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Today's quote:

Saturday, April 16, 2022

The Debt Clock is ticking

Click here for the Debtclock


If the current national debt were divided up, it would be around $25,000 for every man, woman, and child, including those of us - myself included - whose debts are no more than what we swiped onto our VISA-card during the latest shopping spree at ALDI.

The interest alone on this massive debt is nineteen trillion dollars! To put that into perspective, if you paid $1 million in interest a day to help the government pay off its debt, it would take you 2400 years to clear the slate.

And here's the kicker: based on forecasts, by 2025 - in just three years! - the national debt will have climbed to $68,000 for every Australian.

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