The world finances are in a melt down! this is not new news (Not sure you can have old news…) But are we addressing the issues but throwing more money at it?
I read this in the Herald Sun
Step 2: Watch your debts
After this week's political performance, this step applies equally to Kevin and Co.
Why do so many politicians believe that we can spend our way out of a recession? This is exactly how we got into this mess in the first place!
The only difference this time is that we're putting it on the nation's credit card.
The Government's big spending policy is an attempt to prop up the unprop-up-able. The policy risks becoming a very expensive bandaid for a deep wound which is only just beginning to bleed.
In the real world (outside the confines of Canberra) it takes time, and a good dose of economic reality, to build back confidence – not one-off Government gift cards (or the offer of free home insulation).
Why do they think that they can fix consumerism by getting people to buy more? how does spending more help to address the issue that we have spent too much!
Surely we have to accept that we must change out lifestyles and live lives that are less greedy and consuming!
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