Monday, February 7, 2011

Aussie Fed Govt In Budget Trouble

Why would a govt insist on returning a budget to surplus

When there are several declared natural disasters

Why not continue in the red and recover bit by bit

Why invent new taxes and levies of all sorts

I reckon because the govt is broke

Has borrowed a lot already

And cant borrow a lot more

Already the economy is said to shrink by 2%

Australia is not earning what it is spending

Everyone knows what happens if the household budget is run like that

You end up worthless on the scrap heap of society

With little chance of recovery

Unless you have a reserve fund or friends

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