Peter Costello serves up the truth.

Discussion in 'Markets & Economies' started by errol43, Jul 8, 2015.

Page 1 of 3
  1. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    5,993
    Likes Received:
    15
    Trophy Points:
    3
    Location:
    Bundaberg
    Peter Costello on lateline last night said that the debt burden on the Australian government was still very low by world standard.

    Now cast your mind back to the last election, the gonski and the NDIS were big spending items which were backed by both the red and the blue teams.

    Now we are borrowing $100 million a day to cover federal government expenditure.. New Security force AND THE AIR WAR IN Iraq, How much is this costing?

    Will someone please inform me of how we are going to win in Iraq when we give 2500 humvees to the enemy thanks to the well trained Iraqi army?

    Regards Errol 43
     
    errol43, Jul 8, 2015
    #1
  2. -j-p-shmorgan

    -j-p-shmorgan New Member

    Joined:
    May 24, 2015
    Messages:
    986
    Likes Received:
    1
    Trophy Points:
    0
    2500 humvees to the enemy? Source? lol
     
    -j-p-shmorgan, Jul 8, 2015
    #2
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,691
    Likes Received:
    4,454
    Trophy Points:
    113
    I didn't see the episode you are referring to but it is immaterial how much debt we have in comparison to other countries. Any debt that any government has is destructive.
     
    mmm....shiney!, Jul 8, 2015
    #3
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    We'll win the war by guaranteeing more submarine jobs in SA!
     
    SpacePete, Jul 8, 2015
    #4
  5. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    willrocks, Jul 8, 2015
    #5
  6. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

    Joined:
    Mar 22, 2010
    Messages:
    8,315
    Likes Received:
    7,714
    Trophy Points:
    113
    Location:
    House Corrino
    So we are borrowing foreign money to pay foreign aid. Thanks Wayne, nice work.
     
    Shaddam IV, Jul 8, 2015
    #6
  7. bordsilver

    bordsilver Well-Known Member Silver Stacker

    Joined:
    May 23, 2012
    Messages:
    8,717
    Likes Received:
    304
    Trophy Points:
    83
    Location:
    The rocks
    In addition, unlike private debt, Govt debt can obligate individuals who had no say or benefit from the money to be forced to repay it. Indebting the unborn is morally bankrupt.

     
    bordsilver, Jul 8, 2015
    #7
  8. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
    "Peter Costello serves up the truth"
    Unfortunately... no one is hungry for the truth :(
     
    Clawhammer, Jul 8, 2015
    #8
  9. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

    Joined:
    Apr 11, 2011
    Messages:
    2,623
    Likes Received:
    506
    Trophy Points:
    113
    Location:
    Nevada
    Roswell Crash Survivor, Jul 8, 2015
    #9
  10. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,119
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    It is as if they left the Humvees and equipment there on purpose to supply ISIS. You would think a retreating Army would take the vehicles and equipment with them. Or at the very least destroy them so that the enemy can not use them. The whole situation is inexplicable. I wonder if they left them with the keys in the ignition? And full of fuel ready to be driven off???
     
    silver kook, Jul 8, 2015
    #10
  11. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    5,993
    Likes Received:
    15
    Trophy Points:
    3
    Location:
    Bundaberg
    Just google up hunvees Iraq..You will get several sources including the Iraqi PM. :)
     
    errol43, Jul 8, 2015
    #11
  12. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,635
    Likes Received:
    121
    Trophy Points:
    63
    Location:
    sydney
    They get most of their weapons when the Iraqi army runs away.
    Why do they run?
    Why fight for the American when they destroyed their country, or for a corrupt government, when they only got a job in the army to feed their kids , because there are no other jobs.
    Western law doesn't work there, it takes too long and the rich bribe their way out.
    Why risk their lives.
    The government is corrupt.
     
    Peter, Jul 8, 2015
    #12
  13. hawkeye

    hawkeye New Member Silver Stacker

    Joined:
    Nov 10, 2010
    Messages:
    2,929
    Likes Received:
    4
    Trophy Points:
    0
    Location:
    Perth, Australia
    Watch as they transfer as much as they can to the public balance sheet in the next few years when it becomes obvious most of it can't be paid.

    We are just like most of the rest of the world except for a lag.
     
    hawkeye, Jul 8, 2015
    #13
  14. errol43

    errol43 New Member Silver Stacker

    Joined:
    Apr 13, 2010
    Messages:
    5,993
    Likes Received:
    15
    Trophy Points:
    3
    Location:
    Bundaberg
    I'll tell you why we are borrowing foreign money.. To keep the housing market moving. :)

    Regards Errol 43
     
    errol43, Jul 8, 2015
    #14
  15. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,064
    Likes Received:
    3,292
    Trophy Points:
    113
    Location:
    Australia
    For anyone interested in investigating the truth:


    and "truth" sure didn't come from "who's on third" Costello.
     
    JulieW, Jul 8, 2015
    #15
  16. bordsilver

    bordsilver Well-Known Member Silver Stacker

    Joined:
    May 23, 2012
    Messages:
    8,717
    Likes Received:
    304
    Trophy Points:
    83
    Location:
    The rocks
    The truth sure as hell isn't in that nonsense article either :rolleyes:
     
    bordsilver, Jul 8, 2015
    #16
  17. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

    Joined:
    Feb 6, 2012
    Messages:
    5,434
    Likes Received:
    3,525
    Trophy Points:
    113
    Location:
    P!MP land-Seedeneey
    because Australia is in mining boom, remember... even now we're still in mining boom... forget about those small miners who lost everything or prices on resources have plummetted.. even Joe Hockey knew this.. he budgeted OZ based on mining boom...

    BOOM!
     
    bubblebobble2, Jul 8, 2015
    #17
  18. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    What's inaccurate about the article?
     
    SpacePete, Jul 8, 2015
    #18
  19. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,691
    Likes Received:
    4,454
    Trophy Points:
    113
    You'd be quoting the article in its entirety again if you were asked to point out its inaccuracies. :lol:
     
    mmm....shiney!, Jul 8, 2015
    #19
  20. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

    Joined:
    Nov 15, 2010
    Messages:
    18,691
    Likes Received:
    4,454
    Trophy Points:
    113
    LMAO, I just clicked on the link...................and the author is...................Richard Denniss. :lol: :lol: :lol: :lol:

    Say no more. :lol: :lol: :lol:

    Three toddlers playing in a sand pit have a better grasp of economics than does the good Professor.
     
    mmm....shiney!, Jul 8, 2015
    #20
Page 1 of 3

Share This Page