Why? Do all this chartered accountant’s clients balance their books?

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General election 2010: which party is best for your finances? - Telegraph.

A chartered accountant (one who happens to be of my acquaintance) has written in the Telegraph:

In the end, all the parties badly need to demonstrate that they can balance the books and repair the country’s balance sheet, so the next five years are likely to be painful for taxpayers.

But he does not say why.

And I know that not all his clients will be balancing their books - many of them will borrow, for years at a time. And as he offers no justification for his claim it's reasonable to presume it falls into category Paul Krugman recently described (edited):

These claims generally aren’t stated as opinions, as views held by some analysts but disputed by others. Instead, they’re reported as if they were facts, plain and simple.

Yet they aren’t facts. Many economists take a much calmer view of budget deficits than anything you’ll see on TV.

Why, then, all the hysteria? The answer is politics.

Poor politics at that as well.

I'd have hoped for better. But I didn't get it.

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