Labor admits debt fault., page-102

  1. 46,592 Posts.
    OK JohhnoH,
    I'll retract the childish comments.
    Let's just keep it real.

    Please explain where this increase in nett worth of 100 billion came from, presumably it was from taxpayers because government cannot just create money.

    Please explain the relevance of the figure even if it is correct, because unless it is an asset that can be sold, then it appears to me to be useless to say it is an asset of a certain worth at all.

    Nett worth is gross assets - gross liabilities.

    Assets have to be tangible, and have a real value. ie they can be sold for an amount to someone else in exchange for the cash.
 
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