Australia's debt is just about to reach 1 Trillion dollars, the highest ever

Australia’s high debt that is fast approaching the $1 Trillion dollar mark. This is the highest Australia has seen and the government is facing increasing difficulty in bringing spending under control. So what can be done and how do we bring this down to stop intergenerational inequality. Professor Richard Holden is a prominent Australian economist and Scientia Professor of Economicsat UNSW Business School joins Phil to discuss this. See omnystudio.com/listener for privacy information.