Posted to The Age (24/3/2013) on 24/4/2013 at 9:25 AM
Commenting on "Farewell to good times, something's gotta give"
http://www.theage.com.au/opinion/politics/farewell-to-good-times-somethings-gotta-give-20130422-2iad7.html
Debt is NOT good if it has to be repaid by another form of debt. If debt is spent on expenses for non-income production or items with no capital or financial growth, the borrower is doomed for painful death.
Labor has time and again failed us and squandered all the money saved up for rainy days. Many ordinary Australians have learnt lessons from the GFC that they must not spend beyond their means, and banks are piling up with savings from depositors.
If we continue to bury our heads in the sand like an ostrich (or Australian emu) believing that this is a lucky country, a term coined by Dorna Horne, we are total idiots. In fact, Donald Horne wrote "Australia is a lucky country, run by second-rate people who share its luck".
A lot of prime rural land, and prestige development sites (with or without buildings) have been sold as freehold to foreigners. What this means is that Australia is occupied by foreigners without invasion or bloodshed. Instead of holding a trump card of owning productive farmland supplying food globally, we shall be dictated by foreigners.
What do we do with all the refugees locked up somewhere in far-away land? Shouldn't they be trained or utilized to develop the place they are living in, or even turn it into a tourist destination?
Our education system is up the Khyber. Buildings, furniture, sports facilities are not factors that produce top students, or equip the students with knowledge to become better citizens and leaders. The system fails because the way education being delivered is wrong, and needs to be revamped. The experts overestimate the capability of many, and hold back many good ones too.
Commenting on "Farewell to good times, something's gotta give"
http://www.theage.com.au/opinion/politics/farewell-to-good-times-somethings-gotta-give-20130422-2iad7.html
Debt is NOT good if it has to be repaid by another form of debt. If debt is spent on expenses for non-income production or items with no capital or financial growth, the borrower is doomed for painful death.
Labor has time and again failed us and squandered all the money saved up for rainy days. Many ordinary Australians have learnt lessons from the GFC that they must not spend beyond their means, and banks are piling up with savings from depositors.
If we continue to bury our heads in the sand like an ostrich (or Australian emu) believing that this is a lucky country, a term coined by Dorna Horne, we are total idiots. In fact, Donald Horne wrote "Australia is a lucky country, run by second-rate people who share its luck".
A lot of prime rural land, and prestige development sites (with or without buildings) have been sold as freehold to foreigners. What this means is that Australia is occupied by foreigners without invasion or bloodshed. Instead of holding a trump card of owning productive farmland supplying food globally, we shall be dictated by foreigners.
What do we do with all the refugees locked up somewhere in far-away land? Shouldn't they be trained or utilized to develop the place they are living in, or even turn it into a tourist destination?
Our education system is up the Khyber. Buildings, furniture, sports facilities are not factors that produce top students, or equip the students with knowledge to become better citizens and leaders. The system fails because the way education being delivered is wrong, and needs to be revamped. The experts overestimate the capability of many, and hold back many good ones too.
