Bonds on Issue in Australia
- Thread starter millededge
- Start date
millededge
Active Member
Chart pack was released 08.02.17
Borrowing our way into oblivion?
Yup building too many hospitals, schools and roads, plus too much farm subsidies and we should follow Trump and get rid of Medicare.
Don't want to pay for schooling well don't educate the kids
Don't want to spend too much on Medicare, well stop treatment for those who can't afford it.
All roads should be privatised with tolls
No more Handouts to farmers
Stop buying 100billion worth of fighters and warships
I don't agree with most of what I've written here
but even if we take a lot of pork barreling out don't we still need to borrow?
Plus what is the debt per capita?
Don't want to pay for schooling well don't educate the kids
Don't want to spend too much on Medicare, well stop treatment for those who can't afford it.
All roads should be privatised with tolls
No more Handouts to farmers
Stop buying 100billion worth of fighters and warships
I don't agree with most of what I've written here
but even if we take a lot of pork barreling out don't we still need to borrow?Plus what is the debt per capita?
Ipv6Ready said:
Also if government pays for schooling the kids still don't get educated
Ipv6Ready said:
Even government funded roads will be charged tolls in the future.
Sydney's new M4 motor way will be charged tolls even though it is being paid for with the peoples money. So not really sure what NSW government is doing with all the money.
All they seem to do these days is take bribes from property developers and say stupid things like "NSW needs to address property affordability, but we shouldn't remove negative gearing on pre established housing because that will make housing more affordable" :/
Re-looking at this chart, all i can say is bubble!
above are from:
http://www.rba.gov.au/chart-pack/bond-issuance.html#2
http://www.rba.gov.au/chart-pack/bond-issuance.html#2
I remember the days when the Aust Fed Gov't and Telecom (gov't owned then) issued their own bonds to the public being Aussie Bonds and Telecom Bonds
Yes, granted this was long along in a universe far away when interest rates were a tad higher than today, but if the gov't want to fund some specific expenditure please break free of the international banks and markets and start issuing bonds to the general public again. There's talk about super funds looking to invest in gov't infrastructure so why can't the average Aussie do the same. Anyone for "SloMo Bond" paying 2.00%...???
Yes, granted this was long along in a universe far away when interest rates were a tad higher than today, but if the gov't want to fund some specific expenditure please break free of the international banks and markets and start issuing bonds to the general public again. There's talk about super funds looking to invest in gov't infrastructure so why can't the average Aussie do the same. Anyone for "SloMo Bond" paying 2.00%...???
In today's The Australian newspaper they're saying the Australian govt debt is equal to US$21,000 a person. So this is looking good compared to Italy's US$58,000 per person.
Australian private debt is the highest in the world.
In the first commercial they were paying 13.75% for them Aussie Bonds, unbelievable. Now pushing excrement up hill to get 2.8%. How things change.
Back in the day in the late 80's / early 90's mortgage rates were 20+% and O/D rates 24%....and I got 14% on my chequer account...... and we all survived.