Ideas on how to resolve the debt problem?

28 September 2021 by Glenn Barnes

Governance

Federal Government debt is currently $630bn and is expected to climb to $1trn by 2026, creating budget problems and a debt that future generations will need to pay.

Recent history predicts that no political party will have the ability to initiate the structural tax changes needed for post-COVID budget repair due to fear of voter anger.

It is in our best interest as a community to contribute ideas on what should be done to raise more revenue, reduce costs and produce common interest solutions. Let's put together some ideas to help our governments make the hard decisions.

Your ideas?

What do you think?

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Comments

IdeaSpies @ 2021.09.28 7:06 AM

Find a way to increase the GST. The previous NSW premier advocated for this however it was not taken up by the Federal Government at the time

Stop spending money on endless innovation reports and focus on industry sectors

https://ideaspies.com/posts/the-time-for-action

IdeaSpies @ 2021.09.29 5:17 PM

Bracket creep-

Update on the debt problem

https://www.smh.com.au/business/the-economy/stop-thinking-our-kids-will-be-lumbered-with-massive-government-debts-they-won-t-be-20210928-p58v9t.html

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