cgt2009, there is nothing wrong with having debt it comes down to debt to equity ratio and the ability to service that debt. For example if you have 90% equity and are comfortably servicing the debt extending your debt to 20% can be justified.
In the case of Abbott he said he was heavily mortgaged and was paying off 3 cars, Given Abbotts age and income his financial planning seems quite questionable and you have to wonder how he would manage Australia’s finances?
