A really huge deficit????

Could some economist please take the time to explain to me just what is this huge amount of debt ($600 billion+) which Treasurer Hockey continually refers to. I don’t remember when this is supposed to arrive – is it 2050 or later? But just how does he arrive at this figure.

And don’t we have a great deal of surplus before then? Aren’t we doing anything during the next 35 years in the way of digging up minerals and growing wool and meat etc? And what is our economy doing during the next 35 years.

Please – a simple explanation that everyday readers can understand.

Advertisements

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 )

Twitter picture

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

Facebook photo

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

Google+ photo

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

Connecting to %s