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blueballs

18,813 Posts.

421

02/08/22

17:42

Post #: 62883088
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Originally posted by angor532 ↑

very good point.... last thing government should be doing is increasing spending.... or wages. Both will only serve to counter the RBAs efforts to take heat out of the economy, rebalance supply demand pressure, resulting in higher interest rates.

currently Albonocchio is looking to pump more money into -
aged care
child care
public service teachers, nurses, allied health workers
NDIS
Medicare

feels like they're setting up for a potential death spiral....higher inflation...higher interest rates....its typical Labor.....ala Whitlam, Hawke, Keating, Rudd/ Gillard....

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They both spend like drunken sailors imo in roughly the last 30 years, just the liberals sold off more public assets
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