lack of vision

By: geoffreykelley (Registered ) on 06-11-2007 11:51

Dear AlanK, I urge you to look at the IGR once more. The ageing population and the falling fertility rates are reality, not parameters chosen by a fiscal fiend to mount some kind of political argument. Labor will have to come to grips with this problem at some time soon if they want to demonstrate any credibility at all. You wanted a “20 Year Plan”. The Libs have a 40 year plan and you don’t like it. You use emotive terms to describe the surplus such as obscene, unsuitable, vulgar, unseemly and improper. Some of the reasons we have high surpluses are because unemployment is at a 40 year low and we have more tax payers and less welfare recipients, our economy is flying partly due to China and India, and Costello has paid off the obscene govt debt he inherited from Keating! We now have a surplus instead of paying interest on the debt and that money is going into the Futures Fund. Yes, the Futures Fund that Rudd and his henchmen are going to raid to pay for their broadband policy. 
It is a fact that currently about 4 out of 5 Australians are working and paying taxes. In 30 or 40 years time only about 2.5 Australians out of 5 will be supporting the other 2.5 Australians who will be retired. 
Read the IGR and find that Costello IS preparing the nation to spend more money on HEALTH! 
What plans does the ALP have to address this problem. 
Costello has the IGR!  
What doe Rudd have? 
As for investing, you ought to make a distinction between investing and speculating. 
You also said, “Have those owning these funds, the workers who contribute, ever been asked what they want done with some of their money?” The Liberals have legislated that all workers are to CHOOSE the fund in which they invest their superannuation. It is ILLEGAL for an employer to direct an employee. All employers had to offer up written evidence that all employees had been informed of the legislation. This was a Liberal initiative and NOT an ALP initiative. Please be fair and give credit where credit is due. 
What precautions did the ALP ever take to support your statement above?

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