Sorry, dude, but it's actually one of the things that really gives me the shits.
Oh, now that you've had time to go and actually look at something you can make a non-general comment. Nice. Pity it took you a day to be able to do it instead of being able to do it off the top of your head, which would have been the case if you weren't just parroting the leftoids.
How about how debt is growing as % of GDP? Canada's forecast is for half ours, with Germany actually shrinking their debt.
Projected Government spending increases? Denmark and The Netherlands essentially 0%, Germany a third of ours, Canada two-thirds.
These are the comparisons we should be making with others OECD countries because it shows where we are going, which is what we should be focused on.
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I''m cool with you (or everyone) thinking I'm a rude arsehole but this is one of those comments that is constantly made by people who don't have a clue what they're talking about and are just billboarding for the sake of whinging. As such, its why I get the shits and become a rude arsehole.
f**kING GAME DAY, MOTHERf**kERS!!!
Would you care to cite the source of the data in the assertions above?
You wouldn't be referring to 2nd had citations from the IMF staff report Feb this year? The one that Aussie Joe selectively quoted.
If you read the report, the debt growth statistics to which your refer are measured from 2012 to 2018. Part of the 'forecast' growth in Aust. govt net debt has already occurred, and the IMF's forecast for medium term (2018) level of net debt is a little under 20%, still less than half of that of every country referred to above (Germany, Canada, US,UK....you name it). So, the story is this. We started from a low base, had a significant increase in debt, which has still left us at a low level of debt, and there is projected to be very moderate growth in debt from now to 2018. And I quote the report (p.24) 'General government debt will increase moderately...but will remain amongst the lowest in advanced economies'. The rate of growth in debt is relevant only in the context of the level of debt.
As I've now said three times re spending. I do not disagree that we need to constrain spending. I disagree with all this crap about a debt crisis. And I ain't parroting some left wing think tank. The IMF report is the very report that Hockey uses highlight the alleged problem. Or is Joe allowed to use the data, but nobody else?
And I repeat, I have no idea what your qualifications, knowledge or experience are, but I'm aware of mine, and I don't think I fit the description of someone who doesn't know what they're talking about.
