I wonder what those numbers are for New Zealand? Where’s David Farrar when you need him?
fantastic…and not forgetting QE Infinity…$85billion per month….until?????economics…’a puzzle,inside a mystery ,wrapped in an enigma'(WC)
Excellent stuff! Clear and simple.
Even a Labour or Greens supporter could probably understand it.
Don`t be so sure.
Yeah, you’re probably right….. :)
Arguing by false analogy. Not so clever.
I believe the tax increases Barry has his heart set on will only cover the bills for about 16 days then it’s back to the printing press. It’s got to go belly up and soon as their toilet paper currency is increasingly been shunned by the world. Seems to me the developing situation is not a case of bad fiscal management but deliberate fiscal management. 2012 was a bit of a fizzier, 2013 might be edge of the seat stuff.
The same thing is bringing the US Empire down as has bought down every empire since the Romans. A BLOATED Military Budget + a BLOATED social welfare budget.
You have to wonder how the US will get their finances under control – spending $2 for every $1 you earn is not going to end in disaster – even if the Fiscal Cliff isn’t resolved it will still be $1.50 for every $1 – Muldoon level deficit spending.
Pity about the maths. S/b $385.00