And if the Libs get up we will still get hammered, the excuse that they have to increase tax to cover all the spending of the previous government and we go round and round it's called politics
Of course the next elected government will have to pay back Rudd's massive spendings. It's going to hurt.
But what if Rudd can't stop the compulsive spending sprees if he gets another three years - the extra pain borne by taxpayers may not actually repay the debts he has incurred. With his current track record, he could easily spend any extra he extracts from taxpayers and still keep growing the debt. Scary...
At least the coalition's track record is better at fixing the financial mess so often left them by labour. Probabilities are better, IMO.
If we've got to be hit with higher taxes, it would be nice to think the debt is actually being paid off rather than allowing another three years of potential damage.
History is all we've got to go by here - I feel much safer with a government that has a good track record with fiscal policy.
Well today another classic Rudd day in the market. I wonder what will happen if Telstra says you build your own infrastructure. Optical fibre network interconnecting exchanges around Australia conduits to the node and then conduits to the house. Then we will compete with you on a level playing field with no political intervention, carriers can chose between suppliers, therefore no ACCC intervention. BRING IT ON.
Ok Krudd was out there again on the airwaves calling himself and Swan 'economic conservatives'. This was a line they used last election to say to the electorate 'we are just like John and Peter'.
I would suggest that the Krudd track record suggests that Rudd and Swan are anything but 'economic conservatives'. Rather there has been an element of economic recklessness evident over the last term. Evidence of this includes:
1. stimulus (as Swan calls it, rather than 'the stimulatory fiscal policy' or some such wasetful use of the Enlgish language'. This includes frittering away the budget surplus on handouts to 'not working families' to spend in shops or on credit card debt. This could have paid for his superannuation promise which the miners now have to fund.
2. The enormously wasteful BER and insulation programs. There was no project management or cost accounting skills demonstrated (key skills, no doubt, of an economic conservative). Once again, the wasted resources could have been spent funding superannuations.
3. Countless reviews (i.e. Henry) where the recommendations have been ignored.
4. An ill-thought out resources 'super profits' tax that will ensure that the level of capital expenditure plummets for our mainstay mining industry at the worst time for this.
So, IMO, Rudd cannot call himself an 'economic conservative' of the ilk of Peter and John. To do so makes a mockery of the Oxford Dictionary.
To be fair, increasing the superannuation contribution rate is the work of an economic conservative although the funding of this is the work of a trigger happy man. Upgrading our broad band system is also something I agree with as it will bring Australia fully into the digital aide.
So what do you guys think? Is Kruddy an 'economic conservative' in your view or is it more hot air from the polital equivalent of the Zeppelin?
He might want people to believe he is an economic conservative, but he is looking more like a SOCIALIST every day and verging on communism. He is thinking like a SOCIALIST when he is deliberately trying to smash the profits of viable mining companies who are the blood line of this Nation. The crap he is brain washing peoples minds, that it all belongs to the people and that they should get a free share in the successes will no doubt impress the naive.
The consequences will be loss of investment in Australia and loss of jobs. South Africa and Canada are rubbing their hands together for they know they will entice Interantional Investors with the incentive of lower taxes.
AS some mining guy on Lateline said last night..
Krudd is a damn communist!
sorry cant remember who said it.
JEEEEEEEZUZ this makes me angry !
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