Although the rogoff paper was discredited that doesn ' t mean that debtGDP can increase forever without consequence . Increasing debt is fine so long as you use that debt to increase GDP . The concern here is that we are increasing debt at the same time as we are impeding GDP growth . Hence Peston ' s point that Brexiteers had better be right that Brexit will liberate the animal spirits of British businesses and ultimately lead to an acceleration of growth . We could end up in a trap of everincreasing debt and stagnant GDP growth . <| sep |> When I was a teen I remember constantly having issues with our cellphone providers , and the interactions between their tech support and my Dad were always priceless . Generally he would try his hardest to keep his cool , but you can only kick water up hill for so long . The best part is now my Dad works as tech support for the tech support of those very same companies .