DISQUS

duncanriley.com: Now I hate the Rudd Government even more

  • Stilgherrian · 9 months ago
    One could also ask, "What happens to renters who lose their jobs? Do they get their rent paid for a year? No? They get tossed out of their home." So it's not about the psychological damage of losing a "home", but the financial damage of losing a "possession".
  • Mike · 9 months ago
    Seems crazy to me. The same with the bonuses they are handing out.
  • Gordon · 9 months ago
    Wow you have missed the point and relied on some mis-information.

    1. Lots (not all agree) of families really were never in a position to pay down debt.

    2. You assume most people in some industries were going to predict a downturn of this order. Say that again. Did you? And if you did then with Steve Keen and a handful of others only.

    3. For lots of people we are talking about income protection insurance is either not available or not a good deal. I assume you are not talking about consumer credit insurance (loan insurance) which is a rip off and typically only covers a month or two's payments.

    4. The announced plan doesn't give you any money - just defers your liability to pay. It's not generally the case that you don't remain liable for all interest accruing as well. So it's not getting y ou out of jail and I would be keeping my income protection insurance if it does in fact cover me for unemployment (as opposed to inabilty to work through disability).

    Best.
    Gordon
  • Gordon · 9 months ago
    ... agree with Stilgherrian on renters deserving assistance too. In both cases it's not just the psych cost but a rather large range of costs to both the family (which Duncan doesn't care for) and the taxpayer (which I hope he does) when families (or non families) are forced to move.
    G
  • Quotes · 8 months ago
    Quite liked this post, thanks for posting it. bookmarking you right away! will surely be back again.
  • Live lead transfer · 6 months ago
    It is very hard to have your own house now a days.. So many people rent house to satisfied there needs.. But the problem is.. How long they can pay they rent?? hope the government will do something about this..