Cutting Public Debt: Economic Science or Class War? http://www.socialistproject.ca/bullet/350.php

Is cutting the public debt really an objective economic necessity, or is it actually a deeply political stance, reflecting the interests of the business and financial élites?...During [the last 40 years], the theory and practice of economic policy has shifted markedly from the mainstream Keynesianism of the early 1970s, to the unchallenged hegemony of free-market neo-liberalism since the early 1990s.