Mr Hockey’s plans for $1.6 trillion of government debt

The Abbott government has no intention of ever repaying government debt. None. It has, quite quietly, announced that it plans to keep borrowing so that government debt remains at 13 per cent of GDP right out to at least 2054-55 which means government debt will be $1.6 trillion. Yes $1.6 trillion of government debt.

via Mr Hockey’s plans for $1.6 trillion of government debt.

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