Swagman wrote on Jan 27
th, 2015 at 7:51am:
Dnarever wrote on Jan 27
th, 2015 at 7:46am:
Swan has a record that many treasurers would be proud of including an ex PM when treasurer.
Yes he spent like an 18 year old blonde bimbo with her first Visa card...
That was Howard & Costello. Spent $350Bn of boom time revenue 2001-7 and none of that is left bar a bit in the Fatuous Fund:
1. No major infrastructure was built to reduce bottlenecks in the economy
2. Education was not enhanced to boost future productivity, nor was research, innovation etc
3. Health was rundown
4. Expenditure–middleclass welfare, non–longer affordable tax cuts were built into the Budget
Wayne was the Treasurer when the bills came in and revenue collapsed. He kept us on a steady course and for the first time we were rated AAA by all three agencies and our economy grew t be the worlds 12th largest and our economy was the envy of all. And this was all done against bitter opposition and from a position of minority govt.
There is still HUGE amounts of Howard’s middleclass welfare left—the concessionary 15% tax on super regardless of amount salary sacrificed will cost more in 2015/16 than the Age and Invalid Pensions combined! Talking about the Age pension—how about removing asset millionaires from receiving any Age Pension?
The Libs want to keep all this unsustainable spending, tens of billions of dollars a year while trying to save a bit of money by throwing young unemployed of any assistance at all!
THE ABBOT GOVT IS RULING FOR 1% OF THE PEOPLE!