The Forum > General Discussion > Saving the Country by Saving the Coalition
Saving the Country by Saving the Coalition
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"Aidan,
Poirot is wrong, I think the catastrophe Hasbeen refers to is the enormous government debt that labor ran up."
That would be the debt from the stimulus that gave us the AAA rating from three agencies and one of the lowest debt to GDP ratios of economies in the OECD.
Not to mention that most the countries (especially European) that opted for austerity in the wake of the GFC ended up in recession....that would be the recession that Australia didn't have.
http://www.abc.net.au/news/linkableblob/3727694/data/possum-graph-8-government-debt-as-gdp-data.jpg