Hi Towie. I can assure you I personally know lots of pensioners and families who benefited from the first stimulus package. The places they spent their money also appreciated the purchases that may otherwise not have made. How can anyone try and spin that the money of millions of decent senior citicens and families with children somehow mainly went to poker machines. Not very good.
Also on the 200bill. Its all about having the flexibility to meet the ebbs and flows relative to when liabilities fall due versus when the revenues come in. There are both cyclical and seasonal factors. The government has always had this credit facility way above the projected final outcome in any budget year. It just happens to be more than normal because of the stimulus package.
cheers
eagle
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