The nation will be taking a deep breath today as were forced to see some scary numbers that will be compared to scarier times of this countrys life, such as World War II, when Japan bombed Darwin, fought a sea battle on the Coral Sea that laps Townsville and sent a submarine into Sydney Harbour! (When that happened my Mum and Nan hid under the kitchen table! Scarier times, indeed.)
These numbers that Josh Frydenberg will highlight today in his budget update statement will be big and the media will use them to shock the living daylights out of you, just as I did in the 1980s when our foreign debt for the first time was so bad that our dollar dipped below 50 US cents.
It was fair to shock my readers in The Daily Telegraph because it made …
Read the full article at: https://switzer.com.au/the-experts/peter-switzer/dont-worry-about-debt-deficits-and-drama-filled-disasters/