Tuesday
Oct232012
Meanwhile In Australia: 'Budget Surplus, No Problem Mate!'
Hoocoodanode? Not everyone borrows 35 cents of every dollar.
Proof that budget discipline does indeed exist somewhere in the universe, at least not on a continent regularly inhabited by Paul Krugman.
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Bloomberg (Oct. 22) - Australia’s government will tighten health-care spending and scale back family support payments to help deliver an election-year budget surplus, giving the central bank scope to further reduce interest rates.
Reader Comments (5)
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Australia is a small, land-locked, German-speaking country in Europe,
Main exports are waltzes, schnitzels, fuhrers, and Arnold Schwarzenegger.
Reality Check: Is the US Housing Market Really Recovering?
http://us1.irabankratings.com/pub/IRAMain.asp
Whalen
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