Can't wait to boot out this incompetent lot next year.

https://www.news.com.au/finance/economy/australian-economy/myefo-jim-chalmers-confirms-total-deficits-to-grow-by-219bn-by-202728/news-story/c4f8565b9bc0b697386d87e91e5f78c3

Armchair_Politician wrote on Dec 18^th, 2024 at 12:25pm:

Can't wait to boot out this incompetent lot next year. https://www.news.com.au/finance/economy/australian-economy/myefo-jim-chalmers-confirms-total-deficits-to-grow-by-219bn-by-202728/news-story/c4f8565b9bc0b697386d87e91e5f78c3

A 'slash and burn' budget from the Coalition would be even worse; government spending is the only reason Oz isn't in recession now. 

But why should a currency-issuing government be forced to borrow money from (ie, sell bonds to ) rich people - people who don't need interest payments on their spare cash paid by the public sector?

Consumption by rich people, as well as poor people for whom the essentials are also vital, needs to be controlled if supply chains are inadequate and causing inflation.

["Stop getting haircuts", the fool Bullock said, living on her fat salary - what an amoral  loser, haircuts are the last of people's problems.]

And as expected, the dumb mainstream media are banging on about the government's  "budgets as far as the eye can see" bs; just shows how blind people are, when it comes to the government's macro-economic management - not the same as micro-economics and the  household budget;  ignoring the effect of cutting debt  on the people who rely on government spending.

Hence Germany, France and now Canada - the latest examples of governments who are collapsing under fiscal pressures.