Quote:
Originally Posted by strongmanmike
Australia has a AAA credit rating and a low level of net debt both historically and when compared with G-7 economies.
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Mate we're 70 billions in the red (started from +80billions) just in 3 years, 11 for NSW only.
Quote:
Originally Posted by strongmanmike
While it always needs to be managed, dept is not a dirty word. My point is.. some people (on a national level) are crying such desperate fowl about the state of Australia...when we have just about the best standard of living in the World and comparitively low manageable debt? (that's why we have good stuff  )...I imagine because without comparison (or objective thought), they just don't know. |
Agreed but it doesn't mean we gotta keep p|ssing money away in BS like we have been in the past 3 yrs and like we still do at the moment. Then the only way to fix it is tax us more. We'd better get some people who understand economy at the reins and that don't cook the books. Regardless of politic side. I'm easy. There are some smart people on both sides.
There is one engine in Oz. Mining and resources. Why don't we tap in that and create a viable domestic manufacturing industry (cars comes to mind amongst other things), employ people, fix our water needs, produce, export then worry about saving the world later?