Food for Thought

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Food for Thought

Post  Fish-fan on 3rd July 2010, 8:10 am

Despite inheriting a $20 billion surplus, zero net debt and $60 billion in the Future Fund, Labor is delivering:

$78.5 billion of net debt in 2010-11 $3,500 per person
$4.6 billion of interest paid on net debt in 2010-11 - $205 for every Australian
A Budget deficit of $40.8 billion in 2010-11 (the biggest deficit since World War II)
To fund its reckless and wasteful spending, Labor needs to borrow more than $100 million every day.

Evil or Very Mad

Fish-fan

Posts : 37
Join date : 2010-03-11
Location : Brisbane

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Re: Food for Thought

Post  1march2009 on 5th July 2010, 5:00 am

Do you and your most of your friends still have jobs, homes and food on the table? Most of the world does not and 10-13% of people in the UK and US don't.

You have to spend lots to keep the wheels turning when the economy turns to $h1t.

1march2009

Posts : 3
Join date : 2010-06-07

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