17 hours ago, emptypockets said:

And eventually state debt becomes federal debt through taxation distribution.

Then, Australia loses its AAA credit rating, and we all get 15 baht to $1AUD.

i do wonder how the riches of australia was swindled away,

its obviously politicians that caused this damage, but how ? on what ?

3 hours ago, KhunHeineken said:

Then, Australia loses its AAA credit rating, and we all get 15 baht to $1AUD.

Yep.

On 4/1/2022 at 3:12 PM, KhunHeineken said:

I wonder how much of it can be attributed to generous welfare systems that get taken advantage of.  

That didn't take long. 😄

nooo we want all the money for white people you're the racist here

Edited June 29Jun 29 by SiSePuede419
BLM

5 minutes ago, mordothailand said:

i do wonder how the riches of australia was swindled away,

its obviously politicians that caused this damage, but how ? on what ?

Bad policy. Too much expenditure on the NDIS and social welfare for example.

1 hour ago, emptypockets said:

Bad policy. Too much expenditure on the NDIS and social welfare for example.

Oh don't be prejudice to the socialist system, the NDIS is helping disabled people and giving them a better life

4 minutes ago, georgegeorgia said:

Oh don't be prejudice to the socialist system, the NDIS is helping disabled people and giving them a better life

It is the biggest rort of a system ever conceived. Don't you see all those late model cars with "We 💕 The NDIS"?

I'm all for the profoundly disabled to receive the care they need, but not for the corruption that comes when taxpayers money is being wasted on this.

The term 'disabilty' needs to be redefined in this context.

It is the biggest rort of a system ever conceived. Don't you see all those late model cars with "We 💕 The NDIS"?

20 minutes ago, emptypockets said:

I'm all for the profoundly disabled to receive the care they need, but not for the corruption that comes when taxpayers money is being wasted on this.

The term 'disabilty' needs to be redefined in this context.

20 minutes ago, emptypockets said:

Disabled funding should be extended to the last few responders on this topic, and to KH for his 'same old same old' drivel. Your all well qualified tho to join ON and the mad red head💇!

Edited June 29Jun 29 by Olmate

18 hours ago, mordothailand said:

i do wonder how the riches of australia was swindled away,

its obviously politicians that caused this damage, but how ? on what ?

This lady explains it quite well in this short video.

18 hours ago, emptypockets said:

Yep.

The loss of such purchasing power will be tough on Aussie expat aged pensioners.

17 hours ago, georgegeorgia said:

Oh don't be prejudice to the socialist system, the NDIS is helping disabled people and giving them a better life

Georgie, I have a specific kind of picture forming in your mind.

Trying to paint a picture, I need to work you out.

Mmm, let me think now 🤔 .......

I'd say you are part of the LGBTQ community and sponging off the NDIS.

Am I correct?

Edited June 30Jun 30 by SAFETY FIRST

18 hours ago, SiSePuede419 said:

That didn't take long. 😄

nooo we want all the money for white people you're the racist here

Errrr, I've never attributed Australia's high welfare bill to the color of anyone's skin.

I gather you talking about Aboriginal people in Australia, who only make up around 4% of the population. There's a lot of "white" people on Centerlink also.

Here's a breakdown of the Australian government's expenditure. That 37% is over $300 billion, and it doesn't all go to Aboriginal people. No racism here.

1. Social Security and Welfare: 37.1%

2. Health: 16.4%

3. Education: 6.9%

4. Defence: 6.2%

5. General Public Services: 5.3%

6. Fuel and Energy: 4.1%

7. Transport and Communication: 3.4%

8. Public Debt Interest: 4.8%

9. General Purpose Inter-government Transactions: 4.2%

10. Other Purposes: 7.6%

18 hours ago, emptypockets said:

Bad policy. Too much expenditure on the NDIS and social welfare for example.

Also, selling off our assets. (privatization)

The next thing they are looking at selling is defense force bases.

Seriously, how broke do you have to be to even consider selling defense assets?

21 hours ago, KhunHeineken said:

6/28/2026 at 9:03 PM, emptypockets said:

And eventually state debt becomes federal debt through taxation distribution.

Then, Australia loses its AAA credit rating, and we all get 15 baht to $1AUD.

We only have the Labor voters to blame.

17 hours ago, georgegeorgia said:

Oh don't be prejudice to the socialist system, the NDIS is helping disabled people and giving them a better life

17 hours ago, georgegeorgia said:

Oh don't be prejudice to the socialist system, the NDIS is helping disabled people and giving them a better life

NDIS is helping criminals have a better life also.

https://www.ndis.gov.au/news/11571-sa-woman-charged-over-alleged-5-million-dishonesty-plot-against-ndis

https://www.afp.gov.au/news-centre/media-release/sydney-man-arrested-over-alleged-15-million-national-disability-insurance

16 hours ago, Olmate said:

It is the biggest rort of a system ever conceived. Don't you see all those late model cars with "We 💕 The NDIS"?

Disabled funding should be extended to the last few responders on this topic, and to KH for his 'same old same old' drivel. Your all well qualified tho to join ON and the mad red head💇!

Hardly drivel, Oldmate.

Here's the debt clock. Over $35,000AUD owed by every Australian. Interest rising by $48,489AUD per minute.

https://debtclock.au

Are you suggesting it's all fake news????

13 minutes ago, SAFETY FIRST said:

We only have the Labor voters to blame.

Not true.

Successive governments from both sides of politics have got Australia to where it is today, and that is, a road to economic self destruction.

One day, we'll have to look to China for a bail out. 😂

11 minutes ago, KhunHeineken said:

Successive governments from both sides of politics have got Australia to where it is today, and that is, a road to economic self destruction.

One day, we'll have to look to China for a bail out. 😂

Agree but Labor who has been reckless in spending.

It was the Libs who got the country debt free.

Edited June 30Jun 30 by SAFETY FIRST

12 minutes ago, SAFETY FIRST said:

Agree but Labor who has been reckless in spending.

It was the Libs who got the country debt free.

Costello got Australia debt free, 20 years ago. I posted an interesting interview with him.

There's been various Labor and Liberal governments since. All are responsible.

A point in time will come where Australia poses a credit risk, then watch the AUD fall off a cliff.

To show how close Australia is to losing its AAA credit rating, S&P warned BOTH political parties that if they were to make good on their election promises, Australia could lose its AAA credit rating.

Random article from Google below, but there are many articles on the subject.

https://www.livemint.com/economy/sp-warns-australia-aaa-rating-at-risk-from-election-pledges-how-why-govt-fiscal-measure-budget-deficit-debt-economy-11745813183952.html

13 minutes ago, KhunHeineken said:

Also, selling off our assets. (privatization)

The next thing they are looking at selling is defense force bases.

Seriously, how broke do you have to be to even consider selling defense assets?

1 hour ago, KhunHeineken said:

Costello got Australia debt free, 20 years ago. I posted an interesting interview with him.

There's been various Labor and Liberal governments since. All are responsible.

A point in time will come where Australia poses a credit risk, then watch the AUD fall off a cliff.

To show how close Australia is to losing its AAA credit rating, S&P warned BOTH political parties that if they were to make good on their election promises, Australia could lose its AAA credit rating.

Random article from Google below, but there are many articles on the subject.

https://www.livemint.com/economy/sp-warns-australia-aaa-rating-at-risk-from-election-pledges-how-why-govt-fiscal-measure-budget-deficit-debt-economy-11745813183952.html

1 hour ago, KhunHeineken said:

Costello got Australia debt free, 20 years ago. I posted an interesting interview with him.

There's been various Labor and Liberal governments since. All are responsible.

A point in time will come where Australia poses a credit risk, then watch the AUD fall off a cliff.

To show how close Australia is to losing its AAA credit rating, S&P warned BOTH political parties that if they were to make good on their election promises, Australia could lose its AAA credit rating.

Random article from Google below, but there are many articles on the subject.

https://www.livemint.com/economy/sp-warns-australia-aaa-rating-at-risk-from-election-pledges-how-why-govt-fiscal-measure-budget-deficit-debt-economy-11745813183952.html

Just one of many.... all sticking with AAA, think KH never had AAA 🙄

On 12/30/2021 at 12:50 PM, KhunHeineken said:

How could a country with such an abundance of resources be so mismanaged, for so long?

This is what happens when you have criminals running the country, they're only in it to line their own filthy pockets.

I like this guy.

It's sad we have Pauline Hanson supporters here that's all I can say .

11 minutes ago, georgegeorgia said:

It's sad we have Pauline Hanson supporters here that's all I can say .

I like 2Phuc

Edited June 30Jun 30 by SAFETY FIRST

1 hour ago, georgegeorgia said:

It's sad we have Pauline Hanson supporters here that's all I can say .

They know not what they do,!

37 minutes ago, Olmate said:

They know not what they do,!

Well their better than you Labor voters !!

1 hour ago, georgegeorgia said:

Well their better than you Labor voters !!

Best stick to your union supported gig @ the hospice moppsy, your Thailand retirement depends on it. 😬

34 minutes ago, Olmate said:

Best stick to your union supported gig @ the hospice moppsy, your Thailand retirement depends on it. 😬

This is coming from the man who didn't do a days work in his life except bludge on taxpayers dollars with your government job

4 day week,sick every Friday, another bludger & spiv that milked the system

Did you steal the coffee out of the staff mealroom too ?

Well at least you got away with milking the system and apparently still doing it with your airfares paid

Edited June 30Jun 30 by georgegeorgia

5 hours ago, georgegeorgia said:

It's sad we have Pauline Hanson supporters here that's all I can say .

Thankfully you will stop commenting. This is an adult's only forum.

22 hours ago, Olmate said:

Just one of many.... all sticking with AAA, think KH never had AAA 🙄

Yet, S&P warned both political parties prior to the election that if they were to both make good on their election promises, Australia risks losing its AAA rating.

Did you see the debt clock? It's going up, not going down, thus, Australia is getting closer to losing its AAA rating, not securing it.