USA versus Australia

“Look out America! Australia wants to beat you at the dubious record awards. First we stole the title of world’s best per capita greenhouse emitters, then we robbed you of the biggest new homes trophy. Then last month we surpassed the USA in household debt relative to gross domestic product (GDP). Aussie households now owe 100.4% as much as all the goods and services produced in Australia for a whole year (the US is at about 96%).”

I don’t know if I should be depressed or excited or what.


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