PS: Rather than concentrating on others ( we should be putting the USA & China second & Aus 1st), we shold be clearly focussed on Aus. Our debt is heading for $1.2 Trillion and will likely be $1.8 trillion (or close to a 100% GDP -reduced by the recession) within 2 years which will place fairly & squarely among the global endebted basket cases.
The challenge here is to propose a remedy now rather than waiting until the boat sinks .
