"if australia did not have to tax and borrow to pay interest,imagine what the economy would be like,and be sustainable."
You could use the interest saved to pay unemployment benefits to hundreds and hundreds of thousands more people.
Or use it to recapitlise the banks due to massive massive losses from business and household sectors.
You could also use it to pay all the legal fees etc etc etc required to start up the businesses that would have gone under at the height of the GFC.
That would all make the interest bill look insignificant.
- Forums
- Political Debate
- debt clock still ticking
"if australia did not have to tax and borrow to pay...
Featured News
Featured News
MND
Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated
KAI
Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales
STX
Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla