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  As I have said many times Brian - because of the deficit, the amount being spent in excess of income is huge and it is a gap that has to be closed by public spending cuts. Without the cuts the deficit will carry on growing, the debt will compound up, soon it would be totally out of control and we will be even deeper in the brown stuff than we are now.
  
  Here being the whole point. We have this dreadful deficit because the government carried on increasing spending while the economy was growing when they should have allowed the growth to balance the books. Therefore the cyclic economic slowdown started at a time when we already had a massive deficit. The fact is a lot of European countries did the same as us and this, along with the unworkable Euro, is why we are so deeply in the do do now.

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