Mike Hosking: Our debt numbers don't lie

Like so many of these things, a day or so after the big event is when you really get a measure of what is true and what is BS, or spin.

The PREFU was bad news.

The upside of the bad news was the Government argued and, sadly, the too many of the media, who either don’t have time to digest the real numbers, don’t care to digest the real numbers, or don’t know how to digest the real numbers, swallowed the line that there was "light at the end of the tunnel".