Business
Budget 2020 takes Australia towards a trillion-dollar debt, but most experts say it isn’t a problem. Here’s why – ABC News
The Rudd government’s debt peaked at $160 billion and the Morrison Government’s debt is expected to near a trillion dollars. So how come we’re no longer talking…
On debt and deficits, let’s start with the obvious thing.
When the Federal Coalition was last in opposition, during the global financial crisis, its political strategy was to demonise the Rudd Labor government’s deficit spending.
It told voters Labor’s spending had created a “debt and deficit disaster”.
The strategy was effective and it romped home in the 2013 election.
But now the Coalition is facing its own, far deeper, economic crisis, and it has embraced deficit spending on a vastly bigg…
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