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Abbott gives up on surplus as budget deficits soar to $100 billion; Federal budget deficits for next four years set to double to over $100 billion
Topic Started: 16 Dec 2013, 09:49 PM (2,436 Views)
Count du Monet
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Is the 75k Yuppie baby bonus still on? I was thinking of marrying a yuppie and producing one kid a year to live on? :D
The next trick of our glorious banks will be to charge us a fee for using net bank!!!
You are no longer customer, you are property!!!

Don't be SAUCY with me Bernaisse
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herbie
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I've found it a bit difficult to get interested in this topic.
As I recalled seeing a graph a good while back that the plan was to run a deficit for yonks anyway - With that being a Treasury Dept (or some such) forecast which was pretty much as things were going to be regardless of which party was in power.
The Libs can't be serious about wanting to balance the budget surely?
What a load of crap they all speak - It's just all hot air - The more they can borrow, the happier they'll all be - Else why fiddle with the debt ceiling?
Hey, we live in a democracy where virtually no-one fundamentally believes in living within their means.
And being a democracy, the pollies exist to buy votes.
And if we aren't going to live within our means, then the pollies are going to have to borrow money to buy 'our' votes.

Surprise me Joe - Say it ain't true and youse mob are different - Ha ha ha; Ho ho ho ... :re:
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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themoops
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Count du Monet
18 Dec 2013, 11:09 AM
Is the 75k Yuppie baby bonus still on? I was thinking of marrying a yuppie and producing one kid a year to live on? :D
Doubt it.

It's very unpopular, even though it's a good policy. :bye:
herbie
18 Dec 2013, 11:20 AM
I've found it a bit difficult to get interested in this topic.

Me too. It's completely stupid because Labor would be doing more or less exactly the same thing. Spending like drunken sailors to stave off the property crash.
Edited by themoops, 18 Dec 2013, 11:37 AM.
stinkbug omosessuale


Frank Castle is a liar and a criminal. He will often deliberately take people out of context and use straw man arguments.
Frank finally and unintentionally gives it up and admits he got where he is, primarily via dumb luck!
See here
Property will be 50-70% off by 2016.
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joey jojo shabadoo
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themoops
18 Dec 2013, 11:33 AM
Doubt it.

It's very unpopular, even though it's a good policy. :bye:

Me too. It's completely stupid because Labor would be doing more or less exactly the same thing. Spending like drunken sailors to stave off the property crash.
no moops. If Labor was still in they would have given Holden a billion dollars, given Toyota a 500 million "assistance package", enacted the Gonski reforms and what ever new pet project they had in mind for their union slush fund buddies. A vote for Abott was a vote for economic sanity. Thank god Australians have finally seen the light of day.
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Thatguy
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We haven't seen any light of day yet. The last tax cuts promised by Liberals and matched by Labour and delivered in 2008 were the last straw for the economy. It was ridiculously obvious that we couldn't sustain those tax cuts if extraordinary revenue dropped but both parties decided to buy votes. We've been living with the problem ever since.

If the coalition had of won either the 07 or '10 election we would be in a very similar position now. It is highly unlikely that either side of government could have cut spending enough to match revenue while keeping us out of a recession.

I know you partisan types can't see the forest for the trees but people need to start for the better of this country.

Now we have a government that have roughly matched the additional spending per day and are promising to deliver cuts. We have yet to see any cuts or reduction in spending so the jury is still out. What we do know is they promised a lot they won't be able to deliver....so far it's just like the last lot.
Edited by Thatguy, 19 Dec 2013, 11:50 AM.
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Elastic
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We have not seen any cuts but we have also seen the plans for the removal of the carbon "tax" while still maintaining the compensation for taxpayers and paying business through direct action.
The Libs have also canned a raft of other revenue raising taxes put forward by Labor including the removal of FBT on car leasing.
There isn't much sign of economic sanity at this point in time.
Only a rat can win a rat race.

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Thatguy
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Elastic
19 Dec 2013, 11:59 AM
We have not seen any cuts but we have also seen the plans for the removal of the carbon "tax" while still maintaining the compensation for taxpayers and paying business through direct action.
The Libs have also canned a raft of other revenue raising taxes put forward by Labor including the removal of FBT on car leasing.
There isn't much sign of economic sanity at this point in time.
Agree completely. With what is on the table right now I don't think an objective person could claim the Liberals are looking any better than Labor. However I think the difference will be that Liberals have a kind of "mandate" to take serious action. That's about the only mandate they have.

If the Liberals were going to adjust the carbon tax rather than dismantle it I would be more positive.
If the Liberals weren't looking to add $5-6b/year in upper middle class welfare I would be more positive.
If the Liberals weren't going to raise taxes on business by 0.5% I'd be more positive
If the Liberals weren't going to socialise and centrally plan the carbon reduction plan I'd be more positive.

However Labor were bloody stupidly hopeless with in-fighting, random projects and oversimplification of ideas. They couldn't stick to a plan, they couldn't explain their policies or direction and they couldn't sell a free porn site to a 14yr old.
Edited by Thatguy, 19 Dec 2013, 12:09 PM.
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skamy
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Almost 1/2 a billion for roads in WA, this is a sensible long term investment. Now if we get the State government rail projects on the go - this State is gonna fly over the next couple of decades.

IMHO, Labour actually did a great job through the GFC, a few key actions (FHBGs and MBS) prevented this country experiencing the silly panic that so badly effected young people and new home purchasers in other countries due to the GFC. I have to say that this governments plans to invest in infrastructure are to be commended, heavens above we have such a great future in potential income that we can borrow to invest in ourselves.
Definition of a doom and gloomer from 1993
The last camp is made up of the doom-and-gloomers. Their slogan is "it's the end of the world as we know it". Right now they are convinced that debt is the evil responsible for all our economic woes and must be eliminated at all cost. Many doom-and-gloomers believe that unprecedented debt levels mean that we are on the precipice of a worse crisis than the Great Depression. The doom-and-gloomers hang on the latest series of negative economic data.
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Elastic
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I like the idea of infrastructure investment but the federal government won't invest in public transport projects like rail.
As our cities increase in density, rail projects are what we need particularly in our large cities.
I can't really speak for Perth's need for new roads but Melbourne still hasn't managed a train line to the airport.
Only a rat can win a rat race.

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joey jojo shabadoo
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christ they've been in office for 100 days and trying to undo 6 years of economic boobery. Give them a little time...
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