Is it really that bad?

Cameron, in his budget demolition, made the claim that the present annual government deficits are a record.

Can this really be true? Brown's profligacy may have wasted more pounds than it cost to fight Napoleon, but surely that is a false comparison as a pound then was worth much more than a pound now, - there has been considerable inflation.

If all figures are adjusted for inflation and changes in the value of money, it remains true that the UK government will have gone further into debt in this recession than the various governments in fighting Napoleon, the Kaiser and Adolf Hitler all combined!

The National debt, which actually shrank a little while Prudence was around from over £300 billion, could reach 4 times that figure before any real impact is made on reducing it. This is a measure of Brown's mismanagement.