Wednesday, March 30, 2011

Duckland?


A recent front cover of The Economist features this attached Map of the Poor State of Union of USA... changing all the names of the States to reflect on their current debt status.

In New Zealand the Government is borrowing $14b in 2011 in order to keep the economy going... which works out to be about $300m a week!

Here in Auckland SuperCity, the debt is in the region of $4 billion and growing.. The current credit rating is probably still "A" and so Auckland is still called Auckland. If the credit rating goes down to "D" it will probably be renamed Duckland? I don't want to imagine when the credit rating goes down to "F"......

We will then be called Fucklanders!!!

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