Author Topic: Government Day-to-Day  (Read 54189 times)

0 Members and 6 Guests are viewing this topic.

Offline Queefer Sutherland

  • Hero Member
  • *****
  • Posts: 10258
Re: Government Day-to-Day
« Reply #2325 on: March 30, 2023, 02:18:29 pm »
In 22/23, the federal government will be spending 10 billion more (40%) to service debt than it spends on defence. How long before it is double.

Hey remember before the pandemic when they were talking about the low debt-servicing costs due to low interest rates at the time and we were saying the interest rates could rise at any time and they ignored us?

Remember when we were telling them that its better to keep deficits low during better economic times in order to have more debt room available to pay for deficits during the bad times?

Everything we said has come to pass.
"Nipples is one of the great minds of our time!" - Bubbermiley