From David Cameron's speech yesterday in reply to the Queen's Speech

"Let us be clear about the aim of halving the deficit. Next year the deficit is forecast to be 14 per cent. When Denis Healey was Chancellor and Britain nearly went bust, it was 7 per cent. So under this Prime Minister's magnificent plan to halve the deficit, we will be back to where we were-virtually bankrupt-last time Labour wrecked our economy."

Point well made.