I know what you're saying Dr. Venkman
I took my family to The Sunshine State in January and it pissed down the whole time we were there. I dared to start a "discussion" on here, only to get the usual ridicule from one of the usual suspects, and then had the thread closed for being so stupid as to think that the "Sunshine" State would actually be sunny....................................
Really?Originally Posted by BenG
A billion seconds ago, Margaret Thatcher was Prime minister
A billion minutes ago, Jesus walked the earth
A billion hours ago our ancestors were living in the stone age.
A billion days ago no-one on earth walked on two legs.
But a billion dollars ago was about a week, at the rate that our government is spending money.
It took the coalition about 4 years to pay off the 96b debt that the Hawke/Keating governments ran up. By the time we get rid of the useless bunch of bastards in gov't at the moment, my grandchildren will be paying it off.
Here's a question - before he became treasurer, how much financial experience did Wayne Swan have? I'll give you a clue - it's a very short answer
How did they pay off the debt? Maybe cuts to health, education etc. Also how much financial experiance did Peter Costelo have? I'll give you a clue - it's a very short answer
out of order
If you look at the two debt clocks mentioned, they both have different figures!
You'll notice the first one has a scarey counter spinning out of control but the counter with my share doesn't change.... it's bullshit
we're going to be in surplus next year [or the year after].
Chuck, sometimes it's better to form our opinions on outside analysis. Stanford University's Hoover Institution had this to say about Hawke/ Keating:
At their best, these two politicians led one of the most impressive Australian governments. From the left, Keating drove the structural reform of the Australian economy that the previous right-of-center government had made necessary through its neglect. Keating deregulated banking and the financial system, floated the Australian dollar, cut trade tariffs and began to privatize state-owned banks and airlines.
John Howard's Australia: John Howard
Last edited by peter600; 11-02-2012 at 11:14 AM.
Read my post again....
20% of GDP.... That is all we owe.
I owe the bank 1.3 times my annual salary.
Many people take out mortgages for 4 times there annual salary.... It's normal. It's serviceable debt.
And yet when the government borrows just 20% of its GDP, less than any other major developed nation, people start jumping up and down and waving their arms around?
You are just another one of these people who likes scaremongering by throwing big numbers around, instead of actually putting things in perspective. 20% of GDP is nothing.
Just my view
Last edited by tonka128; 10-02-2012 at 11:34 PM. Reason: remove bolding
I don't have credit card debt. All you other bastards must be living well outside your means.
[SIGPIC][/SIGPIC] [CENTER][B][SIZE=7]Found mine Brudda.[/SIZE][/B][/CENTER]
Yes that is true, but 20% is still more than zero, and it still has to be paid back.
BTW, what did we get for our money? Pink batts, green loans, overpriced and useless school halls?
If the money that was spent was spent on something useful - perhaps big infrastrucure projects - I wouldn't mind, but it was just pissed up against the wall by the useless bunch of pricks that we have running the country now
I don't put Hawke/Keating in the same category as Gillrudd. While I didn't vote for them, I never considered them incompetent. They had visions and goals, and made a number of very worthy and significant reforms.
But this mob - jeez - what do they stand for, other than staying in power? What visions and goals do they have? Gillard only ever speaks in mindless cliches, and they are utterly, utterly incompetent. I've never been more scared for the furture of the country than I am now.
Just my view
You deleted "...that the previous right-of-center government had made necessary through its neglect."
Yes, history tells us we did have to have that recession, our banking system is now the envy of the rest of the world- all four Aussie banks are rated in the top ten in the world.
Interest rates? I'd rather have rates up by 0.06% [that's going to cost an average borrower about 144 dollars a year, I believe] than face what people in Europe are atm. My relatives in the UK are not happy, we don't know the half of how tough things are getting for the man on the street over there.
And those tariffs? They were protecting an inefficient manufacturing system and their profits. Would you like to pay $5000 for a badly designed, poorly constructed fridge? Because that's where we would have ended up!
Read the rest of the Hoover Institution's report. Particularly the bits about Keating's view of our relationship to Asia as opposed to Howard's.
As I said, interesting to see how we look from the outside.
Edit: I have to say Howard and Costello picked up the baton and ran with it going forward as well. So, today we find ourselves in a position much of the world can only dream about.
Last edited by peter600; 11-02-2012 at 01:23 PM.
I have been watching these debit clocks for 5 years now and I have lost all confidance in thier validity.
the historical numbers even change. 2 years ago Australias debit had never exceeded 40 bill now the clock shows it above 90 bill 2000 go figger,
same with the Tazi Auz debit clock, sometimes WA and Queansland are in the black then 2 months later we are billions in debt just dose not make sence. the variation between the Auzi clock and the world debt clock is rediculas. 2-3 years ago they where reporting almost exact same debts. I wonder where they get there data from.
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