*Australia could increase its debt to six times current levels and still have lower debt than the USA, the UK, France, Belgium and Japan.*

Why on earth should Australia emulate any of those countries? It is exactly because we had so little debt, that we came through the GFC so well. We hardly want to land up a basket case like France, which relies on Germany for its currency strength. America has the advantage of innovation and a free market, unlike us, as well as being the global reserve currency, strong because of so many basket cases around. The US can borrow in US $. Australia cannot and given that we still run a current account deficit, despite great terms of trade, what we really need to do is get real about costs. Apart from mining and agriculture, most of the rest of the economy is built on ever more expensive houses being built for ever more migrants. Hardly sustainable in the longer term.

KIPP

Today, same paper, same story, same data ... different pollster.

ABC 24 news. Today, same story, same data, same pollster.

Kipp, where to now? Seems you have two messengers to shoot today. lol.

oh and Kipp when Abbott and Pyne were asked, in a news conference screened on ABC 24, whether such a result was poetic justice. Both men could barely contained their laughter as Abbott said. 'There is still two weeks to go.'
Kevvy abandoned a planned debate in Griffith last Thursday, when news of the polling broke. He bolted to Melbourne, uis now holed up in Canberra ... probably sulking (my opinion), and likely will not visit Griffith again.
Tony Abbott is likely to visit the Bulimba Festival tomorrow. That festival is a yearly highlight in Griffith. Normally that festival would be blessed by saint kevvy and his presence would be huge on his calender given he has regarded Bulimba as his personal Duchy.

yep I am laughing my head off.

i recall advising kevin that..most people
are a FEW DAYS AWAY FROM POVERTY..and that bailing out the bankers..NEVER trickles down

so i advised him..to..spend a fraction of what a bank bail out would cost..and bailout the banks via depositing the needed cash with the poor acount holder's

i explained..some of the money theory..[via lots of links]
but these largely..were ignored

he made wayne thank me
via an email..but we got our bailout..not the bankers

my further concern was that with default
homeowners would loose equity..as the market got overwelmed
[and as now is happening..speculators snap them up..[at pennies the dollar][and get free tax incentives to send us all broke

add the rent assistance
as we subsidise these greedyxsharks

it must also be noted..that IF he had of taken further advice
[to only bailout..likely default..

*ACTUAL default..
thenonly,,when*.;.HOMEOWNERS were going to ACTUALLY..default..to bail them out....not the money changers wanting to send us broke

that would have cost only a fraction..now piisssed down the drain
which will shortly begin..*hyper inflating..as the poor CONTINUE stagflation..and the rich..[ALLRREADY..too big to fail..get even bigger

but now
stuff the money changers
let the,just try it again..again and again
its insane..now we got to war..in syria..
http://forum.onlineopinion.com.au/thread.asp?discussion=5978#170492
just like bush did last time

just so we cant commenorate
let alone think about.. the lies of 911..that beat up
revenge for the bushe cartel oil acces..and its long planned revenge

*buy back..the fed
next time..dont bailout banks..save the system
reinflate the TRUE/value inflation has stolen..from* our coinage

its devalued 100fold
thus weere one cent bough much..in days gone by
simply by govt saying so..one cent=one dollar..80cents deemed to equal.$50..ie bailout THE POOR*..

who have long ripped off the most.

just the basics tony
kevin is dead in the water..unless he talks of war..like bushe howard did before stealing an extra trillion..on greed/destruction/war

With hindsight, many economists recognize that John Howard's economic management was world class, and that Labor's management of the economy was less than competent. The $9bn cash splash has been shown to have generated less than 1% of the economic activity it was supposed to do, and the school halls debacle provided buildings of minimal use to the country for double the price of similar buildings done in the private sector.

The result is that Labor's election campaign is desperately trying to avoid talking about the economy.

Dear SM,

Talking about avoidance ...

What about the Coalition's policy costings?

What about giving actual facts and figures on
this country's economic standing.

As Alan keeps telling you SM you really aught
to stop reading what comes down the MSM colon -
especially The Australian.