Jesus Christ Australia wtf are you doing?

I just looked at your debt to GDP. It's fucking quadrupled in the last 10 years. Ok it was amazingly low at 10% but now it's over 40% and still going up.

Other urls found in this thread:

tradingeconomics.com/new-zealand/government-debt-to-gdp
reuters.com/article/norway-swf/norways-wealth-fund-hits-record-1-trillion-idUSO9N1JH01Q
youtube.com/watch?v=tex-M3rjDWk
twitter.com/SFWRedditVideos

For a developed country 40% is still low

Who cares, free moneiz, We can think about paying it back later in the future.

>thats right goyim, you have to owe money to make money.

how progressive

Quick vote on penile rights

i know but look at that increase

That's what they get for stopping the boats. Dumbasses.

54% poland

40% isn't bad. The United States, China and England all top 100%, Japan is at over 200%.

I know, my point was more about the rapid increase

>Not being in surplus

We had a resources boom and the left wing regimes spent money like crazy, the boom has ended and the bills came in.

The GFC fucked us over big time. Reduced revenues and higher govt expenditure contributed to the rise.

It'll probably level out in the next 5 to 10 years as our revenues increase but who's not to say another GFC will happen?

Just cause we don't want our country full of towel heads like Londonistan

yeah nz is pretty based

tradingeconomics.com/new-zealand/government-debt-to-gdp

Wars ain't cheap.

That's part and parcel of having modern first world cities, which you have decided to avoid having.

New Zealand is basically an Australian vassal state at this point. They don't even have a proper navy, they rely on us for EVERYTHING.

Why is the drinking age 21 in the US. It seems every country across the globe has a drinking age below 21... Is there any scientific explanation on the 21 years drinking age and is there any proof that drinking at an age younger than 18 will harm you?

If the Abos didn't burn down all the forests, Oz would have been USA 2.0.

I think here in Ontario weed is going to be legal at 19.

21 is crazy

kek

You can drink at any age in Aus as long as you have parental consent and are on private (non commercial) property

I wouldn't say we needed a navy (apart from our two boats to transport aid) or even an army since it's pointless for us to fight any war because we'll end up risking it all for putting in a few thousand troops.

Evidence I've seen shows a pretty strong correlation between how young you were when you took up casual substance use and how likely you are to wind up addicted or at least dependent. The suggestion is that the ideal age to begin would be closer to 25 when the prefrontal lobes are about done developing.

But what fun is that? The same numbers show that if you don't start up before your late teens you avoid most of the risk anyway.

The Jews need you to be sober while you are fighting in their army or being indoctrinated in their universities.

underrated

B-b-b-ut at least gays can't marry!

Never been to Perth have you?

"Free" healthcare

It's all part of a desperate bid to stave off recession while praying the US fixes the world economy.

Not just the national debt but the hidden unemployment figures, our dollar has fallen to the point where our real wage growth is -11%, which make sthe debt that much aharder to pay off.

Never been to oz at all. Although it seems like an interesting place to visit some day.

Way too long a flight

We should realistically have taxes as high as Scandanavian countries but we have substituted debt + interest instead of high taxes in the present, they're smarter than us. Our consequences of Socialism will be far worse than theirs.....socialism + interest.

Oh my god don't even get me started on our unfunded liability structure.

I've done those ridiculous 20hr flights before. If it's only once every few years or whatever I can deal.

They stopped shipping Vegemite to the states.

Its the same in much of the US. People only seem to know either (((California))) and (((New York))) laws because they believe what on TV.

that's okay since marmite > vegemite

Lies. A visiting ausfag once brought me a jar of vegemite and it is objectively better than marmite.

what company for the marmite?

yeah nah bru vegimite is superior in taste,as an englishman i admit this

>A Unilever Brand
>MARMITE
>Produced by
>UUnilever UK, Crawley,
>West Sussex,
>RH10 9RQ
>England, UK

Yes, it's right here on my desk next to my battle station.

Would would Australia be like if we did what Norway did with their natrual resources instead of selling them off lads?

11 years of center-right leadership? 9.7% debt-to-GDP. 6 years of Labor? Debt-to-GDP grows by 3-5% per annum.

It takes years to fix this shit and in a parliamentary system, there is no question who was responsible.

Can't say for that brand, Sanitarium marmite is the real deal though.

i ate Vegemite with glass shards in it once.

MADD, many states used to have lower ages until they appeared and politicized everything and DUIs became a giant cash cow for the Justice system.

>we dont need navy
its to late he already in the "Australia can just do that for us we will use there navy"

Yet we can be in surplus, because your politicians are petrol sniffing retards.

40% debt to gdp is fucking nothing, are you retarded? most economists agree that you can go up to 120% without it being a problem, higher if your economy is growing quickly.

We bring in 100,000 chinks per annum to spend money on gucci bags (for the economy!), and now we've figured out that cramming that many people into three cities means you actually need to build infrastructure to cope, which means spending.

But what's good for business doesn't necessarily trickle down to government. Corporations pay a flat 30% tax rate and most can avoid even that with the help of a good team of solicitors. The fed collects the bulk of revenue and divvies it out to state's for infrastructure, so it tends to take on bulk debt.

Their entire economy is being kept on life support by the Chinese who buy up their land. Why do you think an average house in Sydney or Melbourne costs over a million dollars?

I think we're missing the point here.

>A FUCKING LEAF

Krugman pls.

what ever helps your government sleep at night

Becuase you don't need to fund a military (Australia protects you), or do you need a PBS style system (Kiwis flock to Australia for their $30 prescriptions then go home). Just a few of the reasons why your economy is doing better. Let's not talk about the floundering mining boom.

This.
Rather than responsible financial management we had throughout Howard's reign, Rudd undid that in a few short years and we've been stuck with trying to fix it ever since.

When they get to 120%, he'll tell you 150% is totes fine.

>doesn't know what he's talking about
>just posts graphs and acts smug
kill yourself my man

>doesn't know what he's talking about
>just posts graphs and acts smug
that's what this whole thread is

china was at 250% debt to gdp in 2016 by comparison. you don't know what the fuck you're talking about dumbass shitcunt.

>Expecting logic from a sheep fucker.

C'mon man

don't listen to the other burger, he's a little soft in the head.

DON'T BULLY AUSSIEBRO

>anons on Sup Forums don't have an in depth understanding of economics
you're not wrong

So your example of a success story is a country that has to build ghost cities and infrastructure that it doesn't need in order to fuel a growth cycle that, if halted, would mean disaster?

This is like watching entire countries playing jenga.

you're not wrong with that conclusion but the point is we're having fun laughing at numbers here, find a country with bad numbers and join in on the fun u.s.-kun

oddly enough, i've got another economics class tomorrow morning at uni, so i should be going soon. have fun with the bantz though

Kekd

Chinese lending has just been dramatically cut back due to new regulations & direct influence by ASIC over bank policy forcing them to implement their own restrictions as well. Fun times!

>example of a success story
are you so severely fucking retarded that you really thought i was pitching china's debt to gdp as a point for it being a success story? the fuck is wrong with you. i'm letting you know that you know fucking NOTHING about debt to gdp and 250% for china is not really a bad thing because they have high GROWTH you colossal DUMBFUCK.

What else can we expect from a country that mimics America's money printing economy. It spends more than it can produce, and it assumes that incremental debt increases are unnoticeable. Eventually Australia's going to have to find a market to corner aside from mercenarial military services (because that's america's thing), to keep the money prinitng going. Maybe male prostitution, or pest control because those two markets aren't bound by land based trade channels.

thanks u.s., enjoy your class and have a fun day!

any time. I have the day off after class so it should be fun. enjoy the rest of your day new zealand

>selling your country to China

Norway's wealth fund hits record $1 trillion
reuters.com/article/norway-swf/norways-wealth-fund-hits-record-1-trillion-idUSO9N1JH01Q

Rudd was PM during the GFC and Australia coasted through that shit off the back of Rudd's understanding of economics.

wow

soyboy detected

we will see if this ends based on tomorrow's election results

>Rudd's understanding of economics
>handing out billions in gibs to anyone and everyone who asks for it
People were saying the exact same shit about Hugo Chavez, look at Venuzuela now. Socialists never fucking learn.

Fuck off with your agenda, you degenerate scumbag.

Australia has been in an economic bubble for a while. It has a housing bubble, a debt bubble.

Because they're fairly prosperous with such a small population, they might be able to maintain it for some time.

lol, Labor insiders that knifed him admitted that at the time they were so panicked they made a rash, impulsive decision to just do something, without waiting for professional feedback & planning. His own cabinet admitted this.

>Developed Country
>Australia
Poland!

We need a navy to stop the gooks killing whales near NZ
Don't know why we haven't fired missiles at their boats
Our navy is pathetic

...

Gotta keep the migrant and women happy with free stuff! What debt? Of that? We'll pay it off. Just like America.

That list is racist.

they mostly kill whales just outside of NZ and in the artic where we can never reach them, especially since that anti-whaler group (can't remember if it was greenpeace or sea shepherd) has given up

lol ireland does not belong there

they got over weighted cause so many corporations are just hoarding money there

average irish intellectual: youtube.com/watch?v=tex-M3rjDWk

>tied with Canada
prepare the sheep bros

Canada doesn't belong there either.

Who's 11th? They'll probably surpass us.

Ireland is a part of the Anglosphere, so it belongs there.

As you can see, all countries that are in the Anglosphere are there.

>Anglosphere
>Doesn't include UK
m8 I...

Why don't we just supply military grade technology and a warship to sea shepherd?
So they can roam around blowing up gooks

Rudd-Gillard with their non-stop spending, next election Bill Shorten will be elected and spending will rise again

found the latest results, those ones were 2015

updated

Here's the latest ranking