Another Week, Another $1.8Bn In Debt
The Rudd borrowed-money spendathon continues. Already $138.5bn in the hole, this week alone the Australian Office of Financial Management (AOFM) reports that another $1.8bn in Commonwealth securities...
View ArticleAustralian CDS Spreads Worsen
Amid all the anxiety over debt-laden European countries and their banks, few seem to have noticed ominous signs for Australia. Late last week, as fears really began to rise about the Eurozone, spreads...
View Article‘Til Debt Do Tear Us Apart
Senator Barnaby Joyce writing for The Punch yesterday: Well, I hope you all feel comfortable that you now owe $140 billion. If you take our population as approximately 22 million, that means you owe in...
View ArticleWho Owns 73% Of Our Debt?
Back on the 14th of March last year (“Who Owns Our Debt?“), we discovered that noted SMH economic commentator Ross Gittins was wrong. He had claimed - You thought the pollies had done little else but...
View ArticleFriday On My Mind – Another $700m In Debt
While most everyone else is obsessing about this Friday’s royal wedding, I’m thinking about another kind of “marriage” contract. Til Debt Do Us Part. You see, $189.84 Billion in debt is not a big...
View ArticleHow Gillard’s Use Of The Credit Card Makes Rudd’s GFC Spending Spree Look A...
A few days ago I wrote an article titled “The Real Reason Why Gillard’s A Spinster“. It ruffled feathers. Not for the intended reason, unfortunately. Humourless critics were so rankled by my [insert...
View ArticleSays It All Really
h/t Twitter users _AshleyPriest, Prronto, and LyndsayFarlow (click to enlarge):
View ArticleWhat’s Another $2 Billion Anyway, I’ll be Retired On A Taxpayer-Funded Pension
How’s that borrow-our-country-into-endless-servitude-to-foreign-lenders caper going, Wayne? Four weeks ago – $2.2bn more debt. Three weeks ago – $2.4bn more debt. Last week – $2.75bn more debt. This...
View ArticleHow Much More Debt Next Week, Wayne?
$2.5 Billion. Great, isn’t it. Over the past 6 weeks since I began tracking the AOFM’s government debt auctions, Wayne’s pack of lunatics have borrowed no less than $2 Billion, and as much as $2.75...
View ArticleOur Government *Officially* Does Not Know Who Owns More Than 60% Of...
Who owns our nearly $200 billion public debt? It’s a question we’ve asked before. Back on the 14th of March last year (“Who Owns Our Debt?“), we discovered that “expert” SMH economic commentator Ross...
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