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Swann admits the bleeding obvious! (0 viewing)
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TOPIC: Swann admits the bleeding obvious!
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BigAl (User)
Fresh Boarder
Posts: 17
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Swann admits the bleeding obvious! 2 Months ago
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"Treasurer Wayne Swan says a massive drop in expected revenue has caused the Government to slash its forecast Budget surplus from over $21 billion to around $5b."
Oh dear, oh dear. What did I write two weeks ago?....
Even an old sage like me can forecast a better understanding of the "financial crisis" than the Treasurer and his cohorts, which begs the question...what am I doing here?
Mr Swan said although Australia was still well placed to deal with the crisis, "there could be more to come".
Wait a few months until the unemployment figures start to drain the purse strings and trade declines and imports increase...there won't be any $5b surplus....more likely a $20b deficit. Remember....you read it here first!
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