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  Alexander - the deficit the the amount being spent every year, every day, over and above what the government has income. You either increase income, ie increase taxes or cut spending - there is no other way. For as long as you spend more than you have in income you keep adding to the debt and it cannot carry on. You have to create a budget surplus before you can even start paying down debt.
  
  The government is dealing with it in a proportion of 20% tax rises and 80% cuts. I would personally prefer it 100% cuts seeing how bloated public spending became.
  
  Worth pointing out that if we do not get shot of the deficit and pay down debt before the next downturn then we will be back at square one, you cannot hang about with this.
  
  You go on about 'fat cats' this is crass nonsense. There is no way you can deal with the problem by high re distributive taxation as experience has shown you actually reduce tax income that way.
  
  You are wrong by the way, I am not alone against the whole forum.

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