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  Reg, are you aware that quod erat demonstrandum only really applies to philosophical argument, not urban myth?
  
  It is plain to anybody with half an ounce of intelligence that if expenditure exceeds income, deficit ensues. That applies to household income, charitable trust income, business income and government income. Whilst some debt is good, as it keeps credit circulating, excessive debt will destroy the systems set in place, based on previous experiences.
  
  The only answer is to cut back spending to the quick and raise extra revenue through taxation.

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