Obviously, really; except to politicians and people who must have handouts in Socialist Australia.

"The reckoning rarely arrives politely."

"How did you go bankrupt? Two ways. Gradually, then suddenly,"
Ernest Hemingway.

We are in the gradually phase and the current leadership hope they have gone to their sinecure before we get to the suddenly phase.

Meanwhile, from a real leader....

"There are moments in history when a Nation must choose its future. We have been told that the state is our protector, the bureaucrat is our savior, and the politician knows more than the free man, that we must obey, that we must depend. But the truth is another: the world has only two types of people: those who live off what others produce—i.e., the parasites, that is, you—and those who produce everything that makes modern life possible.
While you draft regulations, we create wealth.
While you promise equality, we generate prosperity.
While you distribute poverty, we multiply abundance."

"The true battle of our time is cultural, philosophical, and moral. It is to choose the system that lifted millions out of poverty. It is to stop being an immature nation that squanders the future to hand out benefits in the present and to become a mature nation."

"Governing with responsibility is governing for the Argentines of today but also governing for the Argentines of tomorrow."

-Javier Milei address to their parliament

What is not stated is the trillion dollars of debt was the work of that the dynamic duo of incompetence, "Scumo and Friedbrain", who splashed money about to the big end of town like a pair of drunken sailors!

Today, Australia is blessed that the dills from the three ring circus, aka the Noalition, are nowhere near the treasury benches.

How fortunate that Australia is not in the same pathetic economic state as America under the lunatic in charge, Donald J Trump! Just as China is forging ahead economically, Trump is driving America into economic oblivion with his "Mad Hatter" policies, which are about to drive the national debt passed $US39 trillion, up $US2 trillion in a couple of months. The Trump propaganda claims the American economy is booming under his management, only the extreme die-hard's of Trumps MAGA base believe that ridiculous claim. The reality shows;

"The Trump administration economic policies, which ironically run directly counter to Trump’s self-stated objectives. Trump’s tariffs have raised the cost of many U.S. goods, as well as the cost of food, and lowered the profits of medium-sized and small businesses, which, unlike big firms, have much less flexibility and fewer resources to adjust. Trump’s immigration dragnet has harmed economic activity in key sectors such as housing construction and services. Tax changes have greatly increased health care costs and pharmaceutical companies have raised prices on hundreds of medicines, all of which affect millions of people as these increased costs reduce their standards of living. And the trade deficit in goods has reached a new height."