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Australia's government debt is approaching unprecedented levels, and when senators pressed officials to account for ballooning debt and nearly 20 consecutive years of deficits, the response was deflection. This video walks you through the numbers that reveal how we arrived at this point and what it means for your financial future. Understanding budget deficits, government spending trends, income tax policy, and Australia's economic trajectory is essential for property investors, workers, and anyone planning their wealth strategy in the current environment. ➡️ Timestamps: 00:00 - Intro: Australia's Debt Reality 01:55 - Why Deficits Have Become the New Normal 04:50 - Reckless Spending Exposed in Parliament 08:25 - Who Pays for Government Debt 11:00 - Government Defence When Questioned 12:51 - Conclusion: What This Means for Your Money #debt #Australia #tax