I believe there is a general consensus that the danger of triggering a vicious circle of deficit, interest rates, confidence and growth has to be avoided. Given the present international financial situation, unexpected episodes of volatility cannot be ruled out, however unlikely they may seem at the moment.
Instead, credible control over the dynamics of the deficit and the debt is self-fuelling, and in the final analysis it will expand the amount of resources available to the community. The spread has to be reduced. The signals captured by investors are important.