On Thu, November 6, 2014 3:36 pm, Peter Ross wrote:
And a T-shirt is a Norwegian jumper.
http://www.oecd-ilibrary.org/economics/government-debt_gov-debt-table-en
OECD (developed countries) average 2013: 109.5% Australia: 33.1%
Second lowest world-wide behind Luxembourg.
Speaking of Norway, they have the unusual problem that they're too rich - part of that was because they have an equivalent of the mining tax at 78 percent of superprofits. Their public sector has so much money that it's a problem (the OCED link doesn't include that I believe because it's held as a separate trust). "Our biggest challenge is that our oil wealth is so huge we run the risk of wasting it on substandard projects that are not profitable enough." http://www.abc.net.au/news/2013-09-08/norway-has-problem-of-too-much-money-a... "Everyone in Norway became a theoretical millionaire on Wednesday, in a milestone for the world's biggest sovereign wealth fund that has ballooned thanks to high oil and gas prices." http://www.abc.net.au/news/2014-01-09/all-norwegians-become-millionaire-shar... -- Lev Lafayette, BA (Hons), GradCertTerAdEd (Murdoch), GradCertPM, MBA (Tech Mngmnt) (Chifley) mobile: 0432 255 208 RFC 1855 Netiquette Guidelines http://www.ietf.org/rfc/rfc1855.txt