Australia dodged the GFC bullet, albeit, not especially because of anything the federal government did or didn't do. The builder's Bloody Early Retirement fund wasn't even necessary. The country would have fared just as well - was already in full blown recovery - without it.
But what if it's not over?
What if there's a stage two GFC, far worse than the first?
We've got nothing left in the kitty for such an event, and goodness knows the ALP were amateurs the first time around, tossing billions of dollars to the wind with no particular purpose.
Billionaire investor George Soro, known to have correctly predicted a number of economic events, is adamant that the fiscal problems in Europe will take us all down - again.
'Act two' of crisis begins