@asifimtiaz29 Necessary maybe but when 'tough' keeps landing on the same people while the $1T debt bill grows quietly in the background, you have to ask: necessary for whom? ๐ค
๐จ JUST IN: RBA raises cash rate to 4.35%.
All 3 cuts from 2025? Wiped out.
Inflation? Back to 4.6%.
National debt? Approaching $1 trillion.
We've gone nowhere, except backwards.
#RBA#InterestRates#AusPol#AusDebt
@uroy23 Nailed it. Rate hikes are a blunt instrument. They treat the symptom, not the disease.
No productivity, no real growth. Just musical chairs with debt. ๐ถ
Fair point, savers do benefit, and that's genuinely good for them.
But for the ~1/3 of Australians with a mortgage, it's a different story. And with nearly $1 trillion in national debt, higher rates mean billions more in interest the taxpayer foots the bill for.
Not a win for everyone. ๐
Every Australian owes $34,610 toward the national debt.
Your share. Your kids' share. Your newborn's share.
A$967 billion and rising - nearly $1 trillion in national debt.
When did we stop caring about this? ๐
#AusDebt#Australia#FederalBudget#AusDebtClock#AustralianDebt
๐จ What is Australiaโs National Debt?
Itโs the total money our government has borrowed because it spends more than it collects in taxes year after year. Every dollar is real debt that must be repaid with interestโฆ by taxpayers.
Right now the live clock shows over $997.6 billion ($997,628,004,220 - Live๐ด) and itโs rising by millions every single day.
This isnโt abstract. Itโs your future taxes, your kidsโ taxes, and a growing interest bill that already rivals major public services.
Wake up. Track it live: https://t.co/4LTv6HpMBt
#AusDebt #NationalDebt
๐ข AOFM Update Today!
The Australian Office of Financial Management will release the latest official Australian Government Securities data shortly.
Current total on issue (as at 17 April 2026): $997.0 billion ๐ฆ๐บ
Stay tuned.
Iโll post the fresh numbers the moment they drop! ๐ https://t.co/4LTv6HpMBt
#AOFM #AustralianDebt #GovtSecurities #EconomyAU
๐จ LIVE: Australia's National Debt just hit $998,034,915,980 ($0.998 Trillion)!
๐ธEvery Australian now owes $35,693.
Itโs growing every second. ๐
Follow @AusDebtClock for daily updates ๐ฆ๐บ #AusDebt#DebtClock#AusEconomy
๐จ LIVE: Australia's National Debt just hit $997,661,749,732 ($0.998 Trillion)!
๐ธEvery Australian now owes $35,693.
Itโs growing every second. ๐
Follow @AusDebtClock for daily updates ๐ฆ๐บ #AusDebt#DebtClock#AusEconomy
๐จ LIVE: Australia's National Debt just hit $997,288,475,387 ($0.997 Trillion)!
๐ธEvery Australian now owes $35,693.
Itโs growing every second. ๐
Follow @AusDebtClock for daily updates ๐ฆ๐บ #AusDebt#DebtClock#AusEconomy
๐จ LIVE: Australia's National Debt just hit $994,942,129,615 ($0.995 Trillion)!
๐ธEvery Australian now owes $35,591.
Itโs growing every second. ๐
Follow @AusDebtClock for daily updates ๐ฆ๐บ #AusDebt#DebtClock#AusEconomy
๐จ LIVE: Australia's National Debt just hit $994,826,564,684 ($0.995 Trillion)!
๐ธEvery Australian now owes $35,591.
Itโs growing every second. ๐
Follow @AusDebtClock for daily updates ๐ฆ๐บ #AusDebt#DebtClock#AusEconomy
๐จ LIVE: Australia's National Debt just hit $994,651,489,980 ($0.995 Trillion)!
๐ธEvery Australian now owes $35,591.
Itโs growing every second. ๐
Follow @AusDebtClock for daily updates ๐ฆ๐บ #AusDebt#DebtClock#AusEconomy