Comments on: Stimulate public housing construction instead of property developers http://blogs.crikey.com.au/thestump/2009/02/01/stimulate-public-housing-construction-instead-of-property-developers/ The world of politics, policy and public life Fri, 20 Nov 2009 14:09:14 +1100 http://wordpress.org/?v=2.8.6 hourly 1 By: Public housing boost a major plus - Andrew Bartlett http://blogs.crikey.com.au/thestump/2009/02/01/stimulate-public-housing-construction-instead-of-property-developers/#comment-429 Public housing boost a major plus - Andrew Bartlett Wed, 04 Feb 2009 06:03:40 +0000 http://blogs.crikey.com.au/bartlett/?p=299#comment-429 [...] I have complained long and loud for many years about the lack of attention paid to housing issues by the previous [...]

...] I have complained long and loud for many years about the lack of attention paid to housing issues by the previous [...

]]> By: Edward James http://blogs.crikey.com.au/thestump/2009/02/01/stimulate-public-housing-construction-instead-of-property-developers/#comment-428 Edward James Mon, 02 Feb 2009 08:03:09 +0000 http://blogs.crikey.com.au/bartlett/?p=299#comment-428 Hi Andrew Your right political parties are vocalising how it will play out for themselves, they display the very thing which is wrong with what’s left of our democracy. Politicians are all about self interest and the Party! Excessive reliance on credit is the underlying evil which brought the worlds economy down, it is not on its knees yet. I am not happy that my government is running up still more debt for people like me to pay later, by making promises to pay. The world banks including Australia’s four pillars have exposures to trillions of dollars in bad paper and our and other world governments are trying to address fiscal black holes by issuing billions in promises to pay and guarantees on banks. The world credit based economy is dead, the sooner its buried the better ! When I pay my insurers several thousand dollars to indemnify my business activities and properties. They no doubt invest my premiums somewhere, perhaps the 8.25 on sub prime derivatives attracted then or someone they swapped with. I am waiting to hear from my insurers telling me they are out of business because their investments are gone and they cant indemnify me any longer. And with the expected down turns in tax revenue, hearing government promising to lower taxes is not funny to think about. It is a sad comment on the capacity of governments to actually govern. Hi Andrew Your right political parties are vocalising how it will play out for themselves, they display the very thing which is wrong with what’s left of our democracy. Politicians are all about self interest and the Party! Excessive reliance on credit is the underlying evil which brought the worlds economy down, it is not on its knees yet. I am not happy that my government is running up still more debt for people like me to pay later, by making promises to pay. The world banks including Australia’s four pillars have exposures to trillions of dollars in bad paper and our and other world governments are trying to address fiscal black holes by issuing billions in promises to pay and guarantees on banks. The world credit based economy is dead, the sooner its buried the better ! When I pay my insurers several thousand dollars to indemnify my business activities and properties. They no doubt invest my premiums somewhere, perhaps the 8.25 on sub prime derivatives attracted then or someone they swapped with. I am waiting to hear from my insurers telling me they are out of business because their investments are gone and they cant indemnify me any longer. And with the expected down turns in tax revenue, hearing government promising to lower taxes is not funny to think about. It is a sad comment on the capacity of governments to actually govern.

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