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  Keith - if you are spending too much on your credit card then the only way to stop the problem is to cut your spending. Only when you get the current account in surplus can you repay debt.
  
  The answer is yes but the political will is needed.
  
  Keith - I do not entirely disagree that all governments borrow to excess. There is a weakness in our political system that encourages politicians to try to buy votes, some are worse than others though.
  
  We need a new constitutional settlement by which public spending is limited to and average of 30% of GDP over an economic cycle to get a good balance with a competitive and sustainable economy. For your information, it reached 53% under Brown and that made the economy as unstable as a upside down pyramid.

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