Debt or Surplus The Liberal government is not well known for spending money on infrastructure that is designed to take Australia into the future. Last time they were in office for 12 years and built no infrastructure. In fact they sold all the infrastructure the Labor government built for the preceding 12 years to multinational companies owned by foreigners. Now we complain about our power bills being high, water bills being high, roadworks infrastructure, the reason these are so high is because they all belong to foreign investors. If LNP are allowed to take government once again all of the hard work and all of the taxpayer money that has gone into the infrastructure over the last six years will eventually be boxed up and sold off for 1/10 the price we taxpayers paid for it. It will be foreign owned and foreign run, this is where all the jobs go instead of having in-house resources and people, we end up with a half assed water corporation that is there to make a profit out of their investment This is more commonly known as outsourcing. The Liberal government are champions at it but at what cost to Australians and our jobs and the price we pay. Eventually if we have no infrastructure of our own that we run and we control they can charge us whatever they want for water, whatever they want for electricity and it doesn’t matter how wealthy we are we will not be able to afford it. Instead of employing people who are already here in Australia, these big corporations employ their foreign workers and pay them peanuts. I do understand that the media has made it look like Labor has increased our Debt but it is extremely important to remember that the world is in a very bad way. Australia has AAA credit rating from every Credit Agency on the planet, this has never been achieved before by any Government. The worst thing Australia can do at the moment is change Governments, why is this ? Every time a country changes governments their value goes down for quite awhile. When the Rudd Labor government took office in 2007 it was the first time in history that government took over and the country became worth more overnight simply by changing their governing body, not a single share price reduced. Australia got through the worst financial crisis in nearly 100 years and are far ahead all of the other countries on the planet with the smallest debt per head of population. We constantly see deceitful scare stories about public debt, devoid of context. The mainstream media and radio shock jocks conveniently omit the fact that to ensure a liquid bond market, Gross Debt will rise if the Government Issuance is kept at a set ratio to the economy (as requested by APRA, The RBA and other key institutions). The lowest level the amount of gross debt fell to under the Howard Government was $47 billion. Which means that the likes of LNP Deputy Leader Julie Bishop and Senator Cormann to refer to zero Gross Debt under the Howard Government is completely false. The Howard Government never eliminated Gross Debt and never once since Federation has any Government eliminated Gross Debt, nor should it and no Government ever will. Any effort to compare Net Debt, which did fall below zero under the Howard Government, with some made up and as yet unsubstantiated guess for Gross Debt of “$400 billion” under the current Government is a contemptible distortion. The mainstream media and shock jocks ignore that our Net Debt is among the lowest in the OECD, and they ritually overlook that, in the eyes of the IMF, our Debt is of no concern at all. These are facts. They are not ‘Left – Wing’ facts. They are facts. The deficit for defence when Labor took office in 2007 was $183 billion this cannot be mentioned in the media because it comes under national security. You might have remembered the campaign that Liberal’s used on TV that constantly made people aware that Gillard was spending a hundred million dollars a day, that $100 million a day was paying back the Americans for a $183 billion war debt that the Howard government used to buy America’s old scrap war machinery. Liberal’s purchased 50 Blackhawk helicopters and they were secondhand. Out of those 50 they scraped enough parts together to build 15 fully working units. Liberal’s keep harping on about the Debt and their big fat Surplus that in all honesty never existed, in fact they say they had a surplus of nearly $70 billion but the secret war debt for the scrap war material that the Howard government bought from United States was around $183 billion so, $70 billion from 183 billion leaves us with a debt of $113 billion. The Labor Party was supposed to have a surplus of $70 billion but we had a secret war $183billion debt, there was no surplus only a secret deficit from Howard purchasing scrap helicopters. Also John Howard did admit that a country that has a surplus in that amount is actually stealing money and value from the taxpayers he admitted it and if you look hard enough on the Internet you will find the interview where he stated that it was an illegal surplus. Tax is for building infrastructure tax is not for throwing into a federal reserve bank that does not belong to the federal governments the Federal reserve is a private banking corporation that is owned by a foreign body and earns no interest. I believe that building infrastructure is smarter than paper lying in a vault earning 0% interest. Don Kelly.
Posted on: Thu, 05 Sep 2013 12:26:56 +0000
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