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Rudd: crashing not crashing through : Comments
By Jo Coghlan and Scott Denton, published 27/2/2012Without roots in the ALP Rudd has no chance, now or ever.
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Just to help you a little. We started with $22bn in the bank, no debt as we had paid off all the $94bn left by Hawk/Keating, and we had a future fund with a further $40bn. Got all that?
Now we have already spent the $22bn we had in the bank and already raided the future fund by $4.4bn to pay for the compensation for the CO2 tax that we will now have to pay. We have already spent a further $220bn that we don’t have so we borrowed it. That is costing us $112m every day in interest only repayments.
The national debt does not include the $60bn that the NBN will cost as our brilliant treasurer, “send us down the river” Swannie, has decided to put it Off-Book as an asset for future resale? God help us.
It appears that your brain cell count might not be as high as previously thought. Perhaps you might consider a new screen name round about the 100-120 mark? Just a suggestion.