god help australia., page-44

  1. 49,273 Posts.
    lightbulb Created with Sketch. 2
    "In 10 years we could have zero net debt, and all we would have paid over that time was the annual interest bill."

    Oh glug, you disappoint me.

    Really mate do you believe that rubbish?

    Bonds have to be redeemed at face value, it's not simply the interest that has to be paid, the principle also has to be paid off at some time in the future.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.