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  slicing through the political yah boo sucks rhetoric the reality is that
  
  a) the state (thats us folks) owes a pot load of money, that has to be paid back over the next 20 odd years
  b) in order to do that the state can either borrow more (i.e. roll the debt over) or find some way to pay it down
  c) the only realistic way to pay it down is the same way you and I do it, spend less than we earn and use the resulting difference to clear the debt
  d) if we are lucky and the due date for the debt is some way off we can save/invest the money and make a bit extra (funnily enough government can do this too...)
  e) unfortunately with current spending commitments government spends more than it earns
  f) this means it has to cut spending heavily, or sell things off so it makes smaller cuts
  g) lots of government bodies are sitting on huge quantities of assets they do not use - the MOD and NHS being 2 good examples - they have vast land and property banks that are sitting idle/empty
  
  At the end of the day Micawber was right

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