Last years budget forecasts indicated that an additional Half Trillion (that's $500 billion)
of debt would be taken on over the next 4 years with no respite in sight.
If we were to be a corporation the creditors would likely call for liquidation
unless management could indicate convincingly how/when the losses
could be reversed and when the debt would be paid down.
https://budget.gov.au/2020-21/content/overview.htmDoes our Government have any ida?
Does it care?
Of course ScoMo has been voted into power on the strength that
"the Libs are better money managers"
If this is "better money management" then it would be real scary to see what isn't!
We'll have to wait for another few months to see what the 2022 Pinocchio slogan
will be.
Could it be: "The Libs have a nose for business"
or "Sit on my face and I'll tell you some more lies"
