Sophia wrote on Nov 27
th, 2022 at 9:14am:
Totally agree with you Lisa.
Seems we just don’t learn from our past.
Interesting what Jeff Kennett said that what will happen now… the debt will escalate to the point Victorians will be haemorrhaged with debt where younger gens will not be able to afford housing with interest rates on the rise as well.
Here we go, the conservative
"how are we going to pay for it" brigade.
I heard a Lib rep banging on about the same thing last night, after conceding defeat.
Fact is Andrews is probably aware of MMT, and knows the Vic. govt. debt doesn't matter, IF the reserve bank of Oz pulls its finger out and pays the debt with
debt-free money created in the Oz central bank, which is a
currency-issuing institution. The fact the reserve bank is not currently permitted to do this is another matter, but hopefully Andrews will press on with the SEC 'nationalization', and rail loop, and properly funded hospitals, and all the other things Victorians voted for,
regardless of debt.
The fly in the ointment is Philip Lowe, friend of private financiers who demand governments borrow from them alone, creating public debt which "must be repaid with interest", the ultimate private sector scam repeated endlessly by Chalmers.
http://bilbo.economicoutlook.net/blog/?p=50914[size=14[/size]
Champagne socialists in the banking sector reaping millions from public money Quote:And rent is even harder to get let alone a home! I feel for the younger gen. I’m glad I’m a boomer… our age was a lucky escape from the impending catastrophe ahead!
Indeed, the boomers had governments who supported public housing in the days of the post war Keynesian "welfare state".
Neoliberal monetary orthodoxy has destroyed the welfare-state and replaced it with 'austerity'.
Quote:Even though I wish to vote the majors out…My area I live in Liberals have retained which is better than being labor.
Better for greedy boomers like you, with no understanding of how the central bank is screwing everyone.
Quote:Pity many Victorians left Victoria under Dictator Dan as those votes against labor could’ve made more differences.
And the area we wish to retire in is still too close to call yet… but happy it will be either libs or independents.
I notice the WHOLE of Melbourne … the heart and business of Vic… is Greens!
Hellova lot better than labor! It wasn’t a landslide for labor… and as mentioned on the discussion panel… all Dan-drift did was cause division.
And yeah… his bs promises… 4 years ago he said (was it Geelong area?) they would get a new hospital.
But still a pile of dirt.
Good luck to those that opted Labor in ….getting medical care or even an ambulance …. Yeah…good luck with that! More code reds and ambulance ramping…
I know the Greens are aware of MMT, just not broadcasting it yet, until the electorate understand how the central bank is screwing all of us.
(btw, don't tell Lisa you think the Greens are better than Labor...I think she will have a fit...)
The Greens will wait for their support to grow further, on the back of policies everyone wants...and let the conservative mainstream press continue to bleat about
"how will you pay for it" , until they are in a position to authorize the CB to fund the government with debt free money (consistent with the size of the private sector, and the nation's productive capacity and available resources, to avoid inflation).