[JCB]

Spending cuts seem to be part and parcel of our economic system .

In the late 1970s we had massive spending cuts , demanded by the IMF , under the Callaghan Labour government .

In the 1980s we had massive spending cuts under the Thatcher Conservative government .

Now we are going to have massive spending cuts under the Cameron/Clegg Con/Lib-Dem government .

History repeats itself , and will continue to do so because the Lab/Con/Lib-Dem establishment is wedded to the same economic system .