Quote:
Originally Posted by jfman
Individuals no, but collectively yes. Maybe not consciously, but politicians took one off windfalls from privatisation and squandered it leaving us where we are today. 2 trillion in debt.
I'm interested in how 2 trillion is sustainable but 2.2 trillion and holding state assets - like broadband networks - isn't.
The starting point is for politicians to be honest that the low tax economy is essentially a deception funded from one off windfalls.
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Voters have to take some of the blame here not just politicians. We want tax cuts and increased spending on public services. We're conning ourselves and vote for those that promise the impossible.