Aiden, your suggestion that we can just print it to repay our loans.
There seems to be something wrong with that.
You said we borrowed in Australian dollars so we can repay with Aussie
dollars. Just print them on bits of paper and give them to the Chinese.
Why not just print one note for $x and say thanks.

Seems a bit like the story of the hotel and the $100 note that went
the rounds of the town.

Yes Bazz and right on the money! And the pun was intended. Yes of course there's a case for borrowing like there was no tomorrow, if the money raised is used exclusively to build infrastructure projects that earn a reasonable return, which must include all repayment and management costs inside a reasonable time frame say thirty years!

The upside will be the extra economic activity as well as the extra permanent jobs that would be created along with myriad spin offs and upsides, as you'd create with an inland canal that then provided an economical source of permanent reliable irrigation, and in the current dead heart?

Just imagine the extra jobs and economic activity that would also entail? Ditto very rapid rail and the creation of a nuclear powered submersible shipping fleet that would connect our rapid rail system to offshore rail links and the rest of the world?

And what's more given our current level of expertise and resources, our fleet could be built right here at home as a government initiated and funded, employee owned and operated, cooperative enterprise, which will all but guarantee it can't be built any cheaper or more expeditiously anywhere? Anything but anything we lack can simply be imported! Be it materials or technical expertise!

Time for prevaricating politicians to stop with the ideological based excuse making and blame shifting, and just get on with doing the job we Australians pay them to do, as opposed to current practice, selling us down the river of no return?

Arguably, just to line their pockets or shore up their seriously enhanced retirement prospects?
Alan B.

Bazz I could go on but I am sure that you get the idea, even though they are not 100% they are close and in some cases do get to 100% at times.
Countries Leading the Way Toward 100% Renewable Energy
Denmark sets world record for wind Denmark set a new world record for wind production in 2014, getting 39.1 percent of its overall electricity from the clean energy source.
UK wind power smashes annual records In the UK, wind power also smashed records in 2014, as generation rose 15 percent from 24.5 terawatt-hours (TWh) hours to 28.1 TWh.
Renewables provide biggest contribution to Germany’s electricity Renewable energy was the biggest contributor to Germany’s electricity supply in 2014, with nearly 26 percent of the country’s power generation coming from clean sources.
Caribbean Island Says Goodbye Fossil Fuels, 100% Renewable Electricity transformed electricity system on Bonaire. The island is now home to 12 wind turbines with a total of 11 MW of wind power capacity, which contribute up to 90 percent of the island’s electricity
Renewables now supply 22 percent of global electricity and nuclear only 11 percent—a share that is gradually falling as old plants close and fewer new ones are commissioned.
List of countries by electricity production from renewable sources
https://en.wikipedia.org/wiki/List_of_countries_by_electricity_production_from_renewable_sources

Alan B, I understand the method of borrowing to build/buy plant to
increase production or build infrastructure etc. Then repay loan and
interest with the extra output. Been there done that.
That all makes sense, provided everything else is in place to enable
the project.

My question was in the repayment, especially if the expected growth does not appear,
Our current debt just sits there, what then just ask the RBA to print it ?
Reminds me of Venezuela, they had three 747 loads of new notes
delivered but could not pay for them. They could have paid for them
with some of the new notes. Anything wrong with that ?

Aiden says we borrowed A$ so can repay with A$. Good just print them
and get rid of the debt. Why has no one else thought of that ?

Bazz,

If Venezuela had been sensible enough to float it s currency, it wouldn't be in this mess now. But instead, despite Chávez's rhetorical opposition to the USA, the Bolívar remains officially pegged to the US dollar. Despite occasional official devaluations, the official value is far higher than the market value, and that has prevented the export led recovery that would have happened with a floating currency.

Something similar happened with the Rouble in the late 20th century.

As for why we don't simply print money toget rid of our debt: if we did, once they banked the money, the notes would be returned to the RBA and we'd be paying interest to the bank that returned the notes to the RBA. So Australia would have the same amount of debt as before it was paid — just more in account form and less in bond form.

Rehctub watch the brilliant YouTube video and learn about this remarkable energy source.

In addition to the benefits I previously mentioned you can also use this technology to burn old outdated and dangerous existing nuclear spent fuels and sequester Co2 if required.

CSG still pollutes, LFTR hardly does at all. These units can be scaled and used in a myriad of areas of application.

Thorium is abundant globally, uranium is not. Thorium technology negates the entire green energy focus particularly in relation to the viability of 24/7 base load electricity generation.

We either get onboard now or we will all lose in the longer term.

Cheers
Geoff (with an upper case G and an 'o' before the two f's)