Reference :- The LNP government has always been obsessed with the level of federal government debt .
What level of government debt should we consider acceptable ? Fortunately the LNP keeps us regularly informed . After Labor took office in 2007 the LNP called the debt of 48 billion back then " unbearable " . By 2013 , despite one of those global economic crises that the banking sector runs on a regular basis , and despite having been the world's best performing economy for 3 consecutive years , the LNP called " Labor's debt " of 160 billion quid " crippling " and " exorbitant " .
The LNP snatched the financial reins of the country in 2013 , and we now have a debt of 940 billion quid, which is close to six times the debt they inherited from Labor .
This they describe as " manageable ".
It's hard for me to understand the logic of all this . I guess there are many complex factors to consider when deciding the significance of the debt . I mentioned this to Ken junior .
" I guess the significance of the debt must depend on many complex factors . Like maybe iron ore prices , and GDP and interest rates and inflation and energy prices and the like . " , I said .
" And which way the wind is blowing . " , Ken junior said .
Ken junior never misses an opportunity to reference sustainable energy .
Your comrade , Ken .
No comments:
Post a Comment