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Barnaby's Blog

14

 


Q. Who am I? Two weeks ago there were 183.8 of me, this week there is 187.3 of me.

A. Billions of dollars in gross debt.

Is there any way we can get the penny to drop on why this is not healthy for the Australian people? Look at it this way; we had all those demonstrations on Tuesday because of a prospective $400 million loss in medical research funding; in two weeks we dropped almost 9 times that amount. We could have built the Toowoomba Range Crossing twice, or we could have completed the required sections of the inland rail for this amount. We could have put slightly more money, than $1.4 million towards myrtle rust, an introduced direct threat to eucalypts in Australia.
Something smells. Ken Henry has left, Julia Gillard is panicking, and our gross debt is tearing through the roof.
Seeing as Mr Swan always talks about net debt, maybe he would like to find some of these funds he used in netting off this $187.3 billion and use it now to pay off some of the debt. I will tell you there are two things, he won’t be able to tell us where the money is and secondly, if he did know where it was, he would be terrified of what would happen if he actually used it to pay off the debt. For example, the largest section of the money used in the netting process is for public servants’ superannuation.
I have been banging on about this for about two years and I am not going stop till Wayne stops borrowing and starts paying the money back.
We have found ourselves in this position because we have got a government that spent like a person who should have been swabbed. We will look back in history and cringe as to how on earth we got ourselves into such strife. $2.5 billion on ceiling insulation, $16.8 billion on school halls and random $900 cheques, for who only knows what purpose followed by a little home cooked policy cake to cool the planet. Australia asks where do these manic ideas come from, and how on earth are you going to repay this debt?
 
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# Lorikeet
Thursday, April 14, 2011 6:37 PM
I would like to know more about this issue involving public servants' superannuation. That's a new one to me.

I'm also not sure what is meant by "spent like a person who should have been swabbed". Does that mean:

(a) swabbed off the decks, along with the flotsam and jetsam?
(b) swabbed to see if they have a transmissible disease (maybe Taxaholism?)
(c) swabbed off someone's arm like a germ, before they receive a Reality Check Injection?

Or is it something else?

We also have to ask ourselves about the connection between a Carbon Tax and Julia Gillard wanting to take away welfare payments for the unemployed. I guess she wants to have as many people living on the streets as possible, all depending on the rest of us for donations, which will be harder to afford with a Carbon Tax in place.
# Graham Healy
Sunday, April 17, 2011 3:46 PM
Exactly Barnaby,
187.3 billion of Debt , and the end user (Auzzie tax payers ) will carry this burden . But didn't you know we have avoided the GFC with these strategy's according to Wayne Swan and 'Pinocchio' Gillard .
Yep its all 'gone away' and we're all doing well aren't we ???
Tax relief and 'real incentives' for small business is the key to the Australian economy , but after the Queensland Floods and Floods in other states , where are we going now ? the blind leading the blind.
I guess we are going to have to have another crisis to get some 'real action' and turn this 'fantasy' attitude' around.

As Steve Keen says on www.Debtwatch.com , we have an economy based on the overinflated prices on Housing (about to burst) and a oligopoly of 4 major banks who only loan money to home mortgages and speculations on the stock market , and who do not loan money to small business based on tax returns (which they should ) .
So let recap here:
1) we have a bunch of bureaucrats who are racking up the national debt to 186.3 billion (as you say largest section of these netting process to Public servant superannuation)
2)Labour is now trying to hack into the system with 'extra tax' (without solving the deb problem) just keep feeding the monster that's been created
3)The oligopoly of 4 major banks 'cartel together' to hold the nation at ransom effective charging 150% interest on home loans and credit cards etc (if you work this out as interest charged over full term of the debt) are contributing to the massive debt bubble (remember if banks are makings huge profits what does that mean ? hum now let me think hard ....hum , o yes we are all in serious DEEPER DEBT ! ) so the banks contribute to the debt bubble problem in the first instance (who gave the banks the license to operate like this in the first place ?)
4) in the meantime Small/medium Business are driven to the wall just trying to survive and the rural industry ? same story except worse
As I say Barnaby, I remember that night on Q & A when you quoted the bankruptcy and sovereign debt issues of Greece and all the Lobour Pollies 'poo harred' your commentary .
5) The USA is now 'quantitative easing' their cash/debt problems by madly printing more money and madly selling US bonds to China (China is madly stackpiling Gold etc)

Yeah, It's all going to be alright Barnaby isn't it ? phew, glad I can sleep well at night realizing the 'Gillard and co' are at the cockpit of the 747 flying Australia directly into the Nuclear plant site at Fukushima japan, I guess unless there is a crisis ,there wont be change !.

Keep up the good work Barnaby, your 'Voice' on these issues is well supported on the 'ground' and I recon that the Aussie battlers are going to revolt much like other parts of the world , when they realize that that 747 Called 'Australia' is headed straight for a terrible impact point regarding national debt,personal debt,housing prices bubble bursts, and down right lies and basic untrustworthiness of Flight captain 'Pinocchio Gillard' as Labour has no idea where they are going and what Crisis lies ahead.

Regards ,


Graham Healy
Small Business Owner
# Lorikeet
Monday, April 18, 2011 4:12 PM
Don't worry, according to the latest poll, 70% of Australians have rejected a Carbon Tax, along with Ju-liar Gillard.

Unfortunately it is also thought that Kevin Rudd is rising in popularity again.

If an election was held tomorrow, the latest polling suggests that Labor and the GLI would be out on their ears in a flash.
# Lorikeet
Tuesday, April 19, 2011 7:46 PM
I found out today why centres which are still feeding homeless flood victims in the Ipswich area have run out of food, toiletries and clothing. The Food bank bins have now been removed from shopping centres.

Perhaps the government just wants the people to die of starvation or commit suicide, which would be much cheaper for the banks than rebuilding homes.
# Lorikeet
Wednesday, April 20, 2011 5:54 PM
Would Labor pay the money back? I think not!

Today I found out that Julia Gillard is moving Work for the Dole into corporate-owned aged care centres, from which global banks make a profit. This means that the taxpayer will be funding free labour for banks.

Fancy allowing THEM to take FURTHER advantage of both government and citizens!

Aged care requires very patient, hard working, skilled nurses with mature attitudes, not rebellious teenage drug addicts who have to be peeled from their couches each morning.

What will happen to our frail elderly citizens when they end up taking a sickie 8 days a week?

At the same time, Julia Gillard plans to UNCAP all aged care bonds and also place an UNCAPPED bond on High Care. None of this money will be returned to workers.

Instead, those who still have a spouse at home will have to put a REVERSE MORTGAGE on their homes, and poor Grandma or Grandpa could be forced into the gutter, awaiting a spot on a Foodbank queue, whose larder is already empty.

Sounds bad enough?

Then Labor will amend the Constitution to take away one of the cornerstones of democracy ... freedom of religion. Then only the Green Pagan religion will be taught in our schools, and the churches will be taxed out of existence, to enable the banks to take over the whole of aged care, hospitals and schools. This will crush our whole nation like a large nestful of cockroaches.

Everywhere I go, there are ordinary people (such as bus drivers and mothers) complaining that they cannot afford to pay all their bills.

Then yesterday I came home and turned on the TV to find prime time television teaching desperately poverty stricken mothers how to stretch 1 kg of beef to provide 16 meals. This of course is the latest episode (AKA cunning ploy) in the saga of the demise of our Meat Industry. The ladies had to stretch the meat using red lentils, chick peas and other types of beans, because they could no longer afford to buy enough of the best protein food available ... red meat that comes from the butcher!

Please people, go and shop at the Supa IGA (a wholly Australian owned company), the local butcher and the green grocer. And to hell with Coles and Woolworths and all other huge organisations which wish to control our country.
# Elwyn Muller
Wednesday, April 20, 2011 8:42 PM
Some of our Pollie's should be on trial for Treason.for the way they are

bankrupting our nation & dictating their Social Comunist ideas upon us.

Unless our Govner General sacks this Parliment, she also should be on a Treason charge for swearing into parliament a Social Comunist Party,who is bringing our constition into jepody.
The Green's should also be derested as a party , for they posed as an enviromental party not as a social comunist party.

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