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Old 06-10-2007, 06:50 AM posted to aus.gardens
cp cp is offline
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First recorded activity by GardenBanter: Oct 2007
Posts: 18
Default Love the lack of water dont you?

On Sat, 06 Oct 2007 11:43:18 +1000, Terryc
wrote:

Jonno wrote:
The thing you say that stick out is ALP debt.


Well, a country is like a major corporation, it has to borrow to build
major assets. Just like most people borrow to build a home.

Some major companies also have seasonal income and they will borrow in
periods of low income and repay in periods of high income. For
countries,this period can be decades. As far as I'm concerned labour
whilst in power lined up everything for the next decade of "liberal"
prosperity. Kinda ****ed off that that surpkus income wasn't used to get
started on creating major assets like ports, railways, highways, schools
or even hospitals and hospices to look after the people who went through
hards time earlier to give us good times now.


Water, power, hospitals are the responceability of the states not the
federal government. The ALP here in WA are hopeless like every other
state government across Australia. The reason the libs are not in
power in those states is they keep on picking opposition leaders that
are even worse than what are in power in those states. Its been that
way federally as well for some years.

You say they ought to borrow money to pay for new things, the problem
is they borrow many hundreds of times what they ought to which is why
they run into recessions which are horrible things that do more damage
than anything else. Keating left this country in an awful mess. Its
been restored and debt paid off. With debt paid off they are not
paying oput billions to the banks in interest aloan. This money can
now be spent on other things.

When you build your house you borrow and over 20 years you pay ot off.
Only the tools in this world borrow again and again and again. Once
you pay off your debts you really ought to save for your final years
not continue to spend like there is no tomorrow.

The states are racking in the money from the GST. They are getting
more money now than they've ever had before. Some s illy governments
are spending it on sports stadiums instead of spending it on
infrastructure. Here in WA they are looking to build a new stadium so
that an extra 15,000 people can watch the footy. I rather they build
another two water desalination plants than a stadium to keep 15,000
extra people happy.

Fix the water, hospitals, police, education up first before
squandering it on stadiums and the like.