Saturday, November 29, 2008

A Different View From Australia

Dig this.
Nov. 29 (Bloomberg) -- Australian Prime Minister Kevin Rudd said the federal government and the states agreed to a A$15.1 billion ($9.9 billion) spending package that will create jobs as the country confronts the global financial crisis.
Seems normal enough. Every nation is doing this right now. What's the big deal?
Forecast budget surpluses will fund new spending to start this fiscal year and extend over the following four years.
Forecast budget whats?
The spending programs, which have an average timespan of four to five years, won’t push the government into deficit, and would allow it to maintain “a modest surplus,” Rudd said.

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