Sunday, December 19, 2021

Reference:- What is a reasonable national debt figure , we wonder ?

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