As the dust settles
Nobody goes into politics to carry out the sort of measures which the Chancellor had to announce yesterday
Cuts on the scale which had to be made to clear up Labour's mess cannot be made without causing real pain to nearly everyone in society, including some of the less fortunate. That is no cause for celebration.
But the fact remains, that borrowing one pound in every four you spend is simply not possible. Governments have more flexibilty about how much they borrow and spend than an ordinary household but there are limits to what they can get away with for any length of time, and the fiscal position which this government inherited was way outside them.
There is no way that any responsible governnment - which the present one is, and the last one was not - could have avoided either heavy tax increases, severe spending cuts, or both.
Nobody will have liked most of the measures announced yesterday. But anyone who criticises them has to say what they would cut instead, of how they would raise taxes instead.