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Chalmers insists he’s good economic manager as debt hits $1t (thenightly.com.au)

submitted 1 week ago by T4peMeasure@aussie.zone to c/australianpolitics@aussie.zone

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i'm not an expert in politics, but a $1Trillion debt cant be good..? 🙏 🙏

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[–] joelfromaus@aussie.zone 0 points 1 week ago (1 children)

Without concrete plans to cut government spending or privatise assets to reduce the reliance on borrowing, politicians at the Federal and State level are putting even more spending on the credit card and leaving Australian taxpayers to pay the soaring interest bill.

Emphasis mine.

No matter the size of the debt, mentioning privatisation instantly makes me wish you get an incorrect bill from your electricity retailer that you fight for 3 months to only get a $50 credit. Shit idea.

[–] MisterFrog@aussie.zone 0 points 1 week ago

100%. Privatisation costs us all collectively way more in the long run.