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Poll closed Poll
Question: TREASURER
*** This poll has now closed ***


SWAN    
  3 (23.1%)
Abbott    
  0 (0.0%)
Turnbull    
  2 (15.4%)
Gillard    
  0 (0.0%)
Angry Anderson    
  1 (7.7%)
Peter Garrett    
  0 (0.0%)
Hockey    
  7 (53.8%)
Bishop    
  0 (0.0%)




Total votes: 13
« Created by: warrigal on: May 18th, 2013 at 3:46pm »

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Who will be Treasurer? (Read 9424 times)
warrigal
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Re: Who will be Treasurer?
Reply #60 - May 19th, 2013 at 4:06am
 
Amazing the vote poll actually suggests Hockey, un fortunate he my have to one day be PM, like Keating was with Hawke.

Satan's Labor party will discredit Abbott again and then we will have to find someone else.

Human beings, It is in our nature to destroy ourselfs.
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If you can create a big enough lie about someone IGNORANT people will bellieve it.

The bigger the Arshole you are on this forum, the more right you have to stay.
 
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Andrei.Hicks
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Re: Who will be Treasurer?
Reply #61 - May 19th, 2013 at 9:17am
 
buzzanddidj wrote on May 19th, 2013 at 2:50am:

Australia’s debt is the second lowest in the OECD. Gross debt stands at 28.9% of GDP.





The debt inherited by Wayne Swan stood at 9.7% of GDP .

In his six years of not once delivering a surplus, he has increased the debt of Australia by over 330%.

Just worth pointing out he also has no formal education in finance and economics and holds a Bachelor of Arts degree.

Probably goes to explain why he can't challenge Treasurys hilarious forecasts?

Either way, he's done a shite job.
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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde
 
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Re: Who will be Treasurer?
Reply #62 - May 19th, 2013 at 9:21am
 
Where does the gross debt of 28.9% of GDP come from?  I am sure I heard Swann say in his Budget Speech that it was 10/11%
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Dnarever
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Re: Who will be Treasurer?
Reply #63 - May 19th, 2013 at 9:25am
 
Andrei.Hicks wrote on May 19th, 2013 at 9:17am:
buzzanddidj wrote on May 19th, 2013 at 2:50am:

Australia’s debt is the second lowest in the OECD. Gross debt stands at 28.9% of GDP.





The debt inherited by Wayne Swan stood at 9.7% of GDP .

In his six years of not once delivering a surplus, he has increased the debt of Australia by over 330%.

Just worth pointing out he also has no formal education in finance and economics and holds a Bachelor of Arts degree.

Probably goes to explain why he can't challenge Treasurys hilarious forecasts?

Either way, he's done a shite job.



While the wonderfull USA where everything is teriffic and they give you petrol for free has a debt to GDP ration of 105%.

Just wonderfull performance there hey?
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Re: Who will be Treasurer?
Reply #64 - May 19th, 2013 at 9:29am
 
Andrei.Hicks wrote on May 19th, 2013 at 9:17am:
buzzanddidj wrote on May 19th, 2013 at 2:50am:

Australia’s debt is the second lowest in the OECD. Gross debt stands at 28.9% of GDP.





The debt inherited by Wayne Swan stood at 9.7% of GDP .

In his six years of not once delivering a surplus, he has increased the debt of Australia by over 330%.

Just worth pointing out he also has no formal education in finance and economics and holds a Bachelor of Arts degree.

Probably goes to explain why he can't challenge Treasurys hilarious forecasts?

Either way, he's done a shite job.



andrei, your assessment is too much of a complement to this man.  he has been much worse than that.
grocery watch, fuelwatch, and a tax that raises no money and a carbon tax where the government fully compensates most of the polluters.  planet cuckoo land
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Re: Who will be Treasurer?
Reply #65 - May 19th, 2013 at 9:30am
 
Aussie wrote on May 19th, 2013 at 9:21am:
Where does the gross debt of 28.9% of GDP come from?  I am sure I heard Swann say in his Budget Speech that it was 10/11%


Debt to GDP is different from government debt.

If you look at Andrei's full story he will tell you that Labor inherited a Debt to GDP of 9. something.

You may recall that the conservatives claimed to have paid off the debt. Australias debt to GDP was never zero.

The other conservatives want him to go away with this line as it does not really support the liberals view overall and in fact goes to display one of their real failures and broken promises.
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KJT1981
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Re: Who will be Treasurer?
Reply #66 - May 19th, 2013 at 9:32am
 
Dnarever wrote on May 19th, 2013 at 9:25am:
Andrei.Hicks wrote on May 19th, 2013 at 9:17am:
buzzanddidj wrote on May 19th, 2013 at 2:50am:

Australia’s debt is the second lowest in the OECD. Gross debt stands at 28.9% of GDP.





The debt inherited by Wayne Swan stood at 9.7% of GDP .

In his six years of not once delivering a surplus, he has increased the debt of Australia by over 330%.

Just worth pointing out he also has no formal education in finance and economics and holds a Bachelor of Arts degree.

Probably goes to explain why he can't challenge Treasurys hilarious forecasts?

Either way, he's done a shite job.



While the wonderfull USA where everything is teriffic and they give you petrol for free has a debt to GDP ration of 105%.

Just wonderfull performance there hey?


Do you live in the USA dna?
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Dnarever
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Re: Who will be Treasurer?
Reply #67 - May 19th, 2013 at 9:32am
 
KJT1981 wrote on May 19th, 2013 at 9:32am:
Dnarever wrote on May 19th, 2013 at 9:25am:
Andrei.Hicks wrote on May 19th, 2013 at 9:17am:
buzzanddidj wrote on May 19th, 2013 at 2:50am:

Australia’s debt is the second lowest in the OECD. Gross debt stands at 28.9% of GDP.





The debt inherited by Wayne Swan stood at 9.7% of GDP .

In his six years of not once delivering a surplus, he has increased the debt of Australia by over 330%.

Just worth pointing out he also has no formal education in finance and economics and holds a Bachelor of Arts degree.

Probably goes to explain why he can't challenge Treasurys hilarious forecasts?

Either way, he's done a shite job.



While the wonderfull USA where everything is teriffic and they give you petrol for free has a debt to GDP ration of 105%.

Just wonderfull performance there hey?


Do you live in the USA dna?



Andrei does - the guy making the claim and it's his hypocricy.
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Andrei.Hicks
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Re: Who will be Treasurer?
Reply #68 - May 19th, 2013 at 9:37am
 
Where in my post have I referenced the United States?

I pointed out -

Swan inherited a debt of 9.7% of GDP
It is now 28%
The gross debt has increased by over 330%
He has not delivered 1 surplus
His background is a BA (Hons)

Any of those wrong?
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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde
 
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Re: Who will be Treasurer?
Reply #69 - May 19th, 2013 at 9:44am
 
Andrei.Hicks wrote on May 19th, 2013 at 9:37am:
Where in my post have I referenced the United States?

I pointed out -

Swan inherited a debt of 9.7% of GDP
It is now 28%
The gross debt has increased by over 330%
He has not delivered 1 surplus
His background is a BA (Hons)

Any of those wrong?


Every time you see an advantage you look to the good old USA.

I believe that what you have stated is correct if a bit misleading to some who do not understand the difference between debt to GDP and the Australian government debt numbers most frequently quoted which is about 11% of GDP.

Anyway I see in the bigger picture with the Liberals bringing a further 100 Billion of unfunded spending to the table with a Hockey Abbott economic team as a recipe for a much worse position with no real hope of improvement.

On the other hand Labor have been progressively cutting back budget after budget and making real ground in the right direction in a really tough situation.

Things could  have clearly got a lot worse - just look at the rest of the world, the conservatives economic team look our best chance to get there too.
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Re: Who will be Treasurer?
Reply #70 - May 19th, 2013 at 9:53am
 
Australia's saving grace during the WFC was the competent and astute way the government of John Howard with Peter Costello as Treasurer left the country in a very good position to weather the storm. Rudd, Gillard and Swan basically wasted the surplus because it was there, and created massive debt. So again I say, the rest of the world admires what the Howard government left and does NOT attribute any of Australia's enviable position to the Labor mob, they pity the average Australian for being subjected to the blatant incompetence of this government.
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An intellectual is a man who takes more words than necessary to tell more than he knows.
 
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Re: Who will be Treasurer?
Reply #71 - May 19th, 2013 at 10:04am
 
Socrates wrote on May 19th, 2013 at 9:53am:
Australia's saving grace during the WFC was the competent and astute way the government of John Howard with Peter Costello as Treasurer left the country in a very good position to weather the storm. Rudd, Gillard and Swan basically wasted the surplus because it was there, and created massive debt. So again I say, the rest of the world admires what the Howard government left and does NOT attribute any of Australia's enviable position to the Labor mob, they pity the average Australian for being subjected to the blatant incompetence of this government.


Peter Costello as Treasurer left the country in a very good position to weather the storm.

They in fact left the economy geared to fail in anything less than an ideal well above average world economic environment.

Rudd, Gillard and Swan basically wasted the surplus

I think you have used the wrong term. The surplus is the yearly budget position - its not government savings ?

The surplus was at about 0.8% of GDP not spent on a yearly basis. The GFC was a downturn of over 3% of GDP. Neither Labor or the Liberals could have done anything about this the simple math is 3 - 0.8 = -2.2

Nothing to do with anyone doing anything - instant deficit. Basically when you have spending locked in and income goes away you end up in debt.

All the reliable and reasonable economic analysis shows that the Liberals would have faired a lot worse.
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Re: Who will be Treasurer?
Reply #72 - May 19th, 2013 at 10:14am
 
Handing out $1,000 cheques to some people but excluding those who paid in the most for the surplus is not both waste and political favouritism?

I beg to differ.
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Re: Who will be Treasurer?
Reply #73 - May 19th, 2013 at 10:29am
 
Andrei.Hicks wrote on May 19th, 2013 at 10:14am:
Handing out $1,000 cheques to some people but excluding those who paid in the most for the surplus is not both waste and political favouritism?

I beg to differ.


Giving money to people less likely to spend it was going to do nothing to help the economy.

I got nothing and had I been given the payment it would have likely been invested or left in the account for a long time.

Well in my case probably not if it was just money that would have been its fate but in this type of case I would have gone out of my way to spend it appropriately, most wouldn't though.
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Re: Who will be Treasurer?
Reply #74 - May 19th, 2013 at 10:36am
 
Dnarever wrote on May 19th, 2013 at 10:29am:
Andrei.Hicks wrote on May 19th, 2013 at 10:14am:
Handing out $1,000 cheques to some people but excluding those who paid in the most for the surplus is not both waste and political favouritism?

I beg to differ.


Giving money to people less likely to spend it was going to do nothing to help the economy.

I got nothing and had I been given the payment it would have likely been invested or left in the account for a long time.

Well in my case probably not if it was just money that would have been its fate but in this type of case I would have gone out of my way to spend it appropriately, most wouldn't though.



Giving money to dead people and people living overseas...........brilliant idea.

The clubs saw a rise in their takings also, pokies included.
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