LesPaul, my comment was on GDP, not revenue.There has been close...

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    LesPaul, my comment was on GDP, not revenue.

    There has been close to an extra $2 trillion in GDP since 2007.


    Though revenue has grown since 2007-08, it still lags behind the 25% of GDP from 2007-08.
    Government revenue 2007-08 $295b, Government revenue 2012-13 $351b, ($56b increase), ((e)$60-70b increase 2013-14 on 2007-08 revenue).


    Take $230b out of the economy, and remove the jobs that the spending was supporting and remove the support flow on of the spending, and the GDP figures would be worse.

    Treasury, the RBA, economists, and industry have made public comment on the positive impact the spending had on the economy.


    Which supports my comment "...You may argue to what extent and if it was efficient, but the debt clearly contributed to the health of the economy that resulted in the GDP growth"..."

    If you believe an extra $230b injected into the economy doesn't have a positive effect on GDP, then please make your case.



 
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