But you have to address debt at some point whether you are an individual or a country. At least our national debt is actually coming down as a percentage of GDP ( about 85% now down from 89% at its peak ) whereas the French keep spending money they don't have on lavish pensions and a bloated civil service they can't afford and their debt to GDP ratio will pass 100% in the next few months as a result their borrowing costs will go up further. Italy is getting even worse than that 127% so even countries stick their heads in the sand!
The debt/GDP ratio has more than doubled from 40% in 2008 to about 85 % now.In 2010 this figure was just 60%. The debt interest is approx £B 43 a year.