Sweden's tax revenue per GDP is now under 45% and dropping. Australia's is over 32% and increasing.
Sweden's corporate tax rate is 2nd lowest in Europe and much lower than ours. It is the corporate world, business and industry, that produces and makes profits. Government does not make a profit nor does it produce anything useful.
You said no country was producing balanced budgets and lowering their debt.
I give you the example of Sweden to prove you wrong...the Libertarian way.
Increasing debt to solve the problem of too much debt does not work. Not only that, it is just plain nonsense that any Grade 1 kid could point out.
It does not work for the individual, it does not work for a family, small business, medium business or large business. And it does not work for Governments despite the fact that they can print more money when they wish to.
This Government has overspent by $200B or so since 2007. The worse profligate spending in Australia's history.
