Two weeks ago, I dubbed this the Ostrich election. It's turned out to be even worse than I feared

Daily Mail
"So now it is official - or at least as authoritative as it is going to get. The Institute For Fiscal Studies, Britain's most important independent analyst of our national finances, declared yesterday that any new government will have to impose the deepest public spending cuts we have known for 30 years. .....No one could realistically have expected the Prime Minister, architect of financial disaster, to admit the mess he has got us into. But it seems extraordinary that neither David Cameron nor Nick Clegg at any point asserted the simple, overwhelming reality: we're bust, we're bust, we're bust.Labour has wrecked the economy. It will require the harshest policies from any responsible government - sacrifices that will affect every family in the land - to restore Britain's public finances before a 2014 or 2015 election.It would be foolish to expect honesty from Nick Clegg and his party, who do not expect to govern and care only about winning sufficient seats tomorrow week to force proportional representation on whichever party is willing to cut a deal with them.But the Conservatives are most likely to inherit the shocking legacy and to shoulder responsibility for clearing up the mess."