Members on the other side of the House are right when they say that in times of difficulty budgets are about choices. Times are difficult in comparison to the last five years. For those years Members on the other side had no choices to make and could do everything. This is the first budget where they must make choices. They have made choices that reflect an understanding of economics that goes back to about 1925. Since then most middle of the road economists, apart from those who subscribe to the Chicago school, accept the idea that borrowing should be contra cyclical, based on productive capacity and available to maintain the competitiveness of the economy. We have decided, unlike the most successful Chancellor of the Exchequer the United Kingdom has ever had, that we do not believe in this. Our genius from Naas and all the Members on the other side of the House who want to be demonised with him have decided that they know better than the collective wisdom of the successful economies of Europe which have been stabilised through intelligent borrowing and investment.