What part of the national debt do you want to repay?

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The national economic obsession is with repaying the national debt. But, very few people know what it in the national debt (including, I now realise, the Office for National Statistics) and even fewer realise why it's all pretty useful stuff. In fact, I can't work out a reason why we'd want to repay any of it when the cost of having it is falling, steadily. This is what I explore here: