Is Oz too big to manage effectively ?
Take NSW its about the same size as Germany , why is Germany so productive and so well organised politically what have they got that we lack ? Cut loose from the dead hand of Australia "Canberra" would NSW become a "Can Do Country" ?
How about VIC & SA combining what a hoot!
And all the people who can't figure it all out can migrate to Tassie make it compulsory and slowly die out.

Gazzaboy..yes the Howard governments repayment of Labor's debt was a very big and responsible deal. Thank God they did then..imagine where we'd be today if they hadn't!

Finance 101 basics is you spend on useful assets such as bridges and infrastructure that is an ASSET and goes to the country's on book balance sheet as an asset to correspond with the debt incurred. Not on pink batts, overspending on schools, computers schools can't use, UN Security Council seat, installation of solar panels and green energy which is ridiculously expensive relative to lower cost forms of energy systems.

This excludes all the off balance debt and accounting fiddling that Labor uses to defer additional expenses to futrure years.

If you were to waste that same money on cheque handouts willy nilly, excessive royal commissions, consultants, lawyers handouts..that all goes to expennse..leads to a massive shortfall and budget deficit which leads to increased borrowings and debts rather than have that surplus available to pay off Labor's debt.

Not surprising the current decline in the Australian econonomy when you can count the number of current Labor Ministers when any sort of financial or business experience.

Suggest it be mandatory that any Minister have at least run a small business in Australia before being elected to their position.

If you want to learn about history and economics see http://www.youtube.com/watch?v=swkq2E8mswI This is the story behind the Wonderful Wizard of Oz. L Frank Baum wrote this at the height of the 1890's Depression with a purpose.

In 1873 the elites removed all the silver money from Western economies and replace it with their gold.Since they had most of the gold,they assumed most of the wealth.We here in Aust had also a shortage of money and used Spanish coins and even Rum as a currency.

In the book Dorothy had silver slippers and the yellow brick road represented the slavery of gold since the elites dictated the price of money.

L Frank Baum accompanied William Jennings Brian in his pursiut to become US President.He was known as the "Lion" for his public speaking prowess against the gold bugs.In his book Brian was the Cowardly Lion.

The Tin Woodman represented the factory worker who needed oil or the liquidity of money to move.The Scarecrow represented the seemingly ignorant farmer,but he too knew what really mattered.

The Wicked Witches of the East and West reprented JD Rockerfeller and JP Morgan ,the two major banks in the USA at that time.They were defeated by water,again liquidity which represented money.Dorothy had the sercet of her freedom at her feet ie the sliver slippers which the Wicked Witches lusted after.

So see 'The Secret of Oz' above and know what needs to be done.

New money which represents our increases in productivity should not be created AS DEBT BY PRIVATE BANKS.This means they own us and our Govts totally.

Both our major parties are servants to this banking cartel that assumes wealth and creates nothing of tangible worth.

The Reserve Bank of Australia should be creating new money for our banks so we pay less tax and have less debt.

Surprise, surprise, but not really, there is a report in todays press of an IMF study which found that Howard was the most irresponsible big spender in Australian history.

Come on Daffy BS baffels brains but your BS lacks credibility.

Daffy,

It is ironic how the the IMF claims that Howard had the most prolifigate spending when there was record low unemployment, record budget surpluses, and, record low taxes, and record economic growth.

Apparently the billions spent by Juliar wasted on school halls etc, and the hand outs that were supposed to be use to lower company tax, were not wasteful?

Sorry, but it does not cut the mustard.