http://www.debtclock.com.au/ If you click the link you will see that the debt gillard is racking up is larger than most thought. While there are some on this board saying all is well and we are rich. This debt will need to be repaid, and the sooner we ditch juLIAR ( in a chaff bag out in the ocean ) the sooner we can get this country back on track.
Yeah, you're right. All is not well in Australia. During the GFC, our economy was hung, drawn and quartered, and we're still suffering majorly from the ill effects! The horror!!!
Hey Efjay Thats what the IMF wants, its wants all countries to be in debt to it. They encourage all governments of the world to borrow more, no i should say they force governments to borrow more since it is in their interest. There is one easy solution to all this TERRORISM blow the farkers away. In other words if all governments of the world decided that the IMF is nothing but an extortion racket and paid no mind to them what the fark can they o about it, ZIP and they will go out of business. We are headed the way of the US the UK and Europe. When will governments of the world stand up first and foremost for thier own countries and their people. Look at greece for example their prime minister is in the IMF's back pocket, how will the people of greece ever escape this tirrany. Not to mention our very own Julia Gillard, Wayne Swan and Bob Brown TRAITORS all of them. I say run the IMF out of every country, this world would be a better place. http://www.dailymail.co.uk/news/art...rozone-bailout-plan-allow-Greece-default.html
GET REAL TANK Greece has a debt ratio of about $40000 per person Australia has a debt ration of about $15674 per person We're not far behind and NO its not tiny!!!!
Panzer, you must realise, people are (*)(*)(*)(*)(*)ing over the fact that they will now have to spend $3.50 extra on their flights for the dirty weekend up to Queensland because of the Carbon tax. Now, whilst I say 'Cry me the (*)(*)(*)(*)ing Nile', these people are being stroked and caressed by a media hell bent on telling them that 'they're doing it tough'.
Well Tank Greece's population is 10 million or so our population is 23 million or so. The math is sound.
If you think a little over 1/3 is not far behind then yes, your maths sucks. Plus according to wiki Greece's GDP per capita is $27k whereas Australia's is $56k. See how you're just not equipped to handle this argument?
Costello was a great Treasurer. However I do not have any confidence in Joe Hockey. Wayne Swan has done a good job. Australia's economy is in -fantastic- shape, and the government is already committed to bring the economy back to surplus, think it was the 2012-13 budget right? I dunno why you think the Libs are going to be the better lot to reduce debt. This is not Costello/Howard, this is Abbott/Hockey. They are going to unwind carbon pricing, which will no doubt cost a crap load of money to do. So getting rid of that is a huge amount of revenue lost. Then they're going to spend god knows how much on 'direct action'. Nothing else I can think of that's gonna make a big difference to the budget. Their promise to find mega billions of dollars in 'savings', is just empty rhetoric without details. So no, Costello was a bit of a bastard but a bloody awesome treasurer, Joe Hockey... seems like a nice enough guy... but I don't have any confidence in him. And no we're not about to default like Greece is, lol.
(*)(*)(*)(*), why don't we just factor out Australia's entire GDP? BECAUSE THAT ISN'T HOW IT WORKS. We have twice the ability to handle debt as Greece, which means that we go from being just a little over 1/3 to 1/6. (*)(*)(*)(*), are we still only just behind?
Yea we are a bit of a way from Greece but now we are heading in that direction... I'll guess we'll be like the US soon. I mean Juliar wants a Republic, we are negotiating to have the US military based in the NT, we might as well just become a US state. If people think the debt is acceptable then they are ignoring that it has negative impacts on all aspects of government spending and has no positive impacts. We'd have to suck it up if the ALP's reaction to the GFC had of been the right one - but it wasnt. If we'd had the Libs in power they would not have spent so much because that is what they were telling the ALP at the time. As it turned out that would have been the best course of action because the GFC is not a one show pony.
I'm sorry, but this has to be the dumbest slippery slope I've ever read. One military base in Oz and one Republican PM and suddenly we're on track to becoming a US state?
That wasnt my point but now you mention it she does has a history of copying Obama doesnt she, what was it a few phrases and of course the wasteful mismanaged GFC response. My point was financially we're heading towards the US. If we go broke we might have to suck up to the US even more for security reasons so dont discount it just because it might not be in your lifetime.
No, she doesn't have a history of copying Obama. Where the hell do you pull this (*)(*)(*)(*) from? In fact, don't answer that, I think I know. And we're not following the US financially; they were the epicentre of the GFC, we just stubbed our toe and are now applying ice.
It's Australia's debt, not Gillards. Does Ejfay seriously mean to suggest that Gillard has gotten us into $130 billion debt? LOL.
I am saying that when the libs lost power there was a SURPLUS and now after a few years of labor we have DEBT ..yet again. Labor party= fiscal lunacy.
The debt would be a heap worse if it wasnt for the great management shown by costello and Howard. If the goverment didnt waste money on BS "green" schemes we would be far better off. If it wasnt wasting money on NBN we would be less in debt. If we didnt waste money in the BER program we would be in a better position.
So wasting money on helping the environment is worse than wasting money to spend on a war? Imagine how much money we'd have saved if we stayed out of Iraq and Afghanistan...
