Objection from Australia in Regards to California vs. Ontario "bush-league" Comparison

In response to California USA vs. Ontario Canada - Which State (Province) Is In Worse Shape? a reader from Queensland says North America is the bush-league compared to Australia.

Luke writes ....

You North Americans are simply not doing debt slavery quite right. I am obliged to point out Queensland, Australia is a clear winner. ...

Addendum
I took Luke's figures as fact before running off to an appointment.
They were not.
Leaving this stub up.


Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
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