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    Its a matter of Governments spending more than they get in. The UK Government is spending £164bn more than it gets in tax revenue this year alone and the present government has plans to reduce that to about £74bn per annum by 2014 (on over optimistic growth forecasts). That means there is more and more debt piling up along with all the interest on top. To put these figures into perspective, the Defence budget is about £35bn a year and that is less than the interest alone currently being paid.... These are horrifying figures. Where is it going - look around you at everything that is spent by the public sector including benefits, education, health and so on.

    This arises from the same symptoms that result with individuals spending too much and getting themselves into financial problems from high debt. Some Governments thing that common sense money management rules dont apply to them.

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