RE: Why cuts everywhere, regardless of budget, is lunacy
January 17, 2013 at 7:59 am
(This post was last modified: January 17, 2013 at 8:01 am by jonb.)
@Aractus
5.2 is the difference, per American to individual Australian in the amount of debt owed by each individual of those countries on your figures. So yes there is a difference, but the American economy is built on industry and services, so there is no reason why that cannot continue, However the Australian economy is based on the selling of finite resources, so which has the long term future is questionable at best.
Next we should consider that the raw materials market is thriving, as such; why is Australia building up any debt at all?
Next we should consider the relative importance in world terms of the two economies, Australia is a small economy in world terms, and as such has very little power to protect itself. This is not an anti Australian statement, just a fact. You know this, and the evidence is in your history, would Britain have sold Australia down the river so many times, if Australia was of significant financial importance?
On the other hand even if America suffers a truly shocking financial collapse she will still be a very important market. So maybe in the short term you can live in your 'little englander' world where nobody is as good as you. and delude yourself that you can pay your debts, but those silly Americans can't, but when we study the situation in context your position falls apart.
But I suppose I should expect this from an Angliatun, who believe god made all men, and us better than all the others.
5.2 is the difference, per American to individual Australian in the amount of debt owed by each individual of those countries on your figures. So yes there is a difference, but the American economy is built on industry and services, so there is no reason why that cannot continue, However the Australian economy is based on the selling of finite resources, so which has the long term future is questionable at best.
Next we should consider that the raw materials market is thriving, as such; why is Australia building up any debt at all?
Next we should consider the relative importance in world terms of the two economies, Australia is a small economy in world terms, and as such has very little power to protect itself. This is not an anti Australian statement, just a fact. You know this, and the evidence is in your history, would Britain have sold Australia down the river so many times, if Australia was of significant financial importance?
On the other hand even if America suffers a truly shocking financial collapse she will still be a very important market. So maybe in the short term you can live in your 'little englander' world where nobody is as good as you. and delude yourself that you can pay your debts, but those silly Americans can't, but when we study the situation in context your position falls apart.
But I suppose I should expect this from an Angliatun, who believe god made all men, and us better than all the others.
