Wayne Swan delivered his fifth budget, and again, we are seeing a further increase in debt. Through accounting tricks and shuffling money between months and years, the Treasurer is making a false claim about having turned around his record of debt and deficit.
Here we have it again: another year, another increase in borrowings; another year, yet more put on the national credit card.
Thursday, 5 November 2009.
The Cup Day interest rate rise, the second in the last two months and with more on the way, illustrates exactly how Labor’s irresponsible spending is increasing interest rates for every Australian with a mortgage or business.
Wednesday, 14 October 2009.
The Governor of the Reserve Bank has admitted that increased government spending by the Rudd Government will force up interest rates.
Tuesday, 29 September 2009.
Back in 2008, Kevin Rudd and Wayne Swan claimed the biggest economic challenge Australia faced was the now long-forgotten ‘inflation genie’ and the economy growing too quickly.
