No I am refering to the current Labor party which in essence is the same one that handed out $11 billion to people to buy stuff at Harvey Norman. Now they want to increase taxes to recoup $5 billion to which Gillard claims there is "no magic pot of money".
The government knows that increasing their debt would increase already high interest rates created by their disastrous housing policy, pumping billions of taxpayer money directly into the already overheated property market, which Glenn Stevens advised strongly against for the obvious consequences we are now seeing.
