Showing posts with label Gov't borrowing. Show all posts
Showing posts with label Gov't borrowing. Show all posts
Thursday, September 3, 2026
John MacDonald: It's like getting a bank loan to pay the pocket money
Labels: Gov't borrowing, John MacDonaldNine billion dollars a year. $750 million a month. Or $24 million a day.
That’s how much interest we are currently paying on government debt. Just the interest.
But, despite that, the Government thinks it’s a good idea to borrow more money to cover the cost of the revenue it’s not going to get because of the fuel tax freeze.
Subscribe to:
Posts (Atom)
