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I think a promise is a promise, and should be kept.
The major problem we Aussies have is that we have too much credit debt. If people used the tax cuts to reduce their personal debt, we would be cushioned from the impact of rising interest rates.
Don't forget that those with money to invest actually benefit from rising interest rates.
I think the Rudd government should prioritise a clamping down on reckless marketing and behaviour by lending institutions. The Banks truly do prey on the weak and vulnerable, and deserve to be kept in check.
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