Take a peek at Australia’s debt clock, the elephant in the room.

http://www.debtclock.com.au/

I had to have a look at this site today after I heard Swan lying through his back teeth regarding how robust Australia is economically.
I just had to check because he and Gillard keep saying it and I don’t hear Abbott debating it….in fact I have forgotten the sound of Abbotts voice…does he have a lisp? I can’t remember.

Anyway some interesting juxtapositions I noticed.

Our government is racking up debt at a thousand dollars a second.
Consumer debt is running at a thousand dollars every twenty seconds.
They are beating us 20 to 1.
Why is Tassy making money?
Why is QLD making money?
Why is WA losing money?
How is the ACT making money?

Why is Abbott out of water when it comes to fighting the fiscal fire that Labor has bequeathed to us?
Why are his strategists and advisers imbeciles and why is the Labor team so gifted?

Abbott is beginning to remind me of some of the buffoons that Velazquez painted in the Spanish court of Philip IV, lucky to be there.

Today Gillard announced a Stalinist adoration campaign in our schools in praise of a monumentally failed program…..Not a word from Abbott. It is all at his feet but he and his “strategists “do not understand how stupid the electorate is…..The vast vast majority do not know or comprehend the debt we are in. Which the Coalition with or without Abbott have the best odds of working towards retiring.

Finally, immediately upon hearing about this disgusting indoctrination of our children, Abbott should have announced Labors other gift to our children.
A $20,000 debt around their necks as soon as they take their first breath. At least Howard’s babies were born free, but sadly indebted now and they don’t even own a credit card.

Sonofgloin,

The debt clock really should be used by team Abbott. The populace understand graphs, and this one would surely demonstrate that however many times Swan uses the term 'our robust economy' it just ain't true.

Don Randall used a graph in one of his monthly e-letters regarding the illegals arrivals and costs to us under Howard and under Rudd/Gillard. Seen this way makes one realise just how bad it is under this government, in the same way as the debt clock does.

As Julie Bishop occasionally uses this site, maybe she will read your post and act on it.

Can't understand why Abbott is so quiet right now, when he has been given so many opportunities lately to make a case against the decisions being made. So far, not even a murmur about Gillard's 'captains pick' either.

AU debt is very intricate, and more to it than figures. Au actually makes money from our debt. Abbott knows this. So does Treasury who are pushing for more infastructure spending.
We need an expert to explain our debt, it's good bits and it's bab bits.

579>> AU debt is very intricate, and more to it than figures. Au actually makes money from our debt. Abbott knows this. So does Treasury who are pushing for more infastructure spending<<

How?

Federal Opposition Leader Kim Beazley has expressed alarm at the size of Australia's national debt.
Mr Beazley today told the NSW state Labor Conference at Sydney's Town Hall that Australia's $425 billion foreign debt was a risk to the economy and called for more investment in training and infrastructure.
"Over the long term no economy can sustain a mix of spiralling debt and slowing growth," he said.
"I believe John Howard and Peter Costello are taking us to the edge of the debt cliff.
"I fear Australia's credit card is nearly maxed out."
Mr Beazley said Australia would be unable to compete with emerging economies like China and Singapore without investment in education and training.
"For an unprepared country these are fearsome global competitors with low labour costs and vast economies of scale," he said.
"One thing is for certain - without investment in infrastructure and skills we cannot compete against the hundreds of millions of low paid workers at our doorstep.

As the AOFM annual report also noted, “the government has highlighted its commitment in the last two budgets to maintaining a liquid CGS market and it will continue to monitor the size of the market in relation to liquidity considerations.”
So despite which side wins the next election, despite the overblown rhetoric from some about the rise in gross government debt and working on the reasonable assumption that we are set to get a run of budget surpluses, gross debt will rise.
The more pertinent question is what the government will do with all the money it raises from issuing bonds that it doesn’t need. A nice problem for any government to have.