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The Forum > General Discussion > Radical Treasurer Keen To Change Our Economy.

Radical Treasurer Keen To Change Our Economy.

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Pauliar,

Just as you are a liar and a fraud when you say it's the coalition debt as labor built a fair chunk of it and has continued to do so.

September quarter Labor's debt grew by about $25bn and the same is expected from the December quarter. So Labor's debt in short order is $50bn in 6 months and they don't even have a pandemic to pay for.

Labor is and always has been incompetent with money.
Posted by shadowminister, Monday, 20 February 2023 3:39:29 PM
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Aidan,

Labor loves to tax and spend, and in doing this they are boosting inflation and interest rates. They promised to be fiscally responsible and to continue the tax cuts. Any attempt to change this prior to another election will be another lie among many.
Posted by shadowminister, Tuesday, 21 February 2023 1:10:15 AM
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SM,

The flow on effects of the Morrison madness when it comes to debt will continue well into the future, another $25 billion in the September quarter. You can't rack up a trillion dollars of debt like ScumO' and Friedbrain did, and not expect long term repercussions. As we know Australia will be burdened with the massive Coalition debt for the next 50 years!

Are you saying the Coalition tax cuts are not inflationary?
Posted by Paul1405, Tuesday, 21 February 2023 4:25:26 AM
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Pauliar,

Labor's $1T debt has got even worse after Labor happily racked up $50bn in 6 months at a rate even faster than during the pandemic showing Albozo's staggering incompetence.

Australia will be burdened for generations due to Labor/green spending like drunken sailors.
Posted by shadowminister, Tuesday, 21 February 2023 5:54:32 AM
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"Australian Government gross debt increased from $534.4 billion in March 2019 to $885.5 billion in April 2022" That's about $350 billion in one year. The $50 billion is residual debt created by the incompetent Coalition. Its a fact the Morrison government had lower taxes and more spending for the big end of town!
Posted by Paul1405, Tuesday, 21 February 2023 6:51:24 AM
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Pauliar,

How's your dementia, the $25bn deficit was due to Labor's incompetence, and any flow on in spending stopped by June.

As for tax cuts being inflationary, the one thing I can count on is you half arsing it, as clearly you didn't bother to read up on the "cuts" that Labor committed to.

These "cuts" were primarily put in place to compensate for bracket creep that would otherwise reduce real wages and increase the cost of living. These should ensure that the tax taken on most taxpayers stays about the same %

The responsibility of the government is to reduce inflation by being fiscally responsible. That Labor is still spending like drunken sailors shows that they can't be trusted.
Posted by shadowminister, Tuesday, 21 February 2023 8:51:58 AM
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