We were apparently in a "Global financial crisis" under the previous Labor Government. This is despite ABS data stating: "The effect of the crisis on Australia has been considerably less than in many other countries."

We had a large amount of taxpayers funds spent to build school facilities (which blew out financially). Did Labor really support education - or was this economic policy to simply impress financial experts on television?

Now under the Liberal Government, we're facing charges & budget cuts.

One example is foreign aid. Is this because some in the Liberal Party do not support foreign aid in principle - or are we in a "crisis"?

Councils are also constantly putting up rates - but maybe some real "reform" is needed for all three levels of Government to get Australia out of this "crisis" mode?

its too blooming obvious
we are the only home..[in the street]..wanting its mortgauge..paid off instantly[others are yet growing their debt..[but in the end as i told rudd..]we will need simular debt/ratios..to kep the dollars low

instread the libs keep building huge slush funds[to try to lever out the same old faces]..into a nice slush fund[5 dollars of the 7 doctors must collect..no less..its going to make a 20 billion slush fund.]..some nice bonus for mates..in all these slush funds.

here is a better idea/shut down the privatised public servant slush fund[currently holding over 120 billion..in loted assets/the public servants stole from the people over time...and use the 120 billion to pay down state debt/cause fed stopped paying.

but states cant mint coin[ie cant revenue raise]
the system is so screwed up/now the mongrels selling off the royal mint*..[thats treason]..the servants hid a lot of loot/reciepts for gold/but the reciepts leased the gold/but the leaseholders sold rented gold..[the proof to this crime of treason caused the debasement..of hrh coin,..

its proof of treason/yet their privatising the royal mint/its treason..once the bankers get that/they own the rights to the quens tyreasure/and a licence to prinbt money/govt will borrow to build more assets it then sells of to its mates..again/and they mongrels blled us dry/to sustain huge frauds.

Nhoj seems Oz was able to escape the GFC by sticking kids in roofs and cooking then to a crisps. Makes a change from sticking them down coal mines! I suppose. Again what was the GFC nothing more than the greed of Capitalism, killing kids, makes a change from killing them in one of their crazy Asian wars! I suppose.
When the 'GFC' hit Rudd and Labor proved once again they are the slaves of Capital just as much as the Conservs are.

http://www.google.com.au/search?q=debaSEMENT+IS+TREASON&
DAMM POST SELF DELETED..THE REAL CRISIS..was fully induced/to allow ongoing treason.

Dear Nathan,

<<We had a large amount of taxpayers funds spent to build school facilities (which blew out financially). Did Labor really support education - or was this economic policy to simply impress financial experts on television?>>

I have seen one of those school developments - a white elephant!
A huge hall full of electronic gadgets, but hardly in use - you cannot even turn the lights or the air-conditioner off: it turns off automatically half an hour after no persons were detected in the building. In order to avoid interference with all this bright and shiny equipment, children are faced with an impossibly long list of unfriendly "Don't"s.

It was not was schools really needed, but principals didn't object, saying: "if someone throws money at us, we can't say 'No'."

Meanwhile, as the government paid for all those school-projects, built all at once, it was impossible for ordinary people to get hold of a builder or an electrician for home-repairs - they were all out there making the fortune of their life in those unneeded school-projects.

Had the object been to support education, this money should have been given to parents, to use for the education of their children as they see fit, because once it is your money and not someone else's, one tends to prioritise and use it carefully and responsibly.

...Had the object been to support education, this money should have been given to parents, to use for the education of their children as they see fit, because once it is your money and not someone else's, one tends to prioritise and use it carefully and responsibly.

Good post up u till this Yuyutsu, because one of the main problems with most incentive funding, is it gets wasted.

One of the best incentives I saw was a card issued for tools of trade, whereby the only purchase that could be made were tools. Why can't education funds be distributed the same way and, it should be used for purchases from school based outlets only, where possible, otherwise traders just jack up the prices.