Rudd reveals $115b loss
I read last week that Keating’s giving economic advice to Rudd, no surprise when you read this stuff.
Sorry in advance about the language, but we’re now officially fucked.
– $115 billion.
Projected surplus in November was $5.7 billion.
See the magic difference, and that’s before yet another stimulus package.
In the space of a year or two, Rudd will run up the Government Mastercard to higher than Keating levels.
Not bad for a first term. Wonder though who’s going to pay for it, and what interest rate they’ll demand.