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Bowen talks down debt problem

  1. traderi1

    4,774 Posts.

    God help us if this mob gets back in power.

    http://m.dailytelegraph.com.au/news...245-billion-debt/story-fni0cx12-1227221128209


    The man who would be Treasurer Chris Bowen dismisses our $245 billion debt

    THE man who would be Treasurer has described Australia’s multi-billion dollar debt issue as “rhetoric”.

    Australia pays $1 billion a month in interest payments alone to service our $245 billion net debt but Shadow Treasurer Chris Bowen yesterday talked down the urgency for repair because Canada and Germany are worse off.


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