This morning on the news they are reporting that the Australian Treasurer and currently acting Prime Minister of the Nation, gets his economic inspiration from Bruce Springsteen. I have not heard the context of the comment but I have immediately… Read More ›
Australia’s economy
An Alarming Article on the State of Australia’s Nation Debt by Ross Greenwood.
Written by Ross Greenwood Lesson # 1: Why the U.S. was downgraded: * U.S. Tax revenue: $2,170,000,000,000 * Fed budget: $3,820,000,000,000 * New debt: $1,650,000,000,000 * National debt: $14,271,000,000,000 * Recent budget cuts: $38,500,000,000 Let’s now remove 8 zeros and… Read More ›