Many of our supporters appreciated the document that we produced on housing affordability. Following this document, we’ve now completed a new publication headed ‘Australia’s Debt: an Honest Debate’ – it points out that at the time of the John Howard Debt Truck, claiming that we owe the rest of the world $180 billion, that our debt has gone up about 5.5 times. That’s roughly a trillion dollars, yet no-one appears to be complaining.
If you’re like me and you don’t really understand this whole debt issue, I suggest you have a look at following 31 page, easy-read document.
If I’ve got it right, it looks as though we shouldn’t be worrying so much about government debt, but more about private and household debt – it appears we are the world leaders!