Debt

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What's all this debt malarkey about, ay?

DESPITE what the government seems to imply with a catastrophe of debt......
New Zealand Government debt is the 9th Lowest of 34 OECD Countries1...which the IMF says is "low by advanced country standards"2
.......However, our private debt is a MAJOR problem....at around 150% of our GDP3
So our priority should be private debt...........and I'm no fucking economist but....
selling public assets and cutting public spending/jobs best way reduce private debt

Table 1 - Total central government debt as % of GDP
France
80.0
Austria
United States
Ireland
70.0
Netherlands
Spain
60.0
Poland
Germany
Finland
50.0
Denmark
Slovak Republic
Czech Republic
40.0
Canada
Korea
30.0
Sweden
New Zealand
Mexico
20.0
Norway
Switzerland
Luxembourg
10.0
Australia
Chile
0.0
Estonia
2003
2004
2005
2006
2007
2008
2009
2010
Slovenia


1 According government debt as % of GDP, which is the standard measurement. Source: http://stats.oecd.org/index.aspx?queryid=55
2 http://www.imf.org/external/np/ms/2011/032111a.htm at 8.
3 http://www.standardandpoors.com/ratings/articles/en/us/?articleType=HTML&assetID=1245323897285