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Old 21-09-2017, 11:50 AM   #283
nuthin' fancy
Lyminge, Shepway, Kent
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Join Date: Oct 2008
Location: Geelong - Go Cats
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Default Re: Australia housing bubble

Quote:
Originally Posted by BENT_8 View Post
Actually that is incorrect, we had a Government debt level of $58b but at handover to Rudd the actual surplus was $17b.
When Abbott was elected post Gillard the surplus had become a $19b deficit with debts of around $160b.

@ nothin fancy, that rule is to prevent argument over one or the other, im not criticising either but simply highlighting how we avoided a recession.
Stick to the topic of Australia's housing bubble and there's nothing to worry about.

Liberal blames Labor, Labor blames Liberal. Barnaby Joyce and Bob Katter are voted in by people whose vote counts equal to mine. It is a zero sum game that doesn't deserve much space on a car forum.
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