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The Forum > Article Comments > Beyond the wasted decade > Comments

Beyond the wasted decade : Comments

By David Ritter, published 29/5/2008

Howard and Costello have indeed left the country in a debt-ridden mess, albeit that the currency is carbon emissions.

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Yes Billie, Howard told us at every opportunity about his government’s (apparent) complete elimination of the debt that they had inherited from Keating.

But the other side of the debt saga is a much more ethereal beast. The US has enormous foreign debt, but seems immune to any concerns of it being called in.

I’m completely at a loss as to what to make of it, to the extent that I don’t know whether Plerdsus is making a valid and very important point or whether it is a complete furphy, promulgated by big business and pro-growth governments in order to keep growth rates high...or somewhere in between.

Even if it is a very real concern, how does it compare with the imperative to develop a sustainable society and the consequences of not doing so, or the potential for other huge impacts, such as peak oil, climate change or a major earthquake in Japan or a major Chinese city?
Posted by Ludwig, Monday, 2 June 2008 7:43:38 PM
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