Whichever side of the political fence one's allegiances lie the fact of the matter is that since the early 80's Australia has been in serial credit expansion and both sides abet such practices as this creates the onflow effect of tax revenues.
These (after the Government has duly paid itself) roll forth back into the economy through budgets which stoke the fires even further.We now have external debts amounting to over 500 billion dollars in comparison to just under 80 billion in 1986.
500 billion dollars and this with high commodity prices which neither the liberals nor labor can take credit for.
We should hope that the Chinese and Indian economies continue on in their merry ways.
And for all this supposed economic wizardry that at present Mr Howard likes to remind us of the government gets to keep 45 cents to 65 cents of every dollar earned by wage earners.
And here also the distinction of people actually working and producing something cannot be emphasized enough.
As opposed to ...........well you know the people I am referring to.
Neither side will talk too much about this come election time.
It's called the scam of BIG and BIGGER GOVERNMENT.
And it will continue to grow no matter which party.
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