Quote:
Originally posted by drew
Yes it's five years ago. It got bigger, sorry.
My point is
US foreign debt is US$862 billion
Australia's is US$222 billion
Let me guess what is worse, after you compare the size of both economies LOL
And we are talking about US$222 billion not Aus$.
What is it? About 500 billion Aus$?
And of course your gov. will put it nicely to you, they will not say "We owe so much money and we are in deep shit" LOL
Bye
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Because the government doesn't owe it dipshit or are you illiterate? The vast bulk of that is corporate debt.
Also, the US national debt is 6.2 trillion dollars. We aren't just talking foreign debt here. Don't try to make your situation look better than it is.