Kirk Greene: Will America’s Borrowing Binge End Like the ‘Unsinkable’ Titanic?

Kirk Greene: Will America’s Borrowing Binge End Like the ‘Unsinkable’ Titanic?

Let’s play a little game. Assume you run a small local bank. You’ve worked with Bob, a small local business owner for many years. You made a small loan to Bob to start his business, and several other times to help him expand. All loans were paid on time with no drama — and you gave Bob very attractive interest rates on the loans as a really good customer. But over the past few years, Bob’s business isn’t quite as profitable, and his debt load ha…

How low rates fuel Victoria’s borrowing binge

In this article, Adam Creighton contextualises and disseminates the IPA’s research on Victoria’s debt. Maybe if, or when, a Liberal premier ever comes to power on Spring Street, he should “do a Jack Lang” and refuse to pay back some of Victoria’s burgeoning public debt. That might sound crazy but it takes two to tango. Labor’s destructive borrowing binge, much of it brought about by insane Covid-19 policies and building vast and dubiously benefi…