The ALP is hitting Australia with record levels of Government Debt

Thanks Panzer, learn something new everyday. The actual archive file made for interesting reading. The whole decade of the eighties was a bit scary. I vividly remember the 17.5% in the nineties as it sent my olds to the wall. I ended up pitching in three times my normal rent to help out. We made it through. We have been blessed for a while now, however that could change in an instant.

 

Actually you can check out other stats here: http://inside.org.au/the-howard-impact/

 

PMSL, it`d solve the boat people problem too. All the boats would be going the other way.

 

That is absolute rubbish TV. Only a fool would take what they read in the Sydney Morning Herald as gosbel without further enquiry.

http://www.loansense.com.au/historical-rates.html

 

What's rubbish about the article? I'd be interested to hear what you dispute about it.

Check out this site also posted. The coalition as the great economic managers is the biggest lie in Austalian history. A number of us have been saying it for quite a while. Why doesn't this information get out into the main stream media?.........actually, you and I know why, we don't have to answer that question do we!

If Abbott gets a hold of us we are doomed. Especially if history repeats itself and follows the same pattern of liberal economic management outcomes as matched against true comparative international economic indicators as demonstrated from graphs from the Reserve Bank of Australia.

http://inside.org.au/the-howard-impact/

 

Didn't bother to check the source I gave you eh? Your interest figures and those of the SMH are rubbish. They are probably just another twisted Labor lie.

Ask yourself TV, if this was so, why isn't Labor yelling it from the roof tops? Because it's easily debunked rubbish, twisted stats from people with a political agenda.

The ALP, both state and federal has indebted us all to record levels. You can wiggle, twist and squirm as much as you like, you can interpret and re-interpret the facts as much as you like, you can twist, ignore and cherry pick the statistics as much has you like, you can spout Labor lies, rehtoric, slogans and political banners as much as you like but you can't change the fact that ALP has indebted Australia to record levels.

 

Hey, hey, hey, settle petal! Why are you so upset, are some of these stats bringing some home truths to light and make you look really shallow about following the biggest lie in Australia's history.

Mortgage rates had an upper limit(cap) of 13.5%. The official interest rate was actually up to 22% under howard and this is why this is not represented in home loan rates as the highest interest rate. The labor government deregulated the financial system of which this cap was obviously removed. Actually in fact, the 17% interest rate rise with labor was on the back of 2 huge surpluses, which dispel howards myths about surpluses and interest rates. As you could see by the graphs provided by the RBA Australia was massively ahead of other developed nations during keatings reign and picked up things dramically during hawkes reign compared to Frazer and howard as treasurer. Again, we are linked to a global economy and have to be compared. Howard's run as pm, was when the rest of the world were doing well!

This was raised on numerous occasions, but obviously the media didn't want a bar of it, because howard and the libs were batting for em! He threw billions into advertising on campaigns and products, and another reason why it is cheeky for the libs to bring up labors carbon price promotional dollars that were miniscule compared to howards GST and electioneering dollars. The media loved him, he was providing them with a good source of income.

You are only looking at it from a shallow perspective, it has to be put in context and compared to the rest of the world, after all we are all part of a global economy, and consequently stand head and shoulders above most of the developed world. The NSW state government were in quite good shape, it was all of the internal misdemeanours that ruined them.

 

You didn`t fall for the cheap little dodge job, did you slippery?

 

This is the stupidest argument. I owe more now then when I was 5, wow I must be worse off now then when I was 5, well I'm not. Debt HAS to be related to population or it means nothing, nothing at all. If country A has a debt or 10 billion and country B has a debt of 10 billion, which country is worse off? Seems easy to answer doesn't it, but country A has 10 million people, country B has 1 million people. It is now easy to see that country B is worse off, or is it? Country A has a GDP of 100 billion, and country B has a GDP of 100 billion. So the figures each on their own tell us little, but together it is clear that country B is better off, in a better position to repay the debt and less likely to need to run it up again.

 

and in here too.

If Howard had high interest rates dont forget he inherited the recession we had to have from Keating.

So in effect it was Keating who gave us the high interest rates not Howard.

And i'm a labor supporter, truth must be told.