Australian Politics Forum - Where would we be if.........

woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Where would we be if......... Apr 4^th, 2013 at 4:57pm Howard had not repaid 96 billion of debt accumulated 20Billion in the bank?? Say Howard ran a deficit along the same lines of Swan, say 20 Billion a year in the red. Would that then put us in a bad position?? How would we be going if we wer 400B in debt???
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MOTR

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Re: Where would we be if.........
Reply #1 - Apr 4^th, 2013 at 5:06pm

woof woof wrote on Apr 4^th, 2013 at 4:57pm:

Howard had not repaid 96 billion of debt accumulated 20Billion in the bank??

Say Howard ran a deficit along the same lines of Swan, say 20 Billion a year in the red.

Would that then put us in a bad position??

How would we be going if we wer 400B in debt???

Given the external situation and the internal demand driven growth fuelled by a massive explosion in private debt, we should have been much further in the black. Costello wasnt half the treasurer many like to pretend he was.

Wolf wolf, perhaps you should read the IMF report that damns Howard for his fiscal profligacy.

And don't get me started on the massive infrastructure deficit and the cancerous middle class welfare legacy that he has left for all future governments.

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« Last Edit: Apr 4^th, 2013 at 5:12pm by MOTR »

Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Where would we be if......... Reply #2 - Apr 4^th, 2013 at 5:10pm Ask the Chinese..it was their boom...Not Howards
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woof woof

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Re: Where would we be if.........
Reply #3 - Apr 4^th, 2013 at 5:11pm

OK so letrun with Costello was a poo treasurer.

Say he accumulated debt at the same rate as Swan.

How much would we be in, and would that figure be an issue?? say it was 400billion as that would be roughly where it would be?

we'd be paying 80 billion a year in interest or 6.5 billion a month??

how good would that be?

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MOTR

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Re: Where would we be if.........
Reply #4 - Apr 4^th, 2013 at 5:13pm

woof woof wrote on Apr 4^th, 2013 at 5:11pm:

OK so letrun with Costello was a poo treasurer.

Say he accumulated debt at the same rate as Swan.

How much would we be in, and would that figure be an issue?? say it was 400billion as that would be roughly where it would be?

we'd be paying 80 billion a year in interest or 6.5 billion a month??

how good would that be?

Any idea what happened to private debt under Howard, woof woof?

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Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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progressiveslol Gold Member Offline Australian Politics Posts: 17029	Re: Where would we be if......... Reply #5 - Apr 4^th, 2013 at 5:15pm We would be where we are now. In labors perpetual debt. The only way to stop it, is never to vote labor in ever again. Remember that at every single election you ever vote at. State or federal.
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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Where would we be if......... Reply #6 - Apr 4^th, 2013 at 5:25pm China still would have had its massive boom and whoever was in power would have begun to pay the debt off remembering that the debt was also from the Menzies through to Fraser years. Libbo propaganda doesnt stand up very well to scrutiny PS what govt was the first to have a surplus?..Labor or Liberal?
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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Where would we be if......... Reply #7 - Apr 4^th, 2013 at 5:27pm So you'd have no problems if we were 400+ Billion in debt if Howrd had ran deficits along the same lines as Swan?
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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Where would we be if......... Reply #8 - Apr 4^th, 2013 at 5:29pm my question wasn't about who was in power would have paid off the debt, Today Gillard said Costello shouldn't have paid it off but spent it?
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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Where would we be if......... Reply #9 - Apr 4^th, 2013 at 5:31pm Now Gillard says a high dollar is good for our country, has she any dam idea?
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MOTR

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Re: Where would we be if.........
Reply #10 - Apr 4^th, 2013 at 5:34pm

woof woof wrote on Apr 4^th, 2013 at 5:29pm:

my question wasn't about who was in power would have paid off the debt, Today Gillard said Costello shouldn't have paid it off but spent it?

More certainly should have been invested in infrastructure. But that could have been achieved by cutting back on some of the middle class welfare and blatant pork barrelling.

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Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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sir prince duke alevine

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Re: Where would we be if.........
Reply #11 - Apr 4^th, 2013 at 6:06pm

woof woof wrote on Apr 4^th, 2013 at 4:57pm:

Howard had not repaid 96 billion of debt accumulated 20Billion in the bank??

Say Howard ran a deficit along the same lines of Swan, say 20 Billion a year in the red.

Would that then put us in a bad position??

How would we be going if we wer 400B in debt???

If Howard hAd wasted the sale of Telstra and not repaid a debt during great economic conditions then he wouldn't have just been known as a lying rodent, but also a dumb lying rodent.

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Disclaimer for Mothra per POST so it is forever acknowledged: Saying 'Islam' or 'Muslims' doesn't mean ALL muslims. This does not target individual muslims who's opinion I am not aware of.

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Where would we be if......... Reply #12 - Apr 4^th, 2013 at 6:10pm It is a shame Howard wasted the once in a lifetime Chinese boom on welfare handouts and public servants and pollies superannuation.
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progressiveslol

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Re: Where would we be if.........
Reply #13 - Apr 4^th, 2013 at 8:28pm

adelcrow wrote on Apr 4^th, 2013 at 6:10pm:

It is a shame Howard wasted the once in a lifetime Chinese boom on welfare handouts and public servants and pollies superannuation.

Yeh its a shame there wasnt more for labor to pizz in the wind. I mean, leaving zero debt, a future fund and a surplus, just isnt enough for these labor fools is it.

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