Wasted $17bn a year could solve many problems: Bernardi

August 13, 2018

The Turnbull Government's debt is blowing out at an alarming rate but Conservative Party leader Cory Bernardi's attempt to staunch the economic bleeding was blocked today by the Senate.

Senator Bernardi moved to impose a debt ceiling on federal government spending which currently sees Australia owing more than $500 billion.

Senator Bernardi told the Senate, the government's debt clock is ticking away with $488 added to the national debt every second of the day. 

On top of that, there's another $561 every single second in interest on the debt that's already been accumulated.

The $17 billion in annual interest payments alone could be deployed to solve crises in health, energy or farming if we got serious about getting back in the black.

To see the federal government's debt clock, click here.

To find out more about our policies, click here.

To subscribe to Conservative Party leader Cory Bernardi's free, weekly podcast, click here.

To donate to the Conservative Party, click here.

To join the Conservatives, click here.

Become a Member

Join the fight to restore conservative principles to the forefront of Australian politics.

Click here to join our party.

Quick Donate

Chip in $5 and become an official supporter of our conservative movement!

donate

Subscribe

Join the fight to restore conservative principles to the forefront of Australian politics.