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The Ageing Public Servants
Topic Started: 19 Sep 2015, 11:43 AM (4,417 Views)
ThePauk
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peter fraser
20 Sep 2015, 09:29 AM
What a croc of shit.
So now your justification for your anti aged bias is based on a ridiculous belief that soon our federal government will run out of money.

Your complete lack of understanding is causing you to lie awake at night in fear.
Just madness, simply madness.
The croc of shit belongs to you Mr Mortgage Broker...

I do not have an anti-aged bias and I do not lie awake in fear. I will leave that to the mortgage brokers who fear for their future.

Noted that you think you know more than the National Commission of Audit and the Future Funds people. I suppose you think like stinkbig that the Future Fund was only created for the Labor govt to raid... Dear me, such intelligence is alarming.

This means that there is a shortfall of more than $130 billion to cover the Australian state and federal unfunded liabilities.
https://theconversation.com/explainer-what-are-unfunded-liabilities-9924

http://www.governmentnews.com.au/2014/05/stark-warning-shepherd-commonwealth-super-funding-future-fund/

Posted Image
from http://www.ncoa.gov.au/report/phase-one/part-a/4-2-the-state-of-the-balance-sheet.html

http://www.futurefund.gov.au/__data/assets/pdf_file/0009/6849/FFMA_2015-16_Corporate_Plan_-_SIGNED.pdf
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peter fraser
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ThePauk
20 Sep 2015, 10:10 AM
The croc of shit belongs to you Mr Mortgage Broker...

I do not have an anti-aged bias and I do not lie awake in fear. I will leave that to the mortgage brokers who fear for their future.

Noted that you think you know more than the National Commission of Audit and the Future Funds people. I suppose you think like stinkbig that the Future Fund was only created for the Labor govt to raid... Dear me, such intelligence is alarming.

This means that there is a shortfall of more than $130 billion to cover the Australian state and federal unfunded liabilities.
https://theconversation.com/explainer-what-are-unfunded-liabilities-9924

http://www.governmentnews.com.au/2014/05/stark-warning-shepherd-commonwealth-super-funding-future-fund/

Posted Image
from http://www.ncoa.gov.au/report/phase-one/part-a/4-2-the-state-of-the-balance-sheet.html

http://www.futurefund.gov.au/__data/assets/pdf_file/0009/6849/FFMA_2015-16_Corporate_Plan_-_SIGNED.pdf
Oh those graphs are just to scare the dimwits - they are put together to achieve a political outcome, not an economic reality.

No country on earth pays for obligations decades before they are due. Haven't you worked that out yet. And no, it's not stealing from the future, it's always been this way.
Any expressed market opinion is my own and is not to be taken as financial advice
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Ex BP Golly
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peter fraser
20 Sep 2015, 11:03 AM
Oh those graphs are just to scare the dimwits - they are put together to achieve a political outcome, not an economic reality.

No country on earth pays for obligations decades before they are due. Haven't you worked that out yet. And no, it's not stealing from the future, it's always been this way.
Are you saying The State has a dispensation from meeting it's super obligations, unlike businesses?

You mean the last Labor party is playing politics whenever they whine about the evil criminal bosses not being able to meet their super obligations when their companies collapse?

Kevin Rudd and Julia Gillard weren't leading by example?

Golly! Whood a think it?
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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ThePauk
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Oh I see Peter. So your position is...

1. there are no unfunded liabilities
2. whatever organisation creates and maps those 'unfunded liabilities' are doing so only for political purposes and to appease the dimwits
3. there is no need to change anything, as business as usual is just fine as it has always been that way

God help us...

Even as early as 1994, the ageing costs were calculated and planned for...
"While there may be a simultaneous reduction in the proportion of children in the population, the Government expenditure on each child is less than the Government expenditure on each old person (particularly each very old person), so if no policy changes are made the effect of this ageing of the population will be a significant increase in Government expenditure, ie the proportion of the country's production that is reallocated through the process of taxation and benefit payment will be significantly increased."
http://www.aga.gov.au/publications/costing_gov_super/superannuation.pdf
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stinkbug
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Ex BP Golly
20 Sep 2015, 11:27 AM
Are you saying The State has a dispensation from meeting it's super obligations, unlike businesses?

Um yeah that's kinda the whole point.
---------------------------------------------------------------

While it's true that those who win never quit, and those who quit never win, those who never win and never quit are idiots.

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Sydneyite
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ThePauk
19 Sep 2015, 01:23 PM
As at 30 June 2012, the Future Fund reported $77 billion in assets.
It's $117B now. Just check here anytime: http://www.futurefund.gov.au/
For Aussie property bears, "denial", is not just a long river in North Africa.....
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ThePauk
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Sydneyite
20 Sep 2015, 01:57 PM
It's $117B now. Just check here anytime: http://www.futurefund.gov.au/
Yes, noted and yet still very much underfunded.
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peter fraser
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ThePauk
20 Sep 2015, 02:21 PM
Yes, noted and yet still very much underfunded.
Governments never fund liabilities that are due well into the future, in fact they usually fund them as they fall due.

You will have to get over this paranoia of yours that clearly keeps you awake at night.

Edited by peter fraser, 20 Sep 2015, 02:38 PM.
Any expressed market opinion is my own and is not to be taken as financial advice
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ThePauk
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peter fraser
20 Sep 2015, 02:37 PM
Governments never fund liabilities that are due well into the future, in fact they usually fund them as they fall due.

You will have to get over this paranoia of yours that clearly keeps you awake at night.
So enlighten us, why was the Future Fund setup?
Please provide links and references for your 'theories' so you do not look too much like a raving lunatic.

Once again, I sleep just fine. I do not have to link my income to the ponzi housing system.
Edited by ThePauk, 20 Sep 2015, 02:51 PM.
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zaph
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ThePauk
20 Sep 2015, 02:21 PM
Yes, noted and yet still very much underfunded.
'noted' - you say that a lot, and it just makes you look like a wanker.
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