Rudd Government $42 billion stimulus package

The Rudd Government stimulus package $42 billion, the plan aims to retain 90,000 jobs up to 2011 and to slow down the Australia against the global economic crisis.
The package covering:
• $14.7b for school infrastructure and maintenance and bringing forward funding for trade training centres ($200,000 per school)
• $12.7b for cash bonuses of up to $950 in immediate one-off payments for families with school-age children, farmers, single income families and people undergoing training
• $6.6b for community and public housing to boost the national stock of public and community housing by about 20,000 new homes
• $3.9b for insulation to 2.7 million homes and solar hot water rebates;
• $2.7b in tax breaks for small businesses to provide deductions for some equipment purchases before the end of June this year
• $890m for regional infrastructure and maintenance (such as: roads railway..) for regional and local government

The Rudd government could not guarantee this stimulus package will really work, in term of retaining JOBS, even the experts has advice that there is no format to measure this big hands-out the result.

But in reality, once the $42 billion has spent, this Debt will be passing to our Future Generation shoulders’.

So far, the Rudd Government has no practical agenda on “HOW TO PAY OFF THIS DEBT, while he is still in power?” The Government has denial there will be taxes increment to cover this Debt, his only hope that the DEBT will be automatically vanish when the economy picking-up again.

So let us hope his dream come true for the sake of our Future Generation might carry this heavy loaded burden.