IMO the most important thing come the next election is economic policy and what the major political parties intend to do over the next 3 years & beyond.
The elephant in the room is our inability as a country to live within our means and that is exemplified by our combined Governments debt of over $1.4 trillion with the current Governments forecast that that will reach $1.85 trillion by 2025 or 100% of current GDP.
This debt obligation wont be cured by deflecting attention to external issues which we have little or no control over and neither major party has the political stomach to offer a longer term solution, just more of the same kicking the debt can down the road for the next generation to pay.
Even if tax receipts are increased to an extra $60 billion a year, it will take over 30 wars to pay down the debt at the current bond interest rates. If that interest rate doubles as predicted by 2025, it will take 60 years to pay down the debt.
Economic common sense based on Greece, Argentina etc tell us that we simply can't ape the USA whose Greenback is the global reserve currency. Instead our Peso is more in line with minor currencies that once that country is in economic strife , the currency sinks like a lead balloon.
So forget the whimps on these threads who try to compensate for their personal inadequacies by leeching on to a strong leader regardless of policies or economic plans because like fundamental analysis in the Stock Market, economics over time calls the shot .
So wakie, wakie, pay heed to political history where economics call the shot over time; not strongmen driven by bald testosterone who come and go and leave economic wrecks in their wake!
Since 2013 the the Coalition has racked up $700 billion of debt ; that's on average $100 billion a year of debt on an average of $550 billion a year of income (tax receipts) and 6 years of that were supposed to be good years according to the Government.
So come next April, do you really want more of the same?
