Julia Gillard pledges $6.8 billion Australian tax payer dollars to the IMF.

Ever tried thinking for yourself Bugsy? You should try it one day.

 

That's nearly 3 1/2 billion quid! Where did you crims get that sort of dosh?

 

No more I expect than the Labor party pay you to spin the lies Juliar offers up daily and only a left winger could actually believe anything this woman says in her record of lies and untruths to date.

Never forgetting that every single portfolio she undertook as Deputy PM in Rudd's government was a disaster. Education revolution cost the taxpayers 16 billion and much of it wasted in rorting and bad decisions - lap top for every child ended up more for every teacher and now parents asked to pay for children and the list goes on.....

 

Incorrect.

Goodbye Workchoices, hello Fair Work Act 2009.

 

Thats a disaster too isnt it? Look what QANTAS had to do to stop the Unions trying to destroy them.

 

No. Quite the opposite.

1. Unions don't try to destroy the companies that employ their members.

2. The solution was contained in section 423 and 424 of the Fair Work Act.

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Stabilizing the markets will have a positive outcome for all of us, especially in those fricking times.
Despite that, if we want to sit at the same table as the big players, we have to come up with our share - no game, no gain...

 

Never have - cant get Sydney radio here or is he in Melbourne?
Anyway local radio talk back here on the Island is left wing ABC so only for the rusted on idiots who voted in the worst government in the history of the land. Even ALP members are not renewing their membership.

Funny thing is even the Unions are not now as happy as they should be with Julia's Fair Work Act but then she didn't know how to use 431 herself and worried it may be illegal inept in all she touches by record to date even Fair Work - who was in charge of this - Julia Gillard

 

I work closely with a variety of Unions everyday.

About five in total, including Australia's largest.

They are all happy with the Fair Work Act.

 

Actual facts show otherwise, just because you have loser mates doesnt alter the general trend.

 

"Neighbours" TV royalties from the UK.

 

These figures take into account total assets like superannuation etc. Australians also have one of the highest home ownership in the world.

 

Yes, they do. Superannuation is forced saving in my opinion and there is now almost a trillion dollars invested in super funds. It is also undeniable that Australians have one of the highest standards of living in the world, on all levels. Anyone claiming the economy is crap is completely out of touch with reality.

 

Agreed.

Australia has always been the lucky country for one main reason,, we have always had something the rest of the world has wanted. If it wasn't wool, it was wheat. Now it's minerals. This has filtered down through Australian society.

 

Agreed that the economy is fine - luckily it goes along quite well even when we have Labor in power and even though this last lot are the very worst ever in history of ALP and its dying breath hopefully so we get a new and better party who do actually represent the working man and woman rather than trying to be the same as the Coalition and in bed with big business whilst forgetting its roots are in the hoi polloi not the elite of the country or the world.

That bit of wealth also hasnt taken into account the debts of the people and of course having a population of 22 million and maybe not as wealthy the few having the most of our wealth divided into - plus high home ownership - around 1/3 outright looks good to overseas folk who never understand us and anyway are in no position to judge seeing the mess they are all in.........

 

Yes indeed. So why is Juliar and her labor cronnies plunging us into debt? Australia doesn't need debt. John Howard and Peter Costello proved that. They were in office for eleven years and in that time paid off the $98 billion debt left to them by Labor and didn't borrow any more.

 

Where will the $6.8b come from?

our PM tells us it's a loan ... when I got the loan for my house the bank needed to protect there investment, so if by chance I cant meet my repayments they have the option to take my house away from me...

What guarantee do we have as Australian taxpayers in regard to this $6.8b loan?

 

Australia is still in better shape than most countries after the Global Finacial Crisis.

 

This is a testament to the prosperity of this country, to survive the abuse of the currant incompetants and still be afloat is a credit to this country. There is however, a limit to the amount of handicap that his country can carry, we need an adult Govt.

 

Please stop listening to shock jocks.


Australia is not - and has never proposed - contributing to the European Financial Stability Fund (the eurozone's bail-out mechanism).

Secondly, Australia's share of IMF funding is minuscule (about 1.3 per cent of the fund's total capital) and the bulk of the money we pledge under the IMF's "quota" system is a commitment that the dollars are there if needed, not a cash payment.

Furthermore, any cash contribution we do make (it's about $400 million at the moment) actually earns interest.
http://www.couriermail.com.au/news/...)(*)(*)(*)(*)(*)/story-e6frerdf-1226188167571

 

Good post

 

Thanks Bugalugs, you've explained yourself clearly...just wondering...With the amount we do invest, how is our loan guaranteed?

 

Such a silly retort, when you do not understand the article you posted. Understanding, that Wealth is not measured by how much you have, but by, how much you can buy with what you have. The article concentrates directly on the average of what people have. So, what if I have $200,000 If it costs $150,000 to buy a loaf of bread. I could not afford the butter to go on it.

To some, I sound wealthy, but in reality I would be poor. But you continue to believe what people tell you. I can not change your understandings at all.

 

There's a US Marine in your future darling. Kisses and hugs.

 

OMG - WHat will happen if the Marines start breeding with the crocs!?!?!?