"The next part I can not verify, but it sounds a bit of a worry...."
Tetlom,
I would worry if I was taking financial advice from him.
You would think that the person who worked out the figures of Australia's debt position would understand that net debt is the figure you should use. Gross debt is like just looking at your liabilities and ignoring your assets. Useless if you are buying income producing assets with the money.
You would think he would also not try to fool everyone by using gross debt for Labor but net debt for his buddies the Libs.
Looks like Ross Greenwood should be on Monopoly News not Money News.
He should also know that not all CGS are at 4.67%
Instead of using his home calculator (lol) to come up with an interest bill of 15 Billion pa, he could have just looked up the 2012 commonwealth budget which shows the net interest bill at 5.5 Billion.
