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Deb Freckelton - political suicide, page-13

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DrStrangelove

15,407 Posts.

29/10/20

08:18

Post #: 48476393
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Originally posted by nutcracker: ↑

When John Howard lost the election the Country was $18bn in the black, @oldbull26 it was your mob Rudd/Gillard/Rudd that as to be expected ran up the debt to unmanageable levels, with the massive interest bill & mess they left- it was pretty obvious that amount of money with compound interest is virtually impossible to repay.
Federal Government should have increased gst, the fairest and about the only way they can reduce that debt........................but even if they do, eventually your mob will get back in again............................and Whoooooosh up goes the debt again, the only thing you ALP/Green guys are consistent at.

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While the Howard govt did some good things, I think we all know how the debt was historically accumulated and paid down. Bear in mind William McMahon, unlike his predecessors, managed to put settings in place for Whitlam's surplus

e.g http://www.marketeconomics.com.au/2095-more-facts-behind-the-howard-governments-debt-elimination

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