Comments by "" (@pwillis1589) on "Liberal Party ‘handing money to voters’ in attempt to win election" video.

@fats sem You are confusing National debt and household debt. The Household debt you are talking about is something like $2.5 trillion. I was only talking about Federal government National debt. We live in a relatively free society where people are essentially allowed to borrow what they like, that's their own personal problem if they can't make the repayments. Hard I know but that's capitalism.
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Our unemployment stats are at historic lows there just can’t be that many people out there trying to find work
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@JINGWA64 Our unemployment stat's come from the ABS and though the margin is very low ie anyone who works an hour a week is considered employed it has been a standard measure for many years. The unemployment data is not collected by the government and has nothing to do with jobseeker.
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The February labour force data unemployment fell to 4% Participation rate increased to 66.4% employment increased to 13372000 employment to population increased to 63.8% Underemployment rate decreased to 6.6% Monthly hours worked increased by 149 million hours. So there is nothing in the data to suggest there is a large qty of people seeking work because of vaccine mandates
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@fats sem Yes I am not arguing with you what you said is correct, we had two quarters of negative GDP back in 2020, however since then and currently all the economic data has been relatively good. The national debt you speak of is correct, however as a proportion of our GDP is perfectly manageable. Essentially we have no problems paying off the interest or the debt. It will take many years, 15 or 20 at last count, so I agree it is something we need to keep a close eye on but we are nowhere near where it could actually cause problems.
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@fats sem What vaccines are do you mean? Hepatitis A Flu Polio Rabies MMR Rotavirus Smallpox Chickenpox Whooping cough Yellow fever Japanese Encephalitis Dipthera Tetanus Covid19
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@fats sem it was just that you quoted the government figure $1.5 trillion and then spoke about the household debt which is much higher at $2.5 trillion. So which type of debt do you mean, household or national?
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@fats sem Because I had them all, and I’m fighting fit.
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Actually that’s a lie I have never had a rabies vaccine.
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@fats sem I’m not suggesting I understand virus immunology. Different viruses have different characteristics, the flu virus mutates like the coronavirus where as smallpox doesn’t and yes your right it has taken close to 200 years to eradicate smallpox and polio now only exists in two small pockets in Pakistan and Afghanistan. On the other hand many diseases in Australia have virtually been eliminated through vaccines, MMR for instance. When was the last time you heard of a kid getting measles. The HPV vaccine has already starting reducing the cases of ovarian cancer in women. None of these vaccines are perfect.
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@fats sem On a side note I am agreeing with you on most points, and seeking a little clarification that’s all. There is no need to get snarky.
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@fats sem Back to my original point that you called garbage, which was factually correct data quoted from the ABS. You then quoted a figure that was incorrect $1.4 trillion. Our gross debt is currently $963 billion and will increase to $1199 billion in 2025. Government debt as a % of GDP is only 43% which is well under the IMF and World banks guidelines of 60%. What is high is our Household debt % to GDP which is 129% and that is troubling. What would you recommend to stop households and individuals from borrowing so much money?
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