From the Herald Sun.
http://www.heraldsun.com.au/news/ko...er-stimulus-plan/story-e6frf7jo-1225839328952
http://www.heraldsun.com.au/news/ko...er-stimulus-plan/story-e6frf7jo-1225839328952
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This is not about the stimulus package. This is about the screw ups in the RET scheme.
The new changes to separate large scale and small scale items are because dodgy commercial heat pump installers flooded the market with a heap of certificates for saving power that never would have been used in the first place.
Stimulating the economy is one thing, but surely there are better ways than simply handing out cash. Pay people to plant trees, or something...
We can twist numbers with percentages, comparisons with other countries etc any way we want to make things look better. But at the end of the day, $8500 PP government debt = $34000 debt per family of four, in only two years of spending on crap.
Interest to service that debt would be what, about $2000 PA for that family.
That's $2000 per family of four, that either has to be made up by raising extra taxes, by cutting govt services or by allowing the debt to snowball (hi grandkids).
I'm not opposed to govt borrowing if it is for worthwhile purposes, infrastructure, essential needs etc, but the cash handouts and tax stimulus initiatives really just encouraged people to splurge on mainly IMPORTED goods or were just a waste of money.
Some people just don't get the importance of running our finances properly.