It has become part of the so-called political narrative that a budget surplus is a sign of good economic management. Swan was largely responsible for this with his unnecessary claims of a surplus which turned out to be false. Ther Greens today claimed that there is such a thing as good debt and a surplus is not required. You would need to compare the interest paid against the benefits.
A budget in surplus means we can put the Money Back in the Futures fund all spent By the Labor party
the Futures fund was to pay Pensions that is why they are Looking at Raising the GST
The Coalition has made a rod for it's own back the Budget Emergency which they created then quickly dropped once they proved much worse economic managers then the ALP
National accounts are not like the family budget well targeted deficits actually stimulate the economy
Australia is paying 1.2 billion just in interest every month on the debt .
Think of what could be done if we didn't have to pay that .
The reason we are going backwards is because Labor booby trapped the budget and refuse to pass budget saving bills in the Senate .
Australia currently has a AAA rating but the world bank has said that if some thing isn't done about it soon we will lose the AAA rating and then we will have to pay even more in interest .
Stooges refuse to admit how bad and corrupt Labor are
when the liberal govt under Malcolm Fraser came to power they inherited a one billion dollar deficit John Howard was the federal treasure. Since then every liberal govt has done its darnedest to reduce the debt every labor govt has done its level best to increase the debt. Here is food for thought since federation in 1901 ever labor govt both state and federal, wishing three months of govt three things happen interest rates up unemployment up and inflation up. when will we ever learn?
the poor and the sick and the disabled and the unemployed ... who all are paying taxes ... are being forced to an existance beyond reasonable community expectations while the fraudulent liars are currently ruining this country to support all of their shonky thieving corporate mates ... but Karma will catch them with their hands caught in the piggy banks and they'll squeal like the pigs they are ..
A budget deficit is not a problem and never has been.
A budget in surplus means we can put the Money Back in the Futures fund all spent By the Labor party
the Futures fund was to pay Pensions that is why they are Looking at Raising the GST
The Coalition has made a rod for it's own back the Budget Emergency which they created then quickly dropped once they proved much worse economic managers then the ALP
National accounts are not like the family budget well targeted deficits actually stimulate the economy
Australia is paying 1.2 billion just in interest every month on the debt .
Think of what could be done if we didn't have to pay that .
The reason we are going backwards is because Labor booby trapped the budget and refuse to pass budget saving bills in the Senate .
Australia currently has a AAA rating but the world bank has said that if some thing isn't done about it soon we will lose the AAA rating and then we will have to pay even more in interest .
Stooges refuse to admit how bad and corrupt Labor are
when the liberal govt under Malcolm Fraser came to power they inherited a one billion dollar deficit John Howard was the federal treasure. Since then every liberal govt has done its darnedest to reduce the debt every labor govt has done its level best to increase the debt. Here is food for thought since federation in 1901 ever labor govt both state and federal, wishing three months of govt three things happen interest rates up unemployment up and inflation up. when will we ever learn?
the poor and the sick and the disabled and the unemployed ... who all are paying taxes ... are being forced to an existance beyond reasonable community expectations while the fraudulent liars are currently ruining this country to support all of their shonky thieving corporate mates ... but Karma will catch them with their hands caught in the piggy banks and they'll squeal like the pigs they are ..
A budget deficit is not a problem and never has been.