PM finally accept the truth in March, went through the economic crisis, which can last for years.
Very dark in a speech at the Conservative conference, said "not a normal recession," which will be followed by a recovery.
It could be a long time before the "right time" comes back, he admitted.
"People want to know why the good times are so long to come," is expected to say.
"The answer is simple, but not comfortable - it was no ordinary recession, we are in a debt crisis."
But Mr Cameron refuses to change course despite the deteriorating economic situation.
He says: ". I know you do not see or hear again, but I think in this way we are building a new economy, is like building a house the most important part is a part can not be seen - a foundation that will make a stable .. " Downing Street aide acknowledged the economy is much worse than it came to power, because the crisis in the euro area.
He described the speech "a big, big dose of reality."
The word is also an attack against the unions, and he takes his leadership Norman Tebbit with tough new rules on welfare applicants. Job seekers who refuse to "get on their bike" with a job offer from 90 minutes to lose the benefits of the place of residence.
And he will try to steal some of Ed Miliband territory by companies who fail to provide critical training.
But David Miliband said the Tories were "totally confused" when it came to taking a big business.
"We have a Conservative party that wants to move on the ground, I have described," The Labour leader wrote on his blog.
"They can not because they have not learned the lessons of the past, and [has] no plans on how to build a future based on British values".
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