How long to settle the debt?

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Presenter Madonna King interviews Melbourne Business School’s Associate Professor Mark Crosby. She asks how long the Federal Government debt will take to pay off assuming it does not go higher than $70 billion dollars. Professor Crosby says that the rumour is that the deficit will last for five or six years, so it wont be paid off any time soon, and adds that the real question is not what this years' Budget deficit is, but what the next one will be. …   [Read Full Text]