Greg Jericho
Chief Economy

Host:

“I just want to say there that I’m not sure that anyone at home is feeling that like either of you are being fiscally responsible at the moment, and we’re really concerned about the level of debt we’re going to be leaving our grandkids.”

Well actually they should not be worried at all. Remember that even though we have a lot more govt debt than we did back when Peter Costello was treasury, the interest rate the government pays when it borrows money is lower now.

All investors around the world, think Australia’s debt levels are not only manageable but less risky than they were 20 years ago when there was no debt!