To: The Right Honourable British Chancellor  George Gideon Oliver Osborne MP. From: Athinarayanan Sanjeevraja Date: September 28, 2012 RE: Breaking Debt Rule Suggestion:  Good Morning Mr. Chancellor. Indeed, I was crushed to hear Bank of England Governor Dr. Mervyn King comments on breaking debt rule. Dr. Mervyn King gave permission to break one of your iron-cast promises. I am not faulting Dr. Mervyn King comments. Indeed, Dr. Mervyn King has done a pretty admirable job handling financial crisis in 2008. Mr. Chancellor I am sorry to say that your government was elected to diminish the long term structural deficit. But your government failed to achieve it. UK keeps it top AAA credit rating because market expects that your government would keep the budget tight. But your government failed to keep the budget tight. If you lost AAA credit rating, interest rates will shoot up and UK will never be able to diminish its deficit. Indeed, UK GDP is shrink...