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Huge warning sign for Australian economy, page-5

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Trash2Treasure

2,296 Posts.

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26/04/19

18:37

Post #: 38281645
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Originally posted by eagle888: ↑

So seems the Coalition has been lying about how well they have been managing the economy.

The solution sounds like ready made Labor policy to stimulate the economy. Giving tax cuts to low and middle income workers who are more likely to spend it as consumers rather than the top end and multi-nationals who have a penchant for overseas tax havens. Similarly lifting pensions and spending on infrastructure projects would also stimulate the economy. The govt may well have to borrow more to provide for stimulus just as Rudd did after the GFC and was able to avoid a recession.

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I tend to agree with alp taxation policy but not spending policy.

do you know what else is bad for the economy? Government debt. The last alp budget surplus was in 1989.

I doubt their next will be in the 2020s
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