Debt and deficit: What is the difference? - Victoria Derbyshire

The terms 'debt' and 'deficit' are often used by politicians but what do those terms actually mean? Norman Smith explains the difference between them and looks at how the Conservatives, Labour and Liberal Democrats are planning to tackle them.

[moonspellsdumb]

All countries are hooked on debt and like paying down the deficit with devaluation of the currency and growing out of the debt. Even the conservatives are OK with debt.

[ff-qfth]

No. There is not a fixed amount of money. If you accept the fact that the economy can grow, then public spending can pay for itself through the economic growth it causes