Actually Belly, I am looking at the economy with no glasses.

Have a good hard look yourself and tell me things are rosy.

You had better brace yourself for a lot more strikes old mate.

To take the country as a whole we are doing exceptionally good. QLD has man made problems with CN wanting to demolish the state in five minutes.
Is that what QLD voted for, or was that an unmentioned agenda.
Your posting is confusing state issues for AU.
Unemployment is in good shape. Your argument is predictable.

579, no point you complaining about the QLD & NSW sackings;

You do not have the money to pay them !

Bazz, they do have the money, they simply borrow it.

They (government) have no idea how we are going to pay it back, that's why they are looking under every rock possible for ways to increase taxes, as there MRRT and carbon taxes look like being a flop.

Remember those famous words, A surplus at any cost.

Boy those words are going to come back to haunt him.

It was stated in parliament 2 days ago, the surplus is on track.
Why raise taxes, you keep telling us about all this wasted money in the system, so you answer your own question. When this wasted money is retrieved some people will complain, because we can't suite everybody, can we.

On Tuesday night I attended a meeting organised by the Sustainable
Population Australia organisation.
The key speaker was Richard Heinberg. (End of Growth)

One major point that he made in his talk was about peak debt.
It appears that the amount of credit that has been generated by banks
and central banks has reached the point that the debt cannot be
repaid in an economy with no or low growth. eg Greece, Spain & Italy.

It is inevitable that at some point soon a crunch will occur.
One suggestion, that a cargo can not be loaded on a ship because a
free on board cannot be issued because a bank refuses or is unable to issue it.

My thought; This may well happen before fuel problems occur.
With China winding down, will the resultant GDP be enough to repay our debts ?