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- 3 July 2009
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It is going to be interesting to see how the budget goes with interest rates down to approx 3-4%. Pensioners having to draw down a minimum 3% on their super, 4% after July next year.
It doesn't look good for the financial drain on the old age pension as pensioners savings are eroded and they qualify for more government pension.
Don't worry Labor and the union run industry funds will come up something. I bet we won't like it.
It is a laugh really, give away money on stupid schemes, in the name of saving jobs.
Then 3 years later introduce taxes, that cost jobs, to pay back the money you gave away earlier, in the name of saving jobs.
It rings of stupidity.
Whoever wins the next election has inherited a huge problem.LOL
Worlds Greatest Treasurer. LOL
It doesn't look good for the financial drain on the old age pension as pensioners savings are eroded and they qualify for more government pension.
Don't worry Labor and the union run industry funds will come up something. I bet we won't like it.
It is a laugh really, give away money on stupid schemes, in the name of saving jobs.
Then 3 years later introduce taxes, that cost jobs, to pay back the money you gave away earlier, in the name of saving jobs.
It rings of stupidity.
Whoever wins the next election has inherited a huge problem.LOL
Worlds Greatest Treasurer. LOL