The US debt ceiling is a form of self-delusion: a limit imposed on a borrower by the borrower itself. Australia had one until the Coalition and the Greens abolished it.
Governments are spending at unprecedented levels. Where does this money come from, and are governments saddling young people with too much debt?
These are our most-read business and law stories of 2020.
With the government taking on record debt in a bid to pull Australia out of recession, infrastructure-related spending must be carefully managed, says UNSW Business School.
The Australian federal Government has announced multiple billion dollar stimulus packages as well as quantitative easing. But where is all this money coming from and who is going to pay for it?
Nothing is certain except for death and taxes. And even after death, taxes are one of the first liabilities to be paid off, but what about the rest of your debts?
Employment rising, consumer spending growing but wages are still stuck. Therein lies the problem for the Reserve Bank of Australia, writes Richard Holden.
Some seem to think the RBA is bullish on growth, but reading between the lines it seems to be hedging, writes Richard Holden.
Students with large education debts may not be willing to work in government or not-for-profit sectors without additional support, write Richard Holden and Rosalind Dixon.
We can’t expect the budget to be a perfect predictor of debt and deficits – not even one year ahead. But we should at least make sure we’re not conned by the treasurer, or commentators, writes Richard Holden.