Australia's debt clock

I didn't know we had one, i think were going the way of the US.

Got to get rid of Gillard and Brown.

http://www.debtclock.com.au/

 

It seems bad when you look at it like that but debt to GDP is very low considering most other countries.

 

Indeed the whole thing is very simplistic. I wonder who is behind it?

http://www.abc.net.au/news/2012-02-15/kohler-debt-doldrums/3831290

 

You're showing your ignorance. Our public debt as a percentage of GDP is VERY, VERY LOW. It's pretty much the lowest in the West. And the thing is that private debt is GOOD. Without private debt the economy would collapse.

I love how you think doing pretty much the best is somehow doing almost the worst.

 

You can hide your head in the sand, but only until reality kicks you up the arse.

 

How is the truth hiding one's head?

 

I love how you make general comments to hide the fact that you don't know what you are talking about.

 

The link in the OP is meaningless. For example what is the source of the information? None is given in the link. Actually most of Australia's debt is not Government debt. Most of the developed countries have much higher debt levels. Maybe we should re-elect the government for this reason?

Ref:https://www.cia.gov/library/publica...alia&countryCode=as&regionCode=aus&rank=97#as

 

Meaningless post.

 

And who told yout that Milton Friedman!

I'm afraid thats how they have taken over just about every country on Earth.

And now they're asking for sovereignty too!

It wouldn't take much for the IMF to come a calling on our front door step either, so stop thinking we are on a pedestal.

 

Well then knock it of its pearch, prove its bullsh!t and i will concur.

BTW what the heck do the CIA have to do with economics?

I thought they were a bunch of terrorists & assassins?

 

Watch out or the Reptilians will get you!

 

[ame="http://www.youtube.com/watch?v=HloixPNGsgM"]Keiser Report: Cosa Wallstra (E25 - YouTube[/ame]

 

Public debt to GDP is a meaningless comparison.
Howard and Costello didn't borrow during their years in office.
Why is Juliar borrowing money just to run the country? Australia has more of everything than we need so government debt is a sure sign of very poor financial management at government level.

 

Howard didn't "borrow" because he just sold off everything he could get his lilttle hands on.

Plus debt is not a sign of poor financial management.

 

So give us a list of what Howard sold and I will give you a list of what Hawke and Keating sold (plus borrowed $98 billion which Howard paid back).

Debt is a sign of poor financial management when you are a very rich country and you are having to borrow just to cover operating costs.

 

Your not very smart are you?

 

Notice how the only other countries with low debt are developing countries? Yeah, let's be like them!

 

I never said it was bullsh!t. I said it was meaningless. Please do not put words into my mouth. It fails to give its sources or when they got the information. Such things can get out date within a year or two. It also fails to put it in context. How easily can we repay our debts? Who owes this money? Government? Public companies?

As for your last two paragraphs, they have nothing to do with the topic. Since they have this site your knowledge of the CIA is obviously wrong.

 

Another meaningless post.

 

Howard and Costello didn't borrow yet their years were possibly the most prosperous in Australia's history. We never had it so good, they proved Australia does not need public debt to grow and prosper.
Remember when Costello announced the first $20+ billion surplus? Labor and the greens yelled yaaaahhh!!! LET'S SPEND IT!! Howard and costello said no, let's put it aside for a rainy day. It's like this, give an idiot (Labor) a credit card and they will immediately max it out with no thought to how they are going to repay it. Give someone sensible (Lib/Nat coalition) a credit card and they will only rarely use it, for small things and only if it is necessary or convenient at the time.

 

We have it better now, but the media keeps telling us that we don't so people think they're worse off.

Australians are currently earning more, own more, own more houses, cars, etc. We are better off now than ever.

 

Add posting a post that comments on another post being meaningless is meaningful?

Hence my comment on your lack of intelligence.

 

Just trying to give you a gentle hint Porker.

 

You can substitute one letter for another?

You must be a brilliant wordsmith.