THE BUDGET IS A RECIPE FOR DISASTER!
Its pie in the sky, its a numbers play to hoodwink you to vote them in again and ITS WRONG!
This was the opportunity for Malcolm Turnbull and Scott Morrison and LNP to save us from the inevitable ‘Mother of all Recessions” that is heading our way.
- THEIR PROMISE IS THREE YEARS OF AUSTERITY viz DEFICITS IN 2017/18, 2018/19, 2019/20 until a fantasy surplus is achieved of $7.4 Billion in 2020/21.
- Accruing a “Public Debt Interest of $72.3 BILLION.
- By then the ‘National Debt ‘ will be $2 TRILLION and way out of control.
- The budget forecast is based on the premise that wages growth will be 4.7 percent about double what it is now. MOODY’S DON’T BELIEVE IT!
Surely they would know that the economy is slowing and unemployment is growing yet they would have us believe that the economy will grow and government revenue will rise and all the while-
- THEY ARE GOING TO SPEND ANOTHER $75 BILLION on railways and a second airport in Badgerys Creek that will not yield any revenue for a decade and more.
Banks ignore the Reserve Bank’s declaration of cuts in Interest Rates and merrily increase their home lending rates at their pleasure and now they will be burdened with a $6.4 Billion Levy – Guess who is going to have to dig into their pockets and purse to pay for that?
The world is facing an inevitable GFC again but it won’t take another GFC for Australia to collapse into a financial abyss.
THERE IS ONLY TWO YEARS BEFORE THE NEXT FEDERAL ELECTION, In that time you will be faced with more Austerity ( THREE YEARS as above).
It is obvious now that they really don’t know what to do to change things around and to bring a new era of prosperity – I DO! But I can’t do it alone. TIME IS RUNNING OUT! AUSTRALIA IS IN YOUR HANDS! I need 500 members now to register my party and to contest every State and Federal Seat and to win the next Federal Election I need your support send an email with “I wish to join” subject line to email@example.com YOUR DONATIONS NO MATTER HOW BIG OR SMALL GRATEFULLY RECEIVED send your financial pledges in your email to join my party. IT IS NOT PRETTY LIVING IN POVERTY – I KNOW! Cheers Ray.