Your say: Rate rises causing financial pain?

it truly worries me that all you uneducated (or maybe i should give you the benefit of the doubt and say ill-informed) people will be voting at our next election, and you will be basing your votes on your ill-conceived notions as to who is to blame and how the whole economy works. And another thing-i'm getting so sick of Australians whinging everytime anything doesn't go their way. Toughen up! You've had record low interest rates which were ALWAYS gonna HAVE to rise (the rest of the world has low interest rates becuase they are in RECESSION you fools) ...it's your own stupid fault that you are in the positon you are in so stop blaming the reserve bank, kevin rudd or anyone else you can point your finger at! We've had it too good for too long here in oz, that's the problem!

Long live John Howard and Peter Costello. I shudder to think of the situation we as Australian taxpayers and a country would be in right now at the minute if the Liberal Government and their prudent policies had not built a substantial surplus.To all the young voters out there that would have been in nappies the last time Labour, with their infactuation on spending the bank, stuffed our country up .Once again this has happened but a lesson must be learnt .Krudd and his team of spin doctors need to be voted out on election day.

The cost of living is increasing at an extremely fast rate, causing a lot of stress on households. The RBA is increasing rates but are they truly inline with the inflation rate that is occurring within Australia??? Soon we will have an economy similar to Japan....just too expensive to live in!!!

You are so right. I can not believe how everyone goes on about interest rate levels being the Governments fault. Obviously these people are very uneducated. Blame yourselves people, you are the ones that are sending interest rates up. Stop purchasing all the crap and keep inflation in check. Those of you who are bagging Labour make no sense anyway. If your interest rate theory was true than you should be grateful to labour as interest rates were actually higher under the Liberal party.

Why in heaven's name does the Ruddy Government think they have the right to spend billions and then almost every month cost struggling Home buyers every thing they have? I have less than $20 a week left to live on since the last rate rise. Rudd gave us a grant to help us get out of rising rents into home ownership. Now we face losing everything and living on the streets! Thanks Mr Rudd. Thanks Gen Y! You should never have been given the vote in the first place! We older Australians have long memories of the pain every Labour Govt has caused us. Bring on the next election!

Agree totally with Prancer. By the way, I didn't hear anyone complaining when the rates went down 4 or 5 times in a row??

KRUDd has Spent the lot+the savings+the kids piggybank+the inheritance $$.We R broke.If I go move OS,I would go today.

Aust dont have any money left,Kelvin Krudd has blown the lot and then raided the kids piggybank,,then stole granma's xmas money.He's like a *** man a in casino,Just one roll of the dice and it'll be all good.SORRY to tell ya ***,that strategy dont work.Y do U think casino's never go broke!!!If I go move overseasI'd be gone today.

Get stuffed. People enter into these deals with banks then squeal like wounded pigs when rates rise. You want the banks to wipe your bums too when they agree to lend you the money? We're renting from people who have over financed - they are actually expecting sympathy and milking us for every cet they can get. I wish I had never entered this tenancy - but lying agents is another matter!!

Of course rate rises hurt most of us are on very finite pay packages, many not even receiving cost of living increases. So how is it assumed we can keep absorbing increasing cost eat less and less. There will be a monumental rebelion in Australia of this and similar issues.