Tuesday, February 3, 2009

Rudd's Stimulus Package

Rudd has done it again.... another stimulus package to boost the economy - $42B.

I love a picture www.news.com.au with the title: "So long to surpluses as Rudd borrows billions: Here we owe again".

As Malcolm Turnball said yesterday, once Labor goes into deficit they stay in deficit, then when the Liberals get into power and make tough decisions to get the Country back into surplus - they are the world's worst.

My apologies - I don't want to make this blog too political - but the above will show where my political allegiances lie.

Interest rates have also dropped. Doesn't help me in terms of my homeloan as my mortgage is fixed, but I will be interested to see if any of my credit card interest rates drop.