Australia's largest stock trading and investment forum Australia's #1 stock forum

"2014: Add heaps to Labor's $260 Billion GFC Debt"You...

First 3 Last

Share
Profile

Follow
Bunn-Wackett

28,203 Posts.

1533

30/04/22

12:00

Post #: 61120542
Share

Originally posted by Lapdog: ↑

Since September 2013 it's been pretty simple really:

1. Boost national $Debt:
2014: Add heaps to Labor's $260 Billion GFC $Debt
2015: Add More $Debt
2016: Add even more $Debt
2017: Add more $Debt again
2018: Add more $Debt, exceeding previous record levels
2019: Add to the bigger $Debt than ever before
2020: Boost $Debt levels towards those of tinpot nations
2021: Boost $Debt towards the $Trillion mark
2022: Embed budget deficits for the foreseeable future
2023 and Beyond: The Coalition's $Trillion sea of $Debt expands into an ocean of $Debt exceeding $Trillion

2: Boost household $Debt:
Australia now holds the world record for household debt - Aussie Battlers are up to their eyeballs in $Debt.

3. Create the illusion of wealth by inflating property prices
Boy is this a "Wow!", it's now so high our property bubble appears to bursting at the seams and at risk of popping.

4. $Feed $Greed:
Transfer wealth from those with least of it to Australia's wealthiest 1% and to the owners of foreign corporations including News Corp, Glencore, Chevron, Apple, FaceBook, Twitter, Amazon, ...

5. Take credit for windfall revenues from the greatest mining boom in history:
This may be about to cool off as China's economy slows and following the vitriolic and offensive abuse by Morrison and his Muppets China increasingly sources product from anywhere except Australia.

Expand

"2014: Add heaps to Labor's $260 Billion GFC Debt"

You fool.....The Libs left the ALP with $80 Billion in the bank so the ALP added $340 Billion Debt in quick time! The GFC was 1/30th as Globally destructive as Covid.
6 Upvote

Reply

Top Stories

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Trump chides Powell as Goldman call for calm. The RBA must be nervous

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

AII

Inside the Depths of Panasqueira: A Legacy Carved in Rock

DMP

Is Domino's a steal after -25% plunge?