I'm not an Economist, i would be the first to put my hand up and admit i know nothing about how financial matters work but even i, with as much knowledge on the economy that would fit on a postage stamp can see that austerity isn't working.
All i have heard since the credit crunch as it was known in 2008 is that we need austerity to generate economic growth, but five years on we are heading for a triple dip recession so it has clearly failed.
Budgets have been cut, 750,000 public service jobs are for the chop, pay has been frozen, pensions have been shaken up and public services have been shut down but austerity has failed to create jobs or the anticipated economic growth and the AAA credit rating is in danger and we don't seem to have made a dent in the debt but still the government refuses to change course, they have even suggested that the austere measures have not been deep enough.
Albert Einstein's described insanity as doing the same thing over and over again and expecting different results so maybe our leaders are insane because they seem to be doing the same thing over and over again and wondering why the economy isn't budging.
It is hard to keep the inner cynic in me in thinking that this is exactly where the Conservative Party want us to be because while the economy is in the doldrums, they can bring in a whole raft of privatisations under the guise of lightening the burden on the economy.
Even Thatcher didn't dare tinker with the NHS and she was the privatiser in chief but Cameron and the rest of the Bullingdon toffs have already began dismantling it and selling it off to the highest bidder citing the economic benefits to the country.
As long as they put it down to economic reasons, it looks as if we will swallow it and we have another two years of these guys yet unless the Lib Dems do the decent thing and pull the plug on the coalition.
The Dems will be decimated at the next election, this could be their final brave act of falling on their sword and saving the country from more austerity that seems to be piling on the pain for absolutely no reward but our Government is not changing direction and I have to wonder why not.