Proponents of deficit reduction argue that governments who do not control budget deficits and debt are at risk of losing their ability to borrow money at affordable rates. Opponents of deficit reduction argue that government spending would increase demand for goods and services and help avert a dangerous fall into deflation, a downward spiral in wages and prices that can cripple an economy for years.
No, tax the wealthy and multinational businesses. Focus on tax evasion and misuse of government money in parliament and Centrelink. Schools, health systems and environment/preserving nature and out land should be the focus
I think Australians should be able to to have more of say when it comes to spending our money...Maybe a certain budget bracket eg 500 million needs to be voted on. Because already there is alot of rubbish our money is going on eg: advertising
Yes but there should be a broader strategy for reducing national debt, not by solely focusing on reducing national spending in the areas of foreign aid and education for example, but by identifying areas across the board where money could be saved, e.g. military, reducing the general revenue assistance given to the states, reducing dramatically the funding of private education and providing states and territories with more power over education, altering retirement benefits of government officials (e.g. revoking the Life Gold Pass Entitlements of retired parliamentarians). Working on
Perhaps we needed to strike a much greater balance between the economy and public health. I do not know the numbers of direct Covid deaths but I feel that if we looked at that and the amount of debt we have now incurred we might think it was an overreaction. Certainly reducing our military spending if we have to start somewhere.
From what I have seen & heard, the rich normally having a business/s can reduce their taxable income
with deductions which are truly personal use. Example, taken family members to dinner & claim as an expense. Use a 4wd company car for the purpose of holidays. All expense deductible
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