Tom Elliott outlines three reasons why you should care about Australia’s skyrocketing debt

Tom Elliott has outlined three reasons why Australians should care about the country’s skyrocketing debt, which will soon hit $1 trillion.

The 3AW Mornings host referred to former Treasurer Peter Costello, who was able to pay down the federal government’s debt to zero back in 2006.

“This is something that should concern us … it should concern both the government and the opposition, but it hasn’t,” he said.

Press PLAY to hear the three reasons why you should care as debt nears $1 trillion in Australia

“We didn’t use to have any government debt in this country, now we have heaps.”

Chief Economist at AMP, Dr Shane Oliver, told Tom Elliott the federal government debt is certainly concerning, but doesn’t think Australians should be alarmed just yet.

Press PLAY to hear him explain

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