Labor voter wrote on Mar 29
th, 2016 at 8:33am:
What you are forget swaggie is that a government budget is not the same as a business or household budget.
It is good when the government runs deficit because it puts money into the economy and makes the economy grow.Take money out of the economy and it doesn't grow
Did I say anything about it being good or bad?
Budget deficits can be good and they can be bad. Depends upon sustainability / serviceability / debt to wealth / cost to benefit / levels of productivity etc etc.
Piling up unsustainable debt has not been good for Greece, Spain the USA. Just future tax increases for everyone's kids and grandkids mostly.
Buying a standard of living. We are no different with our penalty rates and anti-competitive industrial relations policies.
In the past productivity levels meant Aust used to be able to afford to buy its standard of living with debt. Now it doesn't and the population is aging, and brain dead leftists are ignorant to all this...
That said, Governments are indeed different to households and businesses, that's very perceptive of you, But at the end of the day, a 'deficit' is still a 'loss'. An excess of expenses to revenue.