Congratulations Joe Hockey!
At long last, in his budget reply speech at the Press Club today, “Sloppy Joe” finally got around to correctly stating the cost to taxpayers of Usury (interest) on the Federal Government debt:
Though he still chose to use the lowest of those budget forecast numbers – the $12.759 billion for the current financial year, ending June 30.
All the forecast numbers for the years “going forward” .. are higher.
Try about $36.7 million a day Joe.
Or, be even more accurate, by taking the “Total interest expense” figure, which includes (projected) “other financing costs”.
The total usury expense is forecast (!!) to be more like $39 million a day.