Silverthorn
Well-Known Member
more government debt coming.
http://news.smh.com.au/breaking-new...nts-pulled-down-by-moodys-20130218-2engl.html
http://news.smh.com.au/breaking-new...nts-pulled-down-by-moodys-20130218-2engl.html
another government debt binge in the making.
- Thread starter Silverthorn
- Start date
Silverthorn
Well-Known Member
well they could try not spending?
I would be happy to se a debt binge on something like decent mass transit systems for our cities. Problem is we got a debt binge on pink batts instead so there is no binge money left for the good stuff.
Silverthorn
Well-Known Member
Jonesy said:
so your happy to go into debt as long as its stuff you approve of.
Silverthorn said:Jonesy said:
so your happy to go into debt as long as its stuff you approve of.
Yes.
Don't forget the 'Billion Dollar Building jobs program" (that should be buying jobs program) which is in part going to be paid for by scrapping Research & Development tax concessions
pretty much the only thing keeping us ahead of the world...and she's going to scrap it. :/
pretty much the only thing keeping us ahead of the world...and she's going to scrap it. :/
I tried to ride a pink batt to work once but it didn't work out.
Silverthorn
Well-Known Member
with debt gone toxic loading up billions on debt when a good bus line would do the job seems like overkill. the greens want light rail so that's what they'll get and the rest of us will pay it off.
Silverthorn
Well-Known Member
fighters? defence is one of the few legitimate expenditures of government.
this "future proofing" smacks of pork barrelling and when the mining booms ends soon the debt will be building.
this "future proofing" smacks of pork barrelling and when the mining booms ends soon the debt will be building.
The F35 is a big white elephant. Good legacy of the wasteful Howard government. No consultation, just Howard being an American sycophant and buying a useless plane without putting the contract up for tender. The plane should be ready now and isn't likely to be till at least 2018. The planes costs have blown out massively. As bad, if not worse than the useless Collins class sub that labor bought. Both sides of government are useless.Silverthorn said:
Silverthorn said:
Doesn't Australia likewise have an AAA credit rating? Isn't it also in good shape? Based on that logic, maybe Gillard should take out a loan at the same time and build something.
doomsday surprise said:
Amen! +1
Yeah, $40 billion plus for the NBN. :lol:lucky luke said:Silverthorn said:
Doesn't Australia likewise have an AAA credit rating? Isn't it also in good shape? Based on that logic, maybe Gillard should take out a loan at the same time and build something.
doomsday surprise said:Yeah, $40 billion plus for the NBN. :lol:lucky luke said:Silverthorn said:
Doesn't Australia likewise have an AAA credit rating? Isn't it also in good shape? Based on that logic, maybe Gillard should take out a loan at the same time and build something.
LOL I actually forgot all about that moneypit. Sort of like an open-cut mine under my nose that I just tripped over (or fell in to). Perhaps Parliament question time might be of more value if someone posted an NBN update question rather than the typical childish back and forth currently going on.
lucky luke said:Doesn't Australia likewise have an AAA credit rating? Isn't it also in good shape? Based on that logic, maybe Gillard should take out a loan at the same time and build something.
At this point she is borrowing money to make welfare payments and to pay the public service.
Jonesy said:lucky luke said:Doesn't Australia likewise have an AAA credit rating? Isn't it also in good shape? Based on that logic, maybe Gillard should take out a loan at the same time and build something.
At this point she is borrowing money to make welfare payments and to pay the public service.
ahhhhh. So it gets back to blaming that segment of the Australian population for all our current woe's? Mate, the Libs stink as bad as Labor. Aren't you following the F35 thread? Last time I looked, it was Howard that indebted us with that bright intiative. Not to mention the hidden costs (losses) to the Australian economy with the Free Trade agreement. Why don't we look at the real problem at hand ie the highest levels of control over the Australian economy, instead of looking at the scapegoats?
lucky luke said:Jonesy said:lucky luke said:Doesn't Australia likewise have an AAA credit rating? Isn't it also in good shape? Based on that logic, maybe Gillard should take out a loan at the same time and build something.
At this point she is borrowing money to make welfare payments and to pay the public service.
ahhhhh. So it gets back to blaming that segment of the Australian population for all our current woe's? Mate, the Libs stink as bad as Labor. Aren't you following the F35 thread? Last time I looked, it was Howard that indebted us with that bright intiative. Not to mention the hidden costs (losses) to the Australian economy with the Free Trade agreement. Why don't we look at the real problem at hand ie the highest levels of control over the Australian economy, instead of looking at the scapegoats?
What on earth are you talking about? How did you read "So it gets back to blaming that segment of the Australian population for all our current woe's?" into my post? Where did I mention the Liberal party?
I was simply using two fundamental and necessary government expenses to highlight the fact that this government is now borrowing money to pay for everything. That's why they had to raise our debt ceiling to 270 billion dollars.
If you are going to comment on someone's post at least try and read it first.