Get our own house in order

Polls are volatile, but indicate that the far Left parties are gaining support. That has potentially dire consequences for the restructuring and repayment of Greek sovereign debt.

The election of Francois Hollande as President of France has cast doubt on European unity in relation to the response to the debt crisis.

Concerns are now heightened for a number of banks in Spain, a country already struggling with unemployment at levels comparable to the Great Depression.

It is clear that turbulent times are ahead for the global economy.

That is why it is vital that the Australian government get its budget under control and end the spiral from zero government debt inherited by the Rudd/Gillard government to over $130 billion.

Accumulated budget deficits over the past four years total over $170 billion.

The Gillard government must get its own house in order - immediately.