Originally Posted by Smokey

Debt isnt a problem. It is calculated debt and we are in the strongest position compared to other countries.

Government spends money. Australian earn money. Australian gets taxed and spend the left over money. Next Australian earn money. This Australian gets taxed and spend the left over money.

Everyone keeps their job, government recoops most of the money. Healthy economy encourages overseas investment. (more than a small rise in tax for wealthy companies will discourage it!)

If everyone lost their job, the government would be getting less tax back and would spend more on welfare. They would have even less money to spend!

The only way libs reduce the deficit is to sell long term profit making assets for a quick buck! If we had some of that money coming in still, we could probably survive with out any super profit taxes!

I find it difficult to swallow that anyone thinks Australians economy is up shit creek atm!!!