Kevin Rudd is telling us he has found a 10 billion black hole in Abbott's costings.

He assures everyone he can do better than that.

He has already built a three hundred billion black hole on the countries finances, & he's sure to generate another couple of hundred billion more, if we give him another 3 years to do it.

Yep he can out do Abbott at wasting our money any time.

Well Haz, it appears that Rudd’s goose is cooked. So we are about to get three years of the babbling Abbott rabble, constantly telling us what they are going to do, and constantly changing what they are saying as it becomes evident, time and time again, that they can’t do these things as simply as they would like, or within the costing limitations that they have declared!

I bet that in three years time we will find that they are no better than Labor at all!

The only solace that I get out of this is that….. hopefully….. SURELY, by then, the good people of Australia will have realised how essential it is for us to embrace a paradigm of sustainability, and that Labor will have learned its lesson, prepared well, and be sitting pretty to undertake this task.

Folks,
I actually work for the Abbott team and I know (like the bookies) he will win. This is only my opinion but I feel that the first policy change will be to increase the GST despite promises to the contrary. If there is a senate block he will call a double dissolution and pass the problem/guilt onto the people. If he loses this the pity help the economy. The black holes will swallow the country.

The Economist:

http://www.economist.com/news/leaders/21584343-kevin-rudd-just-about-deserves-second-turn-lucky-no-more?fsrc=scn/tw_ec/lucky_no_more

"The choice between a man with a defective manifesto and one with a defective personality is not appealing—but Mr Rudd gets our vote...."

Hasbeen and Ludwig,
Pity that neither of you understand updated Keynesian theory.

A sovereign government, a government that issues a currency, can never go broke in the currency it issues.

In the current situation, where the prediction is that unemployment is rising, the Federal Government should be employing people and available materials to build needed infrastructure. The reduced unemployment outlays and increase in profits of those businesses supplying materials will tend to move the budget in the surplus direction.

There is no need for the government to owe the money to anyone other than the Reserve Bank which it owns and at the end of each infrastructure project the citizens, through their government owns a new asset.

Please read J D Alt's article at New Economic Perspectives about how well the USA emerged form WW2 by employing people, and paying for labour and materials by running deficits, to expand and utilise the country's productive capabilities. Once the USA emerged from that war Truman and Eisenhower put that massive capacity to work restoring Western Europe under the Marshall Plan.

chrisgaff1000,

So you << actually work for the Abbott team >>?

What as?

I don’t think Abbott would be very happy with your divisive comments about the GST so I’ve just forwarded your post to Abbott’s COS.

Keep your head down buddy, I don’t think you will be working for Abbott much longer.

Time to change your “handle”. Could I suggest “chris gaff 1001”?