Kohler Agrees – Barnaby Was Right

2 May

It’s getting embarrassing now.  Not only has Standard & Poors, CNBC, Deutsche Bank, and Barack Obama all agreed that Barnaby was right on US debt.  Now our very own ABC News Finance, ABC Inside Business, and Business Spectator heavyweight, Alan Kohler, has conceded it too.

From ABC’s The Drum, buried within comment about the impossibility of Labor achieving their promised surplus budget next year:

The revenue shortfall will be worsened by a rising exchange rate over the next two or three years as the United States approaches an inevitable fiscal crisis.

Barnaby is right.

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