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Cameron Waugh
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Australia Raises Debt-Ceiling to Avoid US-Like Crisis; Is the Debt Ceiling the Problem? - Mish - Global Economic Analysis

On the brighter side, Australia's debt would soon evaporate if/when commodities and PM's find their true relationship to fiat. Australia is reasonably well positioned in this respect. The pollies are furiously making trade deals with Asia, i suspect currency swap arrangements also... The Australian government is forced to play both sides at the moment, and i suspect that that is not an easy task.
Hopefully this new government will give greater support to our agriculture and not just mining interests. Have a go Barnaby, have a go mate !

Commented 3833 days ago

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Beginning of the headline :Here's an amusing story courtesy of the International Business Times: Australia Raises Debt-Ceiling to A$500bn to Avoid US-Like Crisis Australia's government is increasing the country's debt limit by two thirds to avoid a potential fiscal crisis in the future, as it is projected to reach the current debt ceiling by the end of 2013. Treasurer Joe Hockey said after a federal Cabinet meeting in Canberra on 22 October that the country will increase its debt limit by A$200bn (US$193bn, £120bn, €1... Read More

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