RE: Why cuts everywhere, regardless of budget, is lunacy
January 17, 2013 at 3:42 am
(This post was last modified: January 17, 2013 at 3:46 am by KichigaiNeko.)
(January 17, 2013 at 3:28 am)Stue Denim Wrote: Using those numbers^
Aus deficit: AUD$ 296 billion
Aus population: 22.6 million
296billion/22.6 million= AUD$ 13,097 per person
1 Aus dollar: 1.05 American.
Aus deficit (in american): $311 billion
Aus deficit per person (in american dollars): 13707.18
deficit and not debt? Must be debt, surely...
This is where it gets confusing Stu. I read deficit of GDP=Gross Debt, and think that the news articles I got those figures from think the same. I am no economist and according to world standards Aussie "Debt" is laughable low (I think we rated 12th spot globally) Can find the news article if you are interested ...
Here we go...
http://www.watoday.com.au/opinion/politi...2ctw9.html
Figures from Barneby Joyce here...
http://www.watoday.com.au/opinion/politi...2csoy.html
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