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Friday, December 20, 2024
Record government spending is preventing rate cuts (Leithvo)
An interview with Sky News explains how record government spending and government job creation have pumped demand and prevented the RBA from cutting rates. Meanwhile, the private sector economy and job creation are firmly in recession.
Record Gov spending and immigration is driving the economy. The real economy is in decline, and the Government only operates thanks to taxation put on the real economy.
[Posted at the SpookyWeather2 blog, December 20, 2024.]
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