I've no interest in all the politics shenanigans, but it's mental how many people don't know what the difference between, the budget deficit, and the national debt is.
Deficit = Income vs. Expenditure, think of it like your wages, vs. your out goings, e.g mortgage, council tax, car payments etc. If you lost your job, and had to still make those payments you might need to borrow some more money from, maybe your parents, friends, or a bank until you got another job and your income was greater than your out goings again. You can't run in a deficit forever, or you have to start sacrificing things, like selling your car, house, or getting rid of some possessions.
Debt = Amount you currently owe to creditors. So, if you take it in your terms, the balance of your mortgage, car loan, and credit card balances. Obviously your debt will increase, if you can't raise enough money to pay it back, so if you lose your job, and need to borrow more your debt goes up. The longer your debt stay higher, the more the interest adds to the balance, and if you can't start paying it off soon, then you will eventually become bankrupt.
In short, until this country is making more money than it spends, the debt will never ever decrease. Now go and figure out how you achieve that, in the same terms that you would have to do personally.
