cgt2009,I'm afraid I'm walking into a rampage ambush or spider...

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.