Interest rates at emergency lows, page-28

  1. 23,841 Posts.
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    billybong
    this is a lovely chart and it speaks the truth.....
    Australian govt debt as a % of GDP

    Howard/Costello years had it down as low as 8%.....then the vandals came to power with big spending, waste, throwing money around...wrecking the economy.
    Then LNP came to power in 2013 and its taken them literally 3 years to stabilize debt to GDP, and finally we may see surpluses to help pay down debt....
    what do you think would have happened if shorten won back in 2016 or 2018...?

    https://hotcopper.com.au/data/attachments/1622/1622333-8edeb002fba407200ed87767635a3903.jpg
 
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