Really? The City of London, John Maynard Keynes and the entire banking world, not to mention anyone who has a mortgage, car loan, student loan, or any debt for that matter bow before your superior knowledge.
The whole bloody world runs on tick, even though George lost our Triple A rating we can borrow at phenomenally low rates. The issue is not debt, it is our ability to service it, the only way to service debt is to grow the economy, the economy is not growing fast enough, solution? Grow the economy! So what does George do? He squeezes the economy, so he misses target after target after target as the economy is not growing fast enough, so he squeezes it some more waiting for some neo liberal fucking miracle to save it.
He'll be waiting a long time.