on 25-01-2015 04:38 PM
A reminder of the debt that Australia has, while Labor can bury their heads and deny it exists the fact remains we have a huge problem with debt and sooner than later the chips will fall, no business, no state and no country can keep operating in the red, eventually those we own the money to will own us. Who will own us?
The state of Qld has debt of $80 billion dollars, Labor are saying they don’t think it’s that bad, Bill Shorten on Australia’s debt, there is no debt crisis, there is a crisis and we are in this situation because of Labor, no one else and the bottom line is Labor can’t fix this problem, their speciality is creating debt not fixing debt.
Solved! Go to Solution.
on 03-02-2015 03:58 PM
on 03-02-2015 04:00 PM
on 03-02-2015 04:04 PM
on 03-02-2015 04:06 PM
03-02-2015 04:07 PM - edited 03-02-2015 04:10 PM
@icyfroth wrote:
Think about this and let’s ask ourselves where Australia is heading, a first grader could work this out.
In 2007, we had a strong and sustainable budget with a $20 billion surplus and $50 billion in the bank.
After six years of Labor, the deficit had blown out to $50 billion and gross debt was skyrocketing towards $66...7 billion.
$37 million a day interest, $1 billion a month, $11 billion + per year.
Right now, we’re borrowing $1 billion a month just to pay the interest on debt that the former Labor government ran up.
That’s right – one thousand million every month to pay Labor’s interest bill – that’s a brand new tertiary hospital that could be built every single month if Labor’s interest bill did not have to be paid.
Or would you rather focus on Knights and Dames or Mr Abbott's Ears?
Knighthood for Prince Philip was the last straw.. many more stuff ups/backflips before that. Show me where I have posted about TA's ears.
TA is incompetent as PM, he has to go, now, or stay on & the drag the LNP down at next election and they will all lose.
Too many backflips to mention, latest the Parenting payment, dud policies which have not passed in Senate because they are duds, nothing to do with Labor.
What is a tertiary hospital and why would we need a new one built every month? Australia economy is in good shape.
on 03-02-2015 04:09 PM
@wilk1149 wrote:
Maybe the LNP should look at getting more money from those that have it than trying to pinch a few dollars from those that don't. If you have e revenue problem the logical decision is ti increase revenue. If you continue to cut spending eventually you have a government that is spending nothing on the people it taxes therefore negating the need for government. Its not like the people can build the roads and pay the Police and hospitals. They could always reduce the pressure on us by reducing the wasted money on politicians
Yes, that was a major fail in the last Budget.. cut costs but no increase in revenues.
on 03-02-2015 04:10 PM
on 03-02-2015 04:11 PM
on 03-02-2015 04:13 PM
03-02-2015 04:14 PM - edited 03-02-2015 04:18 PM
icy, mentioned the knighthood... I said it was the most recent in a long line of stuff ups and backflips.
Widely acknowledged in the media both right wing and left wing publications, that the knighthood was the last straw for Abbott, he has even accepted that himself and says it was wrong of him to give it and IF he remains as PM he won't make decisions like that again and has handed the decision making over to a committee.
Captain's picks - where he makes choices alone.. like the knighthood - now says he shouldn't have, the Parenting Plan backflipped... and more.
The area I live in has had a very high unemployment rate since the 1980's. Since I lived here 14 years it was the unemployment rate of the highest in Australia.
Did Labor propose to cut dole payments for those under 30, so they could only get 6 months on the dole and othe 6 months NO PAYMENT at all? No, they did not.
It may shock you to know, but Tony Abbott is PM now, and most of the recent news is negative about his behaviours, policiies and public don't respect him... nothing to do with past Gov't at all.