I think Scott Morrison should let the country know the full extent of creditors that future generations will be required to slave for in the wake of the Morrison Recession.

I hope China isn't on the list because it has the old 'You belong China' attitude.

BTW Talking about the Chinese, what do you think of NSW pollies' cash-for-visa scheme to help Chinese become Aussies?

Makes you wish you were a NSW MP doesn't it. Get in on the action.

There is no problem with the national debt. Joshie Friedbrain and ScumO' Morrison took the parliamentary silverware down to 'Shonky John's Payday Loans' office and put the goodies on hock for a trillion dollars of quick cash @ 16,000% interest, compounding daily! Full repayment, plus interest, comes due this Friday. "No sweat", so said the dynamic duo, we've cut a deal with the Cosa Nostra, if we don't cough up the cash on Friday to Shonky John, our Italian friends will take over the loan and we can pay them back.

A message from the lads; "There is no problem, nothing to be alarmed about, but could anyone living in Tasmania, vacate to the mainland by the end of the month, lots of Italian migrants will be moving in down there shortly".

Paul1405,

I saw something on TV today that got me thinking about going into business as a cash-for-visa consultant for Chinese migrants affiliated with the Chinese Communist Party.

You don't by chance have any contacts in the NSW Parliament?

All confidential and they have to be honest and trustworthy members of the community ........... as usual.

Mr O, I've put something into GY that covers that very subject, hopefully it will get "approved". You never know your luck, you can get your teeth into that one.

Hi Mr O,

Something, much of the Aussie borrowing stems from Arab Muslim oil money, but I dare say the cash rich Chinese could be big bond holders as well.

Back in the 1930's depression Jack Lang (NSW Premier) refused to pay the Pommy bond holders their pound of flesh, wait for it, for debt incurred from borrowings by NSW to fight the Pommy War in Europe 1914/18. The Lang Plan, much like the economic strategy employed today, had its centre piece as spending on public works to stimulate employment and economic activity, feeding the starving, looking after the destitute, nonsense like that. The conservatives, the forerunner to todays Liberal party, branded Lang a Communist for such reckless behaviour, and the Pommy governor of NSW sacked the democratically elected Lang government.

Who Owns Australia’s Debt?
Don't know but I can guess who caused it, Australians !