That is true, but cutting is still by far the most suitable option. You go on about how the Tories have increased the debt, but then presumably support Corbyn who is planning to borrow an extra £500 billion over the next 5 years IIRC. That is completely counterproductive
No, it isn't. The important debate that needs to be had over government finance is what it is that we are spending the money on. Many (most) government departments had their budgets frozen or cut for much of the time since 2010 - as has been pointed out loads of times already on this thread, wages were frozen (in effect a cut), pensions for public sector workers reduced, jobs lost, loads of things sold off (IRRC Osborne got up to £50 billion for state assets sold under his watch, though they were almost certainly worth more than that). Taxes are up, too. Why is it that the reduction in the deficit hasn't been faster? Could it perhaps be that the massive and entirely not dealt with so far waste elsewhere - PFI, outsourcing, procurement, vanity projects etc - is where the money is going?
And as for Liverpool, "managed decline" didn't actually happen at the time, and it certainly isn't happening now. So it is hardly something to criticise the current Conservatives for.
Which is a nice way of admitting that the Tories did actually propose to do what chico, askwuk and the rest said they were proposing to do. As for "managed decline", those are weasel words; if it wasn't directly planned, it was at least connived at - Liverpool lost nearly a third of its population in the space of thirty years, and other cities across the North went through similar (or worse). Given that the current Conservatives are engaged in doing much the same thing, I think its a perfectly valid criticism to make.