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Cutting faster and deeper into public spending is not the solution, Barry.
The problem I have been outlining, which you quite clearly are pretending does not exist as you categorically ignore it - is that we as a Country are spending, currently, £50 billion in interest each year to pay for the Public Debt!
And this figure will go up all the time as the situation stands now.
The Government has to drastically reduce the Public Debt in order to significantly reduce the interest we all pay on it.
At present, we are paying over three times more on interest on the Public Debt than we are paying to the EU. This is one of the facts that UKIP has failed to see and mention! And likewise, all parties are seemingly ignoring this huge expenditure that we all pay in tax every year.
It is not a "lack of understanding" on my part which I am demonstrating!
By 2015, unless the Government changes policy. we will be paying about £75 billion a year on interest on the Debt.
We are heading along the road to the situation Greece has reached.
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