Australian debt to hit $1 TRILLION
Feb 26, 2026•Channel
AI Analysis
Data from YouTube Data API v3•Updated Just now
Video Overview
Video Details
Published4 months ago
Duration1:53
Video IDE6PwOugMFY8
Languageen
CategoryNews & Politics
PrivacyPublic
Made for KidsNo
Video TypeRegular Video
Performance Metrics
Views2.2K
Likes706
Comments243
Engagement Rate42.90%
Likes per 100 views31.92
Comments per 1K views109.86
Description
Yesterday's inflation numbers indicate that mortgage holders might be hit with another rate rise soon.
Inflation remains high despite Treasurer Jim Chalmers claiming a year ago it had "turned a corner" downwards.
While Australians are tightening their belt, the government isn't. They are overspending, racking up a trillion dollar debt and pouring fuel on the inflation fire.
Net debt is at $20,000 per every man, woman, child and baby while the government plans to rack up even more on the national credit card.
The waste and abuse of taxpayer money has to end, or we'll end up leaving today's children with a massive debt they will spend their lives paying back.