Australian Politics Forum - Under What PM Was The Most Wasteful Spending.

Dnarever

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Re: Under What PM Was The Most Wasteful Spending.
Reply #15 - Jan 11^th, 2013 at 8:00am

Armchair_Politician wrote on Jan 11^th, 2013 at 7:02am:

skippy. wrote on Jan 11^th, 2013 at 6:44am:

Armchair_Politician wrote on Jan 11^th, 2013 at 6:28am:

The gong for most wasteful easily goes to Labor under Rudd and now Gillard. Look at the long list - FuelWatch, GroceryWatch, pink batts, school halls (BER), other rorted stimulus schemes, laptops in schools, foreign bribes to win temporary UN Security Council seat, mining tax (didn't rake in anything but they still spent what they hoped to get from it), NBN, border security blowout from less than $100m per year to nearly $2bn per year. The list goes on and on and on. No other government in the past (Labor or Coalition) comes anywhere close to the level of waste this government has created. Were the current government a board of directors at a company listed on the stock market, they'd have all been sacked ages ago by fed-up shareholders!!! Alas, we will see that happen some time this year - better late than never!!!

Yet the facts prove you along, AGAIN. Grin

Really? So the pink batts scheme nor the school halls (BER) weren't rorted to the tune of millions of dollars? Labor didn't waste tens of millions of dollars on bribes for a temp UN Security Council seat? The mining tax didn't bring in any cash and Labor didn't spend the money it had budgeted the tax to bring in? The NBN hasn't blown out, nor the border security farce that Labor caused? You're clearly confusing fact with fiction, but that's what we all expect of you...

Really? So the pink batts Home insulation scheme nor the school halls Building the Education Revolution (BER)

The Audits show that the BER was value for money in something like 97% of cases.

Insulation was properly installed in millions of homes, many people will be very grateful later today when they both stay cooler and save money.

The mining tax didn't bring in any cash

The mining sector spent millions in advertising undermining the tax fully supported by the Liberals.

It was done in a manner which undermined Australias PM at the time leading to his sacking.

the liberals and mining bullies got their way in the end which produced a poor deal on the legislation which did impact on our budget results and comes at a significant cost to average tax payers. God forbid that the mining sector should pay their fair share of tax.

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MOTR

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Re: Under What PM Was The Most Wasteful Spending.
Reply #16 - Jan 11^th, 2013 at 8:01am

Howard was a bad treasurer and his economic record as PM is actually very poor. The economy was set up by Labor and Howard reaped the benefits of a very positive external environment. However, instead of legitimately paying off debt he wasted money and achieved his legacy through diminishing infrastructure and transferring public debt to private debt. No wonder our competitiveness went south smack bang in the middle of the Howard years.

About time a few home truths were told.

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Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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gold_medal

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Re: Under What PM Was The Most Wasteful Spending.
Reply #17 - Jan 11^th, 2013 at 8:06am

adelcrow wrote on Jan 11^th, 2013 at 7:47am:

cods wrote on Jan 11^th, 2013 at 7:46am:

Quote:

I dont understand, I thought they said the liberals were good money managers. Sad

I thought YOU said the Libs didnt spend anything.. do anything..

ask yourself... DID HOWARD BORROW MONEY TO WASTE

Yes..because NO NET DEBT does not mean NO DEBT

Bill Gates has debt. its a meaningless distinction. NET DEBT is always inferred.

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adelcrow

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Re: Under What PM Was The Most Wasteful Spending.
Reply #18 - Jan 11^th, 2013 at 8:07am

Under Howard the economy was flat for his first few terms and only got into gear when China opened up its economy and started growing at a break neck speed.
Without Labors reforms and Chinas boom Howard would've led a very flat economy with his only solutions being record taxation, new taxes and massive cuts to health, education, infrastructure etc etc etc.
And it will be more of the same when Abbott rises to power so be prepared for our public institutions to be run down and for spending on roads, bridges, flood mitigation etc etc to be slashed.

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adelcrow

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Re: Under What PM Was The Most Wasteful Spending.
Reply #19 - Jan 11^th, 2013 at 8:09am

gold_medal wrote on Jan 11^th, 2013 at 8:06am:

adelcrow wrote on Jan 11^th, 2013 at 7:47am:

cods wrote on Jan 11^th, 2013 at 7:46am:

Quote:

I dont understand, I thought they said the liberals were good money managers. Sad

I thought YOU said the Libs didnt spend anything.. do anything..

ask yourself... DID HOWARD BORROW MONEY TO WASTE

Yes..because NO NET DEBT does not mean NO DEBT

Bill Gates has debt. its a meaningless distinction. NET DEBT is always inferred.

Thats why the Libs always quote net debt when they are concerned and gross debt when Labor is mentioned.
Its no wonder the public reckons they are Mean and Tricky

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Go the Bunnies

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buzzanddidj

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Re: Under What PM Was The Most Wasteful Spending.
Reply #20 - Jan 11^th, 2013 at 8:32am

Quote:

AUSTRALIA'S most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found.

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.

It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

The Rudd government's stimulus spending during the financial crisis doesn't rate as profligate because the measure
makes allowance for spending needed to stabilise the economy
.

Quite the extensive and comprehensive examination - which highlights the differences between reality and fact - and perception

( ... though I'm surprised no-one has butted in with "the IMF know jack-sh!t" - as yet ?)

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gold_medal

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Re: Under What PM Was The Most Wasteful Spending.
Reply #21 - Jan 11^th, 2013 at 8:34am

buzzanddidj wrote on Jan 11^th, 2013 at 8:32am:

Quote:

AUSTRALIA'S most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found.

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.

It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

The Rudd government's stimulus spending during the financial crisis doesn't rate as profligate because the measure
makes allowance for spending needed to stabilise the economy
.

Quite the extensive and comprehensive examination - which highlights the differences between reality and fact - and perception

( ... though I'm surprised no-one has butted in with "the IMF know jack-sh!t" - as yet ?)

and during this time we acheived the status of BEST ECONOMY IN the world. so either Howard wasnt profligate or profligacy is a good economic tool. cant have it both ways.

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progressiveslol

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Re: Under What PM Was The Most Wasteful Spending.
Reply #22 - Jan 11^th, 2013 at 8:37am

The IMF love debt so would love labor, the debt and taxes party. The IMF love to come and take over parts of countries who cant pay their debt, like labor cant seem to pay debt, just accumulate more.

I can see why IMF would make a propaganda report that labor are so good and a party who left a country in a perfect position to get through a GFC, would be so bad. Bit like the UN who are leftists through and through.

And that is a perfect point made. Did liberals borrow money to waste. No, they left Australai rich. Labor just wasted it and borrowed more than Australia ever has.

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cods

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Re: Under What PM Was The Most Wasteful Spending.
Reply #23 - Jan 11^th, 2013 at 8:38am

buzzanddidj wrote on Jan 11^th, 2013 at 8:32am:

Quote:

AUSTRALIA'S most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found.

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.

It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

The Rudd government's stimulus spending during the financial crisis doesn't rate as profligate because the measure
makes allowance for spending needed to stabilise the economy
.

Quite the extensive and comprehensive examination - which highlights the differences between reality and fact - and perception

[i]( ... though I'm surprised no-one has butted in with "the IMF know jack-sh!t" - as yet ?)[/i]

well they did tell us about 3 years ago the GFC was over and we had turned the corner... just as Greece folded and went into melt down..two days later..

no offence you believe thats fine..you have the faith that fine also..

but America is on the fiscal cliff.. and it aint going away. but I am not sure the IMF take any notice of that. its just a small detail.

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cods

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Re: Under What PM Was The Most Wasteful Spending.
Reply #24 - Jan 11^th, 2013 at 8:39am

progressiveslol wrote on Jan 11^th, 2013 at 8:37am:

The IMF love debt so would love labor, the debt and taxes party. The IMF love to come and take over parts of countries who cant pay their debt, like labor cant seem to pay debt, just accumulate more.

I can see why IMF would make a propaganda report that labor are so good and a party who left a country in a perfect position to get through a GFC, would be so bad. Bit like the UN who are leftists through and through.

you wonder how many balls they keep in the air dont you whilst they juggle the worlds monetary problems..that they never seem to have the answers too.

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buzzanddidj

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Re: Under What PM Was The Most Wasteful Spending.
Reply #25 - Jan 11^th, 2013 at 10:20am

progressiveslol wrote on Jan 11^th, 2013 at 8:37am:

The IMF love debt so would love labor, the debt and taxes party. The IMF love to come and take over parts of countries who cant pay their debt, like labor cant seem to pay debt, just accumulate more.

Actually, it is the Government's ability to pay debt ( ... low, in relation to GDP) that has maintained the Standard & Poor's and Moody's credit rating that it has

i

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Your Christians are so unlike your Christ.'

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MOTR

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Re: Under What PM Was The Most Wasteful Spending.
Reply #26 - Jan 11^th, 2013 at 10:34am

progressiveslol wrote on Jan 11^th, 2013 at 8:37am:

The IMF love debt so would love labor, the debt and taxes party. The IMF love to come and take over parts of countries who cant pay their debt, like labor cant seem to pay debt, just accumulate more.

I can see why IMF would make a propaganda report that labor are so good and a party who left a country in a perfect position to get through a GFC, would be so bad. Bit like the UN who are leftists through and through.

And that is a perfect point made. Did liberals borrow money to waste. No, they left Australai rich. Labor just wasted it and borrowed more than Australia ever has.

Attaking the messenger again, progs. So the IMF is part of a conspiracy to destroy the Australian economy. You really are nuts, progs.

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Hunt says Coalition accepts IPCC findings

"What does this mean? It means that we need to do practical things that actually reduce emissions."

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sir prince duke alevine Gold Member Offline Australian Politics Posts: 23619 Gender:	Re: Under What PM Was The Most Wasteful Spending. Reply #27 - Jan 11^th, 2013 at 10:38am HOWARD WAS A WEASEL
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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: Under What PM Was The Most Wasteful Spending. Reply #28 - Jan 11^th, 2013 at 10:43am sir prince duke alevine wrote on Jan 11^th, 2013 at 10:38am: HOWARD WAS A WEASEL Weasel is too kind.
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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: Under What PM Was The Most Wasteful Spending. Reply #29 - Jan 11^th, 2013 at 10:46am
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