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The Forum > Article Comments > Chalmers offers Australia a New Deal > Comments

Chalmers offers Australia a New Deal : Comments

By Peter Fenwick, published 13/2/2023

The good people are now in charge. Young, handsome, wise, thoughtful, caring Jim Chalmers is here to reassure you.

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If my history is correct, then FRD was a republican, wasn't he?

Some of the new deal policies were popular and put thousands to work. The whole object of the new deal was to put money into a stalled economy and put food on tables.

Some of the other stuff like farm subsidies and jettisoning gold was stupid and designed to shore up political support.

Throughout the course of recent history, it was the republicans that created the biggest debt and budget deficits and the democrats that reduced them.

History doesn't lie even if some extreme right-wing activists do. The new deal preceded the most profitable post war period American has known.

And has most gone backwards since as the republicans tried to unwind ever bit of progressive social advance that came with that post war economic upswing! I mean the basic wage stayed the same for thirty solid years. Selectively deaf and selectively blind Chalmers says much but promises nothing real. And could probably sell refrigerators to Eskimos.

It's all so much political rhetoric. And avoids the elephant in the room, cheaper than coal, nuclear energy. AS long as that is off the table, Australians are going to pay through the nose for energy transport and all the stables of life.

Defence spending will need to be supressed to meet needed budget constraints at a time when it needs to be massively increased and manufacturing needs to get up off of its knees and resuscitated instead of being forced offshore by massive/terminal energy price hikes and energy created, inflation/wage price spiral out of control.

The clear tenor of flawed Labor policies is to protect coal, gas and renewable energy, and through them, possibly political family trusts?
Alan B.
Posted by Alan B., Monday, 13 February 2023 11:24:59 AM
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The globalists must love Australia,
No need to overthrow the country, put in a puppet ruler or threaten us.
Our leaders lead the march themselves and even make them look timid.
Posted by Armchair Critic, Monday, 13 February 2023 11:32:04 AM
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"Throughout the course of recent history, it was the republicans that created the biggest debt and budget deficits and the democrats that reduced them."

US debt went from 5 trillion to 32 trillion under the last 4 Presidents, Bush, Obama, Trump and Biden.
- Seems about equal to me.

The deep state ensures presidents do as they're told and continue the US foreign policy no matter who's in charge.
Both sides of politics need each other, or else their game would be up.
Posted by Armchair Critic, Monday, 13 February 2023 11:36:34 AM
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Through a post war period our economic growth here in Oz was unprecedented. And created by some so called socialist policies. Like the public ownership of all our power generation/domestic and industrial supply. Banks, insurance companies. And all the cash cow public utilities, plus a couple of airlines.

One of which was claimed as the safest airline in the world and also the most profitable! And beside them were competing and complaining private airlines. A duel, public and private economy, that worked.

That economic progress and sanity progressively would back by as thick as two planks, conservatives/idiot ideologues.

And still they (ttbn and co) bray against what once worked and made Australia the third wealthiest nation on the planet and a creditor one at that! Recorded history doesn't lie!

If we are to have a new deal, let it be one that includes the worlds cheapest energy (walk away safe MSR thorium/MSR nuclear waste burners) and through that a completely rejuvenated manufacturing sector and the high-tech manufacturing companies beating a path to our doorstep! And industrial power prices that could be as low or lower than 1 cent PKWH!

Forget that nuclear energy is also carbon free! After all, it's the economy stupid.
Alan B.
Posted by Alan B., Monday, 13 February 2023 11:54:01 AM
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America owes 32 Trillion. Who to? Can they foreclose?
Posted by elizabeth4, Monday, 13 February 2023 11:55:31 AM
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"America owes 32 Trillion. Who to? Can they foreclose?"

America’s national debt has now surpassed $31 trillion
CNN - Published 6:31 PM EDT, Tue October 4, 2022
http://edition.cnn.com/2022/10/04/economy/us-national-debt-31-trillion/index.html

Who does the United States owe nearly $31 trillion in debt?
- Foreign governments as well as banks and private investors, state and local governments and the Federal Reserve own most of this debt, and it's held in Treasury securities, bills and bonds. Foreign governments and private investors are one of the biggest holders of the public debt, owning around $7.7 trillion.

- This number does not includes state and local debt.
Posted by Armchair Critic, Monday, 13 February 2023 5:44:06 PM
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