Originally published in On Line Opinion on May 29, 2013

The Chicken Littles are at it again – scaring us about the level of government debt and the deficits that bring about debt. Gina Rinehart has claimed that the present level of government debt ‘is simply unsustainable’ and that ‘Australia had to take action to avoid following Europe into economic misery’. Ms Rinehart should know all about debt. She is busily trying to raise $7 billion in debt finance for the Roy Hill project.

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