Hi, As mentioned - debt itself isn't the problem. It's what you do with the money that determines whether you are making sounds decisions or not. Many individuals and corporations (and governments) make rational decisions to borrow money and put that money to purposes that they believe are in their best interests - whether it's expanding a business, buying a house or building a new road.
I have no idea why you think that more debt automatically means less options. It can in some circumstances, but in other cases it gives you more options (it's pretty much impossible for most people to buy a house in this country without taking on debt, so the debt gives you more options in terms of what you can buy). I don't see any direct correlation between debt and lack of options. Lastly, what Maynard Keynes wrote decades ago still holds true today. When there is a deficiency of demand, governments should step in to prevent greater loss of income generation. When the economy is running at full capacity, then the government should provide a break on the economy (by running surpluses). Over the course of the economic cycle, this should all balance out. The alternative is the type of decision making (cutting spending to balance budgets, leading to even less demand) that lead into the Great Depression - it was self-reinforcing economic suicide. As for spending money for voters - I'm not sure what you think the government is there for. It's there to meet the needs of the country (and that includes voters). That's what democracy is all about... Cheers Ken From: [email protected] [mailto:[email protected]] On Behalf Of .net noobie Sent: Saturday, 10 July 2010 1:04 PM To: ozDotNet Subject: Re: [OT] Friday - Conway (or.. Labor govt) once againdelaysInternet Filter "Debt itself isn't a problem", this is garbage debt does matter, it matters alot more debt = less options massive debt = no options and spending money for the sake of votes is also garbage i needed to make the correction also On Sat, Jul 10, 2010 at 2:22 PM, Tony Wright <[email protected]<mailto:[email protected]>> wrote: Ah, naive, and so transparently biased. Labor do have a stack of policies, it's just that they're mostly failures. As opposed to Liberals who actually don't stand for anything other than telling us one thing and then implementing the complete opposite. A neighbour of mine used to say they were blue and bluer - the Liberal party representing the rich and sucking in a whole lot of aspirational voters into thinking that meant them as well, while Labor is the try-hard party, trying to get the rich to like them as well, while still having problems with the unions. From: [email protected]<mailto:[email protected]> [mailto:[email protected]<mailto:[email protected]>] On Behalf Of .net noobie Sent: Saturday, 10 July 2010 1:24 PM To: ozDotNet Subject: Re: [OT] Friday - Conway (or.. Labor govt) once againdelaysInternet Filter "Liberals actually have 2 whole policies now I believe." Well that would be 2 more than Labor, lets face it, they just have a long line of disasters/failures/wasted many many billions and debt your great great grand children will still be paying off ;) But if I think you follow politics a bit more closely they have a few more positions/policies than 2 On Sat, Jul 10, 2010 at 12:21 PM, Ian Thomas <[email protected]<mailto:[email protected]>> wrote: 'Tweedledum and Tweedledee 1,2,3,3' - The Albert Langer Story http://www.aph.gov.au/library/pubs/CIB/1995-96/96cib14.htm ________________________________ Ian Thomas Victoria Park, Western Australia ________________________________ From: [email protected]<mailto:[email protected]> [mailto:[email protected]<mailto:[email protected]>] On Behalf Of Ian Thomas Sent: Friday, 9 July 2010 5:08 PM To: 'ozDotNet' Subject: RE: [OT] Friday - Conway (or.. Labor govt) once againdelaysInternet Filter Greg I'm not sure if you remember Albert Langer (decades ago, in Victoria), but he was gaoled for a short time for infringing the electoral act by forming a political party called Tweedle Dum & Tweedle Dee which encouraged people not to vote. ________________________________ Ian Thomas Victoria Park, Western Australia
