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

Maqqa

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14% - that low?!

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Re: AAA rating partly attributed to low public debt.
Reply #45 - Mar 30^th, 2013 at 1:27pm

Maqqa wrote on Mar 30^th, 2013 at 12:11pm:

Maqqa wrote on Mar 30^th, 2013 at 9:52am:

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.

You said public debt was exaggerated

By how much?

For example:

If the debt level was $300B and people are reporting it as $600B then the debt levels have been exaggerated by 100%

So based on this - your assertion is debt levels' been exaggerated by 80% ie you are claiming that people are saying the current debt level is $540B

Show me proof where this exaggeration is reported

bump for MOTR

you made a claim the debt level is exaggerated

show us where this exaggerated debt level you are harping on about

bump for MOTR

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Bill 14% is not the alcohol content of that wine. It's your poll number

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MOTR

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Re: AAA rating partly attributed to low public debt.
Reply #46 - Mar 30^th, 2013 at 1:35pm

namnugenot wrote on 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.

To be honest, I actually linked the wrong graph. This is the graph I wanted to post.

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namnugenot

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Re: AAA rating partly attributed to low public debt.
Reply #47 - Mar 30^th, 2013 at 1:38pm

MOTR wrote on 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.

What a relief the overall government position is not a 22.3 billion deficit and worsening as reported in the middle of last month and that's now a surplus...I don't think anyone must have told Swanny...he and Gillard will be so pleased. You would have thought it would be in all the papers...but not seeing anything... How big is this surplus anyway Motr? You didn't say...fingers and toes crossed for a couple of trillion.

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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: AAA rating partly attributed to low public debt. Reply #48 - Mar 30^th, 2013 at 1:46pm Of course we're not in surplus, nam. That's been obvious for months.
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namnugenot

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NSW
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Re: AAA rating partly attributed to low public debt.
Reply #49 - Mar 30^th, 2013 at 1:46pm

MOTR wrote on Mar 30^th, 2013 at 1:35pm:

namnugenot wrote on 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.

To be honest, I actually linked the wrong graph. This is the graph I wanted to post.

http://catallaxyfiles.com/files/2013/03/Kouk-debt.jpg

...and still from 2009...

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namnugenot

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Re: AAA rating partly attributed to low public debt.
Reply #50 - Mar 30^th, 2013 at 1:49pm

MOTR wrote on 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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MOTR

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Posts: 6646

Re: AAA rating partly attributed to low public debt.
Reply #51 - Mar 30^th, 2013 at 1:52pm

namnugenot wrote on Mar 30^th, 2013 at 1:46pm:

MOTR wrote on Mar 30^th, 2013 at 1:35pm:

namnugenot wrote on 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.

To be honest, I actually linked the wrong graph. This is the graph I wanted to post.

http://catallaxyfiles.com/files/2013/03/Kouk-debt.jpg

...and still from 2009...

At the end of the 2008/2009 financial year our net debt was negative. Why do you think it was from 2009?

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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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MOTR

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Australian Politics

Posts: 6646

Re: AAA rating partly attributed to low public debt.
Reply #52 - Mar 30^th, 2013 at 1:57pm

namnugenot wrote on Mar 30^th, 2013 at 1:49pm:

MOTR wrote on 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.

Whoops. I was trying to say the exact opposite. The point I was trying to make is that it is well known we are in deficit. This did not stop Fitch giving us a triple A rating because they understood the economic circumstances. They also understand our net debt to GDP ratio is still very healthy.

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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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longweekend58

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Re: AAA rating partly attributed to low public debt.
Reply #53 - Mar 30^th, 2013 at 7:00pm

MOTR wrote on Mar 30^th, 2013 at 1:57pm:

namnugenot wrote on Mar 30^th, 2013 at 1:49pm:

MOTR wrote on 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.

Whoops. I was trying to say the exact opposite. The point I was trying to make is that it is well known we are in deficit. This did not stop Fitch giving us a triple A rating because they understood the economic circumstances. They also understand our net debt to GDP ratio is still very healthy.

as compared to economic cot cases.

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MOTR Gold Member Offline Australian Politics Posts: 6646	Re: AAA rating partly attributed to low public debt. Reply #54 - Mar 30^th, 2013 at 7:11pm Economic cot cases don't get three AAA ratings. It is so patently false, all you are doing is diminishing your own credibility.
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longweekend58

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Re: AAA rating partly attributed to low public debt.
Reply #55 - Mar 30^th, 2013 at 7:20pm

MOTR wrote on Mar 30^th, 2013 at 7:11pm:

Economic cot cases don't get three AAA ratings. It is so patently false, all you are doing is diminishing your own credibility.

which part of the words 'compared to' did u miss?

BTW Lehmann Bros had AAA rating on the day it went under. excuse me for being more than cynical about rating agencies. Howard didnt get a AAA rating with all of his economic credentials and yet now, these same agencies have finally worked out that all their criteria in the past have been wrong. talk about an epic fail.

and a AAA rating is probably worth an extra 3 votes nation wide for labor. I cant adequately express how underwhelming the news is for joe average voter.

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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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John Smith

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Re: AAA rating partly attributed to low public debt.
Reply #56 - Mar 30^th, 2013 at 7:31pm

longweekend58 wrote on Mar 30^th, 2013 at 7:20pm:

MOTR wrote on Mar 30^th, 2013 at 7:11pm:

Economic cot cases don't get three AAA ratings. It is so patently false, all you are doing is diminishing your own credibility.

which part of the words 'compared to' did u miss?

BTW Lehmann Bros had AAA rating on the day it went under. excuse me for being more than cynical about rating agencies. Howard didnt get a AAA rating with all of his economic credentials and yet now, these same agencies have finally worked out that all their criteria in the past have been wrong. talk about an epic fail.

and a AAA rating is probably worth an extra 3 votes nation wide for labor. I cant adequately express how underwhelming the news is for joe average voter.

who said anyone would vote for anyone based on our ratings? stick to the point longy ... your attempts at cheap shots always seem to fall short of the mark making you look like a bigger fool than normal.

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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

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Re: AAA rating partly attributed to low public debt.
Reply #57 - Mar 30^th, 2013 at 7:35pm

longweekend58 wrote on Mar 30^th, 2013 at 7:20pm:

MOTR wrote on Mar 30^th, 2013 at 7:11pm:

Economic cot cases don't get three AAA ratings. It is so patently false, all you are doing is diminishing your own credibility.

which part of the words 'compared to' did u miss?

BTW Lehmann Bros had AAA rating on the day it went under. excuse me for being more than cynical about rating agencies. Howard didnt get a AAA rating with all of his economic credentials and yet now, these same agencies have finally worked out that all their criteria in the past have been wrong. talk about an epic fail.

and a AAA rating is probably worth an extra 3 votes nation wide for labor. I cant adequately express how underwhelming the news is for joe average voter.

The fiscal position of a government and the economy is much more open to public scrutiny. The comparison you are making is ridiculous.

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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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longweekend58

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Re: AAA rating partly attributed to low public debt.
Reply #58 - Mar 31^st, 2013 at 8:05am

MOTR wrote on Mar 30^th, 2013 at 7:35pm:

longweekend58 wrote on Mar 30^th, 2013 at 7:20pm:

MOTR wrote on Mar 30^th, 2013 at 7:11pm:

Economic cot cases don't get three AAA ratings. It is so patently false, all you are doing is diminishing your own credibility.

which part of the words 'compared to' did u miss?

BTW Lehmann Bros had AAA rating on the day it went under. excuse me for being more than cynical about rating agencies. Howard didnt get a AAA rating with all of his economic credentials and yet now, these same agencies have finally worked out that all their criteria in the past have been wrong. talk about an epic fail.

and a AAA rating is probably worth an extra 3 votes nation wide for labor. I cant adequately express how underwhelming the news is for joe average voter.

The fiscal position of a government and the economy is much more open to public scrutiny. The comparison you are making is ridiculous.

just more drivel from you. the point was that these ratings you profess to love so much come with a particularly bad history and the current method of assigning ratings is exceptionally different to how it was 5 years ago in line with their realisation that they got so much of it wrong in the past.

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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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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: AAA rating partly attributed to low public debt. Reply #59 - Mar 31^st, 2013 at 8:16am The AAA rating for Australia, came in spite of the Labor Government and certainly not because of it.
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