The Forum > Article Comments > Rudd continues to struggle with economics > Comments
Rudd continues to struggle with economics : Comments
By Mikayla Novak, published 13/10/2011It is fiscally profligate politicians, not markets, that need to be brought to heel.
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We have the 3rd lowest government debt in he OECD at about 26%GDP. Most developed nations are well over 50%, some are pushing 200%. Put things in perspective and you'll see our government debt is minuscule and quite manageable. Most young home-owners would love to have such a low personal debt burden.
And no-one said selling bonds is not borrowing money. That's an oxymoron.