Quote:
Originally Posted by AndrewJ
So why didnt they really do anything about it????
( And that includes the pollies )
.............
What i want to know is why after 10 years of boom, we are still in deficit with nothing much to show for it.
Andrew
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These twin questions are related, and brings us bank to our discussion topic. Everyone thinks the river of gold never ends and will just keep flowing to provide us with all we need.
6 years ago our government had no debt, and someone saw the river of gold flowing and thought they were rich and it would never end, they built there lifestyle around it, then watched the river dry up.
If the government had spent their surplus 6 years ago to build the NBN I would have applauded them. The problem was they spent the surplus 10 times over thinking the river of gold would never end. Now we just can't afford it. Our own belligerence has led is to this point, we have to live within our means and be conservative with our economy else we will be the next Greece or Spain.