Dear mhaze,

And those who got aboard Abbott's debt truck and who slammed the Rudd initiatives are now saying no biggie.

Your side of politics made this a top push button issue and now it is being directed back at you you run a mile.

Don't worry Scott Morrison and Josh Frydenburg will have the budget back in surplus before you can say 'coronavirus'.

Well SR is back. I guess he assumes that there's been enough time since his monumental gaffs around the Trump-Russian collusion myth that its safe to return.

"And those who got aboard Abbott's debt truck and who slammed the Rudd initiatives are now saying no biggie"

Are they? Who are they? Certainly not me. I've been pointing out what a disaster the unrestrained spending will be from the outset.

It is a biggie. Its a disaster for the nation - a foreseeable and avoidable disaster.

But not my side SR. I haven't voted for them since they overthrew Abbott. And I won't until they get some true fiscal competence back in charge.

But everything about SR is sides. If your not on his side, you must be on the other side. Would it be cruel to remind him of his school crush on Andrews as regards the WuFlu? Yes probably cruel - so I won't do it.

In 1966, the Libs won government based on the majority supporting the involvement in Vietnam. So over 50% of the population supported the war then. 20 years later a survey was run to try to ascertain current attitudes toward that war. Fewer than 15% claimed to have voted for involvement in the war. “Success has many fathers, but failure is an orphan?”

I suspect in a decade's time, we'll find that almost no one supported the lockdown either.

We have two things in our favour - according to
economic experts. One is interest rates. They've
never been lower. This makes the debt affordable
at least.

Secondly -

We remain one of the
least indebted nations because every other nation
has ramped up its borrowings to cope with the
pandemic lockdown.

We remain one of just 11 countries with a triple A
credit rating. That's when the Australian Government
goes to global investors to borrow - it is almost run
over in the stampede. Apparently international investors
can't get enough of Australian Government Bonds. They
want to lend us money.

According to the Reserve Bank our problem is not
government debt - it's household debt - plus the
weakest wages growth and that goes a long way to explain
why the economy was sputtering before the pandemic hit.

Experts tell us that the government needs to abandon its
surplus ambition and spend more on infrastructure.
It needs to play a much larger role in the economy.
That the days of small government and tax cuts may well
and truly be behind us.

Dear Steele,

Nice to see you posting again.

Dear mhaze,

Lol.

Well that lot regurgitated out with a whimper didn't it.

I have certainly curtailed my appearances here, not through any reason other than the time I can devote to forums such as this is limited so I go where I get a best bang for the buck. I am after halfway decent right wing views with which to engage. That fare is not on offer to the degree it use to be on OLO and the numerous Trumpeteers and their stultified perspectives really don't hold much attraction.

Debating cult members is fun for about 5 minutes.

And how on earth are you using Abbott as your measure of fiscal competence. There was very little that man was competent in and fiscal policy was most certainly not one of them.

As to history supporting the lockdown it is becoming clear how much high death rates have impacted economies. It will all come out in the wash but I doubt history will look kindly on the more open approaches if a vaccine is secured within the year.