Debt problems have been more or less off the economic (and for that matter, political) agenda since 1996. Readers will remember at the time of that election, the then Shadow Treasurer, Mr Costello, alerted us to what he called the Labour "debt truck". His specific promise at that time was to lighten its load. For the record, the truck has been loaded with significantly more debt since 1996. Today it stands at A$331 billion, compared with A$194 billion at the end of Labor’s term in offi…
