@MommyLucy I couldnt agree with you more on pretty much all counts here. A branch of Economics called Keysian says that its OK for the government to borrow to help smooth things out between boom and bust. Particularly for social good projects like Highways and infrastructure like damns and power grids. But recently a lot of governments gave money directly to people during Covid to help them get by. The key to this is that sooner or later, the bill comes due and that money has to be paid back.
Now here is where is gets a little complicated. The paying back cant be stopped. Either the government raises taxes, or cuts spending.. And if they dont, then the value of the money itslf falls and it takes more $ to buy everything. Which is what is happening in a lot of places right now. Americas problem is that they think they are immune and can dump the bill on someone else to pay. (Like they did in 2011) But that wont work this time.. (I hope that wasnt too complicated. I get that Autistic doesnt mean stupid. Its just a different way of seeing things..)😷

@whowasthatmaskedman LMAO, if the person has private health cover or can afford to go to a private hospital. Some just have to wait it out on the public system for years. And to be very opaque, the private health system is a rort too, the private health companies just raise the premiums, cover a lower percentage on claims, making record profits.

Even with private health there is a gap, because the AMA do noting and doctors are greedy. The AMA tells the doctors, this is the schedule rate, but you are free to charge what you like. The private insurers only cover a set amount per schedule item, no doctor wil do the surgery for that amount to ensure there is no gap or co payment from patient. Common surgeries like tonsil and adenoids carry a gap fee of $1500 to $3000 even with private health insurance.

Just like the banks, record profits, RBA increasing interest rates, only punishes home owners. All the retirees spending up big still, interest increases doesn't affect them. Renters could care less until their rents are hiked and then they whinge, cycle that never ends. The gap between wealthy and poor is growing here too - People complain about having to pay 18% interest in 90s - yet the cost of a house was a much lower proportion of household income, so the effect of the higher interest on the household budget was much lower than a rise from 2 to 7 % today. Chalmers and the RBA are a bunch of gooses. The prior RBA Rob Lowe was so far out of touch with the average Australian it was not funny.

@syd03 I cant argue with much of that. Just to say that Private health charges are overseen and regulated by the government each year. Granted the gaps are widening. But thats the nature of money in the world right now, with America leading the charge with global funds. As a user of both systems I can state the advantages of both. The cost of one, V the convenience of the other.
Shifting to the RBA. Again, its role is limited to maintaining inflation between 2% and 3%, and it has only interest rates to do it with. With fortunately a high degree of independence. The unsavoury fact is that the whole world has overspent and its time to pay the bill, one way or another.. The good news is that while thise surgery may hurt, the world will come out the other side without the cancer of America and slowly recover. But I wont pretend it isnt going to hurt. And those currently looking to enter the housing market will be hit really hard..😷

@Nanoose Yup, your way is soooo much better, right?

https://socialists.us/docs/congress/us2025/57thDraftSocialistManifesto.pdf

@sunsporter1649 Ah well, at least you are not denieing the level of incopetence here. You are just nihilistic about it.

@sunsporter1649 Got any proof there Sport?

Of course you don't.

@JSul3 With him

It’s all about ME!!!

@BohoBabe So you are starting by removing Democracy, by disenfranchising one group.. Dont get me wrong, I agree entirely with your scenario. But you just overwrote the Constitution and Bill of Rights..And the group you took the vote from have guns.. I foresee a problem..😷

@BohoBabe
American politicians admired facism before WWII and were big fans of Mussolini. People like facism.

@Diotrephes Sure, but look what happened. FDR implemented radical pro-worker change, and all of those politicians that wanted an alliance with Mussolini, they lost power. FDR ended up getting reelected so many times that they needed to create the rule that a president can only serve two terms.

Most voters are dumb animals. It's not that they like Fascism. It's that they'll vote for any radical change when things are bad. That's why every American under the age of 30 is either a Socialist or a Fascist. If we want America to remain a free country, we need Democrats who are going to do what FDR did. Look at how popular Mamdani is in New York now. Any goals of the Fascists in New York have been dashed because Mamdani is delivering on his left-wing agenda.

@val70 …down…

And out!

@val70 Yup, more of these are needed

@sunsporter1649 Do you need a telephone number? 🙂

@SunSetStrut You should hear what the Indian media is saying about him.
[media=https://youtu.be/6RYFkmTk5eI]

@sunsporter1649 what does that have to do with the subject of this post?

@sunsporter1649 NO!! Not that subject...😷

@MoveAlong It seems a few of the White House press corp still dont like the Emperors new clothes..😷

@AdmiralPrune https://socialists.us/docs/congress/us2025/57thDraftSocialistManifesto.pdf

@KunsanVeteran And there will be no one to report when the coup starts..😷

@whowasthatmaskedman …hasn’t it already started???

@KunsanVeteran Certainly the field work has been done. But the official launch, where no one can ignore it any more has yet happen.. We can guess that it might start with a rejection of the mid term results. Or maybe some other watershed event. But a 24 hour lead time to remove a few troublesome people will make all the difference.😷