Grimweasel, I am truly impressed (no joke) by your obvious grasp of this complex field; respect, as our modern youth would say.
However, I am an afficionado of my Grandmother's kitchen table economics, the central pillar of which is that in times of economic hardship, cuts in expenditure must be made in order of priority.
I would be interested to hear arguments in support of increasing Foreign Aid by 34%, at the expense of the defence of the Realm, in time of war (if you don't think we are at war, watch last night's BBC3 documentary from Afghanistan on BBC iPlayer).
HB