Not too late to abandon austerity

'If Labour now repudiated austerity in favour of the far more effective way of cutting the deficit through public investment to expand the economy out of stagnation, generate real jobs, increase household incomes after a decade of steep decline, it would be a game changer at the election' writes Labour MP Michael Meacher.
http://www.michaelmeacher.info/weblog/2014/11/the-case-for-abandoning-austerity-is-a-no-brainer-mathematically-financially-and-politically/
    Trade unionists desperate to see the back of a Con Dem coalition which has slaughtered services and social security on the altar of austerity need to wake up to the economic prospectus being offered by Labour. 'Having rejected the option of extra borrowing, Labour will now need to meet all its promises through tax rises or spending cuts elsewhere. Austerity really is here to stay' wrote George Eaton in the New Statesman in response to this year's conference speech by Ed Balls in which he did a U-turn on borrowing to fund capital spending on housing, roads and other infrastructure projects.
http://www.newstatesman.com/politics/2014/09/balls-binds-labour-austerity-promise-no-extra-borrowing
   Meacher is right about the abject failure of austerity economics and UNISON should support for his call for Labour to abandon austerity. It is not too late.