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Old 18th Aug 2021, 02:08
  #7504 (permalink)  
43Inches
 
Join Date: Oct 2007
Location: Aus
Posts: 2,792
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Yes, who knows the effects of home schooling and an already retarded Australian education system, when your grandkids have to compete with the world that saw COVID in a different light? They'll inherit debt and higher taxes too and have seen politicians cowering to extract voter support instead of a genuine way out of COVID.

If our COVID response was genuinely about our children and their futures, we would have had a better response from all.
USA $6 trillion in covid stimulus funding, all debt, another $2-$4 trillion slated to get around $10 trillion USD in debt directly due to covid economic stimulus. That equates to $22,000 to $28,000 USD per capita.

Australia $250 billion AUD in direct economic stimulus, no significant more debt due in forward estimates(due to stimulus that is). That's about $8000 USD per capita. Pretty clear who's kids will deal with more debt.

Those figures don't even factor in direct covid costs such as loss of economic activity and the general cost of health care issues spread out over time, especially for long covid.

The UK meanwhile, is going to be screwed paying for the NHS for the next decade at least, unless they unwind some benefits.

Who has the best balance of trade of those 3 to pay off the debt it incurs?

Last edited by 43Inches; 18th Aug 2021 at 02:21.
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