Prosperity Oz style

Created: Friday, 07 September 2007 Written by Chato
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Oz has the highest per capita debt in
the English speaking world.

A timely reminder of the actual state of affairs.

Not that John or Peter wish to emphasize this fact.

Household Debt in Australia has reached over one
trillion dollars, equal to more than 160% of
average annual household income! Interest payments
alone on such a sum, paid year after year on top
of direct and indirect taxation, are horrendous!
Not really the debt-free Howardland that John
claimed that he had created.