on 29-05-2014 11:00 PM
If all your credit cards, loans, and mortgage were called in and you had to finalize them all by the end of the financial year (30th June) where would that leave you and what would you do to pay your debt?
on 30-05-2014 12:37 AM
@debra9275 wrote:
The jobs given to Australians instead of temp. Overseas workers lol
That would benefit our whole country rather than just a few big businesses
Ok lets get rid of all the temps and refugees on day 1. Now everyone has 29 days to pay their debt do you think the average person could repay their debt , even with full employment in tat period of time?
on 30-05-2014 01:22 AM
How much do you believe our per capita debt to be?
on 30-05-2014 01:33 AM
on 30-05-2014 01:37 AM
Got a link for that?
on 30-05-2014 01:44 AM
http://www.australiandebtclock.com.au/
on 30-05-2014 01:46 AM
This has got to win the prize for the best thread I have read for weeks! LOL and Cheers for some top nosh entertainment pod
on 30-05-2014 01:56 AM
Well those numbers are making my head spin, poddster, but it's good to know that there's money coming in, too.
By all accounts our national debt/gdp ratio remains encouraging. 🙂
on 30-05-2014 02:06 AM
on 30-05-2014 02:14 AM
on 30-05-2014 11:02 AM
@poddster wrote:Even though you think you have no personal debt , that is an illusion, as an Australian citizen you have a commitment to pay the debt that the country owes do you have enough to meet your share of that debt?...
Is that what you would do am*3 dodge you debt by leaving the country? Do you think you would be allowed to shove your debt onto others?
Sorry I have paid my share already in the form of multiple taxes, the fact that the people who manage this money on our befalf have majorly stuffed it up is not my doing or my problem.
The comment about leaving the country I woul;dnt think its about dodging it would be a matter of self presivation and walking away from a lost cause.
When they sell off assetts they dont own to support their own entitled life style and bignote themselves to the world be trying to look like an equal to others that are much larger then its all going to end up badly.
and when I say they dont own I mean they belong to the Australian people and the government of the day is only a caretaker for those assetts. Personally I would like to see them charged for conversion for personal gain or just fraud.
Just like any budget you cant spend more than you earn, there are only two ways or a combining of both to ballance a budget.
The first is to spend less, that is a short sighted quick fix that only works for the short term only to come back and bite you latter.
The second is to earn more or better still need less. earning more in the case of a country would required the masses to all be working in decent jobs, what we currently have is few jobs and poor wages and getting worse.
to need less would require the country to be more self sufficient and own more of its infrastructure and industry and especially its essential services.
current governments have neither of these on their agenda and are in fact doing the opposite so we are going from pain to more pain to even more pain.
Until we get a government that has a clue and is not self seving arrogant **bleep**s we really are going to suffer and the longer they mismanage our asset's and economy the longer our children and gran children will be paying for it.