Senator Barnaby Joyce says that the Labor government seems to be getting back to normal. “Our gross debt went up by $3 billion last week, the week before it went up by $4 billion. The gross Federal debt is now $163.152 billion.
This is the issue that should be front and centre of Labor Government’s attention, beyond private members bills for euthanasia, same sex marriage and a bid to cool the planet with a new carbon tax.
The reality is there in the numbers. The debt is racing ahead; it is not under control, it is not going to stop.
There is no argument for this profligate waste of money. How much money do we want to owe people overseas?
This money does not include the states’ debt which is on its miserable way to $240 billion, as noted in front page articles of recent weeks.
We also have to note now that local governments too are expected to borrow money.
If we do not get on top of the debt, these debts will get on top of us.”