with $500Billion in debt that is growing every day, remember 10yrs ago our debt was $0 thanks to peter Costello, what will happen if interest rates double or triple in a few yrs?
will we still be the lucky country?
when taxes have to soar to keep paying the interest on the debt + all the other useless things the govt wastes BORROWED money on.
I wonder what our useless politicians will be saying than? who will they blame?
as usual they will never blame themselves, they will blame the European debt crisis, or the US FED, or the oil price, or China, or Tensions in the middle east, or ISIS for their unforgivably bad management of our economy.
