Budget 2020: Does money now grow on trees and is debt worth a look?

Last week, the Australian govt published the 2020 budget. 12 months ago, being 5 months late, $200B+ in the red and with GDP contraction of approx 4% would have seemed fanciful.

By the time it came out last week, it’s almost as if no one noticed. One feature was the assumption we (consumers) would spend money pumped into the economy. Given my…