The number of times I read and hear comments from people along the lines, “Labor left us with a humongous debt and now the Liberals have to clean up the mess,” is extraordinary, but more importantly, utterly ignorant of the truth. Can we really be that stupid? Yes we can. Yes we are.

When I explain to them the ‘debt’ they are referring to, is actually the ongoing issuance of Commonwealth Government Bonds, Indexed Treasury Bonds and Short Term Treasury Notes, they look at me dumbfounded.

Read mote at: The Australian Independent Media Network