cgt2009,
I'm afraid I'm walking into a rampage ambush or spider trap.
It's less than 1x annual income.
For comparative purposes the average mug punter debt is 4-5x annual income.
Tony Abbott's debt is supposedly 2-3x his annual income.
What's your point?
No trap, the point I was making is that the fed guvnut's debt is equal to 80-90% of the fed guvnut's annual revenue/income.
I don't care what individuals borrow, that's between them and their lender, how ever I do care about what the guvnuts borrow on my behalf.
Comparing fed guvnut's debt to GDP I find miss leading.
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