Wednesday, October 15, 2008
Aussie Prime Minister takes further action to reduce Australia's chances of a recession..
Rudd moves to protect economy
While PM Rudd is doing the right thing- the argument is whether is it fast enough or not- at least he's doing something now, even though Australia still isn't in any recession as yet.
And get this: low and middle income families will get $1000 per child, for child care. 4 million pensioners, seniors and carers- including those on disability support and war veterans- will get $1400 each. Carer allowance receipts will get $1000 for every eligible person in their care.
There's also aid for first time home buyers. This is amazing.
I wish the same could be said for my own country. I mean, in Singapore, its a case of "we are rich government people so we can spend as much as we like. And the rest of you guys, sorry its time to tighten your belts and cut spending! And at the same time we are increasing public transport and uilities costs for all of you. And btw this recession is your fault, not ours..I mean why did you tell us to build this casino?"
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