Very misleading Glug. Fraser's debt was $16B. Check actual Treasury figures. The figure you come up with from The Kouk and others is the inflation-adjusted figure for today. It is spin,
And from that figure of $16B, how much was because Whitlam had massively increased Government spending leaving a 'timebomb' for the next Government?
This Government receives $70B more in revenue than Howard's last year but spends $100B more. Result is deficit. Year after year.
This Government overspends.
- Forums
- Political Debate
- australia faces a decade of debt
australia faces a decade of debt, page-55
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)