Mr Oliver is quoting the net Australian Balance sheet which subtracts all Comm Government' ass ets from debts.
At present our actual debt (Comm, State & Muni disregarding current assets) is over $1,1 Trillion and growing rapidly.
If our debt is as per Mr Oliver's chart above than why is the Commonwealth paying over $20 billion a year of interest only?
If as per Mr Oliver's chart above that the national debt is 20% of GDP: that is $400 billion , then why are we paying over 5%
when the bond rate is sub 2%
Here is the real picture :
https://australiandebtclock.com.au
Mr Olivers figures above ar like a home owner who owns a $1 mil dollar house but has a credit card bill of $500K saying that he/she has no debt.
For us to get down to Mr Oliver's 20% GDP debt we'd have to not only flog all Commonwealth assets ( I'll Post a list link later, we'd have to do a Can Do
Campbell and flog the State & Muni assets as well.
Our Grey generation have worked and accrued these Government assets. Keep in mind that the Future Fund's $200 billion is included in the above
stats.
Mr Oliver being a banker would naturally want to see the Governments privatise the family jewels and still be in debt!
MM
- Forums
- Economics
- Who do you think will be repaying the Government?
Who do you think will be repaying the Government?, page-55
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
Previous Video
Next Video
SPONSORED BY The Market Online