Big budget deficits add to our debt peril

By David Potts
Updated April 13 2015 - 10:18am, first published March 27 2015 - 2:00pm
Money down the gurgler is not looked upon kindly by foreign lenders. Photo: Julian Kingma
Money down the gurgler is not looked upon kindly by foreign lenders. Photo: Julian Kingma

High levels of debt are fine until they're not, according to an old saying as well as the Government's new softly, softly mantra.