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Ryan Bridge: We need economic headroom
I've seen a lot of commentary in the past few days about our government debt position.
We're up over 40% of GDP - that's doubled on pre-Covid.
There are those on the left who say that's too little. We should borrow more. Forget a debt ceiling, borrow more and throw it at the public service and create some jobs - any jobs.
This is what Carney is doing in Canada. His budget would double Ottawa's debt to $80-odd billion.
They've got Trump tariffs and weak domestic demand, so, he's getting out the deficit and trying to revive it.
Make no mistake, if a Labour-led government were to get in, that is…
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