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teenar

3,093 Posts.

183

18/07/24

11:55

Post #: 74810070
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Originally posted by madamswer ↑

"lt's about time people faced reality."

Yes, people on this forum have been decried by the likes of you for warning about the looming reality for years.

That reality that needs a-facing is a millstone of borrowings approaching $180bn, with a corresponding annual interest bill approaching $10bn (and possibly even more depending on how dim the view taken by the ratings agencies in coming years).

$10bn that needs to be paid to the state's creditors every year represents a lot of nurses, doctors, aged care workers, policemen and teachers that could otherwise have been employed.

.

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Hi madamswer.

Going the way of Detroit, imo.

T.
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