In 2006, the federal government had $45 billion in net assets (4% of GDP). Today, it has a cataclysmic $400 billion debt on the books, which is budgeted to grow to $480 billion within the next four years.
Continue reading “What Did We Get for Our $400 Billion Loan? (Part 1)”
The hunt for where our money went continues here in Part 2:
Continue reading “What Did We Get for Our $400 Billion Loan? (Part 2)”
The hunt for where our money went continues here in Part 3:
Continue reading “What Did We Get for Our $400 Billion Loan? (Part 3)”
Emily Moulton of news.com.au asks whether WA squandered its ‘mining riches’:
IT HAS been billed as a once in lifetime boom, one that brought unprecedented riches to the ‘wild west’. But what has Western Australia actually got to show for the mining boom?
For many years, WA was long been regarded as the poor, long-distance cousin, the one you saw at family get-togethers but never really paid much attention to.
Aside from demonstrating her sheer ignorance to a whole state of people and the contribution they have made to our country (17% of national GDP in 2013-14), Continue reading “At Least WA Has Something to Show for it’s Debt”
After years and billions of dollars wasted, Obama finally admits he has botched things in Syria:
Scaffidi digs a deeper hole and attempts Julia Gillard’s ‘young and naive’ defence:
A defiant Ms Scaffidi was last night digging in, rejecting the CCC’s finding she had “signally failed in her duties as lord mayor” and blaming her actions on inexperience and advice from others.
Continue reading “Scaffidi Digs in – Paul Murray Mysteriously Defends Her”
When is someone in the mainstream media going to hold Bill Shorten and Labor to account and ask the obvious questions on their plan to ‘modernise’ Australia’s energy production? Here are some to get started with:
Not that anyone should have any sympathy whatsoever, but this is the last thing Scaffidi needed during her City of Perth re-election campaign:
The Corruption and Crime Commission said on Monday that Ms Scaffidi had ‘signally failed in her duties’ by not disclosing in her annual return the US$36,800 hospitality package, which included luxury hotel accommodation and business class airfares.
Continue reading “Perth Lord Mayor Engaged in ‘Serious Misconduct’”
Nauru has announced that it will end the detention of 600 asylum seekers it is holding.
Not only is this not good enough for Ian Rintoul of the Refugee Action Coalition, but he has also decided to level this unprovoked broadside at the good people of Nauru while he is at it:
Continue reading “Refugee Advocate – Nauru an ‘Island Gulag’”
Full credit to the people of Portugal for not completely giving in to socialism and shameless populism. I say ‘not completely’ as they now have a cross-bench issue not unlike Australia’s:
Continue reading “One Country Takes Its Medicine, Another Refuses”
The Marcus Review 