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Old 20-09-2017, 10:31 PM   #277
leesa
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Default Re: Australia housing bubble

Quote:
Originally Posted by BENT_8 View Post
Australia wasn't allowed to have its GFC because too many fingers in the pie at Government level, instead they blew our surplus on $900 plasma TV's for everyone and now the country is stuffed.
As ive said before, stupid Aussies screwed their country for capital gains and tax evasion, quality citizens.
We didn't even have a surplus, we were already $57 billion in deficit and that "stimulus package" landed us an extra $10 billion deficit.

The $900 was given out to people to spend at hopefully-australian-owned-businesses to make it LOOK like our economy was plugging through when really it was about to collapse in the GFC too.

http://www.news.com.au/finance/econo...efe64c56fffc19
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