Tearing up the State's credit cards seems like a good idea to me.We are told no government can bind future governments but why not if it is written in law and protects future generations from being mortgaged to pay for Labour's spending depredations.The trouble is the proposition is couched in deliberately vague ambiguous terms,referring to 'normal' times with the implication that when the gov deems we are not living in 'normal' times the credit cards can be reactivated for deficit spending.Never give the state wriggle room because it will drive a coach and horses through it.
As a statement of intent this policy is therfor commendable but its execution will have to be seen before it is believed.
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