The debt will be well over $200 billion for us tax payers. Do you reckon it is/was worth while? Mr Rudd stated the debt will be temporary. How temporary do you reckon it will be? The Collins glossary states that the word temporary means ‘lasting only a small time’.
All I can pay back is $1 a month.
No- his whole stimuli strategy is incorrect thus substantially cripling the Australian economy. 900 dollars to people isn’t going to fix a thing. Knowing Australians, and I **** to say this, it force be spent on gambling or booze or cigarettes. And Malcolm Turnbull is right, there will be substantial amounts of debt for decades and future generations will have to pay it back. If Mr. Rudd got his priorities right, he would have used tax cuts and stimuli packages on infrastructre, not just handing out cash liberally.
A basic formula one could use to clarify Australia’s economy is Labor puts us in debt and then the Liberals get us out of it.
A 14 year-ancient correcting the Prime Minister of a developed nation. Wow.