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Chalmers is out of his depth, page-4

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moorookamick

23,954 Posts.

770

28/07/22

21:25

Post #: 62792390
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Originally posted by moorookamick: ↑

Since 2013 the Libs have accrued 700 Billion of debt which
fed into the GDP in the form of budget deficit spending.

With an average of 25.5 million Aussies over this period
this accounts for $27,500 per capita.

If we take that away from your $59,083 GDP/Capita (as you cite above)
that makes it a net GDP/Capita of $31,583 !

Our $1 Trillion of Debt has to be paid down later + interest by taxpayers
Add to that another $500 Billion of States & Muni debt and you start to get the picture...eh?#

To not account for the debt is like Muffnie on Welfare saying that her income
is $50 K......$25K welfare + $25K maxing out the credit card!

Since 2013 the Libs racked up an average of $80 Billion a year on Comm Debt alone
which was over 4% of GDP P/A

And the big joke: "They said they were better money managers"

This is a combined Governments annual interest bill of $50 billion/year and rising for the taxpayer to foot!

Expand

And this is why Chalmers (or any other treasurer for that matter) is out of his depth......
he's drowning in inherited Liberal Government debt!!!

https://australiandebtclock.com.au
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