That is the extent of the problem created by excessive government spending. The fact that a lot of European governments did the same is no excuse for the British government.
Howard - whatever he claims in an election France will not be able to just keep spending themselves into a Greek style disaster. I say again, you cannot go on spending more than you have income and keep building up more and more debt without serious consequences. France is in a poor state already.
Apply the logic to your own finances Howard. I am sure you could get a wonderful lifestyle for a while using up all your credit cards and borrowing more and more - but it cannot go on forever and it will come to a nasty end. It is the same for governments. By the way - I am not giving you financial advice to do that !
