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Old 12-05-2010, 10:43 PM
Nesti (Mark)
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Nesti is offline
 
Join Date: May 2009
Location: Perth, Australia
Posts: 799
Quote:
Originally Posted by pgc hunter View Post
in an effort to repay his $40 billion debt which he put this country in singlehandedly in 2 years.

Well done Kevin 747.
True, but remember your words when the global economic house-of-cards comes tumbling down and we're (in OZ) are able to dust ourselves off.

I realised only yesterday that all the stimulus money dished-out effectively creates yet another bubble, but a bit of stimulus was what was needed for the economy (even though my partner and I didn't put our hand out for Ruddy-Money as it didn't feel right for us).

Rudd's budget is actually very sensible and I congratulate him for having the nerve to call primary industry profits back into the economy pool; it's kind of a future moral hazard bypass. He must prevent a dual economy from forming, otherwise kids from low income demographics won't stand a chance in 10-20 years time.