Makes one wonder about the boneheads that run that party, how inept and positively unworthy are the people behind the scenes in there ???
This is what happens when you have Union officials elected to run a country.
No idea on priorities or business/economic sense, and 'spend spend spend' is their mantra.
The piggy bank has been emptied. And topping up of it will be hard to do (ie, MRRT). How the ALP can now go into election mode, and promise new policies with no money (ie, NDIS), goes to show how these people operate.
in her speech?"engage in some moderate borrowing"
PRIME MINISTER
ADDRESS TO PER CAPITA REFORM AGENDA SERIES
CANBERRA
29 APRIL 2013
“Once again, to break this complex picture down in to a personal story.
Imagine a wage earner, John, employed in the same job throughout the last
20 years.
For a period in 2003 to 2007 every year his employer gave him a sizeable
bonus.
He was grateful but in his bones knew it wouldn’t last.
The bonuses did stop and John was told that his income would rise by around
five per cent each year over the years to come.
That’s the basis for his financial plans.
Now, very late, John has been told he won’t get those promised increases for
the next few years – but his income will get back up after that to where he was
promised it would be.
What is John’s rational reaction?
To respond to this temporary loss of income by selling his home and car,
dropping his private health insurance, replacing every second evening meal
with two-minute noodles.
Of course not.
A rational response would be to make some responsible savings, to engage in
some moderate borrowing, to get through to the time of higher income with his
family and lifestyle intact and then to use the higher income to pay off the
extra borrowing undertaken in the lean years. “
OMG
It would be a penny dreadful with only die hards and union hacks on the register with it's primary activity being the mining of taxpayer's pockets through the sourcing of government monies to fund itself and its ideological nonsense.If labor is an ASX listed stock and make sort of forecast ...
The stock will be down more than 50% ...Chair woman Gillard and CEO Swan will get kicked out...
It would be a penny dreadful with only die hards and union hacks on the register with it's primary activity being the mining of taxpayer's pockets through the sourcing of government monies to fund itself and its ideological nonsense.
Now, very late, John has been told he won’t get those promised increases for
the next few years – but his income will get back up after that to where he was
promised it would be.
What is John’s rational reaction?
John realises that if the earlier forecast of 5% increase per year was inaccurate, then the forecast that his income will "get back up in a few years" may also be inaccurate. John's rational reaction is to reduce his expenditure to a sustainable level, thus enabling him to ride out the difficult years ahead. John is now prepared for the unexpected and has secured his family's future by ensuring they aren't crippled by heavy debt. Good work John.
Latest Morgan poll has 2PP at 58%/42% in favour of the Coalition.
http://www.roymorgan.com/news/polls/2013/4889/
Lone Wolf, aren't these goons a hoot. They say take on moderate debt and hope you can pay for it later.
Sounds like a Harvey Norman advert.lol
I suppose if the government debt just keeps blowing out, to a point we can't cope with. We can do what Greece, Portugal and the rest do and call on someone else to bail us out.
That would probably our neighbors, Indonesia, Malaysia etc.lol
That analogy has to be the worst one I have ever heardEncouraging people to go into debt when they have a loss of income The government has truly lost the plot. I really wish September wasn't so far away.
Latest Morgan poll has 2PP at 58%/42% in favour of the Coalition.
http://www.roymorgan.com/news/polls/2013/4889/
TAXPAYERS are facing a lavish election-year advertising campaign of up to $50 million to promote Julia Gillard's Gonski school reforms - despite NSW being the only state to embrace the $14.5 billion funding overhaul.
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