“It was fascinating to read Lenore Taylor’s article in The Australian today titled “World needs to be saved from spending spree: PM. Sorry Lenore I will have to correct the title for you it should read “World needs to be saved from spending spree PM”. Just remove the semicolon and add a full stop after PM. Also check the location of where this speech was given, Berlin. I would not be surprised if this speech was not given somewhere in the vicinity of a road near Damascus.”

“Maybe this is the required miracle, Mr Rudd’s financial epiphany that shall bring about the beatification of Mary Mackillop and perhaps Mr Rudd will be able to take to The Pope walking - talking evidence of the hand of God at work in the mind of our Prime Minister. “   

“Mr Rudd, according to the article said “exit strategies to return budgets to balance” were critical. This is something that I have been pursuing in Senate estimates ever since Mr Rudd devised the stimulus packages that have exacerbated the effects of the debt our nation now finds itself in. The Treasury could only table two pathetic bullet points basically stating when things get better we will pay the money back.”

“Mr Rudd appears to have stumbled over another stark realisation known by anyone who has ever run a business that repaying debt is not quite that easy.”

“Paying money back is far harder than borrowing it especially when you have invested imprudently in $900 plasma screens, gambling, imported consumables, ceiling insulation, basically junk; or if your investment is in fractured dispersed capital that doesn’t actually increase the aggregate capacity of output, for instance where a nation invests tens of billions in a myriad of school halls believing this will make the truancy level fall or the mathematics mark rise.”

“When you invest without forethought to an exit strategy then you are euchred because you have nothing to sell to pay the debt back if the debt overhead is too much for your nation’s business plan. This is where Australia is.“

“Mr Rudd statement that our financial predicament is not as woeful as other nations does not deliver an exit strategy from debt.”

“Mr Rudd should also understand that the only reason he did not have bad trade figures for the last quarter is that the wheat exports were in the pre March 31 shipping figures along with coal and had absolutely nothing to do with any domestic stimulus package unless you can prove the link between plasma screens and prime hard wheat.”

“Anyhow an interesting speech Mr Rudd let us see if you can practice what you preach.”