Comments by "" (@pwillis1589) on "The current generation has not lived through a ‘severe financial crisis’" video.

WTF was the 2008 global financial disaster of 2008. Does she have the memory of a goldfish.
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@info88w11 You need to calm down and take a chill pill and stop ranting and yelling. You are factually wrong on several points. While the US and European countries were the most affected it is described as the Global Financial disaster as it was worldwide, but if you can reference me were it is called the Nothern Hemisphere Financial disaster I'll stand corrected. Australia was the only OECD country that did not fall into recession this was because the Federal government stepped in and guaranteed bank deposits and initiated a stimulus budget. The LNP did exactly the same during the pandemic recession. I mentioned nothing in my initial comment about the Labor government's response. The previous LNP government added $600 billion to the National debt. The rest of you ramblings are just an incoherent rant.
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@info88w11 It is difficult to fight through your nonsensical yelling and ranting,, however you are correct the Labor government racked up about $300 billion in national debt which I never implied they didn’t I explicitly mentioned a stimulus budget, perhaps I should have said budgets. The LNP then added about twice that $600 billion to where it stands now at about $1 trillion. None of which is unserviceable and well with % of GDP guidance from the IMF, and considerable less than our OECD partners. I look forward to your next gibberish rant.
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@info88w11 Thanks for that, however in his farewell speech from the Monetary advisory committee to the Bank of England, David repeatedly describes how proud he was of his work during the global recession in 2008/09. So swings and balances of one economists language. The global recession was most definitely felt more and affected the US and European countries but it was a global recession.
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@UCsK2V3EgcRCf5IvfEfa8gyw No you are lying as the $trillion figure was the LNP owns budget forecast from the March 22 budget and was to reach this figure in the middle of next year, but it was just a forecast. As with any prediction circumstances can change and they have. There has also been a subsequent Labor budget. Nothing I said was factually wrong as I prefixed everything with approximately. The numbers you have provided do not disprove what I claimed and are clearly more accurate. Despite some misinformation at the beginning you have finally responded with a well thought out and reasoned reply. Well done.
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@info88w11 I backfliped on nothing, I always claimed it was a budget estimate of the LNP and was going to be reached in the middle of 2023 on the estimates of the Mar 2022 LNP budget. It is just in your previous unhinged replies you weren’t thinking clearly. Once you calmed down your detail of the current deficit numbers was accurate, realising that these to are just forecasts and change regularly. The key to the national debt being reduced is a change in economic conditions and a revised Labor budget, but again it is only a forecast. GDP growth has been quite good this year and the forecast is for it to slow next year so we will see what the May budget next year will reveal.
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