I think some of you by now will understand that I have a deep-seated dislike for debt. I am aware of the theories between good debt and bad debt but just don’t care. After all, most of the debt that has bought us to where we are, was considered by ‘the people in the know’ to be good debt. Niffs!

Currently, our government is trying to give money (some of which we have already paid to them in tax, the other money we don’t have) to the people in the hope that these people will spend it on products and service to artificially stimulate the economy. My concern is that I don’t believe this strategy will produce many long-term benefits to us. Individually 950 dollars can’t really do much, but collectively I would have thought this money could do a great deal and still result in the stimulation of the economy.

Do we really need to go into debt to achieve this stimulation? When you go into debt for reasons not of a plan ie. Spending with no plan; then I would consider it bad debt.

It looks as though Mr Rudd has also given the states a large pool of cash to distribute as they see fit which is good, but I am hoping there is more of a plan. The word ‘crisis’ is being thrown around like yesterdays undies, however I would like to think that the word crisis has the same meaning as Homer Simpson gave it ‘Crisatunity ie. Crisis = Opportunity.

Now is the time to spend some of that money that has been put into the war chest and spend it on the nations infrastructure. Build some decent public transport systems, hospitals and industry infrastructure to enable Australian companies to achieve further unfettered success in the next boom which will undoubtabley be just around the corner.

Happy to hear some of your preferred suggestions.