The Forum > General Discussion > Senator Ann Bressington Exposes Agenda 21
Senator Ann Bressington Exposes Agenda 21
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Arjay is wrong about the national debt. Anyone interested in the national debt situation should follow the arguments of Professors Wray, Black, Kelton and their associates from the University of Missouri, Kansas City on the New Economic Perspectives blog. Bill Mitchell's blog, Billyblog runs similar arguments.
William Black wrote a book, "The Best Way to Rob a Bank is to Own One."
Australia needs a common weal bank like we had as the Commonwealth Bank before those neo-liberal dupes Hawke and Keating fell for the completely crappy argument that real assets should be privatized.
The present high power prices are really nothing to do with poles and power lines, it is all to do with windfall profits, available from the idiotic bulk power pricing system that followed privatization.
Starting in about early September the efficient NSW power station at Eraring was off line for eight weeks. For that period less efficient power stations were on line and all power was bulk billed at the price necessary to keep the worst of those power stations on line. Every efficient privately owned power station, including Victoria's brown coal fired plants received a windfall profit and we, the mugs, will eventually pay the cost of that windfall.