Shadow Minister,

The stimulus got us here:

http://www.abc.net.au/news/linkableblob/3727694/data/possum-graph-8-government-debt-as-gdp-data.jpg

And here:

http://www.smh.com.au/business/the-economy/aussies-the-worlds-richest-people-credit-suisse-20131009-2v7qy.html

"Australians remain the richest people in the world, by one measure at least.

The median wealth of adult Australians stands at $US219,505 ($233,504) - the highest level in the world, according to the Credit Suisse 2013 Global Wealth Report, released on Wednesday."

Hockey's confected crisis was merely a battering ram to obtain govt and unleash mayhem on our society.

He and his cohorts are spivs.

You may be interested in Michael Pascoe's take on the CoA

http://m.canberratimes.com.au/business/comment-and-analysis/why-the-audit-commission-is-wrong-on-its-biggest-call-20140502-37laq.html

Paul, I don't understand !
The Greens have been calling for taxes on the rich and now you have
one coming you are protesting !

The mind boggles.

Poirot's rhetoric is amazing.

the highest level in the world
Poirot,
That automatically puts australian debt as the highest also. Great figures indeed.

individual,

"That automatically puts australian debt as the highest also. Great figures indeed."

I see you went to the same school as Eleventy Joe.

Private wealth is "not" public debt.

I like this one.

"Australia Considers Cuts to Rein in Second-Smallest Debt"

http://www.bloomberg.com/news/2014-05-01/australia-considers-cuts-to-rein-in-second-smallest-debt.html

"Sean Keane, an Auckland-based analyst at Triple T Consulting and the former head of Asia-Pacific rates trading at Credit Suisse Group AG, wrote in a note yesterday. “The fiscal impact of government activity on the Australian economy is likely to be more contractionary than expected for the next couple of years, further reducing the need for the RBA to move interest rates higher.” "

"Australia is one of just nine countries with a AAA credit score from all three major ratings companies and its fiscal position remains stronger than most other developed nations."

.......

individual,

"That automatically puts australian debt as the highest also.."

Second smallest of developed counties with a fiscal position remaining stronger than most other developed nations.".

Lol!

Poirot, please show him some sympathy. He's not too bright, and we don't want him gaining an inferiority complex.