$45bn budget deficit, page-5

You know the drill ACB - Labor creates the deficits, the Liberals fix them.

Its a pattern repeated for the last century and I see nothing here that is likely to change. The public will be fed up with Labor (if they arent already) enough to make the change in the next election and Australia will start the process of getting back on the rails.

Labor seems to be a sort of irrational mistake that the Australian public seem to have to make on a continual basis, then they realise the extent of the damage and remove them before they can double the mistakes. Nothing changes.

I am relaxed in my certainty that the man in the street is so furious with Labor and the Greens now that he will vote them out with a considerable majority next time. Elections in canada and the UK are showing a big departure from socialist policies as people realise how much the belt has to tighten and what a dogs breakfast socialism has been in their economies.

With a currency as strong as we have right now, our economy is going into a tailspin and our tight jobs market is going to be history shortly. The RBA realises this which is why they are hell belt on getting rates up so they can drop them when needed.