Is It?
Q: What a misleading post , the debt you speak of is NOT Government Debt though is it? Government Debt has been reduced dramatically during the term of this Government. Note the article refers to HOUSEHOLD DEBT
A: The "Debt Truck" guff referred to net foreign debt. Yes, the government has reduced debt - and how? By selling Telstra - to who? In the most part, to your average Australian. The government simply transferred its debt onto the average Australian. Any old ding-dong could have done that (in fact, one did). For the record, foreign debt at: 30 June 2001: $311.0b 30 June 1996: $194.0b http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/NT0001E47E And thanks to the peso status of our dollar (a grade "F" for our government according to Peter Costello's marking system), repayments are so much harder to make. So the question remains - Mr Slicker, where the hell is that "Debt Truck"??