Trillion dollar debt bomb to double to fund major spending as borrowing costs rise, Stephen Anthony on ABC News, 24 March 2022

With government debt hitting a trillion dollars in coming years, what’s being done to pay it down before global interest rate rises push up borrowing costs? Macroeconomics Advisory’s Chief Economist Stephen Anthony joins the ABC’s Peter Ryan to warn the debt bill could double to $1.7 trillion by 2032-33 to fund spending on defence, the NDIS and unfunded superannuation liabilities for public servants.