Who would you believe?

October 5, 2012

Who would you believe?

FEDERAL Assistant Treasurer David Bradbury has dismissed as "reckless and irresponsible" suggestions Australia risks a Greek-style economic downturn

www.theaustralian.com.au

By Geoff Crocker
05/10/2012 7:22:45 AM

3 Comments

Would I take any notice of Bradbury? Not for a second.
The insistence of Swan and his lackey that they must "balance the books" at any cost, while continuing to spend like drunken sailors, borrowing heavily and disregarding the big black $300b hole, gives enormous credence to Mr. Murray's observations.

Posted by: Allan | October 5, 2012 at 11:03 AM

Our econemys so good well my pay packet got a $220 hole in it from the the tax increases that went with the raising of the tax free threash hold . and i'll be lucky to get one day a week from now untill xmas . (mining industry)

Posted by: Tony | October 5, 2012 at 11:27 AM

While USA is bankrupt [ the taxes it takes in in total, can't pay for the public service and it's interest bill to china finances their military machine in total as well ]Australia owes twice the money in borrowings per head of population. If we were a private company, we would be in the hands of the recievers long before now. If we have a surplus of 6 billion a year from now on, and if that surplus just paid the interest bill on OUR borrowings..... and we could maintain that surplus year after year; it will take us 123 years just to pay the interest alone. So where do you think we stand compared to Greece ?

Posted by: john neeting | October 7, 2012 at 04:40 PM

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