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  But surely deficit and debt are one and the same thing, it just depends where you are in the accountants cycle. If the current government was to fall now in a crash or similar..the debt would be deficit would it not..on their particular books.
  
  I'm never sure of the moral argument for bashing the Labour government over deficit. Almost every nation was caught out...from the mighty USA all the way down to little Ireland, and all points in between.
  
  In everyday terms it is akin to 'everday Joe' going along managing his household expenses. He has a job and all is reasonable. So lets say he buys a car on his credit card ( not recommended just for supposition)..all is fine.. car running beautifully, job running beautifully, economics running well. Then his conglomerate head office in Los Angeles decides they dont need the wing in Dartford any more. Out goes everyday Joe.
  
  The question is...was his debt responsible and fair, was he just caught out by unforeseen circumstances. As were all his peers.
  
  As we know all governments borrow all the time, and right across governments the debt is nigh impossible to manage right now, because they have all been caught out, just as Labour were and everyone else was.
  
  To keep bashing Labour about the deficit is pure party politics and is not based on fair assessment. No matter what government was in power. Red, Blue or something in between. They would all have been caught out in the same way.

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