Suburban Scrawl: Our Great Economy:
The Howard Government likes to give the impression that they are fantastic managers of the economy. Yet, since they got in power back in 1996, foreign debt is up 144.6%, credit card debt is up 188.8% and household debt is up 281.2%.
Stuart posts the figures that support the percentages mentioned here. Every bloody time I see Costello get up there and talk about the stable economy, the voice inside my head always responds with “yeh, on the back of record debt”. Now I have the stats to back it up…