Comments on Peter Hartcher “Role reversal from Swan and Hockey”, 10/08/2010, http://www.smh.com.au/opinion/politics/role-reversal-from-swan-and-hockey-20100809-11u1w.html?posted=sucessful
The argument of federal debt to peak at 6% GDP is equivalent to "which is like someone who earns $100,000 borrowing $6000", demonstrates another simple mathematics by the unfortunate Treasurer, because the federal government does not own 100% GDP: to be correct - what it can take is only the tax part.
How can the Treasurer make this sort of arithmetic? No wonder the federal government has been plagued with wastes in its programs with such a man as Treasurer.
He has been acting as if he owned every cent of the nation's GDP! Bet, bet and more and bet using others' money.
Whose money? Taxpayers, of course!
Is this another stuff learnt from primary or secondary school, in Australia?
Or is it because of logic and numbers as opposed to simple numbers?
It seems that is really some stuff hard to understand.
Laughable stuff? You bet!
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment