Butch You want labor to kerb spending.
Which particular spending would you like to kerb.
Do you know what the money is being spent on.
Your opinion differs from that of treasury, they are quite comfortable, you claim to know better.

@ 579

<<Butch You want labor to kerb spending.Which particular spending would you like to kerb>>

Can't speak for "Butch" but here's a couple of junkets that we should cut for starters:

1) "Washing machines, microwave ovens, DVDs and plasma TVs are among a 60-item welcome gift pack for asylum seekers offered rent-free homes in the community.To fulfil a promise to move an influx of families out of detention, the Gillard Government is now fitting out each home with up to $10,000 worth of furnishings and electronics.
http://www.dailytelegraph.com.au/welcome-asylum-seekers-chris-bowen-and-julia-gillards-ship-of-fortune/story-fn6b3v4f-1226273358603

2) "When Immigration Minister Chris Bowen announced the plan for the 1,500-bed centre in March he said it would cost $9.2 million for capital costs.

It was later revealed the land lease would cost a further $74 million over three years.

Opposition immigration spokesman Scott Morrison says the tender details which have just been released show it will cost $200 million"

http://www.abc.net.au/news/2011-11-05/detention-centre-costs-blowout/3637278

And all because the ALP couldn't say -- NO!

I thoroughly enjoyed the report on Bavaria, individual. It was a bit of an eye-opener. What's interesting (to me, anyway) is that for a long time the Mittelstand model has not been taken seriously. The idea of saving to buy (rather than borrowing to speculate), taking risks with your own money and keeping your business to a manageable scale conflicts with many of the trends of the past century. Hell, if you speak to Germans from the north and west of the country, you often get the idea that the Germans themselves don't take the Bavarians too seriously. When the chips are down, though, it's the modest Mittelstand businesses that remain solvent.

We have an economy that one day could be called as the Great Gut - a time of emptying the vaults of natural wealth - the superannuation of our children and their children.

It is a period of governance as Gatekeepers, no vision no leadership, just of allocating wealth some of which is being directed to propping up the moribund, such as the car industry. Playing Poison Parcel with the living dead.

This period of the Great Gut (and its manifestation of the burgeoning waistline, the gut) must surely go down as the 16th century Spain when within 100 years of the Americas, rotted) conquest under the pseudonym of the "developers".

Australia does not have governance, just "cricket players".

It appears that the australian welfare system is favouring those who fare well.

Arjay, I hate to spoil your theory, but Australia has one of the lowest public debt levels in the developed world.
Even right wing economists agree that the GFC stimulus (a significant contributor to the public debt) was the right thing to do.
Australia could double it's public debt and still be lower than most developed counties.
Psychologists have found two interesting facts about the internet and how humans relate to it.
First, we tend to believe what we read on the net, (linked to humans' tendency to believe the written word over the spoken word).
Second, we humans tend to assign unrealistic levels of urgency to what we read on the net.
Honestly, mate, I think you're falling into both traps.
Anthony
http://www.observationpoint.com.au