I have always believed that when the muck hits the fan there is a first thing to do. Turn off the Fan - not turn it up!

After turning off the fan a decision can then be made as to what to do next.
Clean the fan.
Remove the fan.
Replace the fan.
Or even just turn it on again.

What has been achieved is a new credit card has been used to pay for the stimulus.

As for the children paying for the debt incurred. All pensioners and welfare reciepients will pay first as there will be a downward pressure on increases blamed by the stimulus debt. Much the same as the downward pressure placed on workers wages by increasing immigration numbers beyond a sensible level.

Good question on the ESP Belly, "How much would we pay without it?"

Can you pass that question up the line and get an answer? I can't find any costings for the "to spend or not to spend" question.

At least half the Australian population should know what the costs of "no ESP" would be and to be fair, all current and next generation tax payers are entitile to know.

Surely someone did some costings before spending $42bn?

The foreign exchange debt will become unmanageable when and if a
recovery starts. Oil consumption will rise again and the price of oil
with it. We now provide less than half what we use and the annual cost
of imported oil will bankrupt the country, especially if other
exported resources do not rise in price to the same extent.

At last July's price we would have been spending at rhe rate of
$33 billion a year. So you can add that to whatever the interest rate
turns out to be.
BTW, has anyone heard who is going to advance this $200 billion plus ?
I heard that there is a credit drought ?
Perhaps Kevin is going to pray for rain.

Bazz,we get the $200 billion the same way the central banks get it.We manufacture it from cyber space and get the RBA to loan it to the Govt.Since it is a loan that must be repaid,this in the long term will keep inflation in check.The difference being,we can pay a low interest rate and take long time to repay it.The RBA wins and so does the people of Australia.Tell the IMF,world bank and the others to get nicked.They have caused this debacle via the debt trap.

Pelican,

It seems to me also that handing out cash is merely a short term reprieve, solving nothing. However infrastructure spending takes a long time to fully make its way into the economy, often many years.

Whilst less than ideal, cash handouts are far more likely to have an immediate impact on the economy, which seems to be the goal.