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Abbott Is Wrong on Debt Cost Increase by 400%

  1. Gillysrooms

    8,965 Posts.
    Tony Abbott & Joe Hockey are wrong to try push the Debt onto taxpayers by transferring the cheap cost of Deficit Interest from 2.5% to taxpayers who would need to borrow at commercial Bank rates of 2 to 4 times the cost of the debt which is currently held in Fed Govt responsibilities. TheLNP Policy will result in introducing a 2 to 400% increase in the tax it now pays on the interest cost we taxpayers are responsible for.

    HOW can that put more money into our pockets buy transferring the Debt over to taxpayers at up to 400% cost or more ?

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