I don't really understand what exactly is the National Debt?
Is this all as a result of government simply spending more than it had coming in, or does it include what we had to pay to dig the banks out of their hole?
I presume it doesn't, because as I understand it the cash was swapped for shares but the banks all seem to be doing OK at the moment so that money has not really gone away.
Does it include personal debt, which is not quite what it seems, in that high personal debt is an indicator of financial success and only becomes a problem when it cannot be repaid?
I dunno.