Mudcat Café message #1771677 The Mudcat Café TM
Thread #91956   Message #1771677
Posted By: The Fooles Troupe
28-Jun-06 - 10:21 PM
Thread Name: BS: Unpopular views of the Bush Administration
Subject: RE: BS: Unpopular views of the Bush Administration
"I heared in Austraily they got Zero deficit. Izat true? '

Well, depends on just what is MEANT by that...

Howard has got (I forget the EXACT clever phrase) 'Net Govt Debt' - whatever the hell that means! - down to zero, by 'creative book-keeping', just as the unemployment figures are now below 5% - a historical low for oh, yonks, but in order to DO that, even while being paid (partial) unemployment benefit payments (now called 'Newstart' - so it must be all purely the fault of those without a job!) - you are now counted as 'not unemployed' if you are in 'paid employment' (any sort of low paid temporary casual job, like delivering pamphlets at less than $1 an hour) for an hour a fortnight...

Of course 'private debt' has never been higher per capita, and we have had a record run of Trade Deficits (we import far more tha we export, except for jobs, which is the other way around!) of ever increasing amounts...