That's economically illiterate, jack.
Read up on the causes of third-world debt and how is hampers development:
www.globalissues.org/issue/28/third-world-debt-undermines-development
Graduate debt is bad because it discourages people from entering further education in the first place - especially poor people. This harms the economy because we are increasingly a knowledge-based economy where graduate skills are required and it hampers social mobility because the poorest are the least likely to take on debt.
People aren't pro-debt, jack, as much as it may amuse you to construct this little straw-man argument. UK debt (as percentage of GDP) is comparatively low compared with how high it was for most of the 20th Century.
No one is suggesting that we keep on taking on more and more debt. People have a problem with the method of reducing the deficit which appears to be further undermining the economy after the recession caused by the financial crisis.
It is selfish and uncaring to cut cut cut public services which people depend upon for their lives and cut funding to the public sector which results in hundreds of thousands of job loses, when:
a) The public were not responsible for the financial crisis.
b) The people who were responsible (the banks), are not paying for the crisis which they caused, and in fact, have reported record profits.
c) Cutting public spending so drastically will further undermine the economy, prolonging the recession.
d) The Tories are using the crisis and an opportunity to remodel to the role of the state, where they have no mandate to do so from the public.