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alp run rampant in senate, page-7

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Eljay

2,754 Posts.

03/12/14

06:54

Post #: 14397386
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Originally posted by moondoong ↑

More government savings measures blocked.

Salt the fields, poison the wells.

The ALP cheersquad is in an absolute frenzy, euphoria abounds, debt is racing towards infinity and all the Greens and ALP voters are having an orgasm.

Tony on the ropes, taking more hits than a front door knocker.

It's all over kids, wealth preservation and survival is the name of the game now here in Australia.

Young and free? Forget it. The socialists are in control, the punters have realised they can vote for more handouts and the treasury is paying out more than it earns.

Congratulations Australia, you are officially broke, we are now booking up more debt than we can pay off, and the government will NEVER pay it off ever again. Howard & Costello were the last to do it. It will never never ever happen again.

Prediction for the next few years;

Increasing Budget deficit
Increasing debt
Increasing debt repayments
Confiscation of super assets
Commutation of super assets into an annuity
Increase in taxation rates
Increase in retirement age
Increase in age you can access super (forget lump sum see compulsory annuity above)
Decrease in government services
More and more people on welfare
Increase in personal income tax via special "LEVIES"
Removal of capital gains tax exemption on family home
More hands out and not enough lending a hand

Wall to wall ALP governments, and more and more bludgers, tax dodgers and people milking the system

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It appears that the majority of investment home purchases are from foreign investors so much of the debt is international, so perhaps getting rid of negative gearing for foreign investors might curb that debt.
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