Mind you, when Swanny was asked once how he unwound: "Well, like most Treasurers, i watch those Benny Hill chase scenes".
-
-
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
Shame the Coalition didn't realise that the auto industry needed a bit of support to survive that exchange rate.
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
-
-
It was helpful back then when the economy was enjoying the commodities boom. Swan was insulated but installed structural future deficits.
-
Ahhhh. I think you will find most economists attribute the structural deficits principally to Howard and Costello.
-
Agree they binged in order to get reelected but Labor did nothing but make it worse for 5 years. Deficits started 2008 and grew from there.
-
That's what structural deficits do. Tax cuts dependent on tax bonanza. Tax bonanza stops. Deficits grow as tax revenue falls.
-
Australia is very highly taxed at the top end. Welfare has been set up so 60% pay no net tax. There's your problem.
End of conversation
New conversation -
-
-
But that was when we exported value added goods. Not just base commodities
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.