* In 2017 our Nation is in debt for (Approx) FIVE HUNDRED BILLION Dollars. THAT’S $500,000,000,000.
* In 2017 Australian tax payers are paying (Approx). ONE AND A HALF BILLION DOLLARS A MONTH interest payments on our Nation Debt. THAT’S $1.5,000,000,000WEEK interest
payments on our Nation Debt. THAT’S $1.5,000,000,000
* In 2017, the unemployment rate is (Approx) SIX Percent of the workforce.
That means there is Approx 800,000 ( EIGHT HUNDRED THOUSAND ) people looking for work already.
* In 2017, Australia has a serious issue of people living on the street, because they have “fallen through the cracks” ( so to speak ).
* It is my Firm opinion, that AUSTRALIA SHOULD NOT BE IMPORTING REFUGEES FROM ANYWHERE AT THIS TIME,
until at least we get our own affairs in order.
The market rate for the 10 year Treasury bond ( 2015 ) is currently about 3.7 per cent a year. Using HSBC chief economist Paul Bloxham’s “back-of-the-envelope” method,3.7 per cent of $500 billion gives an annual interest bill of $18.5 BILLION, or $1.5 BILLION per month.
* That could build us a new Hospital, AND a new School every week, AND reduce Taxes.