Comments on: ABC Learning Centres Run Out of Lifelines

By: Why the Fairy Ruddfather Should Stop Spending

Why the Fairy Ruddfather Should Stop Spending — Wed, 25 Feb 2009 03:32:00 +0000

[...] November the Daily Reckoning retold a brief conversation between your editor and Dan Denning about the UK economy. It went something like [...]

By: govt employee

govt employee — Mon, 10 Nov 2008 00:08:13 +0000

Quote. "The trouble is, the State struggles (sucks) at delivering even basic services these days." Yes it does. Because the general population still thinks that its wasting tax payer dollars and that they're all slack leaning on shovels etc. The result is the govt keeps reducing its spending in an effort to buy votes. Its about time the public realised a few things. The govt provide the best cheapest services in the world. Its staff are under paid and over worked. Give us break, start supporting us, the govt may inject some money where its needed and you'll get better services.

By: charles

charles — Fri, 07 Nov 2008 20:58:32 +0000

Funny isn't it, the state underwrites the mortgage business and you carry on like this, not that I don't agree that the government would have trouble, but it's funny isn't it. The most successful bank in Australia is an ex government one (funny they are no in the list above). Doesn't it pull you up a little and cause you to wonder if something has been missed. Perhaps the big advantage of capitalism is the ability to default on debt without effecting the sovereign debt. The child care centers have been built, they are not going away just because a few banker and investors lose out. And look at the USA, built the railways on defaulted debt, built the consumer society on defaulted debt, the internet and now a lot of new housing. In the past poor old Australia built and paid for it's railroads because the government was silly enough to build them instead off letting some private company go broke, but we have learnt the lesson. Child care and the North South railway has been built on defaulted debt, ya the government oiled the wheels with a few million, but it's still going to come cheap. No doubt we are going to get a few roads cheap in the next couple of years. Has the debt to build the tunnel from England to France been defaulted on yet? Bit far away haven't been following that saga. Yes if a country wants assets without paying for them capitalism is a wonderful thing. I think the bureaucracy has worked it out, "we are not in the business of owning child care centers" were Jillian's words. The suckers are the capitalists not the bureaucracy; sorry mate.

By: beyondtool

beyondtool — Fri, 07 Nov 2008 11:53:13 +0000

Yeah tell me about it, straight out of school and the only opportunity was study or fight for a low paid hospitality job. At least centerlink paid well back then. It's going to be a tough time for our spoilt youth..