Australia on Road to Ruin

Without a fundamental change in Government policy, Australia is rushing headlong into financial chaos. Government debt is currently more than $500 billion and there are no signs of firm Government plans to reign in spending. The country would be in better shape now if politicians had been prudent and put aside billions of dollars during the mining boom into a national capital fund or into the Reserve Bank. As it is, we are a basket case and things will only get worse with current policy settings.

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