• Starting today August 7th, 2024, in order to post in the Married Couples, Courting Couples, or Singles forums, you will not be allowed to post if you have your Marital status designated as private. Announcements will be made in the respective forums as well but please note that if yours is currently listed as Private, you will need to submit a ticket in the Support Area to have yours changed.

Xmas and commercialisation.

AlexDTX

Well-Known Member
Site Supporter
Jun 13, 2015
4,191
2,817
✟351,434.00
Country
United States
Gender
Male
Faith
Christian
Marital Status
Married
Politics
US-Others
I think we should let the Happy Holidays people have the 25th of December - and we should celebrate the birth of Jesus in conjunction with the Feast of Tabernacles. :) Two separate holidays. And if we don't get our holiday off from work, we should just celebrate at whatever time of day we can, even if it is a midnight worhip service and love feast afterward. The more I think about it, the more I like it.
Amen, sister! Sukkot is a more likely time of his tabernacling on Earth, than the winter solstice celebration of Saturnalia,
 
  • Like
Reactions: talitha
Upvote 0

ViaCrucis

Confessional Lutheran
Oct 2, 2011
39,566
29,100
Pacific Northwest
✟814,149.00
Country
United States
Gender
Male
Faith
Lutheran
Marital Status
In Relationship
Politics
US-Others
I've made it an effort over the last several years to avoid "Christmas Culture", you know that period from November 1st until December 25th where stores stock their shelves with Christmas themed paraphernalia and by the first of December you're hearing a barrage of Christmas and generic holiday music.

It has helped being part of a traditional liturgical tradition where the Season of Advent offers an opportunity for penitent and thoughtful reflection as we contemplate both the sufferings in this world as well as the hope of Christ--as Advent signifies both the anticipation before the First Advent (hence traditional Advent hymns such as Come, O Come Emmanuel, On Jordan's Banks the Baptist's Cry, and Come Thou Long Expected Jesus) as well as our present time of hopeful expectation as we look forward to Christ's Second Advent, His Parousia at the consummation of history.

In addition to this it means that Christmastide doesn't begin until Christmas Eve and the following twelve days of Christmas. According to "Christmas Culture" Christmas ends on December 25th, but liturgically December 25th is when Christmas officially begins and lasts until January 5th, followed by Holy Epiphany on January 6th.

So my Christmas plans this morning are pretty simple: I'll be going to church this morning, followed by watching the new Star Wars movie this afternoon, and gathering with family later on at the local Mongolian grill for a not-so-traditional Christmas dinner.

-CryptoLutheran
 
Upvote 0

ViaCrucis

Confessional Lutheran
Oct 2, 2011
39,566
29,100
Pacific Northwest
✟814,149.00
Country
United States
Gender
Male
Faith
Lutheran
Marital Status
In Relationship
Politics
US-Others
Amen, sister! Sukkot is a more likely time of his tabernacling on Earth, than the winter solstice celebration of Saturnalia,

Saturnalia lasted from Dec. 17th to the 23rd. In antiquity the solstice was December 25th. Saturnalia literally had nothing to do with the solstice. What did happen on the solstice, starting in the 3rd century, was the celebration of the Dies Natalis Solus Invicti, or the Birth Day of the Unconquered Sun. The cult of Sol Invictus was a syncretic solar cult that attempted to bring all the various solar cults that had become popular--especially after the introduction of Elagabal worship by the emperor Marus Aurelius Antonius (aka Elagabalus) to Rome--in both the preceding century and that one.

The actual calendar date for Christ's birth has never been what Christmas is about. Christmas is not Jesus "birthday". Christmas is the liturgical celebration of Christ's birth, there's a major difference. For the same reason that we don't celebrate Epiphany (Theophany) on January 6th because we believe January 6th was the calendar date of Christ's baptism by John in the River Jordan, it's the liturgical celebration of Christ's baptism and helps bring in the Church Year. Lent is not about the calendar anniversary of Christ's fast in the wilderness, but it is what Lent remembers.

The Church Year is Christocentric, and it is centered chiefly on one very important holy day; Pascha, or "Easter". Everything else on the Christian calendar effectively rotates around the Paschal Feast, and gives us a liturgical and worshipful sense of time as we journey every year through the Church Year leading up to Pascha and then afterward away. On the Western Calendar the Year begins and ends with Advent: Advent both remembers the hopeful expectation and anticipation for the coming of the Messiah as well as our present hopeful expectation and anticipation for His Parousia. So it leads us through the hopeful anticipation of the ancient Prophets of the Messiah's coming, to His birth, His baptism, His wandering, His sufferings, death, and finally resurrection. It then takes us through His Ascension and Pentecost and brings us to our here and now as we find ourselves in the story of Christ and His Church following Pentecost and--again--back to Advent as we look forward to the day when He comes "to judge the living and the dead, and His kingdom shall have no end." When God will make all things new, and all is set right in and for the world.

-CryptoLutheran
 
  • Like
Reactions: topcare
Upvote 0

AlexDTX

Well-Known Member
Site Supporter
Jun 13, 2015
4,191
2,817
✟351,434.00
Country
United States
Gender
Male
Faith
Christian
Marital Status
Married
Politics
US-Others
Saturnalia lasted from Dec. 17th to the 23rd. In antiquity the solstice was December 25th. Saturnalia literally had nothing to do with the solstice. What did happen on the solstice, starting in the 3rd century, was the celebration of the Dies Natalis Solus Invicti, or the Birth Day of the Unconquered Sun. The cult of Sol Invictus was a syncretic solar cult that attempted to bring all the various solar cults that had become popular--especially after the introduction of Elagabal worship by the emperor Marus Aurelius Antonius (aka Elagabalus) to Rome--in both the preceding century and that one.

The actual calendar date for Christ's birth has never been what Christmas is about. Christmas is not Jesus "birthday". Christmas is the liturgical celebration of Christ's birth, there's a major difference. For the same reason that we don't celebrate Epiphany (Theophany) on January 6th because we believe January 6th was the calendar date of Christ's baptism by John in the River Jordan, it's the liturgical celebration of Christ's baptism and helps bring in the Church Year. Lent is not about the calendar anniversary of Christ's fast in the wilderness, but it is what Lent remembers.

The Church Year is Christocentric, and it is centered chiefly on one very important holy day; Pascha, or "Easter". Everything else on the Christian calendar effectively rotates around the Paschal Feast, and gives us a liturgical and worshipful sense of time as we journey every year through the Church Year leading up to Pascha and then afterward away. On the Western Calendar the Year begins and ends with Advent: Advent both remembers the hopeful expectation and anticipation for the coming of the Messiah as well as our present hopeful expectation and anticipation for His Parousia. So it leads us through the hopeful anticipation of the ancient Prophets of the Messiah's coming, to His birth, His baptism, His wandering, His sufferings, death, and finally resurrection. It then takes us through His Ascension and Pentecost and brings us to our here and now as we find ourselves in the story of Christ and His Church following Pentecost and--again--back to Advent as we look forward to the day when He comes "to judge the living and the dead, and His kingdom shall have no end." When God will make all things new, and all is set right in and for the world.

-CryptoLutheran
Thank you for the information. However, Christmas is a Catholic tradition, not Protestant. Are you saying the Lutherans observe it as that Catholics do, with the exception of the Mass for Christ (Christ-Mass)?
 
Upvote 0

ViaCrucis

Confessional Lutheran
Oct 2, 2011
39,566
29,100
Pacific Northwest
✟814,149.00
Country
United States
Gender
Male
Faith
Lutheran
Marital Status
In Relationship
Politics
US-Others
Thank you for the information. However, Christmas is a Catholic tradition, not Protestant. Are you saying the Lutherans observe it as that Catholics do, with the exception of the Mass for Christ (Christ-Mass)?

No, Lutherans keep the Mass in Christmass.

"Falsely are our churches accused of abolishing the Mass; for the Mass is retained among us, and celebrated with the highest reverence." - Augusburg Confession, Article XXIV

Also, despite the protests from Rome to the contrary (pun probably intended) Lutherans are Catholic. We're just not Roman Catholic. As we continue to proclaim faith in and the faith of the one, holy, catholic, and apostolic Church.

-CryptoLutheran
 
Upvote 0

Albion

Facilitator
Dec 8, 2004
111,127
33,263
✟584,002.00
Country
United States
Gender
Male
Faith
Anglican
Marital Status
Married
Commercialization and Christmas have been linked together virtually from the beginning. I was watching a documentary and there really was not a time when there was not any commercialization of some form or another. I find it amusing that we hate commercialization but it's built into Christmas
We do so these days because we are commemorating the magi bringing gifts for the newborn king (although that didn't happen on Christmas Day). They apparently did not think that his birth was 'nothing special' as events go. ;)

As for "commercialism," the best way to be sure that no one gives anything to children at Christmas is to deprive everyone who works at jobs making and marketing the goods of their livelihoods. That way we can all have much less with which to help other people, as well as ourselves. And we'll have more time to go around talking about how Christian it is to give.
 
Last edited:
Upvote 0

AlexDTX

Well-Known Member
Site Supporter
Jun 13, 2015
4,191
2,817
✟351,434.00
Country
United States
Gender
Male
Faith
Christian
Marital Status
Married
Politics
US-Others
No, Lutherans keep the Mass in Christmass.

"Falsely are our churches accused of abolishing the Mass; for the Mass is retained among us, and celebrated with the highest reverence." - Augusburg Confession, Article XXIV

Also, despite the protests from Rome to the contrary (pun probably intended) Lutherans are Catholic. We're just not Roman Catholic. As we continue to proclaim faith in and the faith of the one, holy, catholic, and apostolic Church.

-CryptoLutheran
Thank you again. That is a good point. The Reformers were not trying to abolish the Catholic Church, but to reform it. You are the first Lutheran I have talked to who admitted to being a Catholic still.
 
Upvote 0

TheBear

NON-WOKED
Jan 2, 2002
20,653
1,812
✟312,481.00
Country
United States
Gender
Male
Faith
Atheist
Marital Status
Private
I decided this year not to buy anything during this month in protest of the commercialisation of Xmas. I'd like to encourage people to avoid excessive purchasing as the commercialisation of Xmas is devastatingly stressful to shop employees. I've also asked my family and friends not to purchase anything for me.

Now that's what I call a war on Christmas. ^_^
 
Upvote 0

AlexDTX

Well-Known Member
Site Supporter
Jun 13, 2015
4,191
2,817
✟351,434.00
Country
United States
Gender
Male
Faith
Christian
Marital Status
Married
Politics
US-Others
No, Lutherans keep the Mass in Christmass.

"Falsely are our churches accused of abolishing the Mass; for the Mass is retained among us, and celebrated with the highest reverence." - Augusburg Confession, Article XXIV

Also, despite the protests from Rome to the contrary (pun probably intended) Lutherans are Catholic. We're just not Roman Catholic. As we continue to proclaim faith in and the faith of the one, holy, catholic, and apostolic Church.

-CryptoLutheran
I am also curious about Lutherans celebrating the Christ Mass. Martin Luther disagreed about the Catholic doctrine of transubstantiation - i.e., the belief that the wine and bread become the actual blood and body of Christ -do Lutherans still observe the Mass with the qualification that it is only symbolic?

BTW, if one is defining catholic in its literal sense of universal, then all true followers of Christ are part of the catholic church. Many make the claim of apostolic, of which I put no stock in.
 
Upvote 0

ViaCrucis

Confessional Lutheran
Oct 2, 2011
39,566
29,100
Pacific Northwest
✟814,149.00
Country
United States
Gender
Male
Faith
Lutheran
Marital Status
In Relationship
Politics
US-Others
I am also curious about Lutherans celebrating the Christ Mass. Martin Luther disagreed about the Catholic doctrine of transubstantiation - i.e., the belief that the wine and bread become the actual blood and body of Christ -do Lutherans still observe the Mass with the qualification that it is only symbolic?

Lutherans don't accept the theory/doctrine of Transubstantiation, but we do believe that it is the true and literal body and blood of Christ. The idea that the Lord's Supper is "only symbolic" was an idea that began with Ulrich Zwingli, for which reason Luther regarded it impossible to accept "the Swiss" (e.g. the Swiss Reformers), in fact Luther is quoted as having said, "I would sooner drink blood with the pope than mere wine with the Swiss".

It's important to understand that the Lutheran rejection of Transubstantiation has more to do with a Lutheran problem with trying to explain the mystery of the Eucharist than the precise details of Transubstantiation itself. Transubstantiation was a scholastic idea that was used to explain how the bread and the wine became the body and blood of Christ; it explains this by applying Aristotelian philosophical language. Namely that the substance changes while the accidents--the outward forms--remain.

In distinction Lutheranism simply doesn't explain how the Mystery of the Eucharist happens, only that it does; and we confess this on account of Christ's Word, "This is My body...this is My blood".

BTW, if one is defining catholic in its literal sense of universal, then all true followers of Christ are part of the catholic church. Many make the claim of apostolic, of which I put no stock in.

That's true enough, but historical catholicity is more than just the Church invisible, it is also the Church visible. This is why Lutherans understood the importance of keeping the historic practices of the Church catholic rather than re-inventing the wheel; not because all those practices were necessary, but because they continued to identify us as being part of the historic continuum of Christian catholicity going right back to the apostles.

Sola Scriptura, as understood by the Evangelical (Lutheran) Reformers, was not the idea that everything the Church does must be found in the pages of Scripture, it was that Scripture alone served as the final arbiter of true Christian faith.
Or to use a kind of analogy:

The radical wing of the Reformation removed the drawer from the dresser and emptied the whole thing out and then put back only what it believed to be necessary.

Lutherans opened the drawer and only removed what it believed to be errant innovation, keeping everything else.

The Reformation wasn't about tearing the old house down to rebuild it, but taking a broom to the old house because the old house was--and is--worth it.

-CryptoLutheran
 
Upvote 0

SnowyMacie

Well-Known Member
Apr 12, 2011
17,008
6,087
North Texas
✟125,659.00
Country
United States
Gender
Female
Faith
Anglican
Marital Status
In Relationship
Commercialization and Christmas have been linked together virtually from the beginning. I was watching a documentary and there really was not a time when there was not any commercialization of some form or another. I find it amusing that we hate commercialization but it's built into Christmas

Gift giving has always been apart of Christmas since the beginning. I don't necessarily agree with the greed and materialism with Black Friday, but I don't see anything wrong with gift giving on Christmas Day, which for, you have to shop and prepare for before Christmas Day.
 
Upvote 0

ViaCrucis

Confessional Lutheran
Oct 2, 2011
39,566
29,100
Pacific Northwest
✟814,149.00
Country
United States
Gender
Male
Faith
Lutheran
Marital Status
In Relationship
Politics
US-Others
Gift giving has always been apart of Christmas since the beginning. I don't necessarily agree with the greed and materialism with Black Friday, but I don't see anything wrong with gift giving on Christmas Day, which for, you have to shop and prepare for before Christmas Day.

Not to be a stickler, but the gift-giving tradition we associate with Christmas is actually a somewhat modern phenomenon. Originally it was a custom associated with the feast day of St. Nicholas (Dec. 6th), for example in the Netherlands children left their shoes out for St. Nicholas to place gifts in them (the origin of the modern hanging of stockings). Gift-giving was associated with St. Nicholas because the historic St. Nicholas of Myra is remembered as a generous gift-giver, who came from a wealthy family and freely used that wealth to help the most needy in his community (he was bishop of Myra, modern-day Demre, Turkey).

Those gift-giving traditions associated with St. Nicholas' Day were, in the 19th century, re-appropriated to Christmas during the Christmas revival in 19th century Britain and the United States.

Another possible borrowing of gift-giving comes from Epiphany (Theophany in the East), while the primary celebration of both Epiphany and Theophany is Christ's baptism, in the West Epiphany has also incorporated the visit of the magi, who in Matthew's Gospel bring the young Jesus gifts of Frankincense, Gold, and Myrrh; as such Epiphany (January 6th) has also been called in some Western countries "Three Kings Day". Gift-giving associated with the gifts brought by the magi is something that likely also influenced Christmas gift-giving traditions.

I could be mistaken, but I'm not sure that gift-giving is really traditional for Christmas. I'm fairly sure that it's entirely modern, derived by consolidating gift-giving traditions associated with St. Nicholas' day and Epiphany onto Christmas proper.

For most of Christian history Christmas was actually a somewhat minor feast. Historically Epiphany was more important, with the Annunciation and Pentecost not far behind. A major reason for Christmas being one of the "big two" is largely because of the Christmas revival of the 19th century. In both England and the US Christmas was seen by most Protestants as a "Catholic thing", indeed in the 17th century Christmas was outlawed both by the Puritans in Massachusetts and Oliver Cromwell (also a Puritan) in England.

-CryptoLutheran
 
Upvote 0

ViaCrucis

Confessional Lutheran
Oct 2, 2011
39,566
29,100
Pacific Northwest
✟814,149.00
Country
United States
Gender
Male
Faith
Lutheran
Marital Status
In Relationship
Politics
US-Others
Xmas is an insult to the Christian faith.

Nope.

It's a traditional abbreviation for Christmas which Christians came up with. As has been already said, the "X" isn't an X it's the Greek letter chi. As in Χριστός.

Abbreviations have been very important historically, both to make it easier to have shorthand when hand-copying was the means of copying and transcribing something, and following the invention of the movable-type printing press as a cost-saving measure. In fact you may recognize this symbol: &, the ampersand which developed as a shorthand for the Latin word et (meaning "and"). You may have also noticed that to make things sound "old timey" placed called "Ye Olde Shoppe", the "Y" in "Ye" isn't a Y at all, it's actually a Th. The old letter thorn (Þ) was, in English, eventually replaced with the digraph Th, but the process of completely dropping Þ in favor of Th was slow. Stylistically Þ sometimes looked similar to a Y, and as a cost-saving measure printers simply re-used Y in some cases. So "Ye Olde Shoppe" is really "The Old Shop".

Abbreviating Cristenmesse/Christmasse/Christmas as "Xmas" simply became a normative printing measure, one that was still reverent. As the Greek letter chi was, throughout Christian history, used as a form of Nomen Sacrum (sacred name) or in the form of Christograms:

Icon-of-Christ.jpg


image019.jpg

Earliest-Nomina-Sacra.png


-CryptoLutheran
 
  • Like
Reactions: KitKatMatt
Upvote 0

DebraC

Newbie
Apr 2, 2011
2
0
US
✟22,712.00
Faith
Marital Status
Private
I decided this year not to buy anything during this month in protest of the commercialisation of Xmas. I'd like to encourage people to avoid excessive purchasing as the commercialisation of Xmas is devastatingly stressful to shop employees. I've also asked my family and friends not to purchase anything for me.
My family generally does only very small gifts of "necessary items" (clothing, etc.) or foods. We occasionally include books we would recommend ... and we also make donations in someone's name.

I see your feeling about Christmas ... I was similarly offended this year when one vendor that is well known in the US used "Thanksgetting" as its theme for Thanksgiving. Sadly our culture is growing more self- and ownership-centered.
 
Upvote 0

Aelred of Rievaulx

Well-Known Member
Nov 11, 2015
1,399
606
✟19,731.00
Faith
Catholic
Marital Status
Private
I've made it an effort over the last several years to avoid "Christmas Culture", you know that period from November 1st until December 25th where stores stock their shelves with Christmas themed paraphernalia and by the first of December you're hearing a barrage of Christmas and generic holiday music.

It has helped being part of a traditional liturgical tradition where the Season of Advent offers an opportunity for penitent and thoughtful reflection as we contemplate both the sufferings in this world as well as the hope of Christ--as Advent signifies both the anticipation before the First Advent (hence traditional Advent hymns such as Come, O Come Emmanuel, On Jordan's Banks the Baptist's Cry, and Come Thou Long Expected Jesus) as well as our present time of hopeful expectation as we look forward to Christ's Second Advent, His Parousia at the consummation of history.

In addition to this it means that Christmastide doesn't begin until Christmas Eve and the following twelve days of Christmas. According to "Christmas Culture" Christmas ends on December 25th, but liturgically December 25th is when Christmas officially begins and lasts until January 5th, followed by Holy Epiphany on January 6th.

So my Christmas plans this morning are pretty simple: I'll be going to church this morning, followed by watching the new Star Wars movie this afternoon, and gathering with family later on at the local Mongolian grill for a not-so-traditional Christmas dinner.

-CryptoLutheran
I had breakfast with my family followed by watching episodes of the Walking Dead for the rest of the day with a couple of porters. I went to Mass on Christmas Eve. I love the fact that for one entire day everything is closed and shops are empty.
 
Upvote 0

Locutus

Newbie
May 28, 2014
2,722
891
✟30,374.00
Faith
Seeker
Marital Status
Private
W pay a medicare levi of around 2% of taxable income. But many people are exempt as they are below the income threshold and others can minimize their income to only pay the minimum or none at all. That doesn't cover even 1/2 of whats needed so we are heading for a blowout. The government has to rob peter to pay Paul. In the mean time the populations getting older with the baby boomers retiring so we will have more older and not enough young tax payers to support the old age pensions who don't have self funded retirement funds. So we are headed for a big problem.

Those who spend up and cant afford it will affect everyone because their fallout becomes societies problems. It all adds to the credit blowout our country will face and puts up the average amount each person owes in credit. Australia has the highest personal debt in the world. With low interest rates at the moment people are borrowing big amounts of money because the repayments will be lower. But when the interest rates go back up which will happen there will be a lot of people in trouble similar to what happened in the US. The trouble is we dont learn and the boom bust cycle gets worse each time. There will be another big slow down and GFC and many will go broke including countries.

Australia's public health and education systems are awesome. There is absolutely no need for anyone to go private.

Can't agree on the blowout thing. I don't think that will happen there. Australia survived the GFC better than many.

As regards personal debt - blame the dumbing down of recent generations. The aspirational and acquisitive lunacy which has transformed the working class (and lower middle class) is a new phenomenon. In previous generations, this strata were more humble in their expectations for starters, and those who did want more expected to wait a long while to get it.

The instant gratification morons are a pox on the planet - in almost every respect. Aspirationals who don't have the intelligence or scruples to be measured in their grasping greed will ultimately kill us all - it's just a matter of when. The only hope is that there are enough people willing to stop the madness, to ameliorate the damage.
 
Upvote 0

Locutus

Newbie
May 28, 2014
2,722
891
✟30,374.00
Faith
Seeker
Marital Status
Private
My family generally does only very small gifts of "necessary items" (clothing, etc.) or foods. We occasionally include books we would recommend ... and we also make donations in someone's name.

I see your feeling about Christmas ... I was similarly offended this year when one vendor that is well known in the US used "Thanksgetting" as its theme for Thanksgiving. Sadly our culture is growing more self- and ownership-centered.

I don't think it's self-centredness at all. It's addiction, pure and simple. The big corporations foster retail slavery, and we say "yes".

We think we're having a win every time we get a fix - but all we do is diminish ourselves, both psychically and financially, while lining the pockets of a fat cat.

Consumerism is a greater evil than all wars combined. The devil is very clever.
 
Upvote 0

stevevw

inquisitive
Nov 4, 2013
15,991
1,736
Brisbane Qld Australia
✟321,123.00
Gender
Male
Faith
Christian
Marital Status
Private
Australia's public health and education systems are awesome. There is absolutely no need for anyone to go private.

Can't agree on the blowout thing. I don't think that will happen there. Australia survived the GFC better than many.

As regards personal debt - blame the dumbing down of recent generations. The aspirational and acquisitive lunacy which has transformed the working class (and lower middle class) is a new phenomenon. In previous generations, this strata were more humble in their expectations for starters, and those who did want more expected to wait a long while to get it.

The instant gratification morons are a pox on the planet - in almost every respect. Aspirationals who don't have the intelligence or scruples to be measured in their grasping greed will ultimately kill us all - it's just a matter of when. The only hope is that there are enough people willing to stop the madness, to ameliorate the damage.
Well the instant gratifications generation are a fair percentage of today's generation. All this 50 plus billion dollar spending at Christmas didn't come from saved cash. Its mostly from credit spending. That only means one thing that people didn't have the money in the first place and will have to pay it back. It,s also not just the instant gratification spending but there's a lot of spending on long term items like houses and cars. But it,s all fueled by credit and the fact that we have had a relatively good economy and the confidence was there plus the low interest rates.

But now there's a few signs that things are about to change for the worse. The mining boom has slowed to an almost stand still. Our main buyer China is slowing down as well. We were already going into big debt but now without all that future income from exports and the slowing of the economy that will bring in less returns in tax revenue we are headed for a big slow down and possibly a recession.

The true state of Australia health system is in shambles and the amount we get from the medicare levi wouldn't cover even a 1/3 of what we need. Private health companies are pushing up their prices to record highs and people are pulling out in droves and then relying on the public medicare system. The government promised a lot of money for public schools because they were understaffed and needed a lot of repairs but that money isn't there anymore. In other words things are falling apart and we aint got any money to fix it. In fact we are still paying for the problems from 10 years ago. Things will only get worse.

Yes we avoided the GFC relatively well but that was only because the liberals left a lot of money in the kitty and we were riding off the back of the mining boom. Now thats all gone and rather than money in the kitty we have a giant black hole of debt. Australia has had a remarkable run but we cant keep pretending that we are in good shape now. If you spend money you havnt got sooner or later the chickens have to come home to roost. We are setting up a bad situation for our children who will have to carry the burden of fixing all the problems we've created now and in the last few year.
Australia national accounts – heading for recession at this rate
http://bilbo.economicoutlook.net/blog/?p=31735
 
Last edited:
Upvote 0