Australia’s Debt Tops $200 Billion After Government Borrows $100 Million Per Day – Jamie McIntyre
On Friday our nation’s debt went over $200 billion for the first time ever. We borrowed $3.2 billion over the last week.
Our debt ceiling was $75 billion when the current party got into government. On 11 March 2009, “special circumstances” warranted an increase to a “temporary” level of $200 billion. The last budget saw the government increase it permanently to $250 billion.
If we keep borrowing money like we borrowed last week, we might be able to give this latest ceiling a nudge.
This ignorance and recklessness has got to end. Ongoing debt cannot sustain our country’s needs forever.
The government has increased our gross debt by $140 billion since they came to office in November 2007.
Having been in government for 1371 days, they have therefore borrowed over $100 million per day.
With 12.3 million taxpayers in Australia, this government has borrowed an extra $11,000 on behalf of each of them.
Ignorance is not bliss. We need to be asking the real, hard questions – What have we got to show for this debt? Apart from some new school sheds costing $16billion which haven’t improved our children’s education one bit, and batts in roofs to increase the chance of house fires.
Sure stimulus is necessary in a Credit Crisis.
Not blatant waste and mismanagement of tax payers’ money.
By falling further and further into debt, are we really assisting our nation and the future of Australia?
Yours in Health, Wealth & Prosperity,
Jamie McIntyre.
Jamie McIntyre is the founder of the 21st Century Group of companies and CEO of 21st Century Education. He is also author of the bestselling book ‘What I Didn’t Learn At School But Wish I Had’, successful entrepreneur, investor, sought after success coach, internationally renowned speaker and world-leading educator.
In search for a ‘real-life’ education that would teach him the strategies to excel in the 21st Century, Jamie travelled the world meeting and learning from some of the best educators and leaders on the planet. He invested over $100,000 within a 3-year period to access people who had produced outstanding results in different aspects of their lives and studied through seminars, personal mentors, interviewing successful people and researching hundreds of books.
Through this extensive research Jamie was able to completely transform his life in a period of only 3-5 years. From being $150,000 in personal debt, he became a self-made millionaire whilst still in his twenties, founding several companies, massively improving his health and importantly his relationships to live his dream life.
Jamie was able to model and learn from multi-millionaires, entrepreneurs, investors and even highly acclaimed success coaches such as Anthony Robbins, world-renowned economists and presidential advisor Paul Zane Pilzer, leaders such as General Norman Schwarzkopf of Desert Storm, Marketing Guru Jay Abrahams and world leading entrepreneurs such as Sir Richard Branson.
After producing outstanding results in many areas of his life, Jamie decided to fulfill a promise he made to one of his personal mentors, that after successfully transforming his own life, he would pass this education on to others, and so the 21st Century Group was born.
An active philanthropist, Jamie has donated millions of dollars to delivering a 21st Century Education nationwide. He is also the founder of 21st Century Charity which supports charities such as the Australian Red Cross, World Vision, Breast Cancer Network Australia, Make-A-Wish Foundation, Starlight Children’s Foundation Australia, Canteen, Basket Brigade and lots more.
Jamie now resides on the on the Gold Coast, Australia and while he continues to live out his dream lifestyle, he is still extremely passionate about making a ’21st Century’ education available to everyone worldwide.
Jamie McIntyre is CEO of 21st Century Education, a self-made millionaire, highly sought after success coach, speaker and educator and author of best-selling title \”What I Didn\’t Learn at School But Wish I Had\” http://www.jamiemcintyre.com http://www.21stcenturyeducation.com.au
Jamie McIntyre is CEO of 21st Century Education, a self-made millionaire, highly sought after success coach, speaker and educator and author of best-selling title \”What I Didn\’t Learn at School But Wish I Had\” http://www.jamiemcintyre.com http://www.21stcenturyeducation.com.au
Author Bio: Jamie McIntyre is CEO of 21st Century Education, a self-made millionaire, highly sought after success coach, speaker and educator and author of best-selling title \”What I Didn\’t Learn at School But Wish I Had\” http://www.jamiemcintyre.com http://www.21stcenturyeducation.com.au
Category: Politics
Keywords: Australia, australia debt, australian debt, australian government, debt, debt ceiling