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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...

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Australian 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...

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‘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...

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Who 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...

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Friday 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...

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How 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...

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Says It All Really

h/t Twitter users _AshleyPriest, Prronto, and LyndsayFarlow (click to enlarge):

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What’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...

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How 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...

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Our 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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