Where has all the money gone?

Australians have been short-changed for years by Commonwealth Governments, Rather than making prudent decisions with taxation revenue they chose to spend on things which added nothing to the future of this country. For decades, the Governments have been pocketing around $170 billion to $200 billion a year in income taxes levied on individuals – but now politicians say there is no money to pay age pensions to people who have contributed to the system all their working lives.There's also no money for education or hospitals. It's not only income taxes which have been mis-spent. Many billions of dollars were poured into government coffers during the years of of the mining boom (which everyone knew was going to end). So where has all the money gone? The answer in part is it's gone to support the US aircraft and munitions industries.

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