Posted Sep 7, 2013 by Martin Armstrong
The Labor Party in Australian goes down with a real thump. Politicians have to wake up. This entire Marxist-Socialism agenda is collapsing the same as Marxist-Communism did in China and Russia. The main election issues in Australia were:
- the economy,
- reducing the number of asylum seekers arriving by boat (immigration),
- taxes on carbon emissions
The trouble in Australian politics was seen in June when the PM Mr Rudd called for the election after defeating Julia Gillard in a leadership challenge. But the polling figures were showing Labor on a course for a total wipe-out. These leftist political parties worldwide will be getting a dramatic awakening. These tax and spend policies while lining the pockets of government workers is coming to an end. The US city of Detroit illustrates the crisis – about 50% of taxes goes to retired state workers. These taxes must go up or the government must shrink to cope with paying for retired employees. A child can figure out this system cannot continue.