Fraser Nelson in the Spectator "Coffee House" has this to say:.
" I wish I could find a way of getting across, in plain, non-hyperbolic English, the sheer scale of what's going on right now, and what this means to our country's ability to finance itself. I just can't: the size of our problems defies my powers of expression. Journalistic language can't do it justice: we cried doom months ago, and we were right. Crying "double doom" now wont resonate. "
The whole post is worth reading, but what is particularly telling, I think, is the fact that things keep getting worse. In previous downturns ( certainly since WW2) things slowly declined but then levelled off. After a period, things began to improve - and people could see where it was all heading. Now, no one appears to have any idea where we are heading or what to do about it if we did.