Re your post which included; "... everyone knows that when the party stops and the debt binge is over it is the liberals that the country turns to to get the budget back into surplus. ..."
What absolute rubbish; nothing could be further from reality!
Governments are in a better position than businesses and individuals to raise debt, invest it wisely and repay it in a timely manner. At just ~25% of GDP in a $1.5trillion economy, a AAA rating and with record low cash rates public debt is easily affordable and very low relative to other developed nations.
Yet under John Howard private debt rocketed to 155% of disposable income, so that combined with the deflating of the massive housing bubble Howard allowed to develop the GFC scared the pants of people. In returning $900 to taxpayers Kevin Rudd saved the bacon for many who were over-exposed; thereby also saving our financial institutions as well.
Small wonder that with Abbott's constant talking down of the economy and the government during the worst economic crisis in 80 years that consumer confidence is pretty fragile.
But as I speak even Jeff Kennett is calling on the Victorian Govt. to fund improvements to Melbourne's rail systems via raising debt; this from the man whose slash-n-burn sacked 50,000 teachers, police, nurses and bureaucrats and sold off invaluable state assets such as power stations in fire sales in his declared pursuit of paying off state debt.
Some posters would do well to question the brain dead mantras, insulting slogans and gross exaggeration of reality that Tony Abbott trots our as real solutions.
