Breaking Story Just In From the Bam! News Room Give or Take a Few Days

I guess I should note the election was called a few days back for November 24th.

Who Wants a Future When You Can Have the Illusion of More Money Now?

Apparently we have a problem with an aging population which will cripple the economy with pensions, tax free superannuation and their health care needs. The worst offenders are those aging public servants and politicians for whom the future fund was set up to avert catastrophe. Oh the outrage when Rudd suggested dipping into the future fund to fund telecommunications infrastructure.

Howard has said that we are scared to be successful. That this boom can go on as long as we as a country want it to.

What is being done with our Asian monty haul? Howard has proposed giving it back in tax cuts, which is close to setting it on fire. If Howard is elected, being the highly paid individual that I am, I will receive about $5 a week over the next three years on average from this plan. If interest rates go up due to this, which in the current climate would appear likely, then I am sure I would likely lose this short found gain in increasingly expensive rents if nothing else. If you had a family and house repayments, I think this might equate to going backwards.

This money might actually belong to our geriatric future Mr Howard, so those after the baby boomers might be able to have theirs with out having to carelessly unplug a life support machine or two.

Spend It Wisely

Howard and Costello’s tax cuts remind me of a television ad that played when I was about 15 in which a deathly withered geezer gives his grandson $6 and sagely advising ‘Spend it wisely’. The ad advised the best use of your easily won but hard to replace funds (your income being your miserly grandfather) for your two week school holidays was to go bumper bowling. Queue flashing lights and extreme zooming. $6 over two weeks, one day of bumper bowling. Bumper bowling is not really very fun, and if you went on the first day, well, it sucked to be you. Incidentally, at the time, $6 would have bought from the supermarket, though not the kiosk or servo, enough Paddlepops to have allowed one a day almost for the duration.

Setting aside the obvious problems of tax cuts economically with a booming economy and all, it would appear Howard has already sent out the reserves mistaking them for artillery? A $34b promise you would have thought would have been played at the opportune time; I doubt that time was the first day of the election. It is a long six week election, and longer if you have no finances. Howard has already spent most his money.