Wasn't alot of the damage already done by Blair though? I mean all the money we've borrowed was done whilst he was still in office?
I'm not too big on economics (it's my worst enemy xD) so I don't know exactly who was to blame for that.
To be fair on Labour, they have done a good job of steering the country out of the recession. I know that continuing to borrow and spend is dangerous and can get us thrown to a mess like in Greece, but I genuinely do believe it's the best method to keep the recovery on check when done correctly and not recklessly. The Tories want to cut straight away - also as risky and likely to perhaps do more damage than good.
And the Liberal Democrats want us to scrap the Pound Sterling and join the eurozone - at a time when Greece is in trouble and even Germany is struggling to keep the Euro. And the transition will most likely be a messy affair. Sorry Clegg, not a good idea.