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  Marek - The bail-out is in the form of shares and as I and Ross have said that is not a problem and will be repaid, hopefully with a profit, once the shares are sold.
  
  The deficit is intertwined with the national debt only in so far as the overspend on the current account (the deficit) is being funded by more borrowing increasing the national debt further.
  
  The deficit remember is the amount the government spends over and above its income. It is that which needs addressing with urgency. Some will be dealt with by increased tax revenues from economic growth but there is what is called a 'structural deficit', that is the deficit that wont be dealt with by growth.
  
  The economy works in cycles and there is a slowdown/recession every 8/9 years or so. We are hit so badly in this recession because we had a structural deficit before the recesssion so we are piling more debt upon debt and more deficit upon deficit.
  
  The urgency is to get the deficit down and into surplus to repay debt before the next slowdown/recession.

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