Why is the government pushing for them?
Because the government is trying to get Australians into debt to solve Australia’s economic crises and enrich the bankers at the same time!!
How could your debt help government?
Because you will spend money to give others jobs and have to work harder to pay it off with interest and charges. That increases Australia’s productivity.
Recession threatens because people have pushed prices up high with borrowed money, by competing for what is available eg housing, groceries, power, petrol. They no longer need money to buy anything. They can borrow it on a credit card, get a loan or afterpay it. But when they have bought all they want they stop buying. When they lose jobs or profits fall and they cannot repay the debt, their assets are often “fire sold” by lenders and prices collapse.
The government is just trying to get the Australian people to rectify the problems it has caused by bad policy. There are better, safer ways to do that. I will offer my suggestions next time.