<transcript><audio_29>years from 1970 to 1997 you can't do that but a government can the government issues the money was you used the money so every time you hear somebody say if I ran my business like the government I'd go broke you can say well you're right you're absolutely right find me somebody</transcript><transcript><audio_30>with a hundred billion dollar debt and I'll find you somebody who's very close to insolvency whereas the Australian Government has two hundred and eighty six billion dollars of debt because they can't go broke yes they need to issue interest payments that debt but those interest payments</transcript><caption><image_31>The image is a chart that shows the Federal Government Deficits & Debt since Federation. The chart is divided into three sections, each representing a different period of time.

The first section is titled "Federal Government Deficit & Debt" and shows a line graph that shows that the federal government deficits and debt since Federation have been steadily increasing over time. The line graph shows a decrease in the number of deficits and deficits over the years, with a slight increase in the amount of debt over time and a slight decline in the percentage of debt. The graph also shows a bar graph that represents the percentage change in the debt over the past few years. The bars are colored in red, blue, and green, and the graph is labeled with the names of the different periods of time, such as "Federal Debt Deficit" and "Debt Deficit".

At the top of the chart, there is a legend that explains the different colors used in the chart. The colors used are red, green, blue and purple, which represent the different levels of debt and debt. There is also a legend on the right side of the image that explains that the data is based on the data points.</caption><transcript><audio_32>come in Australian dollars and the Australian government issues Australian dollars they can never run out of them and when you think about it all of that government debt is actually non-government savings a government can always pay any obligation that it has that is denominated in its own currency</transcript><video><caption><image_33>The image is a table that shows the Sectoral Balances of Government Debt and Non-Government Savings. The table is divided into three columns, with the first column representing Government Debt, the second column representing Debt, and the third column representing Savings. 

The first column is labeled "Government Debt" and has a red arrow pointing to it, indicating that the debt is equal to the government debt. The second column is titled "Debt" and contains a green arrow pointing towards it. The third column is labelled "Government Deficit" and shows that the government deficit is equal.

There are two columns in the table, one labeled "Non-Government" and the other labeled "Savings". The first column has a blue arrow pointing downwards, indicating the difference between the two columns. The fourth column has the word "Surplus" written in green. The fifth column has an arrow pointing upwards, indicating a decrease in the debt.</caption><caption><image_34>The image is a table that shows the sectorsal balances of government debt and non-government savings. The table is divided into three columns and three rows. The first column is labeled "Government Debt" and the second column is titled "Non-Government Savings". 

The first column has the word "Government" written in bold letters, followed by "Debt" in smaller letters. The second column has "Government Deficit" written on it, and the third column has a picture of the state of New Jersey.

There are three columns in the table, each representing a different sectoral balance. The left column has an image of the New Jersey state flag, the middle column has two images of the United States flag, and and the right column has three images of a globe with the words "Surplus" and "Foreign Sector" on it. The fourth column has four images of different sectors, each with a different color scheme. The image also has a text that reads "Sectoral Balances".</caption></video> years from 1970 to 1997 you can't do that but a government can the government issues the money was you used the money so every time you hear somebody say if I ran my business like the government I'd go broke you can say well you're right you're absolutely right find me somebody with a hundred billion dollar debt and I'll find you somebody who's very close to insolvency whereas the Australian Government has two hundred and eighty six billion dollars of debt because they can't go broke yes they need to issue interest payments that debt but those interest payments come in Australian dollars and the Australian government issues Australian dollars they can never run out of them and when you think about it all of that government debt is actually non-government savings a government can always pay any obligation that it has that is denominated in its own currency
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