Higher mortgages will be a problem for those who see big as necessary.
Those with their head screwed on won't even mention the word.
Like a lot of problems it is man made.
Life was meant to be enjoyable, not miserable.
There was some that found the stimulus spending very timely and handy.
To come to a narrow minded conclusion that money was wasteful, is very one eyed, conservative, and dead beat.

It'll be interesting to see what model stimulus package wall to wall Labor is going to use to invigorate our economy after the flood damage bill is not paid for by insurance companies.

Individual, wait till the mining companies start demanding a hand out.

Belly,

By calling a board member of the RBA a fool is not only defamatory, but exposes your gross ignorance of economics.

Basic economic theory indicates that when the economy is approaching full employment (5% unemployment) government stimulus competes with private enterprise for skills and resources (money) which increases wage inflation, increases interest rates, and displaces private investment.

There is a very easy solution to that dilemma SM.

If the government stopped telling lies about the 'low unemployment' and dropped the untruth about one hour a week being 'employed' we could have at least 10% unemployment overnight, maybe even 15%.

Problem solved!

Shadow Minister,
If people paid more for many of the menial tasks then others would do that work & we would see a decline in unemployment. As it stands dirty work albeit important does not attract decent pay whereas meaningless stimulus spending does.
I believe if people had to fork out more for the mess they create then they would create less mess but also we could afford to pay more to those who are willing to do the dirty work.
Economists contrary to popular belief do not contribute to the economy, they merely make it look that way whilst running everything into the ground at great cost to all of us. Bring on flat tax & you'll see real economic stimulus not to our detriment.