moondoong
Re your post which included;
"Lapdog I am not licking up anyone's drool. ..."
The content of even that post relies on Tony Abbott's exaggeration of reality, delusional mantras and insulting slogans. It's simply a denial of data.
Last time I looked Labor had published it's MYEFO, that had been confirmed in the PEFO and included provision for Labor's 2013 election promises. For the record and under Labor:
. Australia is one of a handful of nations that has a AAA rating from all major ratings agency and with a stable outlook to boot [ie. no crisis there me 'earty].
. The OCR is at record low levels and private debt levels that maxed out due to the Howard Govt profligate habits have stabilised and are slowly deflating.
. Savings rates have risen to record highs of 10%+ of disposable income.
. GDP growth is close to trend at ~2.5%.
. The CPI is also ~2.5% and looking very good for the foreseeable future.
. Net public debt is ~30% of GDP and about one tenth of that for some of our major trading partners.
. Unemployment is 5.7% and predicted to max out at 6.2% - the stuff of dreams for nations like France, Spain and the good ol'd UK under those wonderful Tories.
. Even the massive housing bubble generated under Howard & Costello appears to have stabilised and may indeed be moving into a recovery phase.
You shouldn't blindly accept what comes from Abbott's mouth; even he said it couldn't be taken as gospel truth unless it was in writing.
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