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Originally Posted by Work Horse
Important to distinguish between a Government deficit/surplus for a fiscal year and total Government debt accumulated over several years.Politicians will try and confuse the two to make themselves look good.
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That's why ScoMo is crowing it'll be the first surplus in over 10 yrs.
Quote:
Originally Posted by Work Horse
Government debt (the amount we have to pay back) was at $174.5 billion in September 2013. Government debt is now about $341 billion. So both major parties have run up this debt.
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I thought the overall debt now was estimated to be closer to $500 billion.
Quote:
Originally Posted by Work Horse
IMHO the housing bubble is deflating. How fast and far it will deflate is the reason this thread is still going.....  |
Well Stuart Wemyss seems to think otherwise, he has been pretty accurate in the past,
https://www.prosolution.com.au/calli...e526c8e9e59ac7