Sunday, January 17, 2021

Australian debt now over $800B or about 40% of GDP

I know its small debt compared to the USA's $27T.....but Australia's debt is now up to $809 Billion (or around 40% of gdp)

https://twitter.com/TheKouk/status/1350704235214589952 


The only thing scarier than that....is whats going on here in the USA.

There is ZERO discussion and i mean ZERO about how all of this money being spent is "future tax revenues" and what services are going to need to be cut in the future to pay for whats being spent today.

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