Australia ranks about 15th in the world in terms of GDP size with about 1.67% of World GDP. Here is our Federal Treasurer gloating because this year we are the world's third biggest borrower taking up 10% of all the debt in the world!!!!!!

Australia's financial system is in "good shape" and banks will issue as much as 10% of global guaranteed debt this year, ranking Australia third in the world, Mr Swan said. Sydney Morning Herald

It brings to mind Mark twain's quote

Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean itůMark Twain

There may be smart people screwing us in other countries but this bloke has got to be an imbecile. He makes Gordon Brown sound like a financial genius!