Australian Govt to tackle claims it is unfair and that borrowing against our kids is the most unfair act of all
All politicians are stupid? But the sheep lap it up.
“There is a name for all of this. It is called deficit spending. Since Federation in 1901, 112 years ago, 82 of those years involved deficit budgets. There have been 18 surplus budgets over that period, 10 of them came during the Howard/Costello years, a period where private sector debt soared to record levels. They were the most unproductive years since federation. There have been just 12 balanced budgets.”
Source: http://theaimn.com/mathias-cormann-was-once-a-little-focker/
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