Australian P.M. Plans Stimulus
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OK Australia has 20 million population USA 200 million population so $200,000,000,000 add a 0 on that $2,000,000,000,000 So rudd spent the equivelent of 2 trillion in AU or twice as much per head of population as Obama did.
obaia 2 years ago
But a country with a much larger economy like America's, can afford to have a much larger debt....you brainwashed Laborite scumbag.
germanicelt 2 years ago
You do realise that's gonna result in really high taxes in the future?
symons3569 2 years ago
188bn deficit, 300bn debt.
Not good.
symons3569 2 years ago
I'm not saying that the debt is not Australia's, I'm saying that a debt of 200bil is nothing COMPARED to the US's. Understand now? Fuck head!
Syoles 2 years ago
It's not $200,000,000,000 of Americas debt, it's Australia's debt. We had $20,000,000,000 in surplus before this, so it does make a huge difference to Australia, you deceived Labor monkey.
germanicelt 2 years ago
The US has trillions of dollars of debt even before the bubble burst. 200 bill doesnt compare fuck head.
Syoles 2 years ago
Correction....Its going to be a $200 billion debt.
germanicelt 3 years ago
@1:02 "this economic crisis, a crisis not of Australia's making" - but wait, I thought it was the make of 'neo liberalism'? I was thinking, I bet this stimulus doesn't work and Rudd will ask for another by the end of the year, then @1:42 "it is a strategy to which we will ad in the future as is necessary". So basically we are screwed. This is going to be a 100 billion dollar debt by Labor for the Libs to clean up.
Kevin Rudd you are a globe trotting puppet of the international banking cartels.
germanicelt 3 years ago
So if the Liberal Party didn't support the war on Saddam, that would've made all the difference? This problem wasn't caused by the Iraq war, but the debt has enhanced it. The financial crisis is intentionally orchestrated by the private Federal Reserve, which had all the regulatory authority for mortgage lenders, but did little. But this was stopped by Costello in '97 (funny how Keating missed it) when he took this authority away from our central bank. Because of this we will avoid a depression.
germanicelt 3 years ago