The current generation of politicians have had their taste and now they can't put it down.
8 State parliamentary #Treasurers keeps increasing State Debts almost equivalent to the federal overspending deficit debts yet the #rba Governor continues to remain silent on the effect the combined debt is having on inflation and their #monetary policy. Is it not time the Reserve Bank of Australia with its fancy new board not show some initiative and invite all state & territory #Treasurers to a monthly forum to discuss how their spending is affecting the overall economy and #privatesector ability to generate extra taxation events?
Automation Engineer - On Long Leave
4moA lot of money was printed to cover the controversial covid 19 expenses. It is not surprising debt is too high.