Business
We must shoulder $1 trillion debt burden – The Australian Financial Review
The immense cost of COVID-19 puts the onus on the present generation to do everything they can to lift the productivity of the economy to reduce the debt and deficit burden for future generations.
The Treasurers speech was light on targets and timelines, which is appropriate given the uncertainty over both the recession and the health issues we still confront. Next weeks budget will give us a first look at what this strategy means for the size of the governments deficits and the magnitude of the debt we will incur. It will be big.
Socialism is on the march again and it must be resisted if we want to have any chance of reinvigorating our free and open society.
Most forecasters expect the…
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