The key to understanding the current global financial crisis is knowing that merchant bakers trade derivatives, which are commodoties based on the value of I'm making this up.
I'm yet to find any thorough yet understandable explanation of what's been going on lately. But I can certainly understand the Rudd government's solution - spend the surplus! The government has decided that the rainy day has arrived - the surplus, which had been earnmarked for major infrastructure projects, will be doled out to families, low income earners and pensioners, in the hope that the extra spending money will be spent, going straight back into the economy.
Theres two points that can be made from this. First, just a few months ago we were being told to stop spending money, as excessive spending was driving up inflation. Now we need to spend to keep the economy ticking. We're used to government spin, but it rarely involves their entire heads.
There's also the sinking feeling that once again, there's nothing in this resuce package for people like me, not falling into any of the categories who stand to benefit. Due to the dizzying array of bonuses and tax breaks available to breeders, half of all Australian families pay no net tax. Someone has to chip in to fund their procreation. This surplus was built off the work of industrious, childless people. We should be entitled to some of it back. I promise to plow it straight back into the economy through my favourite retailers. (Anyway, call me harsh, but I think the solution to pensioners' demands for more money is this).
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