>>Australia went into the GFC in probably the best condition of any country in the world, no debt and large budget surpluses and in less than 3 years the country is screwed.
Why worry? Australia can dig a hole in the desert and pull out enough valuable minerals to pay off almost any debt. ;-)
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us."
-- Shakespeare: Coriolanus, Act 1, scene 1
