Our gov't is worried how they will be able to pay the pensions for all the
baby-boomers as they start to retire.
Now how in the friggin' hell are they going to pay the pensioners AND
millions of immigrant New Start applicants when the recession finally hits
Australia?
Warren Smith
3/33 Acorn Cres
Maitland NSW
Mob: 0412737838
warren...@aussiemail.com.au
*************************************
However you look at it, the concept that Australia
might belong to Australians, is anathema to the
bipartisan cargo-cultist politicians, plague
landlords, property speculators and media drones.
Australians watch in horror and dismay as bulk
immigration and multiculturalism consume their
nation.
**************************
Too hard to confront:
Australian HOUSEHOLD Debt reaches 100% of GDP!
*
http://www.crikey.com.au/2009/07/17/park-the-debt-truck-household-debt-reaches-100-of-gdp/
*
...Government debt is not what we should be worrying
about. What is more concerning is private debt...
I know that you vegetables want to kill any information
that suggests that the status quo is in error, or that
maybe bipartisan policies and dogmas are taking
Australians over a steep socioeconomic cliff.
------------------------------------
Household Debt:
100.4% Of GDP
Aussies $1.2 trillion in debt
In a new record, Australians now owe more in
household debt than the country's entire economy
earns in a year.
Reserve Bank figures show mortgage, credit card
and personal loan debts now stand at $1.2 trillion,
up 71 per cent from just five years ago and equating
to $56,000 for every man, woman and child in the
country, News Ltd says.
Our spending binge, fuelled most recently by the
federal government's First Home Owner Grant,
means personal debt now totals 100.4 per cent of
Australia's annual GDP - one of the highest ratios in
the developed world.
"It's the first time household debt has cracked 100
per cent of annual GDP and it's a terrible, terrible
sign," University of NSW economics professor Steve
Keen told News Ltd.
"It shows we are living beyond our means and many
highly geared borrowers are now extremely
vulnerable to further rate rises - they are already
saturated with debt and will not be able to tolerate
much of an increase to their repayments."
Australia's financial headache is likely to get worse
before it gets better. The country is in the midst of
the peak spending season, when billions goes on the
plastic, yet the Reserve Bank data dates back to
October's debt levels only, so that means there are
another two months of First Home Owner
Grant-fuelled mortgage activity still to be taken into
account.
The extra cost is expected to add billions to the
burgeoning debt tally.
****************************
What is the point of creating more renewable
energy if it will never be enough due to the huge
population growth? The real solution is to end
population growth, not encourage it.
With the rise of the bulk immigration growth
lobby, many fawning conformists have been forced
to seek the stability and steady work promised by
property market enslavement. However, they make
poor billionaire friendly slaves, and may be
forced into unaffordable housing so that they can
be fed to the lions of social violence and
cultural diversity.
It is no accident that bulk immigration is so
billionaire friendly. The growth-mad
multiculturalist politicians can be very generous
with public money. They certainly got the
invertebrate subhuman jellies over a barrel of
bullshit.
***************************
Sir Lady Johnette lives only to smear its pitiful
shit over everything.
Seems to have a terrible identity crisis, and
impersonates, changes its identity etc..
Psychotic rage, obsessive-compulsive behaviour,
homosexual and coprophiliac ideation.
I cannot tell the chronological age of its body,
but its emotional age is infantile, and its
mental attainment and expression is adolescent.
***********************************************
Easy, put some of the tax money spent on immigration, baby bonuses, home
buyers grants etc. into a pension fund instead of consolidated revenue.
> Now how in the friggin' hell are they going to pay the pensioners AND
> millions of immigrant New Start applicants when the recession finally hits
> Australia?
And the pensions of all those immigrants who have not paid taxes in
Australia for 40-50 years already, like many Aussie pensioners have!
MrT.