Given the federal govt debt is going up about $400M every day to...

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    Given the federal govt debt is going up about $400M every day to the current $350 billion and foreign debt is around another $trillion , it seems Australia is on a Titanical course to Armageden if international interest rates go up .
    Keeping employment up by having more Govt employees just makes the average wage earners paypacket smaller eventually as each day his share of govt debt goes up about $40.00 - one day it will have to be paid back .
 
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