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    Alexander - you really should credit the source from which you copy and paste.

    That said your source has seriously understated the level of public debt ignoring Brown's off balance sheet debt and public sector pension liabilities that can add another £trillion to the total at least.

    I have been saying for a long time that not enough has been done to cut public spending fast or deeply enough. I have also been saying that not enough has been done to boost growth in the real economy by chopping red tape and cutting certain damaging taxes on corporate and personal income.

    But the economy is more than just the debt and the deficit that is increasing debt at an alarming rate. These are only part of the story, an important one, but only part.

    It is also about how well our wealth producing companies are doing, about exports, about employment, about production, new markets etc etc. Fortunately there has been a lot of good news on these fronts as I have said elsewhere.

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