If you think that the current rate of accrual of Comm, States &...

If you think that the current rate of accrual of Comm, States & Muni debt
is sustainable , then you are nothing better than Muffinie on welfare
whose spending exceeds income until the credit card is maxed out.

Here is the proof that we, as a country, are living beyond our means
(keep in mind that that before the GFC (during Little Johnie's tenure)
that our combined Governmens' debt was quarter of what its now.

https://australiandebtclock.com.au

And just in case you are not numerate, we, as a country, have racked
up $1.2 Trillion debt over 15 years...that's an average of $80 billion P/A
and the trend continues to and beyond current budget estimates!

And while you are at it just have a look at the near $9 Trillion of personal debt
(household + personal)

And if China decides to blackball our exports properly in lieu of our warmongering
over Taiwan, then more probable than not we'll be another Argentina with our Peso
going through the floor. Just look at the trend, my friend?


(just have a look at the "head and shoulders"formed in March-April '23?)

But are we now getting the message from interest rates increasing and theass falling out of our Peso?
IMO, no.

So in summary, mate, now tell me who is the bigger fool?