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The Forum > Article Comments > No sale as punters fail to buy Swan's budget > Comments

No sale as punters fail to buy Swan's budget : Comments

By Graham Young, published 23/5/2011

Labor's budget tried to keep everyone happy and ended up satisfying no-one.

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Unless Labor get back to the grass roots which germinated its' party,it is finished as a political force.They have betrayed all Australians by selling off Govt assets like the Commonwealth Bank.This Bank used to create some of our infrastucture debt free.It also kept our taxes lower by creating a small % new money to equal increases in GDP + inflation.Now all of our increases in productivity + inflation get expressed as debt.This why the GST was necessary.It is there to cover debt to the private banking system.Our Govt cannot ever escape this debt based system of money creation unless it once again creates the new money to equal the productivity of all Australians.This reality has never fully existed in our economic history.We were always beholding to the mother country and its'economic masters.

The more productive we are,the more debt we incur.
Posted by Arjay, Monday, 23 May 2011 7:32:16 PM
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