Andrew Bolt,Herald Sun (Australia)
"JULIA Gillard’s flood levy proves how criminally wasteful Labor has been, and so do her cuts to green schemes.The Prime Minister’s levy will raise $1.8 billion of the more than $5 billion the Government expects to spend to fix flood damage in Queensland and Victoria.And, while Gillard wraps the levy in the flag, talking tearily of Australians looking after their mates, it’s designed not to save Queensland but her.Gillard’s most solemn election promise was to return the Budget blown by Labor to surplus by 2013.But even before the floods, Labor was in strife.
A Royal Bank of Scotland analysis noted: “The risk of a delayed return to surplus already seems possible in that the monthly Budget data show that the deficit was running an annual rate of $60 billion as at November.”You can guess why Gillard is out of cash by comparing the $1.8 billion she wants from her levy with the billions Labor once recklessly shovelled out."
I subscribe to the guy from australia and his FFT economic newsletter at http://www.forecastfortomorrow.com he is saying this levy will be not good for us... that guy has called many big events before they have happend, including the stock market crash in 2008 and the current financial collapse of the US. (currently happening) I found him from a friend last year, and he has some important work.
ReplyDeleteI am worried about my financial future. Is anyone else nervous out there?