treasurer joe hockey says commonwealth debt..., page-48

  1. 13,958 Posts.
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    "are you that much of an economic moron?

    ow does liberal pay Labors 30 billion dollar annual interest bill when there is no money left. Remember when ruddy got in office in 2007. He had 50 billion to play with thanks to Peter and Johnny."

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    Love your work Wazbee. $30 billion interest would mean the yield on govt bonds is like >10%. Are you sure about dat partner? 10 year bond yield is 4%. Using that 4%, work backwards, do a double flip somersault, touch your toes and dance a jig and you might come up with the correct annual interest bill.

    I suggest you also do the same with that $50 billion number. You might want to give us a link... actually dont because I know you plucked that out from somewhere unpleasant.
 
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