Skip to content

July 5, 2016

1

The Myth of Inter-generational Debt

by John Kelly

grandpa-reading-to-kids-intergeneration-tiThe Commonwealth government gross national debt, which currently stands at $421 billion is not debt in the true sense of the word. When the government borrows, it issues Treasury bonds and only accepts payment for those bonds in Australian dollars, not US dollars, not Pounds or Euros.

Read more at: The Australian Independent Media Network

Advertisements
1 Comment Post a comment
  1. 1petermcc
    Jul 12 2016

    Hi John,

    I like the way you give a quick summary then link back to the AIM Network. I must pinch that technique myself.

    Really enjoy your regular contributions by the way. It gives me home for Aussie Democracy.

    Cheers
    PMc

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Note: HTML is allowed. Your email address will never be published.

Subscribe to comments

THE VIEW FROM MY GARDEN

Political and Social Commentary

Think Left

The purpose of Think Left is to present a view of politics from a left-wing perspective.

Round The World in 79 Days

Melbourne . Auckland . Houston . Orlando . Washington DC . New York . Madrid . Malaga . Barcelona . Geneva . Brig . St. Moritz . Paris . Brussels . Berlin . Pragua . Budapest . Zagreb . Ljubljana . Venice . Koto . Corfu . Valletta . Catania . Naples . Rome . Brindisi . Bangkok . Tokyo . Mt. Fuji . Kyoto . Hiroshima . Melbourne

The Mugwump Post

Australian Politics

Unions. Politics. And stuff.

Tracking Abbott's Wreckage

The AIM Network

The Australian Independent Media Network

The Extinction Protocol

Geologic and Earthchange News events

The Obama Diary

President Barack Obama ... photos, videos & a word or two

Spinthedoctor

Turning the tables on spin

%d bloggers like this: