or
We could end up like France in 10 years under Rudd and his boarder protection policy. Hope you all want to convert to Islam.

Ah lets see what the debt clock is up to today !!

I just added a poll:

Does Tony Abbott have a secret austerity program?

I voted yes so am I a bit paranoid to think this?

Bobby. wrote on Jul 3^rd, 2013 at 11:18am:


Depends upon what you mean by 'austerity'

To Left leaners austerity is simply spending within ones means.

Does Abbott therefore have a secret austerity program? NO because it is no secret that his Govt will endeavour to spend within its means....

Bobby. wrote on Jul 3^rd, 2013 at 10:56am:


In all seriousness Yes I do.

The ironic situation is the the down trodden of the country will benefit much more from an economy that is prosperous productive and promotes profitability.  Yes the rich get richer but the poor control the tax base and they are guranteed a bigger piece of the pie as a result.

I want a Govt that puts Australia's economic interests ahead of eco-socialist theories and warm fuzzy talk fests.

Labor, viewed as the party more likely to assist the poor can only achieve this in the short term.  Bashing the socalled rich to redistribute wealth to the poor only works for a limited time as eventually it drives away alot of investment, enterprise, motivation and confidence.  The Govt if it wants to stay in power has to run up big compounding debt to satisfy the fickle mob.

That is exactly what has been happening under Labor and Kevin Rudd cannot and willnot stop this happening unless he too brings out the razor.

Aust can't afford another 3 years of Labor / Green politics.

Socrates wrote on Jul 3^rd, 2013 at 11:48am:



It is true that we are up to our necks in debt & that Rudd is the cause.
However - he had a choice at the time:

(1) borrow no money & see an economic depression.
(2) borrow money & try to keep the economy growing.

He chose the latter & I am sure he would borrow even more to stop a financial collapse.
We are in a worse situation now as the mining boom is over.

I really don't know what the future holds but it worries me.

Socrates wrote on Jul 3^rd, 2013 at 12:17pm:



Yes - I think Rudd borrowed a bit too much but I admit
that I'm not an economist & he wouldn't have done so
without considerable professional advice.

Who are we to judge?

Bobby. wrote on Jul 3^rd, 2013 at 12:24pm:


The facts are -
1) Labor has certainly made mistakes, in what & how they have done things.
2) I would suggest, the advice being provided to Labor from the Public Service & internally, is most likely based on returning to the past status quo AND the same will apply to the Liberals AND THAT'S SIMPLY NOT GOING TO HAPPEN, BECAUSE OF CHANGES TO THE BASIC ECONOMIC DRIVERS OF DEMOGRAPHICS, ENERGY & CLIMATE!
3) Federal government Debt levels, as compared to our own past history & compared to our countries during this current GFC, is actually reasonably placed, if not on the low side!
4) Despite being relatively well placed, the OZ Economy is coming under growing stresses, many of which are unique and we will need to apply some very different "solutions", IF we are to avoid the worst outcomes!

The fact is, WE (THE PUBLIC) ARE THE FINAL JUDGE OF THE POLITICAL SYSTEM!

You cannot buy your way out of a WFC in the long term. Once the interest starts to pile on and you cannot repay your debts, a deeper recession begins and that's when the easy way KRUDD took starts to take its toll on the country.  America's downturn which started the WFC had an effect on nearly all world economies, but not all world economies frittered a surplus away and then went into more debt like the Labor government.  Australia may at the time seemed the envy of the world, but the next few years will change that view of this country unless a Coalition government takes the reins and slowly brings this country back on course, which will not happen in one or even two terms, or generations!

There is no Wendy Swan in the Coalition. He resides at the bottom of the garden now with all the other fairies!