We’ll all be rooned, said Kevin Rudd

February 2, 2009 — 5 Comments


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.

$115 billion.