Economics is a funny game. If you don't have money coming in but you still must pay money out, you need to get money some where. If you just borrow it you eventually need to find a way to pay it back. If you borrow money and give it to those who will spend it straight away then there is a chance some of those people you would have had to pay unemployment to will actually be working and paying taxes, an income instead of an expense. Plus you get 10% of all the money you gave out back as GST.
The country keeps ahead of the game, confidence stays up and there is a chance more people will stay in a job maintaining a better income to expense ratio.
The tiny percentage of GPD that the national debt stands at is nothing compared to the debt the average home owner has. So are those who buy a house complete idiots who have no idea on how to run on a budget?
To many people listen to the Murdoch nonsense, Aust was in good financial shape before the change of govt, let's see how long we stay that way, if we end up I a recession with this govt yet we avoided it with the last govt it will clearly stamp who were the better money managers won’t it..
A person may fail many times, they only become a failure when they blame someone else John Burrows
Those who struggle to become a leader, rarely know a clear direction forward for anyone but themselves
T1 Terry wrote:...1) If you just borrow it you eventually need to find a way to pay it back. 2) If you borrow money and give it to those who will spend it straight away then there is a chance [] some of those people you would have had to pay unemployment to will actually be working and paying taxes,
3) Aust was in good financial shape before the change of govt,..
1) Tell that to the PIGS*
2) yes, like the $900 government booster paid to almost everybody except it went for overseas imports and other things like pokies, that did not benefit the economy.
3) if so, then what shape was it in with no debt and a surplus, at the previous turnover?
dawg
*Portugal Italy Greece and Spain (think Ireland was included at one point)
Experience is a wonderful thing. It helps you recognise a mistake when repeated.
WOT! Frugality is NOT magic? I've been deluded all these years when I could have maxed out *my credit, lived a cavalier life of ease and splendor. How sad.
dawg ("earn a dollar, spend 99 cents = happiness. earn a dollar, spend $1.01 = misery ." Ben Franklin)
* "my" is actually somebody else's money init?
Experience is a wonderful thing. It helps you recognise a mistake when repeated.
I know this is the banal aka crap thread and polly talk is banal but there comes a time when .... you know the story boys..... Now today Norman & Christine came and picked us up to go to see Kingaroy, within 50 meters we met up with the managers of here and not a few seconds later who do we meet but Lesley & Eric. No escaping some is there? A bit of goss on the Eerwegoagen thread later
Queen of the Banal & OT chatter and proud of it. If it offends you then tough titty titty bang bang.
Please be aware that politics is one of the topics that is not encouraged on this forum so if you boys must debate your pref parties please do it via the PM or email system. Thanks boys
Queen of the Banal & OT chatter and proud of it. If it offends you then tough titty titty bang bang.
] some of those people you would have had to pay unemployment to will actually be working and paying taxes,
