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OT: Current Affairs and Politics

Gronk

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Australian-Gross-Debt-1983-2022.png
 

Twizzle

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This is no reflection of the Govt as they probabaly made it worse with all the financial assistance they have handed out.

I think given the circumstances they are probabaly better equipped to deal with this situation than labour would have.
 

Gronk

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This is no reflection of the Govt as they probabaly made it worse with all the financial assistance they have handed out.

I think given the circumstances they are probabaly better equipped to deal with this situation than labour would have.

That's debatable I guess. The main point about today is that the covid has only added a fraction of debt to the figures. Since the Libs took power in 2013 they have managed to double the debt.

This is a government that were elected in 2013 on a platform to cease the "debt and deficit" of the labor party. The labor party were castigated over their handing of the GFC (although we dodged a recession). Looking at the ^^^^ graph, labor did just fine.
 

Poupou Escobar

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That's debatable I guess. The main point about today is that the covid has only added a fraction of debt to the figures. Since the Libs took power in 2013 they have managed to double the debt.

This is a government that were elected in 2013 on a platform to cease the "debt and deficit" of the labor party. The labor party were castigated over their handing of the GFC (although we dodged a recession). Looking at the ^^^^ graph, labor did just fine.
So you reckon voters unhappy with the debt will vote the LNP out? Geriatric health care is only going to get more expensive, no matter who's in government. Western governments that don't appease the elderly will get shitcanned in a hurry.

Just assume whatever the Libs are borrowing, Labor would be borrowing even more. God forbid the Greens ever take power.
 

Gronk

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So you reckon voters unhappy with the debt will vote the LNP out?
The election will be won by the most popular candidate.
Just assume whatever the Libs are borrowing, Labor would be borrowing even more. God forbid the Greens ever take power.
History says hi. Refer to the debt 2013 to 2020. The current government have doubled the debt. History also says that the labor party avoided a recession @GFC and guess what? We are currently in a recession.

I'm not hung up on debt. Money is cheap. Just don't @ me with the bullshit line that @Delboy spun circa 2012/13 about the libs being the savers and labor the spenders. :rolling_eyes:
 

Bandwagon

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Just assume whatever the Libs are borrowing, Labor would be borrowing even more.

History tells us that's a load of shit.

I mean you're basing the libs record on the most prosperous period globally in likely all of history and nothing else, as we've seen as soon as the shit hit the fan, printers go brrrrr.

Now I don't really give two f**ks about government debt, the money's cheap, there's f**k all inflation, and if they really need to they could just f**king print more with next to no risk of adverse effects right now.

So I kinda hope this time round really kills off the the debt and deficit myth, though I aint holding my breath.
 

Poupou Escobar

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Boomers hitting retirement age en masse is what's different this time around. There's no going back to a pre-deficit world. Not in our lifetimes anyway.
 

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