The question is a simple one: What is your solution to our rapidly acrueing debt with combined Governments' interest now hitting $45 Billion P/A & the prospect of that being $100 billion P/A by the next election?
If you are happy with the Government trashing the credit card until creditors call a halt, then in principle, that is no different than Muffnie on welfare maxing out the Credit Card, IMO.
Is your solution like Iceland: "Burn the Bond Holders?"
So rather than be like others who criticise posters rather han adress the topic, why not put your solution on the board so that we can all have a decco...eh?
The Comm collects about $650 Billion P/a in taxes and on average spends $750 Billion of which $100 billion is borrowed. That over time is evidently not sustainable Our Current combined Governments' debt is over $1.5 Trillion and with the exception of Covid, we have simply lived beyond our means as a country and as you are no doubt aware the saying is: Now that you have eaten the stake, you have to pay" !!! and that's called TAX!
