Sefton Central Labour MP Bill Esterson said George Osborne's Autumn Statement was proof that the Tory-Lib Dem Government's policies were failing the people of Sefton Central and the country.
In his mini-budget announcement, Osborne today announced another raft of public sector job cuts.
Speaking after the announcement in Parliament, Bill Esterson said the government had created the recession and they were failing to take the decisive action needed to get the country out of the mess that the Tories and Lib Dems had created.
Bill said: "George Osborne's statement today is an admittance of guilt by the Tories and Lib Dems that their policies are failing.
"They have failed to bring down the debt. They have put thousands of public sector workers out on the dole and they are condemning thousands more, many of the oldest and most vulnerable in our communities, to a life of misery as they slash vital services and benefits.
"The new move to condemn even more public sector workers to the dole queue will make matters worse.
"And now he says he is going to invest £1bn on creating new classrooms, which is a tacit acceptance that they made a crucial mistake when they axed Labour's Building Schools for the Future, which was not only investing in our young people, but also creating much needed jobs and putting vital funds into the local economy.
"They axed BSF two years ago. We have felt the impact of that right here in Sefton Central."
Bill said George Osborne was continuing to hit the most vulnerable for a world-wide financial crisis created by wealthy bankers.
Bill said: "Older people. The disabled. Those in need. These are the people who are being hit by this government to pay for the mistakes of the reckless bankers who created this worldwide financial meltdown.
"But it is the wealthy bankers who are getting the tax breaks from George Osborne. Millionaires have received a £40,000 tax break from the Tories and Lib Dems.
"Meanwhile they are failing the country and going back on their pre-election pledges. Just today we have heard from the UK Statistics Authority that this government has cut its funding to the NHS. David Cameron pledged to cut the deficit and not the NHS.
"The Tories and Lib Dems have let us down on both. Real terms spending on the NHS was lower in 2011-12 than it was in 2009-10. Another broken promise.
"The country is in a hole which George Osborne Osborne himself has dug. But instead of taking action to get us out, the Tories and Lib Dems are continuing to dig."