A licence to spend?

Is Calton the only one who is worried that the Scottish Government can now borrow up to £5bn given that the two largest parties in Holyrood at the moment believe in spending our way out of the recession? Thankfully the Scotland Bill passed in the Scottish Parliament today will not come into effect until after both the independence referendum and the next Scottish election, giving voters the chance to decide if we wish to return to the reckless borrowing of the Brown Labour years or adopt a more austere approach. No prizes for guessing which Calton would choose. Not that he wants to see Scotland adopting English Tory policies wholesale - Scotland is currently leading the way on free prescriptions and free tuition, to give just two examples, and should continue to do so. We just need to realise that the supply of money to pay for these things is no more limitless than the oil in the North Sea. Some good old-fashioned Scottish thrift would not go amiss now that we have more control over our own money.