16 August 2013

Australia's debt problem

No matter how many economists and business leaders try to talk sense, the wave of hysterical demagoguery carrying that famous economic illiterate, Tony Abbott, to the Lodge shows no signs of abating.

''Australia has a debt problem: we don't have enough,'' [NAB CEO] Mr [Cameron] Clyne said on Thursday. 
''If we continue to have the debate that suggests that all debt is bad, and not a debate on the productive use of debt, we will simply not be able to fund the infrastructure this economy needs to thrive into the future.'' 


Post a Comment

<< Home