How would you pay back Labors MASSIVE debt they left us

[nero_bolt]

Australian families to wear the pain of Labor's massive debt bomb

How would you pay back Labors MASSIVE debt that they have left Australia with? 

What would you do to get this massive debt problem under control that Labor left us?

What would you cut or trim to get this MASSIVE debt problem (caused by Labor and their failed spending policies) under control

How would you pay for all these WELFARE programs and never ending handouts?  Who has to pay for these and how?

How would you pay for the rising number of pensioners over the next 2-3-4 decades etc  What would you do and how do you pay for this? 

So what would you do to ballance the books and budget and lower and get rid of the massive DEBT we have? 

https://www.liberal.org.au/latest-news/2012/11/12/labors-debt-time-bomb-exposed

http://www.news.com.au/national/joe-hockey-reveals-labors-667-billion-debt-bomb-in-myefo-statement/s...

http://www.dailytelegraph.com.au/news/nsw/australian-families-to-wear-the-pain-of-labors-massive-deb...

Joe Hockey reveals Labor's $667 billion 'debt bomb' in MYEFO statement 

AUSTRALIANS face the worst hit to income since the 1950s, rising unemployment, a national debt ballooning to $667 billion and a legacy of spending that had crippled the budget, Treasurer Joe Hockey warned yesterday

TAXPAYERS were on track for a $667 billion debt bomb if Labor's policies and spending was left unchecked over the next decade, budget papers reveal.     

http://www.dailytelegraph.com.au/news/nsw/australian-families-to-wear-the-pain-of-labors-massive-deb...

http://www.news.com.au/national/joe-hockey-reveals-labors-667-billion-debt-bomb-in-myefo-statement/s...

[daydream**believer]

i dont know what the answer is but i think announcing doom and gloom and how we all need to tighten our belts and then spending a fortune on planes, was not the way to go

[boris1gary]

http://theaimn.com/2014/04/30/so-let-me-get-this-straight/

So let me get this straight,

If I earn over $80,000 I am going to be asked to pay for the $68 billion that Joe Hockey has added to the deficit by his party’s policies.

I have to pay for Hockey’s $9 billion gamble on the Aussie dollar going down.

I am going to have to cough up money to give billions to the worst polluters so they can upgrade their factories, and many more billions in fossil fuel subsides to wealthy mining companies.

I am going to have to pay women on very high salaries almost $3000/week to watch their nanny look after their kid for 6 months whilst they get a rebate for employing her.

I am going to have to pay for a huge fleet of fighter jets to protect me from who? Do you really think we can beat China in a war? If America needs us to help then I am sure they would provide the jets. Hey we could even lend them an airbase to use their own bloody jets to bomb whoever the hell they want to next time. Won’t it all be done by the unmanned drones that I will also be paying for?

[fourandsixpants]

Yes agreed. .....but we have come to expect that when the ALP are in they spend and when Libs and Libs and Co get in they rob from the poor and give to the rich. Gets monotonous and boring but predictable.

It's all the blatant, incessant soap opera bs that we have to listen to that chokes me up.......in fact got to go and get a tissue right now......cos when I see someone cry it makes me cry too............ (the fiberals-not you daydreamer)

*sob

For directions, press once.

For rescue, press twice.

To cry wolf, press repeatedly at press conferences.

[nero_bolt]

Now that the independent National Commission of Audit has been released and you are all better informed of just how much debt Labor left the economy in what are your suggestions now to reduce and pay back MASSIVE debt we have?

[donnashuggy]

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@nero_wulf wrote:

Now that the independent National Commission of Audit has been released and you are all better informed of just how much debt Labor left the economy in what are your suggestions now to reduce and pay back MASSIVE debt we have?

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How about tax increases for the mega wealthy? 

[nero_bolt]

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@donnashuggy wrote:

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@nero_wulf wrote:

Now that the independent National Commission of Audit has been released and you are all better informed of just how much debt Labor left the economy in what are your suggestions now to reduce and pay back MASSIVE debt we have?

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How about tax increases for the mega wealthy? 

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so you are saying that you wouldnt mind paying more tax then 

[lakeland27]

try making multinationals who profit from Australia pay tax in Australia rather than demonising Australians in order to justify these scams the libs keep trying to pull in conjunction with the same multinationals the libs really work for .

[lakeland27]

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@nero_wulf wrote:

Now that the independent National Commission of Audit has been released and you are all better informed of just how much debt Labor left the economy in what are your suggestions now to reduce and pay back MASSIVE debt we have?

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 I know they put the word independent there .. but it doesn't actually belong there

 stacking a board with these people isn't a good measure of '' Independence ''

[nero_bolt]

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@lakeland27 wrote:

try making multinationals who profit from Australia pay tax in Australia

I agree, companies like the one we are on here transfer all their profits to Ireland and pay no tax in Australia

rather than demonising Australians in order to justify these scams the libs keep trying to pull in conjunction with the same multinationals the libs really work for .

and Labor did what to rectify this?      The answer is Labor did NOTHING,  Labor didnt do a single  thing to rectify this so blame and total lack of action can be proportioned to both sides 

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[carls*world]

Start by tightening some of the loose belts wrapped around fat cats and their mates, instead of forcing those who have already overtightened, to strangle themselves.

Revisit these one way supposed free trade agreements, and get some jobs back into this country, so people can resume paying tax, which will increase the tax income base while at the same time reducing the welfare outlay burden.

If the place could thrive and grow like it did 50 years ago, with a smaller population, and prior to selling off assets left right and centre, creating a whole new affordability problem, then all the policies since (if any of them were as good as they were spouted) should make things even better now.