Ærchies Archive - Digital Detritus

Memo; Mr Abbott

Since you keep telling us how badly off Australians are, could you please tell me which countries are better off.

I’ll help you out a bit by sharing a number of charts and stuff with you.

NET DEBT

Firstly, you have spent a lot of time in Parliamentary Question Time recently asking questions about Australia’s “Huge debt ‘on our credit card'”. You keep using the number “$300 Billion”.

Here is a chart showing how that rates with other major nations’ debt.

netdebt

Our Australian debt is not only ridiculously low compared with other major economies but is shrinking in real terms!

I realise you have a problem reading stuff, Mr Abbott, but you really do have to read some things. I’m throwing in a huge set of figures which are not in chart form but do tell us something about how our debt to GDP ranks within the…

View original post 211 more words