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If you don’t get the debt picture- here it is.

March 1, 2010 by admin

Australia's Debt Chart

(APP) A picture paints a thousand words so a good understanding of our gross debt is seen in the graph above. It shows clearly that the Coalition is a government that pays off debt and that Labor is a government that creates debt and Mr Rudd is creating debt at a faster rate than has been seen in recent history. With gross debt currently in excess of $125 billion one would be foolish if they were not concerned by the trajectory of the growth in debt.   How would you feel taking this to your local bank manager as an example of your fiscal prudence, and the ceiling insulation program as an example of your management technique? learn more

related: Fix the stuff ups, Joyce tells Rudd
related: Wayne Swan hocks Australia off to communists for $300 billion
 
 

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