Karma bus comes around for Joe Hockey

Joe Hockey tried to get his spin retaliation in first on Sunday with the budget "shock absorber" line. It didn't change the reality of Monday's mid-year-economic-and-fiscal-outlook-show: an effective admission that he's likely to go down in history as one of the Treasurers who never delivered a surplus.

Not that there's necessarily anything wrong with that, depending on reasonable priorities at the time. Still, after all those years of belittling revenue shortfalls, talking down the economy and demonising deficits, the karma bus has come round and whacked him hard.

The treasurer will be talking airily of scores of billions of dollars here and hundreds of billions there, declining terms of trade and fractional movements in GDP percentages. Meanwhile, down in the dirt of regional Australia, the impact of piecemeal budget policy - "ad Hockery", you might zinger it - is measured in a very few million dollars and people going blind.

http://www.smh.com.au/business/comment-and-analysis/karma-bus-comes-around-for-joe-hockey-20141215-1275l1.html

Ad-Hockery.....
;D ;D ;D ;D

Up there with Hockeynomics.....

  ;)

Notice he never appears these days without his keeper, Boxhead Corman? Another chaperone?

St George of the Garden wrote on Dec 15^th, 2014 at 1:30pm:

Notice he never appears these days without his keeper, Boxhead Corman? Another chaperone?

At least he talks for himself, unlike Shorten, who blindly follows what others say even if he has no idea what they said.

Armchair_Politician wrote on Dec 15^th, 2014 at 1:39pm:

St George of the Garden wrote on Dec 15th, 2014 at 1:30pm: Notice he never appears these days without his keeper, Boxhead Corman? Another chaperone? At least he talks for himself, unlike Shorten, who blindly follows what others say even if he has no idea what they said.

LOL

Is english your 2nd language?

http://www.sugarpolice.net/wp-content/uploads/2009/09/teaspoon.jpg

Quote:

Slipping by with little notice, the government has not renewed funding for the Indigenous and Remote Eye Health Service (IRIS), a program that has co-ordinated the goodwill and hard work of ophthalmologists and optometrists to save and improve sight in the bush. An initiative of the government and the Australian Society of Ophthalmologists in 2010, the four-year program cost a total of $5 million – about the same as the current renovations at the Lodge. While $1.25 million a year would barely keep the Members' Bar in swizzle sticks, the lean IRIS operation has delivered enormously effective outcomes. In a call for lobbying action to save the program, it lists: 12,800 outpatient consultations in the most remote locations across Australia, 2,100 surgical procedures, establishment of 22 regular and ongoing remote eye health services, purchase, placement and servicing of $2 million of diagnostic and surgical equipment for remote Australia and piloting two separate tele-medicine initiatives.

$1.25 million a year, delivering real health improvements for indigenous communities ... and they cut it. The last pay rise for Federal parliamentarians cost more than that.

Priorities? It's clear they've lost the plot.

You do realise in the midst of all this budget emergency


Quote:

The Government has reconfirmed its commitment to a reduction in the corporate tax rate in this year’s Federal Budget. However, the benefit of any rate reduction for many companies will be offset by the Government’s previously proposed Paid Parental Leave (PPL) Levy. The company tax rate will be reduced from its current rate of 30 per cent to 28.5 per cent with effect from income years beginning on or after 1 July 2015 and apply to all companies.

So no whuckers

We been told over & over business will not just pocket increased profits but hire more staff with lower costs.

So whys Joe telling us unemployment will rise?

Dsmithy70 wrote on Dec 15^th, 2014 at 2:29pm:

You do realise in the midst of all this budget emergency Quote: The Government has reconfirmed its commitment to a reduction in the corporate tax rate in this year’s Federal Budget. However, the benefit of any rate reduction for many companies will be offset by the Government’s previously proposed Paid Parental Leave (PPL) Levy. The company tax rate will be reduced from its current rate of 30 per cent to 28.5 per cent with effect from income years beginning on or after 1 July 2015 and apply to all companies. So no whuckers We been told over & over business will not just pocket increased profits but hire more staff with lower costs. So whys Joe telling us unemployment will rise?

I agree, Smithy. Thank heavens the grown-ups are back in charge.

Dsmithy70 wrote on Dec 15^th, 2014 at 2:29pm:

You do realise in the midst of all this budget emergency Quote: The Government has reconfirmed its commitment to a reduction in the corporate tax rate in this year’s Federal Budget. However, the benefit of any rate reduction for many companies will be offset by the Government’s previously proposed Paid Parental Leave (PPL) Levy. The company tax rate will be reduced from its current rate of 30 per cent to 28.5 per cent with effect from income years beginning on or after 1 July 2015 and apply to all companies. So no whuckers We been told over & over business will not just pocket increased profits but hire more staff with lower costs. So whys Joe telling us unemployment will rise?

Because he has no f@cking idea ....