Politics and National Debt

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jethro's picture

Wyatt Roy is our local Federal Representative. I have met him a number of times, attended meetings with him, and photographed him as well.

Here is the email he sent recently with regard to Australia's National Debt. Sobering stuff.

Last night in Parliament I spoke about the simple differences between a Coalition economy and a Labor economy.

Here's a quick snapshot:

  • Under the Coalition Government there was a 20% increase in real wages, a 100% increase in net wealth for each Australian and more than 2 million new jobs.
  • Under this Labor government our net debt has increased to $145 billion, with an interest bill of $22 million a day.
  • Under the Coalition government net debt as a percentage of GDP was 3.8% in the black, under this Labor government we are 9.6% in the red
  • Under the Coalition government net government interest on payments was a little over $1 billion in earnings.  Today under Labor, it is $6 ½ billion in payments
  • Under the Coalition government our unemployment rate was 4.5%, today under this Labor government it is 5.1%

comparethefacts.jpg

The Coalition has a clear vision for Australia’s future – a way to get Australia back on track.  Should the Coalition be re-elected we will once again see a government that will scrap unnecessary taxes, cut wasteful spending and reduce the tax burden on business.  We will see higher productivity, job growth, sustainable development and a modern enterprise economy that eradicates barriers to opportunity and engagement.

We have done it before and we can, and must, do it again.  Read more about the Coalition’s plan to get Australia get back on track here, or watch my speech below.

Here is a link to his speech on you tube.