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Assistant Treasurer Josh Frydenberg’s figures were taken form the Intergenerational Report, but we should be wary of economic projections that claim to see 40 years into the future. AAP Image/Joel Carrett

FactCheck: was Australia on a debt trajectory heading to 122% of GDP?

Any forecast 40 years ahead is fraught with uncertainty, so we should be wary of warnings Australia was on a trajectory of debt and deficit heading to 122% of GDP.
It’s not all blue skies ahead for the Sunshine State’s economy, with declining gross domestic income per capita and higher unemployment than three years ago. Dan Peled/AAP

Queensland’s biggest economic challenge isn’t debt – it’s growth

Queensland has a new Labor minority government, led by Annastacia Palaszczuk, after the shock defeat of the Liberal National Party. Labor’s pre-election promises were “modest”, leaving many now wondering…
Families with children are hit hardest by the policy. Nick Potts/PA Archive

The benefits cap doesn’t work – here’s why

David Cameron has announced plans to reduce the annual benefits cap from £26,000 to £23,000 per year if the Conservative Party wins the general election in May. He argues that the cap saved public money…
Queensland’s debt: is it sky high, or under control? An economist shows what you need to know to judge for yourself. AAP/Dan Peled

The true state of Queensland debt

How much debt is Queensland really in? How much of that debt can past Labor governments bear responsibility for, and has the current Liberal National government cut or added to it? And how does Queensland’s…
The longing of many debtors. Kirsty Wigglesworth/PA Archive

The question debtors are increasingly asking: do I have to repay?

Despite its role in bringing on the financial crisis, debt continues to plague many of us the world over (just ask the Greeks). In the UK the appetite for debt is undiminished, with the run up to Christmas…
Fast-spinning black holes don’t just exist in space – Queensland’s Liberal National and Labor parties are busy attacking each other’s strategies to cut debt, yet both have been guilty of having black holes in their plans. NASA/JPL-Caltech

Uncovering the black holes in plans to fix Queensland’s debt

Author’s update, January 29: In the week since this article was published (on January 23), Labor has moved to address the funding “black hole” in its plans to reduce Queensland’s debt, mainly by adopting…
Caesars Entertainment argues the credit default swap market is giving at least one holder of its debt a perverse incentive to seek its default. Shutterstock

Bogeyman of credit crisis needs reform to align risks and responsibilities in CDS market

In 2009, US trucking company YRC Worldwide faced ruin as it struggled to restructure its debt. With tens of thousands of jobs at stake, the Teamsters union, led by James Hoffa, accused some YRC bondholders…
Even at major NCAA Division I schools like Alabama, whether or not their athletic programs turn a profit varies by year. Tim Murphy/Flickr

Who actually funds intercollegiate athletic programs?

Parents, government officials, and tuition-paying students are all seeking solutions to the skyrocketing costs of higher education and the burden of student debt. Currently, public universities in America…
Cutting a dash. A 1957 Chevrolet. Randy von Liski

Hard Evidence: are we facing another financial crisis?

Taken at face value, David Cameron’s warning this week about risks in the global economy sounds like it might be wonderfully prescient. Here’s the country’s economic chauffeur, carefully checking his instrument…
How did US student loan debt get so big? Flickr/thisisbossi

Explainer: the US student loan problem and how we got here

The US student loan system is unique in age, size, and scope. Since 1958, the US has had some form of federally sponsored student loan system. Since inception, college and borrowing have become much more…
Angela Merkel has thus far closed her eyes to the need for more spending, at her country’s peril. Reuters

Germany may be the biggest loser if it doesn’t start spending

There’s growing pressure on Germany to spend more to support Europe – and for good reason. But it’s proving to be a hard sell to the country’s leaders. Germany’s budget is balanced and the government insists…

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