The
misinformation campaign being run by the Liberal Party and sections
of the media about the Australian economy.
Let's have a debate on the economy, for sure, but let's make sure we stick to the facts.
This morning it continued with a beat up in the tabloid press misrepresenting Australia’s modest debt.The fact is Australia’s net debt is dramatically lower than the net debt levels for every single major advanced economy.
Our current net debt is 10 per cent of GDP, compared to around 80 per cent for the USA and the UK, and around 35 per cent for Canada.
Labor made a choice to support local jobs during the GFC, a choice many countries around the world didn’t or couldn't make. They will be paying a very high price for many years.
Australia's debt is so low, it has the rolled gold triple-A rating. Interest rates are low and our economy is the envy of the industrialised world.Listening to the Liberal Party you’d think they hadn’t voted against the measures that kept Australia out of recession in the darkest moments of the GFC.
It's fair to say that if the Liberal Party had their way we’d have gone into recession, more Aussies would be out of work and we’d have higher debt.
Let's have a debate on the economy, for sure, but let's make sure we stick to the facts.
This morning it continued with a beat up in the tabloid press misrepresenting Australia’s modest debt.The fact is Australia’s net debt is dramatically lower than the net debt levels for every single major advanced economy.
Our current net debt is 10 per cent of GDP, compared to around 80 per cent for the USA and the UK, and around 35 per cent for Canada.
Labor made a choice to support local jobs during the GFC, a choice many countries around the world didn’t or couldn't make. They will be paying a very high price for many years.
Australia's debt is so low, it has the rolled gold triple-A rating. Interest rates are low and our economy is the envy of the industrialised world.Listening to the Liberal Party you’d think they hadn’t voted against the measures that kept Australia out of recession in the darkest moments of the GFC.
It's fair to say that if the Liberal Party had their way we’d have gone into recession, more Aussies would be out of work and we’d have higher debt.
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