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"While there is a deficit, the debt will rise". Correct me if I am wrong, Anon, but that is only the case if there are no sales of assets, isn't it? Unless, of course, the deficit exceeds the amount realised on those asset sales. If the asset sales realise more than the deficit then surely the debt comes down, doesn't it? That's how my repayment mortgage worked anyway. I paid the interest, and some capital, and gradually the debt came down and was eventually paid off.