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The Forum > Article Comments > Abbott breaches trust on budget > Comments

Abbott breaches trust on budget : Comments

By Tristan Ewins, published 9/5/2014

Tony Abbott has breached trust on the budget, but Bill Shorten is not offering much more either.

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yabby

it isn't Abbott who knocked the stuffing out of the economy at the moment it is the scaremongering of the leftie commentators who are all scaring people about might be in the budget.

The current anti lib campaign currently being indulged in will end budget night and all the asses whose scares have proven to be wrong won't apologise or admit they are wrong will just carry on like Trissy in here.

Then they'll say; we weren't wrong it's all John Howard's fault.
Posted by imajulianutter, Saturday, 10 May 2014 5:18:38 PM
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Your analysis is spot on Tristan. But the good analysis is worthless if you don't take the logical action. Allying yourself to low tax, small government leaders like Rudd and Shorten is NOT the logical answer. You identified the answer in your article. The Greens is the right place now for people who really care about a compassionate and just society
Posted by RichardB, Saturday, 10 May 2014 7:03:57 PM
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"" You are going to spend the money of generations yet to be born, unless sensible people sit on your head & stop you.""
Posted by Hasbeen, Friday, 9 May 2014 11:24:35 AM

So Hasbeen, according to you, during the Second World War, when our survival was at stake, we should not have borrowed money to save the country and pay it back in the years to come? They borrowed piles of money to fight the war and the succeeding generations, who reaped the benefit of the peace, paid off the debt. And that is as it should be. Why should the generation who fought the war and suffer so much pay for it at the time and not expect future generations to help pay it off? It would have been impossible any other way. Your logic is not based on economics at all. It is based on the fallacy current since the 1980s, that a country's budget can be treated like a household budget. Absolute nonsense and the ratings agencies three AAA credit ratings for Australia under Labor also say so.
Posted by w ch, Sunday, 11 May 2014 2:51:29 PM
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With China accessing minerals and energy from Africa and South America ,our boom is over.

The selling off of all our Govt banks was the biggest disaster in our history . We have a $1.5 trillion economy which averages 3% growth and no longer have a Commonwealth Govt Bank to create any of this growth debt free.

Banks under the fractional reserve system can create from nothing $10 of loans with $1 of deposits. They also call this leverage. Currently or big four have leverage of 70 times our deposits. This is causing inflation of our housing market.

When your inflationary money also gets created as debt,this puts your whole country in more serious debt and negates any advantages to growth. Now our banks cannot create all this money without borrowing half from OS Central Banks. Our banks also have 40% ownership by HSBC, Citigroup and JP Morgan the very same people who have interests in these Central banks such as the US Federal Reserve.

This is why the emphasis in this country is to export anything we can lay our hands but these very same big Corps have major shareholdings in Corps like BHP. They also have major share holdings in all our media and control our Govts.

This is why both sides of Parliament are totally impotent when it comes to Governing and making decisions in our best interests. We are almost totally enslaved.
Posted by Arjay, Sunday, 11 May 2014 8:21:09 PM
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w ch if you actually do something useful with money, & earn a dividend, that's one thing, & can be justified. Borrowing money to give to the ne'er do well to piss up against a wall is a recipe for disaster.

It is this entitlement idea that has been fostered by you people that will destroy you, but unfortunately us with you.
Posted by Hasbeen, Monday, 12 May 2014 3:19:47 PM
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