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That's nothing but a false platitude, ie political propaganda. Hate to see this thread turn into a political/partisan slanging match, but it seems to be heading that way.For the record, the FACTS are that the Hawke Labor government in the 80s reduced the commonwealth gross debt by a significant amount, after it had been ran up massively by the previous LIBERAL government, with guess who as Treasurer and thus at the economic helm? The Liberal hero Mr John Winston Howard that's who! Of course he had a severe recession to deal with, so nor real surprise that debt ran up if you take the partisanship out of it.In Howards case later on as Prime Minister, he paid off debt built up during the 90s recession with asset sales and boom time tax revenues, and he was lucky as at the same time government spending in real terms increased, so there was no razor gang or big time frugality going on then, as others have pointed out re all the middle class welfare, tax cuts etc that's for sure!The reality is that in Australia government debt runs up or down based on the economic/business cycle regardless of the political flavour of the government of the day. If we just accept this then a meaningful discussion on the current Australia economic situation can ensue....Cheers,Beej
That's nothing but a false platitude, ie political propaganda. Hate to see this thread turn into a political/partisan slanging match, but it seems to be heading that way.
For the record, the FACTS are that the Hawke Labor government in the 80s reduced the commonwealth gross debt by a significant amount, after it had been ran up massively by the previous LIBERAL government, with guess who as Treasurer and thus at the economic helm? The Liberal hero Mr John Winston Howard that's who! Of course he had a severe recession to deal with, so nor real surprise that debt ran up if you take the partisanship out of it.
In Howards case later on as Prime Minister, he paid off debt built up during the 90s recession with asset sales and boom time tax revenues, and he was lucky as at the same time government spending in real terms increased, so there was no razor gang or big time frugality going on then, as others have pointed out re all the middle class welfare, tax cuts etc that's for sure!
The reality is that in Australia government debt runs up or down based on the economic/business cycle regardless of the political flavour of the government of the day. If we just accept this then a meaningful discussion on the current Australia economic situation can ensue....
Cheers,
Beej
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