OCT 25, 2013
Australia has just decided to raise their ‘Debt Ceiling’ from 300 billion dollars, to 500 billion dollars. We can only commend Treasurer Joe Hockey for learning from the recent debacle in the USA, and pushing the inevitable repeat rinse of Australia’s Debt as far into the future as possible…hopefully after he has clocked out.
But as monetary historian Michael Maloney points out, while that may be good news for Joe Hockey, the result isn’t so great for the Australian people…who should be outraged. Watch the video for more.