got these numbers from the australian office of
financal (mis) management web site
labour elected 24 nov 2007
today 4 sep 2012
days since election 1746
labours debt $245,326,000,000
debt limit $250,000,000,000
labour average borrowings per day $140,507,446
my mate crunched the numbers.........
interest rate 4.25%
annual interest bill on debt $10,426,355,000
swans proposed surplus $1,500,000,000
surplus borrowing period 11days
estimated days till we hit limit 33 days
wayne swan has borrowed his surplus every 11 days
for the whole 1746 days labour has been in office
not long to go
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got these numbers from the australian office of financal (mis)...
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