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Showing posts with the label Foreign Debt

What will the legacy of the ALP be Post Gillard?

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This is by no means an extensive list, if you have anything to add, please add a comment and I'll add it to the list. Never before seen Federal Government debt following horrific consecutive Federal Budget Deficits unprecedented in Australian History. Ongoing costs of failed policies resulting in a never before seen influx of illegal immigrants, and the overloading of welfare and justice systems. Record unemployment as businesses struggle to recover from a government hell-bent on taxation, almost none of the members of which have ever owned a private business . Lower housing and property values as a result of the unemployment and uncertainty. Ghettos rising in major cities as the illegal immigrants settle, and bring their families to Australia. Social inequality similar to what is occurring in Britain and areas of Europe where migration has seen countries lose their identity, and become hotbeds of violence and discrimination against the hosts. Maybe even the gaoling of p...

Denying Foreign Debt

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Can/Will the Australian Labor Party break our 'strong' economy? It seems to me, they're trying to do exactly that. Greece, Italy, Spain, USA, are all teetering on the brink of financial ruin, and our government continues to rack up overseas debt with gay abandon. Banks, insurance companies, and the Tax department account for 50%+ of our personal and small business liabilities. Here are two posts that are worth reading, showing that it is possible to deny debt from overseas sources, and avoid bringing down our economy. As a sovereign nation, we really should be limiting the amount of foreign 'investment' (read that as debt). Control of our economy by foreigners is an inevitability at the current rate, 65% of current government 'borrowings' are from overseas, that is AU$65M per day . The Australian Constitution is the foundational document that underlies everything our government and politicians can or cannot do. Perhaps it's time for an amendment for...