The Australian Independent Media Network

Australia is not an economic basket case and the deficit to be announced in the upcoming budget is not the end of the world. Matthew Donovan reports.

MANY OF THE regulars on Independent Australia, you will know by now I am determined to make sure indisputable facts enter the national debate this election year.

I have recently written about how we are the lucky country and why we are being deceived on debt, but it seems the tendency to revert to gloom about our economy persists.

The facts about our budget – expenses versus revenues – just don’t seem to be cutting through. The fact that we came through the Global Financial Crisis (GFC) stronger than almost any other country doesn’t seem to get a hearing.

I take this opportunity to remind people that Australia was the only country in the developed world not to enter recession between 2008…

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