Air Ace, the "foriegn debt" is private debt, not government debt. To be fair to Costello, he has really "fire proofed" the Australian economy as much as he can.
- Free market economics, minimal trade barriers, zilch government debt, labor market reform, what more can you ask for except some coal loaders at Newcastle, an inland railway joining Melbourne to Brisbane and water reform in the Murray Darling basin?
Except I forgot opening the skies to anyone who wants to fly here and jettisoning Qantas, and ripping apart Telstra.