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Bounce won't stop that sinking feeling : Comments
By Graham Young, published 24/1/2011Queensland Premier Anna Bligh has performed well during the Queensland floods, but gains won't last.
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All our new money to equal increases in GDP is created by the private banking system as debt,when in fact should created by the Govt as a tax credit.This is why the more growth we have,the more debt we incur.We can never achieve growth rates of China @ 10-12% because our growth is based on expanding debt.
Neither of the major parties have any courage or vision,they fall in line with what the large corporates tell them.That is why our Govts are so useless and impotent.They do not Govern for the people.