If we could stall The Debt Clock now (see post above) andthen...

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    If we could stall The Debt Clock now (see post above) and
    then reverse its current rate of debt accrual into a similar
    rate of paying down the debt, then it would take 50 years
    to do so from my calcs.

    Given the Government's forward estimates in May, there
    is little hope of stalling the rate of debt accrual this side of 2030
    let alone embarking on paying it down

    So inevitably, Aus Post, the NBN & the ABC and anything else of value
    will be sold later in a desperate attempt to stall the rot, IMO,

    So what s the answer?

    IMO we have downstream process our raw export materials
    (both hard & soft commodities) add Aussie value whether
    we like or not and use the profits to pay down this mountain of debt.

    Otherwise Wall St, The World Bank, The IMF & others will
    step in and rob us of our luxurious lifestyles and with it our sovereignty.

    We have picked a row with China and rather than china bailing us out of recessin
    as it did during the GFC, it will do everything now in its power to sing
    MSS Australia , IMO, and grab a firesafe bargain while the Yanks
    are trying to look over their own mountain of debt.

    All IMO only




 
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