The tax or cuts debate is a distraction from the real issues  which are about debt and our dysfunctional credit-based money stystem. There’s a very good Report by Compass, In Place of Cuts, which does exactly what it says on the cover. It presents some very reasonable options for equitable tax reforms that we should all be debating.

2010 looks like a year of public sector cuts which will lead to another one or 3 million unemployed, which will increase the publc sector debt burden and – a prediction for 2010 – another financial crash, worse than the credit crunch…a debt debacle if you like.

Happy New Year!