The remarkable economic
performance of Oz under the
Howard-Costello axis. Australian total debt is now over
one trillion dollars and growing.
People are being buried under
heavy mortgage debts with a lot
of consumers resorting to credit
for their weekly purchases. The
engine driving our globalised
economy is a gigantic debt
bubble.
Also if you factor in unfunded
government liabilities,the Oz
Government is VERY far from
debt-free.
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- Ricardovitz