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2010-02-12

Stubborn Rudd ministry to reach its debt ceiling for the nation

Comments on Michael Stutchbury “The stimulus outlay must be reassessed”, 12/02/2010, http://blogs.theaustralian.news.com.au/currentaccount/index.php/theaustralian/comments/the_stimulus_outlay_must_be_reassessed/

Most people except the Rudd ministry can understand the point and importance of revisiting the stimulus package and make appropriate adjustments.

That package was worked out under the assumption that unemployment rate would rise substantially, but now the reality is it has been falling.

Is the Rudd ministry economically conservative and responsible? Now its performance so far indicates anything but.

It seems Rudd/Swan will achieve their plan for nation's debt to go to hundreds of billions no matter what!

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