A Budget surpluss is seperate and independent to Australias national debt. Our national debt in 2007 was 94% of GDP or $989 737 000 000.
The national debt In 1996 was $275 533 000 000. Our Debt in 1986 was $101 925 000 000.
Our governments of past and present have managed to qaudruple our debt and then some in the last 12 years.
My hope is one day we will have sensible and effective financial leaders to manage this countries once in a lifetime oppurtunities.
Kohlers right, we were pandered to and bought by the Howard government in exchange for power.
Unfortunaetly, the gillard Gov knows no other way than to plagiarise the Howard governments populist ways, but in a more obtuse and amatuer manner, thus condemning the future of all young Aussies to a debt ridden slow growth scenario that will stiffle the population and its aspirations.
The good days are over and will not be seen again for a very long time.
