A very interesting segment from the article “The lighter side of lawmaking”, published in the Alice Springs News on 11 August, 2011, is repeated here.
Shadow Treasurer John Elferink says under Labor, the Territory’s net debt has blown out to $6.7billion, including liabilities. A dollar coin weighs 9 grams, is 25mm in diameter and 3mm thick. There are 111 dollar coins in a kilo, 111,111 in a tonne.
He says the Territory’s debt takes on mind-boggling proportions. ALEX NELSON gives his calculator a work-out.