Today I received a very alarming email about how our current Government handles our tax dollars.
Please read every word and make an informed decision on who you want to run this country, and remember…
Your vote will make all the difference come election day.
The Email…
Quote by: Ross Greenwood of Money News.
What is a Billion?
How many zeros in a billion???
This is too true to be funny…
The next time you hear a politician use the word ‘billion’ in a casual manner, think about whether you want the ‘politicians’ spending YOUR tax money.
A billion is a difficult number to comprehend, but one advertising agency did a good job of putting that figure into some perspective in one of it’s releases.
- A billion seconds ago it was 1959.
- A billion minutes ago Jesus was alive.
- A billion hours ago our ancestors were living in the Stone Age.
- A billion days ago no-one walked on the earth on two feet.
- A billion dollars ago was only 8 hours and 20 minutes, at the rate our government is spending it.
“NOW THIS IS INDISPUTABLE!!! NO MATTER WHAT YOUR POLITICAL LEANINGS”
Quoted by: Ross Greenwood of Money News.
Right now the Federal Government is at pains to tell everyone – including us the mug-punters and the International Monetary Fund that it will not exceed its own, self-imposed, borrowing limits.
How much? $200 billion.
And here’s a worry. If you work in a bank’s money market operation; or if you are a politician; the millions turn into billions into trillions and it rolls off the tip of the tongue a bit too easily.
But every dollar that is borrowed, some time, has to be repaid with interest. By you, by me and by the rest of the country.
Just after 5 o’clock tonight I did a bit of math for Jason Morrison. But it’s so staggering its worth repeating now. First though; here’s what Chairman Rudd has been saying about – what he calls – these temporary borrowings Remember Those Words : Temporary Deficit.
The total Government debt could end up around $200 billion. So here’s a very basic calculation …
I used a home loan calculator to work it out …. it’s that simple. $200 billion is $200,000 million.
The current 10 year Government bond rate is 4.67 per cent. I worked the loan out over a period of 20 years. Now here’s where it gets scary … really scary.
The repayments on $200 billion come to more than one and a quarter billion dollars – every month – for 20 years.
It works out we – as taxpayers – will be repaying $15.4 billion in interest and principal every year… $733 for every man woman and child – every year. The total interest bill over the 20 years is – get this – $108 billion.
Remember: This is a Government that just 18 months ago had NO debt. NO DEBT.
In fact it had enough money to create the Future Fund to pay the future liabilities of public servants’ superannuation… and it had enough to stick $20 billion into the Building Australia Fund last year …
Money News Presenter, Ross Greenwood
_____
Alan Jones Comment….. “this is frightening”: Hmmmmm??
He continues…
A note that was sent to me which explains that the six leading members of the Government from Mr. Rudd down, the top six have a collective work experience of 181 years, but only 13 in the private sector.
If you take out of those 13 years the number that were spent as trade union lawyers, that total 11, of the 181 years only two years were spent in the private sector.
So out of those 181 years:
- No years spent running their own business
- No years spent starting their own business
- No years spent as a director of a family business or a company
- No years as a director of a public company
- No years in a senior position in a public company
- No years in a senior position in a private company
- No years working in corporate finance
- No years in corporate or business restructuring
- No years working in or with a bank
- No years of experience in the capital markets
- No years in a stock-broking firm
- No years in negotiating debt facilities with banks
- No years running a small business
- No years at the World Bank or IMF or OECD
- No years in Treasury or Finance.
But these people have plunged Australia into unprecedented debt, and now threaten to torpedo employee share schemes which they plainly don’t understand.
Well, in a way you can’t blame them.
It’s clear the electorate did not do their homework, because the Gov’t is there by right.
Note:If you have read this you may like to pass it on to your friends as you, them and me, will be repaying the above.
AND…
Don’t forget that although our kind Govt. has allowed 300,000 immigrants into Australia in the past 12 months, how many of them will be contributing to paying this Deficit ( eg, how much Income Tax will they pay) OR will the majority be living from the System??
The Press gives plenty of air play to the 60 odd boats that have arrived in 2010 which is about 2000 people, but there is virtually no comment on the 300,000 that have arrived through our front door.
Go for a walk through Moorooka Shopping Centre, Brisbane ( and I am sure you have a Shopping Centre near you with the same happening) on any day of the week and see how many are making a living and paying Tax, oh well I guess they might be Night Workers…
Maybe they are on a Gov’t sponsored shopping trip from their luxury motel paid for by the Australian mug tax payer.
Remember, On Election Day Make Your Vote Count. Vote + Labor = More Debt.
Thanks for sharing this info Jeremy. Very very interesting. And alarming.
God bless ya mate.
Lance
Yeah, I was totally floored when I read it myself,
I was also very surprised to hear Kerry O’brien and Tony Abbott’s interview on the 7.30 report…
Here is a snippet from the interview taken from… http://www.abc.net.au/7.30/content/2010/s2979381.htm
“TONY ABBOTT: And the point I make, Kerry, is that $20 billion is a very, very significant outcome.
KERRY O’BRIEN: But when you talk …
TONY ABBOTT: And getting $20 billion off the bottom line is surely worth doing.
KERRY O’BRIEN: But when you talk about the massive amount of money overall that this country would have been in deficit – or the Government would have been in deficit – $110 billion in revenue that would have happened to you if you’d been in government, plus the $25 to $30 billion that you would have committed to a stimulus program – I mean, is that spending like a drunken – is $25 to $30 billion not spending like a drunken sailor, but $50 billion is
TONY ABBOTT: Well $25 billion! That’s quite a lotta money, Kerry!
KERRY O’BRIEN: But at what point do you become a drunken sailor, is what I’m asking?
TONY ABBOTT: What I’m saying is you don’t waste money, and this mob wasted …
KERRY O’BRIEN: 200,000 unemployed.
TONY ABBOTT: … – they wasted money. It’s never right to waste money, and one of the extraordinary things is a prime minister who says a bit of waste is neither here nor there. It is always important to treat the taxpayer dollar with respect.”
There seems to be a very clear line drawn in the sand between the two governments, One feels that it is OK to waste money while the other is very much into saving and getting rid of our nations debt.
I’ve created a quick questionaire for people to determine the answer to the question: “Did Julia fool ya?”.
Some interesting questions there, thanks for the heads up. For anyone else wanting to know if you have been fooled by the lies fed to us by this government do the quiz.
Did Julia Fool Ya
You are so right. The Labour Party have never been able to manage money, and every time we have a surplus they blow it within a short time. How gullible are those people who elect them. Unfortunately voters are motivated by who their parents voted for and their parents before them. What percentage of the electorate follow politics, I do not know. I suspect it would not be more than 10%. How you can bring anything like this to the attention of those who choose to bury their heads in the sand, I do not know. The old adage of:- “You shouldn’t talk about sex, politics or religion,” has carried over for ever and a day and yet these three matters are of greater importance than many others. As the saying goes:- “Evil prospers because good and honest people do and say nothing.” This Carbon Tax is yet another ploy of collecting revenue to perhaps bring us back to a surplus as she, Julia, would have us believe. Just as the Russians once said when they shot down the Korean Airline [KAL 007] in 1983……..”In time you will forget.” is indicative of the short memory span of those who elect people to power on the image alone of the chosen leader and not the policy of the party. My contribution to this article is to “Copy and Paste” to an email sending it off to those I think will appreciate it.