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[Posted on : 2014-09-12 by Leon] Huh?! What words did I put in your mouth?FWIW, Im perfectly rleaxed about government debt in Australia. I have no arguments with you there, and Im amused as you are at the Libs working themselves into a lather about government debt.When you say the household sector is a net saver ATM, do you mean households are now living within their means and paying down debt? If so, isnt that evidence of the deleveraging process Steve has been banging on about for years? After all, its not the expansion in credit that does the damage to the economy, its the deleveraging that follows.Sure, its not a big problem in Australia (yet) but its already happening in the US .

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