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		CTDOCodebases on June 13, 2023 \| parent \| context \| favorite \| on: Do high interest rates fix high inflation? It’s not malevolence though. It’s incentives. Therefore Hanlon’s Razor does not apply. The debt has to get paid somehow in order for the government to meet its ongoing financial obligations.

juve1996 on June 14, 2023 [–]

Is Australia currently not meeting their debts or at risk in the short term future of not?

CTDOCodebases on June 14, 2023 | [–]

You haven’t defined short term but I will say no.

When I say ongoing obligations I am referring to welfare and Medicare.

EDIT:

Australian debt to GDP:

https://tradingeconomics.com/australia/government-debt-to-gd....

For a US perspective see below:

https://uscmarshallweb.s3-us-west-2.amazonaws.com/assets/upl...

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