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The rates need to go lower: government debt is too expensive to service at these rates.
by jhallenworld 3y ago
The rates need to go lower: government debt is too expensive to service at these rates.
- bequanna 3y agoGood! Govt debt growth needs to slow. Too much money spent by govt is being wasted on undeserved transfer payments, creating do-nothing jobs and has been a huge contributor to inflation. Real efficiency is falling because of overspending in the public sector. Fewer people making things everyone wants in the private sector and more people with govt jobs digging holes and filling them in creates inflation.