All In The Same Boat

Posted on Posted in Daily Blog Post

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What is so good about Abbott’s new government? Read the following news and you know what I mean.

Every nation is trying to build up stronger economy based on high debts. It is just a matter of time, ‘confidence crisis’ is going to hit every government left, right and centre with the looming hardships that flow on from a crumbled economy

The Australian government has hiked its debt borrowing limit by two-thirds in a bid to alleviate concerns over a fiscal crisis.

The moves comes just after the U.S. Congress thrashed out a last-minute deal to raise its $17 trillion debt limit last week, following a 16-day partial government shutdown and fears that the world's largest economy could default on its debt.

Read more http://www.cnbc.com/id/101135112

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