Turnbull and Morrison simply refuse to accept any responsibility for fixing the federal budget. To recap, we have:
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”
While Turnbull and Bishop try to chophold hands with the Saudis on human rights, let’s go back to what Turnbull’s biggest focus should be – the budget. You know, that thing which currently has a $400 billion dollar debt sitting on the books, with annual deficits adding around $35 billion to the pile each year – and to which our future prosperity is tied.
Continue reading “Editorial – Malcolm, We Have a Spending Problem”
When socialists are in power, it’s often only a matter of time before they run out of other people’s money.
It takes a lot to get Moody’s off their backsides and downgrade the credit rating of a ‘wealthy, well-diversified economy’, so full credit to Hollande’s administration for this achievement reported on Sky News:
A lot of people are still feeding over the carcass of the coup: how it happened, when it started, who did what and when. The inevitable ‘Turnbull’s biggest challenge is to unite the party’ talk has also started. While these issues deserve some investigation and analysis, we really should be focusing on something far more important for Turnbull.
The Marcus Review 