NAB chief says we have a debt problem

[Jovial_Monk]

We have a debt problem, says NAB chief

Cameron Clyne says we ought to issue debt and divert it to infrastructure.
The head of one of Australia's biggest banks has slammed the quality of debate about debt in this country, labelling it ''very immature''.

National Australia Bank chief executive Cameron Clyne said we had a ''unique window'' as a AAA-rated country to issue more government debt to fund desperately needed infrastructure.

''Australia has a debt problem: we don't have enough,'' Mr Clyne said on Thursday.

''If we continue to have the debate that suggests that all debt is bad, and not a debate on the productive use of debt, we will simply not be able to fund the infrastructure this economy needs to thrive into the future.''

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So now is a great time to roll out a FTTH communications network! One we desperately need! Lots of work needs to be done on rail and ports and in Qld the fact of more frequent floods due to AGW should see roads redesigned, more flood mitigation dams built etc. A flood mitigation dam either has to empty itself after the flood is over and if the water is to be used for irrigation etc—the water needs to be drained into holding resevoirs.

[IQS.RLOW]

He's talking about real infrastructure, not the ALP fanbois entertainment system.

[Rorschach]

Well the guy is a goose because this is not true...

''If we continue to have the debate that suggests that all debt is bad, and not a debate on the productive use of debt, we will simply not be able to fund the infrastructure this economy needs to thrive into the future.''

No one is suggesting that at all... GOOSE!

Under the Rudd and Gillard governments we've had a massive investment in waste.