Same Old Labor Govt – Same Old Debt

9 Oct

Media Release – Senator Barnaby Joyce, 4th October 2010:

Senator Barnaby Joyce says that the Labor government seems to be getting back to normal. “Our gross debt went up by $3 billion last week, the week before it went up by $4 billion. The gross Federal debt is now $163.152 billion.

This is the issue that should be front and centre of Labor Government’s attention, beyond private members bills for euthanasia, same sex marriage and a bid to cool the planet with a new carbon tax.

The reality is there in the numbers. The debt is racing ahead; it is not under control, it is not going to stop.

There is no argument for this profligate waste of money. How much money do we want to owe people overseas?

This money does not include the states’ debt which is on its miserable way to $240 billion, as noted in front page articles of recent weeks.

We also have to note now that local governments too are expected to borrow money.

If we do not get on top of the debt, these debts will get on top of us.

More Information – Jenny Swan 0746 251500

4 Responses to “Same Old Labor Govt – Same Old Debt”

  1. Barry November 10, 2010 at 7:54 pm #

    Haven’t been any posts in a while. Is Barnaby no longer right?

  2. Barry November 10, 2010 at 7:57 pm #

    Or is it just cutting and pasting from other sites got all too hard?

    Perhaps a new site might be a good idea? or even perhaps you could admit “”

  3. Ted O'Brien November 16, 2010 at 11:41 pm #

    Barry. No pending election means changed priorities. However I was prompted to have a look at BIR by reading a Ross Gittins article of March 2010, erroneously criticising Barnaby, which said net public debt would peak at $153 billion in 2014. So just one sixth of the way to 2014 Ross’s peak figure has been passed, with no easing up in sight.

    By the way, Katter is right. And even Pauline, if you read her maiden speech in Parliament, was right at the start. Never was a new prime minister given such an opportunity to present his policies on a wide range of issues which bedevil middle Australia, and lay to rest many of the demons that beset our society. Instead John Howard boycotted her speech, thereby magnifying those demons and creating the Hanson phenomenon.

  4. Ted O'Brien November 16, 2010 at 11:48 pm #

    Barry, read this copy and paste.

Comments are closed.

%d bloggers like this: