Comments by "" (@pwillis1589) on "" video.

So the recession under Morrison what was that? Economic greatness?
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@ Yeah right sure. From an economy of $63 billion in 1973 to one of close to $2 trillion yeah that Lima thing really buggered us up. Particularly as we now have one of the highest GDP per capita in the world, ouch that really hurts.
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@ That’s a reasonable comment, however, we had a GFC and a worldwide recession where except for Australia every other OECD country went into recession. Labor managed that economic crisis. Spending under the current Labor government as a ratio of GDP is no different than the average over the last 50 years. Why is debt under LNP good but under Labor bad?
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@michaelmarshall1713 Yeah nah. Hilarious, it was 50 years ago and Australia has moved ahead in leaps and bounds. Nice conspiracy theory though, always entertaining on a slow Sunday afternoon.
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@Dottydawes Nice try. Your argument is destroyed by our trade balance $54 billion to the good. So we are actually exporting more than import. We on average produce somewhere between 5 and 7 times more food than we can consume. Nope balancing the economy is always tricky and rarely is everything perfect, if ever. My point was we are not in a crisis, that is just emotional panic language designed deliberately to create fear.
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@Dottydawes Inflation is back in RBA target range 2-3%. Our federal spending is on the average GDP ratio that it has been for 50 years which according to the World Bank and IMF economists at around 30% of GDP is perfectly OK. Happy for you to provide a factcheck on this. Just provide your economic certification. There have been multiple tax reviews over the years, the last one "Henry" was largely ignored by both sides. We have public health, public education, public housing, Medicare, NDIS, social welfare. Tell.me when you retire, or you may well have will you refuse your aged pension or accept a cut of 50% to it?
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@Dottydawes No I didn't equate the trade balance to the national debt. You raised the issue of imports. I explained we currently have a trade surplus so a low $A is good. I explicitly directed my comments to tax. Are you personally happy to never receive an aged pension?
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No i specifically referred to IMF economists who claim that our debt to GDP ratio of around 30% is perfectly OK. Once again are you happy with going to the doctor and paying the full cost, no Medicare payment. Are you happy never receiving an aged pension? Are you happy to go to hospital and pay the full cost?
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@ Good, So we agree stop aged care pensions, and all funding to aged care facilities. Let the user pay full cost. There, your entire budget concerns are fixed. We are now in full surplus mode with $ bucketloads to pay off the existing debt.
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@ Yeah nah. Simply put you provided no evidence, just some emotive language. Here is a fact, as a proportion of GDP federal spending under Turnbull and the current Labor government is at a 50 year average and at about 30% of GDP a perfectly acceptable debt level (IMF economist opinion not mine). It did jump a little under Scotty from Marketing, but he did have a pandemic to deal with. No crisis, no need to fear monger.
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@Dottydawes Happy to immediately stop all federal and state subsidies to renewable energy, but include the $15 billion annually in Federal and state subsidies to the fossil fuel industry. Bingo deficit gone. Why should my taxes be spent on old people that didn’t save for themselves? And it’s about time we paid the full cost of burning coal.
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@ See we completely agree again. Cut all aged care assistance and stop all energy subsidies both fossil and renewables. Surpluses till the cows come home. Nothing woke about any of it, if anything it’s anti woke. I don’t understand your criticism.
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@Dottydawes Why is it woke to suggest people fund their own old age care and income?
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