"It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong." Richard P. Feynman

Friday, September 30, 2011

World's Greatest Treasurer borrows a billion every week!

In a country with a booming export industry it is hard to imagine how Australia has a budget deficit of nearly 50 billion dollars. Of course when you add up the list of financial disasters this government has caused it is not surprising , and Labor has never in recent times managed to run a surplus - deficit spending is in the Labor DNA.
Australia should be putting money in a future fund for the hard times not wasting it on impractical  schemes and financial mismanagement. Euromoney who gave the award to our treasure has an unrivalled record in recognising financial acumen.

Euromoney 2006 Best Investment Bank - Lehman Brothers (Busted 2007)
And I’d like to note the favourable Euromoney commentary on AIG’s future, 2007 (bailed out 2007)

So it is probably not surprising for the World's Greatest Treasurer to think a great big new Carbon Tax will be just the thing to get the economy going! 

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