The Coalition cha cha – » The Australian Independent Media Network

When Labor raised the debt ceiling to $300 billion, the Coalition were outraged – until they won office and abolished it altogether. The debt incurred to keep the economy growing and people working during the global financial crisis was ‘bad’ debt whereas the debt raised to pay foreign arms manufacturers is ‘good’ debt.

There was similar outrage when Labor took a one-off dividend from the RBA in 2012-13. The Coalition have been ripping billions out in dividends ever since.

via The Coalition cha cha – » The Australian Independent Media Network

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.