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T1 Terry wrote:...what he really plans to do with our money ...

Well I for one am very grateful that it will be my grandchildren paying off Labor's debt and not I.

dawg (who has a hard time understanding the Labor logic of living off borrowed money rather than your own - but that's just me I guess.)

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..

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)

Howard govt reduced federal dept by increasing taxes, and selling our assets not by any magic power.

spybo wrote:...not by any magic power.

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?

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

WOT! Frugality is NOT magic? I've been deluded all these years

Apparently you have!

He was not frugal with our money he sold our assets and raised our taxes end of story.

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