Australia in crisis as national debts hits $1 trillion for the first time in history
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Australia in crisis as national debts hits $1 trillion for the first time in history
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News24 host Peta Credlin reacts to the national debt surpassing $1 trillion and says, “do not get used to numbers like this”.
“$1 trillion is a massive amount of money. If it was just money, that would be one thing, but it's more than that. It’s debt. It’s debt we owe as a nation. It’s debt that we borrow from overseas. It’s debt that we have to service by spending billions on interest,” Ms Credlin said.
“Before the government can spend money on the essential services that we have a right to expect as taxpayers.”
“$1 trillion is a massive amount of money. If it was just money, that would be one thing, but it's more than that. It’s debt. It’s debt we owe as a nation. It’s debt that we borrow from overseas. It’s debt that we have to service by spending billions on interest,” Ms Credlin said.
“Before the government can spend money on the essential services that we have a right to expect as taxpayers.”
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