Australian Politics Forum - AAA rating partly attributed to low public debt.

namnugenot

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Re: AAA rating partly attributed to low public debt.
Reply #30 - Mar 30^th, 2013 at 12:43pm

MOTR wrote on Mar 30^th, 2013 at 12:33pm:

Entirely manageable. What's your point, nam.

http://www.abc.net.au/news/image/4329992-3x2-940x627.jpg

Oh you seem to have Swanny's estimates at the end of the graph...you know...the one where he guarantees a surplus... and prosperity just over the hill.
You might like to stick to actual figures rather than doodles on toilet paper.

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John Smith

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Re: AAA rating partly attributed to low public debt.
Reply #31 - Mar 30^th, 2013 at 12:44pm

Maqqa wrote on Mar 30^th, 2013 at 12:10pm:

adelcrow wrote on Mar 30^th, 2013 at 10:09am:

Its a far cry from the record taxation and personal debt levels of pre 2007 under Howard and who can forget the interest rate increases during Howards last election campaign

adel does not understand the GFC so has no clue about economics

move on

and you continue to pretend the GFC had no effect ..... despite the fact that the libs proposed alternative to labors wasn't that far off what labor was proposing in $ terms .....

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: AAA rating partly attributed to low public debt. Reply #32 - Mar 30^th, 2013 at 12:47pm I got a first in economics. Going from 9.7% net debt ratio to 22.9% in 5 years is pretty far from good economic management.
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Andrei.Hicks

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Re: AAA rating partly attributed to low public debt.
Reply #33 - Mar 30^th, 2013 at 12:48pm

John Smith wrote on Mar 30^th, 2013 at 12:44pm:

Maqqa wrote on Mar 30^th, 2013 at 12:10pm:

adelcrow wrote on Mar 30^th, 2013 at 10:09am:

Its a far cry from the record taxation and personal debt levels of pre 2007 under Howard and who can forget the interest rate increases during Howards last election campaign

adel does not understand the GFC so has no clue about economics

move on

and you continue to pretend the GFC had no effect ..... despite the fact that the libs proposed alternative to labors wasn't that far off what labor was proposing in $ terms .....

From John "I'm not biased to Labor, honest guv" Smith.....

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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MOTR

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Re: AAA rating partly attributed to low public debt.
Reply #34 - Mar 30^th, 2013 at 12:48pm

namnugenot wrote on Mar 30^th, 2013 at 12:43pm:

MOTR wrote on Mar 30^th, 2013 at 12:33pm:

Entirely manageable. What's your point, nam.

http://www.abc.net.au/news/image/4329992-3x2-940x627.jpg

Oh you seem to have Swanny's estimates at the end of the graph...you know...the one where he guarantees a surplus... and prosperity just over the hill.
You might like to stick to actual figures rather than doodles on toilet paper.

Quote:

Fitch also noted the Government's plan to bring the budget back to surplus had been abandoned due to the strong Australian dollar and volatile commodity prices.

But the agency took the view that the process of fiscal consolidation has slowed rather than reversed.

You need to look at the figures with a tad more objectivity, nam.

As far as the projections go, let's have a good look at the upcoming budget.

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John Smith

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Re: AAA rating partly attributed to low public debt.
Reply #35 - Mar 30^th, 2013 at 12:49pm

Andrei.Hicks wrote on Mar 30^th, 2013 at 12:48pm:

John Smith wrote on Mar 30^th, 2013 at 12:44pm:

Maqqa wrote on Mar 30^th, 2013 at 12:10pm:

adelcrow wrote on Mar 30^th, 2013 at 10:09am:

Its a far cry from the record taxation and personal debt levels of pre 2007 under Howard and who can forget the interest rate increases during Howards last election campaign

adel does not understand the GFC so has no clue about economics

move on

and you continue to pretend the GFC had no effect ..... despite the fact that the libs proposed alternative to labors wasn't that far off what labor was proposing in $ terms .....

From John "I'm not biased to Labor, honest guv" Smith.....

is there any point to that Andrei? other then you proving what a d1ck you are?

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I hope that bitch who was running their brothels for them gets raped with a cactus.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: AAA rating partly attributed to low public debt. Reply #36 - Mar 30^th, 2013 at 12:51pm Merely pointing out you continually support a Labor action yet refuse to admit bias. I would have forgotten more about economics than you know.
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John Smith

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Re: AAA rating partly attributed to low public debt.
Reply #37 - Mar 30^th, 2013 at 12:56pm

Andrei.Hicks wrote on Mar 30^th, 2013 at 12:51pm:

Merely pointing out you continually support a Labor action yet refuse to admit bias.

I would have forgotten more about economics than you know.

You were born an idiot and you'll die an idiot .....

Andrei.Hicks wrote on Mar 30^th, 2013 at 12:51pm:

you continually support a Labor action yet refuse to admit bias.

I've admitted I'm a labor guy to you many times ... if you have trouble with english maybe I can try put it in another language

Andrei.Hicks wrote on Mar 30^th, 2013 at 12:51pm:

I would have forgotten more about economics than you know.

good ... then explain why if the GFC had no effect like Maqqa keeps trying to imply, why was the libs proposed stimulus package almost as much as labors in $ terms?

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: AAA rating partly attributed to low public debt. Reply #38 - Mar 30^th, 2013 at 12:58pm Andrei.Hicks wrote on Mar 30^th, 2013 at 12:47pm: I got a first in economics. Going from 9.7% net debt ratio to 22.9% in 5 years is pretty far from good economic management. Sure, Andrei. What ratio are you talking about here.
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: AAA rating partly attributed to low public debt. Reply #39 - Mar 30^th, 2013 at 12:59pm Net debt to GDP 9.7% in 2007 22.9% in 2012
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namnugenot

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Re: AAA rating partly attributed to low public debt.
Reply #40 - Mar 30^th, 2013 at 1:00pm

MOTR wrote on Mar 30^th, 2013 at 12:48pm:

namnugenot wrote on Mar 30^th, 2013 at 12:43pm:

MOTR wrote on Mar 30^th, 2013 at 12:33pm:

Entirely manageable. What's your point, nam.

http://www.abc.net.au/news/image/4329992-3x2-940x627.jpg

Oh you seem to have Swanny's estimates at the end of the graph...you know...the one where he guarantees a surplus... and prosperity just over the hill.
You might like to stick to actual figures rather than doodles on toilet paper.

Quote:

Fitch also noted the Government's plan to bring the budget back to surplus had been abandoned due to the strong Australian dollar and volatile commodity prices.

But the agency took the view that the process of fiscal consolidation has slowed rather than reversed.

You need to look at the figures with a tad more objectivity, nam.

As far as the projections go, let's have a good look at the upcoming budget.

Now there's objectivity for you. No in actual fact you look at the last couple of budgets and see how they panned out...in the real world. Then you have a much more realistic view. Unless I'm wrong are we now in surplus?...yes or no?

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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: AAA rating partly attributed to low public debt. Reply #41 - Mar 30^th, 2013 at 1:07pm Andrei.Hicks wrote on Mar 30^th, 2013 at 12:59pm: Net debt to GDP 9.7% in 2007 22.9% in 2012 What net debt are you talking about. http://www.budget.gov.au/2012-13/content/bp1/html/bp1_bst10-04.htm You're certainly talking about a different measure to us.
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John Smith

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Re: AAA rating partly attributed to low public debt.
Reply #42 - Mar 30^th, 2013 at 1:09pm

MOTR wrote on Mar 30^th, 2013 at 1:07pm:

Andrei.Hicks wrote on Mar 30^th, 2013 at 12:59pm:

Net debt to GDP

9.7% in 2007
22.9% in 2012

What net debt are you talking about.

http://www.budget.gov.au/2012-13/content/bp1/html/bp1_bst10-04.htm

You're certainly talking about a different measure to us.

thats why he finished first ....

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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namnugenot

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Re: AAA rating partly attributed to low public debt.
Reply #43 - Mar 30^th, 2013 at 1:11pm

MOTR wrote on Mar 30^th, 2013 at 9:47am:

Maqqa wrote on Mar 30^th, 2013 at 9:44am:

MOTR wrote on Mar 30^th, 2013 at 9:41am:

Maqqa wrote on Mar 30^th, 2013 at 9:31am:

MOTR wrote on Mar 29^th, 2013 at 8:02pm:

Like I've been consistently saying, our public debt levels have been grossly exaggerated.

By how much?

80% of GDP is a common benchmark. However, I certainly wouldn't want to even approach the zone where we are susceptible to self reinforcing cycles.

We have three AAA ratings because we are miles away from this point.

You made a statement that public debt is grossly exaggerated

You won't give the numbers in real term but now you are saying it's been exaggerated by 80%

So you are accusing who of exaggerating the public debt level by 80%?

Are your comprehension skills really that poor, Maqqa.

http://www.abc.net.au/news/linkableblob/3727694/data/possum-graph-8-government-d...

Also using a graph that says "we are here" that has figures for 2009 GDP% is a measure of your honesty...but it is consistent.

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MOTR

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Re: AAA rating partly attributed to low public debt.
Reply #44 - Mar 30^th, 2013 at 1:19pm

namnugenot wrote on Mar 30^th, 2013 at 1:00pm:

MOTR wrote on Mar 30^th, 2013 at 12:48pm:

namnugenot wrote on Mar 30^th, 2013 at 12:43pm:

MOTR wrote on Mar 30^th, 2013 at 12:33pm:

Entirely manageable. What's your point, nam.

http://www.abc.net.au/news/image/4329992-3x2-940x627.jpg

Oh you seem to have Swanny's estimates at the end of the graph...you know...the one where he guarantees a surplus... and prosperity just over the hill.
You might like to stick to actual figures rather than doodles on toilet paper.

Quote:

Fitch also noted the Government's plan to bring the budget back to surplus had been abandoned due to the strong Australian dollar and volatile commodity prices.

But the agency took the view that the process of fiscal consolidation has slowed rather than reversed.

You need to look at the figures with a tad more objectivity, nam.

As far as the projections go, let's have a good look at the upcoming budget.

Now there's objectivity for you. No in actual fact you look at the last couple of budgets and see how they panned out...in the real world. Then you have a much more realistic view. Unless I'm wrong are we now in surplus?...yes or no?

We are certainly in surplus. The report from Fitch is from this month. They were well aware of our current economic realities.

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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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