Sunday, January 3, 2010

X & Y : Oh Brother!!

The governments economic stimulus package has worked its 'magic', the recession that we Aussies were well placed to fend off in the first place, was completely avoided with exorbitant Government spending in various projects that had questionable motives and public worth.
"Nation Building", "the Education Revolution", 900 Household bonus, etc etc were rolled out with massive fanfare and PR spin. The Treasury didn't release details as to how they were to fund these massive stimulus payments, but since their release, the Commonwealth Government Bond market has exploded into life, for the first time since late 1999, when Howard and Costello got rid of federal government debt, the government now owes foreign and private entities money, at a rate of interest which will need servicing from the public. so let me ask you, which generation is "screwed" ??