According to the Australian Debt Clock, Hockey is racking
up national debt at a higher rate than Swan.
Swan racked up $280 billion debt in 6 years - average $46.6 billion/year
Hockey has added $120 billion debt in 18 months which is an average of $80 Billion a year.
http://www.australiandebtclock.com.au
It is what it is and spin to hanging tales on donkeys won't help.
The answer is higher taxation now and not later.
This Government has cancelled/changing 3 forms of potential tax revenue
-repealed the MRRT (big miners paying less tax)
-repealed CO2 tax (Polluters paying less tax- Electricity bills only went down with drop in
price of oil/coal; not due to the removal of CO2 tax)
-reducing company tax by 1.5% July 1st (dropping from 30% to 28.5%)
This is precisely opposite to what the Government should be doing while racking up
$80 billion a year in debt.
Moorookamick
- Forums
- Political Debate
- Australian Debt Clock
Australian Debt Clock
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online