We were lucky to have a Labor government during the onslaught of the GFC. If the Liberals were in government then, some predicted our unemployment rate would be in double digit figures.
This reminds me of parents at Christmas time racing out and max out their credit card to make everyone happy in December.( Like Labor in GFC 2008)
Come February,the invoices come in to pay credit card debt. Need to Cut spending to save money to pay debt plus interest. Lean times as business will tell you in February.
2012 is our February. Swann is talking about spending cuts,people are losing their jobs as companies cut cost.
Christmas cheer has lost it's gloss as reality checks in.
2008 spending has lost it's gloss as reality checks in.
Short time gain, as long term pain arrives.
If you can't see that,then you are a laborite.
It's time to pay the Piper.
Trouble is Labor thinks it's still Xmas spending time,as they are still driving debt up..
Total Commonwealth Government Securities on Issue - $237,441m
