Posted via email from jasonmuirhead's posterous
Thursday, August 13, 2009
Aussie Public Debt Accrual
I enjoy the works of 10,000 pennies on YouTube. His explanation of large numbers and highlighting the issues in "political math" are interesting. The video above is a particular favourite, so much so I've tracked down the data to do a version for Australian national public debt. For comparison purposes I've normalised the gross debt for inflation. Like 10,000 pennies I have not considered the GDP (an indicator of the ability to pay back the debt) nor net debt, as the Australian Federal Government lends money to the states and thus the federal government is at times a middle-man to the state's debt. While ours (Australia's) debt accrual is not at as dramatic as that for the US, I have been surprised in a few places. Now that I've done the number crunching, I need to come up with the route across the country to make the presentation interesting.
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