What are we saving then?

This is an argument that we need to see more of.

Over at Labourhome Red Rooster asks exactly what is the government trying to save from the pre credit crunch economy arguing

The Credit Crunch gave us an immediate purpose, but before that we were floundering for a solid narrative of how we wanted to change Britain for the next 10 years. The Crunch doesn’t postpone that conversation- in fact it makes it all the more urgent. Because at the moment, with the power to reshape the world at our fingertips, I think we fundamentally come across as someone stumbling around a ship in a storm, trying to keep one expensive vase after another from falling and smashing onto the floor. That may be fine while there’s a storm and you’ve invested heavily in vases.

The argument should be taken further.Was an economy based on growth and borrowing the right direction or do the events of the last few months mean that it is time for change?