queensland going broke!

  1. 8,557 Posts.
    New stats released today show gross debt of 81bil dollars ,run up by the bligh govt ! Interest payments alone! of 450,000 dollars per hour to the bond holders! And still the people up here winge about cutbacks .This debt is three times that of Detroit! and we know what has happened there. With receipts dropping from mining industry , could be major recession looming!
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.