The Cupboard is Empty?

Government Debt Level to Hit $500bn

A recent article in the financial review 11th December, mentions the level of Government debt and how is has escalated.

Is goes on to talk about Qantas and Holden and is this the cause of the Government reluctant to help.

It is my though we may see interest rates on hold for some time yet. If we can not reduce or see a decline in of this Debt, there may be little chance of the RBA to lift rates. As mortgage holders, when making decisions on interest rates and loans, collect information to help you decide.

Full story in this link.

http://www.afr.com/p/national/government_debt_level_to_hit_bn_PRo068aWA2N0jpvC0oJytO