carbon tax costello nails it, page-20

  1. 23,621 Posts.
    lightbulb Created with Sketch. 30
    Ah The Count cant look at a graph and work it out for himself.
    So here is the tale of the tape.

    When Costello was the Treasurer the household saving ratio as a % of household disposable income was less than 5% with it reaching ZERO in 2002. It is only just getting back to above 10% now under Labor and Swann.

    Costello was a fool.

    When Costello was the Treasurer between 1995 and 2005 the real household income grew by 2.5% per annum , but the real household expenditure grew by 2.8% per annum. That means spend more than you have.

    It is getting back to more reasonable levels under Labor and Swann.

    Costello/Howard encouraged people to spend their future!!

    He/They were fools.

 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.