Debt big issue for Hetherington
BARALABA cattle farmer Maurice Hetherington is running as a Queensland Senate candidate for controversial party the Citizens Electoral Council (CEC).
Mr Hetherington, a former Banana Shire councillor, backs the CEC's economic policies, which call for a reorganisation of the global financial system as prescribed by American economist Lyndon LaRouche, who believes in a just new world economic order.
“The big issue in this election is our domestic and foreign debt,” Mr Hetherington said.
“Our exposure to the global scene of hedge funds and speculative debt, one third of which is about to be called in.
“So far, Australia has had a relatively free ride compared to our European partners.
“Our mineral assets are a big issue to the London oligarchy.”
Mr Hetherington warned the impact of the global financial crisis has hit hard here.
“The new buzz word for Australia will be ‘austerity measure' (cutting services and people's needs), same as what is happening in countries around the world,” he said.
The Senate hopeful listed the United Kingdom as an example where, he said, they had cut 25 per cent on essential services and jacked up the GST by 20 per cent.
“So last week's one liners such as climate change, global warming, free trade and sustainability will have to be put on the back-burner,” Mr Hetherington said.
The CEC's platform also includes backing an Australian republic; establishing a national bank and state banks to provide loans at two per cent or less to agriculture, industry and for infrastructure development; throwing out the GST; and halting the privatisation of commonwealth and state assets.