Au actually makes money from our debt.
579,
So, how much are Australians getting out of this debt ? Is it enough to cover the debt ?

SOG look I am sorry.
True
But I truly honestly think.
Your view of this matter, like your belief America bought down the twin towers, or the informed view you gave about climate change.
* I don not look at the science I believe what I see around me*
Is matched by you, failing to understand the GFC and our current position in the world of finances.
Mate, you have no clue.

579 said;
The more pertinent question is what the government will do with all
the money it raises from issuing bonds that it doesn’t need.
A nice problem for any government to have.

Oh that is easy to answer, it will pay the interest and pay out the
maturing outstanding bonds. Then it will sell more bonds to make up the
difference.
579 & others seem to think that when you sell a bond that is the end
of it you just spend the money.
Well, a bond is money owed to someone, and they want interest and they
want their money back as well.

To paraphrase Crocodile Dundee:

That's not a debt clock.

This is a debt clock:

http://www.usdebtclock.org/

Don't forget the importance of each citizen's share (select convert to USD and scroll down to the figures if necessary):

http://www.nationaldebtclocks.org/debtclock/japan

Yes interesting Trevor, with about 1/3 the population Japan has about
2/3 the US debt.