The Forum > General Discussion > Has the Coalition DOUBLED Australia's deficit? Yes, and here's the proof.
Has the Coalition DOUBLED Australia's deficit? Yes, and here's the proof.
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Pericles, that is a most extraordinary statement. You know full well that GDP and GDP-per-capita are nothing of the sort.
It is accepted across the world, but it is most definitely NOT a good way in which to track our increasing prosperity… especially in Australia’s case where massive population growth contributes enormously to economic growth!
<< The answer to this is that the steady increase of GDP per capita shows conclusively that the impact of immigration on our economy is positive >>
Bollocks!!
I bring you back to the FACT that infrastructure and services are TERRIBLY in need of massive improvement. Even the pro-growth GDP-worshipping Abbott government concurs with this!
The very fact that Abbott is our ‘Infrastructure PM’ says very loudly that something has gone terribly wrong over the last two or three decades that we have had rapidly increasing GDP and very high economic growth!
Why can’t you get this into your head Pericles?
It is so simple – the massive economic growth that we have had, now for many years, has simply NOT done what it is supposed to do… and has left us with a HUGE shortfall in terms of some of the most basic quality-of-life things!
I have to conclude that you can see this perfectly clearly but that you are just never going to admit it… and will do anything other than simply concede that the sort of economic growth and concomitant increasing GDP that we have had has NOT achieved improvements in infrastructure, services, standard of living or quality of life for Australian citizens.
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