Australian Politics Forum - Why can't I get a loan??

skippy.

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Re: Why can't I get a loan??
Reply #15 - Mar 16^th, 2013 at 5:57pm

Swagman wrote on Mar 16^th, 2013 at 5:54pm:

John Smith wrote on Mar 16^th, 2013 at 5:51pm:

woof woof is just trying to make a point ... what he fails to understand though, is that rather than Australia's credit cards being maxed out, our loan is the equivalent of him having borrowed $10 000 ... make $100 000, owe $10g and no bank would decline you another loan ... even if it was for double your current loan .

Unless you have a bad credit history.....and Labor have an atrocious one.... Grin

Not according to credit rating, woof woof must be channeling your ignorance.

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longweekend58

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Re: Why can't I get a loan??
Reply #16 - Mar 16^th, 2013 at 6:00pm

John Smith wrote on Mar 16^th, 2013 at 5:51pm:

woof woof is just trying to make a point ... what he fails to understand though, is that rather than Australia's credit cards being maxed out, our loan is the equivalent of him having borrowed $10 000 ... make $100 000, owe $10g and no bank would decline you another loan ... even if it was for double your current loan .

he made his point rather badly. a better example would be a BUSINESS OWNER applying for a loan where he CURRENTLY has negative income but his business plan shows a profit in the near(ish) future. that would be an better example to use.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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woof woof

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Re: Why can't I get a loan??
Reply #17 - Mar 16^th, 2013 at 6:03pm

OK so Australias expenses exceed its income by 200Billion in the last few years.

So who is stupid enough to continue to borrow the billions needed??

How will we ever pay off our debt if our expenses exceed our income, and our out goings are increasing every year and our income is decreasing every year?

are you muppets that thick that you don't see us as being effectivly insolvent, that is unable to pay our bills, teh only we we do it is by borrowing billions of dollars.

How isthat sustainable??

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longweekend58

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Re: Why can't I get a loan??
Reply #18 - Mar 16^th, 2013 at 6:09pm

woof woof wrote on Mar 16^th, 2013 at 6:03pm:

OK so Australias expenses exceed its income by 200Billion in the last few years.

So who is stupid enough to continue to borrow the billions needed??

How will we ever pay off our debt if our expenses exceed our income, and our out goings are increasing every year and our income is decreasing every year?

are you muppets that thick that you don't see us as being effectivly insolvent, that is unable to pay our bills, teh only we we do it is by borrowing billions of dollars.

How isthat sustainable??

i hate it that you put me in the position of explaining something that could be construed wrongly as supporting labor...

the govt is like a business which has ebbs and flows in finance. currently we are running at a lsos and banks actually DO fund loss-making business because they expect profits to come later. Seriosuly, my own business borrowed money but made a loss for its first 2 years but they happily lent me extra for my thirds year based on profit predictions. and u do have to realise that our credit rating is AAA and deservedly so because history tells international bankers that liberals are regularly elected to pay off the debts and start running at a profit.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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woof woof

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Re: Why can't I get a loan??
Reply #19 - Mar 16^th, 2013 at 6:19pm

I think the last sentence sums up what will happen.

BUT

How in gods name is our balance sheet going to improve, we have nbiilions going out on boat ppl, the mining boom is over, unemployemnt and pension payments are going through the roof.

we nned to earn more money than ever before to pay off our debt, and those days are GONE>

were screwed

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Swagman

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Re: Why can't I get a loan??
Reply #20 - Mar 16^th, 2013 at 6:20pm

skippy. wrote on Mar 16^th, 2013 at 5:57pm:

Swagman wrote on Mar 16^th, 2013 at 5:54pm:

John Smith wrote on Mar 16^th, 2013 at 5:51pm:

woof woof is just trying to make a point ... what he fails to understand though, is that rather than Australia's credit cards being maxed out, our loan is the equivalent of him having borrowed $10 000 ... make $100 000, owe $10g and no bank would decline you another loan ... even if it was for double your current loan .

Unless you have a bad credit history.....and Labor have an atrocious one.... Grin

Not according to credit rating, woof woof must be channeling your ignorance.

Ignorance huh? When was the last time a federal Labor Govt delivered a budget surplus? Grin

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Aussie Gold Member Offline OzPolitic Posts: 38865 Gender:	Re: Why can't I get a loan?? Reply #21 - Mar 16^th, 2013 at 6:22pm Is woof woof, maqqa?
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cods Gold Member Offline Australian Politics Posts: 88048	Re: Why can't I get a loan?? Reply #22 - Mar 16^th, 2013 at 6:25pm anyone that budgets with a credit card is an idiot.. and that goes for any treasurer...you are living on WHAT MIGHT HAPPEN... and not taking into account what COULD HAPPEN. and switc hing debts from one place/bank to another achieves bugger all
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Dsmithy70

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Re: Why can't I get a loan??
Reply #23 - Mar 16^th, 2013 at 6:28pm

Swagman wrote on Mar 16^th, 2013 at 6:20pm:

skippy. wrote on Mar 16^th, 2013 at 5:57pm:

Swagman wrote on Mar 16^th, 2013 at 5:54pm:

John Smith wrote on Mar 16^th, 2013 at 5:51pm:

woof woof is just trying to make a point ... what he fails to understand though, is that rather than Australia's credit cards being maxed out, our loan is the equivalent of him having borrowed $10 000 ... make $100 000, owe $10g and no bank would decline you another loan ... even if it was for double your current loan .

Unless you have a bad credit history.....and Labor have an atrocious one.... Grin

Not according to credit rating, woof woof must be channeling your ignorance.

Ignorance huh? When was the last time a federal Labor Govt delivered a budget surplus? Grin

1986
When was the last time a Federal Liberal party produced a surplus without a global economic boom and selling the family silver.
And while we're at it, who other than Costello in the above golden times produced a surplus from the Liberal party?

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Why can't I get a loan?? Reply #24 - Mar 16^th, 2013 at 6:30pm point is at what figure do you labor lot think our level of debt becomes unrepayable?? and we're in your mind screwed, put a figure down? 500B 1000B 2000B when do we get to the point where the ship has sunk?
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Aussie Gold Member Offline OzPolitic Posts: 38865 Gender:	Re: Why can't I get a loan?? Reply #25 - Mar 16^th, 2013 at 6:35pm Aussie wrote on Mar 16^th, 2013 at 6:22pm: Is woof woof, maqqa? Abject apologies. Stupid question.
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Dsmithy70

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Re: Why can't I get a loan??
Reply #26 - Mar 16^th, 2013 at 6:36pm

woof woof wrote on Mar 16^th, 2013 at 6:30pm:

point is at what figure do you labor lot think our level of debt becomes unrepayable??

and we're in your mind screwed, put a figure down?

500B
1000B
2000B

when do we get to the point where the ship has sunk?

So your projecting Australias GDP will tank in the near future and never recover?

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REBELLION is not what most people think it is.
REBELLION is when you turn off the TV & start educating & thinking for yourself.
Gavin Nascimento

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Grey

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Re: Why can't I get a loan??
Reply #27 - Mar 16^th, 2013 at 6:37pm

woof woof wrote on Mar 16^th, 2013 at 6:30pm:

point is at what figure do you labor lot think our level of debt becomes unrepayable??

and we're in your mind screwed, put a figure down?

500B
1000B
2000B

when do we get to the point where the ship has sunk?

Excuse me for butting in, but you seem to be under the illusion that the world financial system has some kind of foundation made of logic and book-keeping. That's an archaic view I'm afraid Grin

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"It is in the shelter of each other that the people live" - Irish Proverb

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longweekend58

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Re: Why can't I get a loan??
Reply #28 - Mar 16^th, 2013 at 6:43pm

Dsmithy70 wrote on Mar 16^th, 2013 at 6:28pm:

Swagman wrote on Mar 16^th, 2013 at 6:20pm:

skippy. wrote on Mar 16^th, 2013 at 5:57pm:

Swagman wrote on Mar 16^th, 2013 at 5:54pm:

John Smith wrote on Mar 16^th, 2013 at 5:51pm:

woof woof is just trying to make a point ... what he fails to understand though, is that rather than Australia's credit cards being maxed out, our loan is the equivalent of him having borrowed $10 000 ... make $100 000, owe $10g and no bank would decline you another loan ... even if it was for double your current loan .

Unless you have a bad credit history.....and Labor have an atrocious one.... Grin

Not according to credit rating, woof woof must be channeling your ignorance.

Ignorance huh? When was the last time a federal Labor Govt delivered a budget surplus? Grin

1986
When was the last time a Federal Liberal party produced a surplus without a global economic boom and selling the family silver.
And while we're at it, who other than Costello in the above golden times produced a surplus from the Liberal party?

to be fair, Hawke started with a small debt and by today's standards, a low deficit. Howard inherited record debt and high deficit. you can hypothesise what labor would have done if they had been in power but you'd be stretching to beleive that they would have done as well - nevermind better.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: Why can't I get a loan?? Reply #29 - Mar 16^th, 2013 at 6:49pm what do you reckon greece and spain ever thought they'd be where they are?? and what makes you think that we aren't ion the same road they were on? so far you've given nothing
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