Originally Posted by Dän
The Australian government has no debt, which is public debt, private debt is the responability of private firms and of course they will have large debt levels, its the nature of the beast in Australia.
dan, did you read my post.
Why did Costello use those three words, when two would have been sufficient, and more emphatic of the zero debt position ?
As per Stonewall's post, is the country owing massive amounts to other countries a healthy thing, whether public or private debt ?
What happens when they call in their loans ?