costello sells australia's gold, page-7

"If all the debt is supposed to be paid off, why would the 200 billion still be outstanding?"

Banks, countries, investment houses etc etc requiring AAA govt bonds. Now that US has been downgraded our AAA bonds are more sought after. New liquidity standards from the Bsel committee. Superannuation cash components are now more likely to use govt bonds. etc etc etc.

I think you should be more careful with the term clowns that you righties throw around. Most of you have no idea what you are talking about imo.