The Forum > General Discussion > Further into debt
Further into debt
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A couple of things that will go over your head.
1. Yes the nation debt exploded un the last Liberal Government. But remember almost all of that was to pay for the ludicrous lockdown policies which the ALP fully supported and indeed demanded even more of and which people like Paul were fully in agreement with. It was only after the bills became due that they got prissy about it.
2. 40% (and growing) of the national debt is down to the states and this exploded in recent years since the ALP gained control of state governments. This is especially so as regards Victoria under Chairman Dan where fiscal prudence was a dirty word.
3. Somehow Howard's surpluses were due to sheer luck while Chalmer's surpluses were due to his superior skills. No bias there.
4. "Howard happened to be in office during relatively good economic times". Yeah, like the Asian Financial Crisis!!