Government to raise debt ceiling again

[willrocks]

Probably no big surprise to anyone here.

The federal government will be forced to lift its own self-imposed credit limit in the coming months as debt hurtles towards half-a-trillion dollars - almost double the number the Coalition inherited from Labor.
...
Total government debt is now rising by $5.3 million an hour - or $126m a day
...
http://www.smh.com.au/federal-polit...tles-towards-500-billion-20170128-gu0iin.html

 

[SpacePete]

Borrow and spend like drunken sailers. Waiting for the usual idiots to claim it's all Labor's fault.

 

[radiobirdman]

Borrow and spend like drunken sailers. Waiting for the usual idiots to claim it's all Labor's fault.

Labour had nothing to do with any debt, for they are fiscal conservative's
Just ask the greatest treasurer in the free world Wayne Swan

 

[mmm....shiney!]

https://danieljmitchell.wordpress.com/2011/10/30/mitchells-golden-rule/

 

[projack]

The way this "debt ceiling" system works and still to call it debt ceiling, only proves politician must assume people are stupid.

 

[sammysilver]

That's about $20,000 for each Australian.

My new immigration policy is that each applicant must pay $100,000 for residential status.

5 million immigrants will fix our problem!

 

[betterinvestmentthanshare]

That's about $20,000 for each Australian.

My new immigration policy is that each applicant must pay $100,000 for residential status.

5 million immigrants will fix our problem!

Compared to the $56,000 (US $) for each American x population 323,000,000....................Our debt is AU$20,000 which equals to just over $15,000 US population x 24,300,000
Compared to the $13,500 (US $) for each New Zealander x population 4,470,000

How bader shape are we really in?

 

[SpacePete]

The way this "debt ceiling" system works and still to call it debt ceiling, only proves politician must assume people are stupid.

It seems they'd be right in that assumption (silver stackers excluded of course).

 

[SpacePete]

That's about $20,000 for each Australian.

My new immigration policy is that each applicant must pay $100,000 for residential status.

5 million immigrants will fix our problem!

Non-resident holders of residential realestate should also pay a substantial annual levy.

 

[betterinvestmentthanshare]

Compare all countries

http://www.nationaldebtclocks.org/#countries

 

[Gullintanni]

That's about $20,000 for each Australian.

My new immigration policy is that each applicant must pay $100,000 for residential status.

5 million immigrants will fix our problem!

Non-resident holders of residential realestate should also pay a substantial annual levy.

WHY?
If you impart a levy all that will do is add money to the government coffers at the cost of the poor citizen that is most likely renting that residence.
If they are not resident and own properties then id say there is a high chance they are renting it out and they will just pass on any levy by increasing rent.
Yes/no?

 

[SpacePete]

That's about $20,000 for each Australian.

My new immigration policy is that each applicant must pay $100,000 for residential status.

5 million immigrants will fix our problem!

Non-resident holders of residential realestate should also pay a substantial annual levy.

WHY?
...

Internet forum dickheads should be taxed twice as much to pay for the added psychological care amongst the general non-dickhead population.

Lighten up butthead.

 

[betterinvestmentthanshare]

That's about $20,000 for each Australian.

My new immigration policy is that each applicant must pay $100,000 for residential status.

5 million immigrants will fix our problem!

Actually if you go by GDP which is what the US debt clock is, Aussie's are 1.6 Trill in debt which equals to $68k au per head or $50k US

Compared to the $56,000 (US $) for each American x population 323,000,000
Compared to the $13,500 (US $) for each New Zealander x population 4,470,000

New Zealand................the new lucky country

 

[radiobirdman]

:lol:

 

[SpacePete]

Buuuuurn :lol:

 

[sammysilver]

Born in Australia.
Also have NZ citizenship.
Have a Cyprus EU identity card, though I've never been there.
My parents travelled on UK passports so I have UK patriality.

I reckon I owe $200,000.

 

[SpacePete]

Born in Australia.
Also have NZ citizenship.
Have a Cyprus EU identity card, though I've never been there.
My parents travelled on UK passports so I have UK patriality.

I reckon I owe $200,000.

As an Australian taxpayer, I will accept your payment in round 1966 fifties. Clean ones only please.

 

[BuggedOut]

NZ is definitely worth a look at the moment I think.

For my line of work particularly the nanny state trend in Australia is deeply concerning. NZ has more libertarian laws, better foreign policy, better economic management so there are a number of reasons I am attracted beyond the bug out factor.

 

[Gullintanni]

Non-resident holders of residential realestate should also pay a substantial annual levy.

WHY?
...

Internet forum dickheads should be taxed twice as much to pay for the added psychological care amongst the general non-dickhead population.

Lighten up butthead.

Look mate i never called you a dickhead but since you pointed it out I AGREE , you should be taxed twice.
In other news if there was any doubt before it is clear now you have ZERO idea about anything money

 

[SpacePete]

WHY?
...

Internet forum dickheads should be taxed twice as much to pay for the added psychological care amongst the general non-dickhead population.

Lighten up butthead.

Look mate i never called you a dickhead but since you pointed it out I AGREE , you should be taxed twice.
In other news if there was any doubt before it is clear now you have ZERO idea about anything money

FFS buddy, you spew your ignorant bullshit all over the forum. Give it a rest for a while.