I understand the interest rates are at a historic low right now, although there is talk that this will increase later this year. But regardless of whether governments can borrow at 0.1% or 10%, it is still debt, and adds to the vast amount already owed.

Of course, borrowing at a lower rate will return the initial investment much faster than at 10%, but...it's still increasing debt which is already at record levels. There has to be a cap on the amount of debt, otherwise it just keeps growing bigger and bigger and is only sustainable to a certain level before it all collapses. It's not fair that we saddle tomorrows generation with todays debt.

It's easy for someone to say the government should spend more money on education, healthcare, etc to help us all out. Spending money is easy, especially when it's someone else's! However, if the tables were turned and the onus was on the individual to personally borrow money from the bank and make financial commitments to 'improve' themselves, I wonder how many people would be up for the task and be prepared to take the risks that come with it.

Say for example, everyone in the country could personally borrow a guaranteed £100,000 at a rate of 0%. How confident would people be in taking on the debt and investing the amount towards a new kitchen to improve their house price, taking out an open university course to learn new skills, signing up to a gym membership to improve their health and also using the money to start up a new business venture? This spenditure is sure to 'improve' our situations in the long term, but how many people would be personally prepared to take this risk?

But of course, this is an unrealistic hypothetical question, because it is the responsibility of the government to control spending and take care of us - but they can only do so much. Now I'm sure there are a few people out there who are already doing this; getting loans/mortgages for starting a new business/ investing in buy to let properties, etc, and I have nothing but admiration for these types of people because they are taking the initiative for themselves. Not everyone is in the situation to do this, but for those that can, and do succeed, it seems that the more successful these people become, the more resentment is aimed in their direction!

Given that areas such as education, healthcare and infrastructure are known to have high rates of return (thus why they are targeted by the Washington Consensus for investment in developing economies) then it makes perfect sense for the Government to borrow money now to spend on those things.

If this is true, and I am not doubting that it is, then we the public, are bigger morons than the people we voted in, and instead of bashing Osbourne & Cameron, we should be throwing bricks through the windows of any Conservative supporter and constantly reminding them that they are to blame for everything.

Disclaimer: I have no real idea about politics and economics and stand by my earlier statement about being a simpleton in these matters (among others). I have opinions and some may be more ludicrous/valid than others, but don't hold me to it.