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Conversations, with Peter Costello AC, Former Treasurer of Australia

John Anderson: Conversations

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The Cost of Borrowing a Trillion Dollars

The cost of borrowing a trillion dollars is going to go from about 10 billion to 40 billion. It's one thing to borrow a trillion dollars as we in Australia, not quite there, but pretty close. We're the people who are opposed paying it off. You know, oh, let's take the benefit of the policy we oppose back then. And that's politics.

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