The election ...When will he call it.

[Bobby]

It’s the same old problem:
they can't pay: old age pension, social security and public servants without printing money.
Our economy is fake – it’s based on unfunded liabilities.
No Govt. has a solution and it’s never spoken of in election campaigns.
When will their Ponzi scheme collapse?


see this video:

https://www.brighteon.com/e755ff4b-6b4b ... 7e23f001ca

[Bobby]

[Redneck]

I see he got a right bollocking from an invalid pensioner when he visited a pub in Newcastle yesterday. Good to see imo.

Arsehole trying to look like a man of the people.

https://www.abc.net.au/news/2022-04-07/ ... /100972300

[Jovial Monk]

Phony as a two bob watch.

[Bobby]

Latest news ABC 24.
This is disgraceful.


The Govt. will hide the Covid death numbers during the election campaign.

[J o h n S m i t h]

I see he got a right bollocking from an invalid pensioner when he visited a pub in Newcastle yesterday. Good to see imo.

Arsehole trying to look like a man of the people.

https://www.abc.net.au/news/2022-04-07/ ... /100972300

It's about time the pensioners woke up to the libs scams.

[Bobby]

Our Govts. are printing money.
Both Labor and Liberal have it as their main policy.
Modern Monetary Theory

What is wrong with MMT is that once the Govts. start printing money they can't stop.
There is always another urgent reason to print more.

First it was the GFC, then Covid and now it's the war in Ukraine and
the military expenditure to supposedly fight China - a superpower.
Of course there were always unfunded liabilities that the Govt. couldn't pay:
old age pensions, social security, armies of public servants, health, schools and roads expenditure
brought on by uncontrolled mass immigration
putting pressure on our services.

We invited millions of people here but they all
needed schools and hospitals etc. -
more unfunded liabilities.
It's like saying there's a party for 1,000 people at my place tomorrow
and having no money for the booze.
So - out comes the credit card.
The hangover is paying it off -
which they can't do.

[Jovial Monk]

FFS forget about “printing money!” It is FAR better to run deficit Budgets than to take money out of the economy by running surplus Budgets all the time. Read a book on economics. Christ, typical of you to watch a stupid YouTube (and believing fat Clive Palmer FGS!) instead of maybe opening a book on macroeconomics!

[J o h n S m i t h]

bobby struggles with basics

A deficit means less money is removed from mums and dads and into the governments hands.

A surplus means that more money is removed from mums and dads than is needed



If bobby wants the govt to have more money he should donate some more of his.

[Jovial Monk]

The huge deficits from the Great Depression and WWII were paid back without a single surplus Budget. Governments can pay the debts down by growing the economy.

Interest rates etc can be used to control inflation—that is, by monetary not fiscal policy.