Brace for more credit rating downgrades (Leithvo)

This interview with Bill McDonald at ABC Radio Brisbane discusses Queensland's credit rating downgrade and the outlook for other state governments.



The credit down grades are the first major step on the road to ruin. Increased interest rates will cause an inevitable cut in services and/or raised taxes. Austerity is coming without a doubt. Cutting the pay of public servants would also be considered too. This is what happens with reckless spending.

[Posted at the SpookyWeather2 blog, September 15, 2026.]