Official nett debt at June 2009 was -14532 million, we actually had no debt and a 14.5 billion asset.
Now it is 131 billion owed as at end of March 2012.
In 10 quarters (30 months) we have gone from -14.5 billion to +131 billion owed, a total turnaround of 145.5 billion.
That equals 4.85 billion a month, or approx 1 billion every week of increasing nett govenment debt.
1 THOUSAND MILLION DOLLARS of new nett debt has been racked up by Labor EVERY SINGLE WEEK since Rudd was elected!!!
Those are real numbers yeldub, not the rubbish kpi's you continue to spam this site with.
Based on the current rate of debt we could be owing 200 billion of nett debt by the time this government falls at the next election.
Even at 4% that will be 8 BILLION of interest alone that has to be paid back every year, let alone the debt that will fall due once those bonds start to be redeemed.
A total failure to act as custodians of our Treasury, and to act in the best interests of our Commonwealth.
