Australian Politics Forum - The Sure Way To A Surplus, Tax The People.

KJT1981 Gold Member Offline Australian Politics Posts: 1822	Re: The Sure Way To A Surplus, Tax The People. Reply #45 - May 19^th, 2013 at 10:43am http://www.theage.com.au/business/in-praise-of-stimulus-20100808-11q8e.html The above Phil is an opinion.
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De-registered User Gold Member Offline Posts: 1029	Re: The Sure Way To A Surplus, Tax The People. Reply #46 - May 19^th, 2013 at 10:49am The ALP's spending is all "GREEK" to me. There comes a time where we have to become "AUSTRALIAN" again. I'd much rather see cuts to spending and pay high taxes now under the LIB's, than pay no tax under the ALP in a recession if not depression in the next few years.
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philperth2010

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Re: The Sure Way To A Surplus, Tax The People.
Reply #47 - May 19^th, 2013 at 10:50am

progressiveslol wrote on May 19^th, 2013 at 10:42am:

philperth2010 wrote on May 19^th, 2013 at 10:36am:

progressiveslol wrote on May 19^th, 2013 at 10:29am:

Dnarever wrote on May 19^th, 2013 at 10:23am:

KJT1981 wrote on May 19^th, 2013 at 9:59am:

Progs, Phil grew up in a house full of women after his father took off.

That's why he acts like a girl.

Gone to stage 2 so obviously you can't refute his argument.

There was no argument. Just BS rhetoric with zero substance on the figures.

I agree.....You have been unable to refute any argument I have made with anything apart from your own opinion.....Just BS rhetoric with zero substance on the figures!!!

Roll Eyes

It is impossible to defeat an ignorant man in argument.
William G. McAdoo (1863 - 1941)

It is not BS that labor over estimated their future revenue. The revenue is actually up, not down and there is new spending to which they could have held back for better times.

It doesn't matter how you would like to spin it. A surplus was very doable even for a half competent govern, yet labor, the most incompetent get the surplus to a $20 billion deficit.

Bloody hopeless and unforgivable.

Revenue was down on projections.....Do you understand anything about forward estimates.....Treasury provides Government with estimates which Government then use to balance the budget over that period.....Revenue was down on those forward estimates......Just as treasury got it wrong during the Howard years when revenue was underestimated bringing in more than was predicted.....At least you gave it a go but you do not understand economics and the way the system works!!!

Roll Eyes

It is not necessary to understand things in order to argue about them.
Pierre Beaumarchais (1732 - 1799)

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If knowledge can create problems, it is not through ignorance that we can solve them.
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progressiveslol

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Re: The Sure Way To A Surplus, Tax The People.
Reply #48 - May 19^th, 2013 at 10:53am

philperth2010 wrote on May 19^th, 2013 at 10:50am:

progressiveslol wrote on May 19^th, 2013 at 10:42am:

philperth2010 wrote on May 19^th, 2013 at 10:36am:

progressiveslol wrote on May 19^th, 2013 at 10:29am:

Dnarever wrote on May 19^th, 2013 at 10:23am:

KJT1981 wrote on May 19^th, 2013 at 9:59am:

Progs, Phil grew up in a house full of women after his father took off.

That's why he acts like a girl.

Gone to stage 2 so obviously you can't refute his argument.

There was no argument. Just BS rhetoric with zero substance on the figures.

I agree.....You have been unable to refute any argument I have made with anything apart from your own opinion.....Just BS rhetoric with zero substance on the figures!!!

Roll Eyes

It is impossible to defeat an ignorant man in argument.
William G. McAdoo (1863 - 1941)

It is not BS that labor over estimated their future revenue. The revenue is actually up, not down and there is new spending to which they could have held back for better times.

It doesn't matter how you would like to spin it. A surplus was very doable even for a half competent govern, yet labor, the most incompetent get the surplus to a $20 billion deficit.

Bloody hopeless and unforgivable.

Revenue was down on projections.....Do you understand anything about forward estimates.....Treasury provides Government with estimates which Government then use to balance the budget over that period.....Revenue was down on those forward estimates......Just as treasury got it wrong during the Howard years when revenue was underestimated bringing in more than was predicted.....At least you gave it a go but you do not understand economics and the way the system works!!!

Roll Eyes

It is not necessary to understand things in order to argue about them.
Pierre Beaumarchais (1732 - 1799)

I am glad to see your answer agrees that a surplus was doable but labor over spent, not taking in risk factors on forward estimates.

How many large deficits is it now against forward estimates not having proper risk factors taken into account? What was the largest for labor no risk factor budget. $40 billion wasn't it?

Hopeless. You should or must work for labor. In fact, you may even be swan's advisor.

We are all so glad you are so smart in this area.

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Socrates Gold Member Offline A Dog With A Bone Posts: 583 Gender:	Re: The Sure Way To A Surplus, Tax The People. Reply #49 - May 19^th, 2013 at 10:54am philperth2010 wrote on May 19^th, 2013 at 10:42am: He who strikes the first blow admits he's lost the argument. Chinese Proverb Confucius say reactive kick in the gonads usually makes opponent speak with squeaky voice...... Grow up!
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Swagman

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Re: The Sure Way To A Surplus, Tax The People.
Reply #50 - May 19^th, 2013 at 10:56am

Quote:

The Sure Way To A Surplus, Tax The People says DOC Craig Emmerson.

Ha this is what Labor has already done and it still cannot deliver a surplus... Undecided

Budget deficits from overspending and accumulated debt ARE in reality TAX INCREASES.

Quote:

To dispel the myth Labor is a big-spending government, Grin

average growth in spending under Labor - which includes necessary stimulus spending during the global financial crisis - is almost identical to that of the previous Coalition government.

Myth? F A C T

Yes Labor is a big spending Govt that's why the Labor Govt has delivered 5 consecutive deficit budgets accumulating around $290 Billion in overspending and have failed to not overspend for over 20 years.

This $290 Billion represents future tax increases and / or spending cuts to the same amount. That's the reality.

What's left of Labor in opposition will lambast the Coalition for making cuts but in reality the responsibility for any austerity can be laid at the feet of this irresponsible Labor Govt.....the same fact is true in QLD, VIC and NSW.

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Dnarever

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Re: The Sure Way To A Surplus, Tax The People.
Reply #51 - May 19^th, 2013 at 10:57am

De-registered User wrote on May 19^th, 2013 at 10:49am:

The ALP's spending is all "GREEK" to me.

There comes a time where we have to become "AUSTRALIAN" again.

I'd much rather see cuts to spending and pay high taxes now under the LIB's, than pay no tax under the ALP in a recession if not depression in the next few years.

Labor avoided recession (fact) the Liberals are our best chance to have one (also a fact).

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philperth2010

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Re: The Sure Way To A Surplus, Tax The People.
Reply #52 - May 19^th, 2013 at 10:57am

KJT1981 wrote on May 19^th, 2013 at 10:43am:

http://www.theage.com.au/business/in-praise-of-stimulus-20100808-11q8e.html

The above Phil is an opinion.

A very good one....Feel free to post any Independent opinion from any economist of your choosing to refute my argument!!!

Quote:

Joseph Stiglitz is a professor at Columbia University and a Nobel laureate in economics

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If knowledge can create problems, it is not through ignorance that we can solve them.
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philperth2010

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Re: The Sure Way To A Surplus, Tax The People.
Reply #53 - May 19^th, 2013 at 11:00am

Socrates wrote on May 19^th, 2013 at 10:54am:

philperth2010 wrote on May 19^th, 2013 at 10:42am:

He who strikes the first blow admits he's lost the argument.
Chinese Proverb

Confucius say reactive kick in the gonads usually makes opponent speak with squeaky voice...... Grow up!

What the superior man seeks is in himself; what the small man seeks is in others.
Confucius

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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)

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Swagman

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Beware of cheap imitations......

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Re: The Sure Way To A Surplus, Tax The People.
Reply #54 - May 19^th, 2013 at 11:04am

Dnarever wrote on May 19^th, 2013 at 10:57am:

Labor avoided recession (fact) the Liberals are our best chance to have one (also a fact).

Low debt and the Costello banking reforms were why Australia avoided the worst of the GFC.

Labor's future tax increases (AKA 'stimulus') did next to effall.

The only FACT concerning Labor is that its attack on the mining industry wound up the mining boom much quicker than its own analysts predicted.... Grin

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Socrates

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Re: The Sure Way To A Surplus, Tax The People.
Reply #55 - May 19^th, 2013 at 11:09am

philperth2010 wrote on May 19^th, 2013 at 11:00am:

Socrates wrote on May 19^th, 2013 at 10:54am:

philperth2010 wrote on May 19^th, 2013 at 10:42am:

He who strikes the first blow admits he's lost the argument.
Chinese Proverb

Confucius say reactive kick in the gonads usually makes opponent speak with squeaky voice...... Grow up!

What the superior man seeks is in himself; what the small man seeks is in others.
Confucius

Jeez, why did I feed the monkey nuts?

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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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Socrates

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Re: The Sure Way To A Surplus, Tax The People.
Reply #56 - May 19^th, 2013 at 11:11am

Swagman wrote on May 19^th, 2013 at 11:04am:

Dnarever wrote on May 19^th, 2013 at 10:57am:

Labor avoided recession (fact) the Liberals are our best chance to have one (also a fact).

Low debt and the Costello banking reforms were why Australia avoided the worst of the GFC.

Labor's future tax increases (AKA 'stimulus') did next to effall.

The only FACT concerning Labor is that its attack on the mining industry wound up the mining boom much quicker than its own analysts predicted.... Grin

100% agree.

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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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philperth2010 Gold Member Offline Australian Politics Posts: 20314 Perth Gender:	Re: The Sure Way To A Surplus, Tax The People. Reply #57 - May 19^th, 2013 at 11:12am
Back to top	« Last Edit: May 19^th, 2013 at 11:18am by philperth2010 » If knowledge can create problems, it is not through ignorance that we can solve them. Isaac Asimov (1920 - 1992) IP Logged

Socrates

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Re: The Sure Way To A Surplus, Tax The People.
Reply #58 - May 19^th, 2013 at 11:15am

Dnarever wrote on May 19^th, 2013 at 10:57am:

De-registered User wrote on May 19^th, 2013 at 10:49am:

The ALP's spending is all "GREEK" to me.

There comes a time where we have to become "AUSTRALIAN" again.

I'd much rather see cuts to spending and pay high taxes now under the LIB's, than pay no tax under the ALP in a recession if not depression in the next few years.

Labor avoided recession (fact) the Liberals are our best chance to have one (also a fact).

That being the case, it would most definitely be as a result of Labor's incompetence.

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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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philperth2010

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Re: The Sure Way To A Surplus, Tax The People.
Reply #59 - May 19^th, 2013 at 11:15am

progressiveslol wrote on May 19^th, 2013 at 10:53am:

philperth2010 wrote on May 19^th, 2013 at 10:50am:

progressiveslol wrote on May 19^th, 2013 at 10:42am:

philperth2010 wrote on May 19^th, 2013 at 10:36am:

progressiveslol wrote on May 19^th, 2013 at 10:29am:

Dnarever wrote on May 19^th, 2013 at 10:23am:

KJT1981 wrote on May 19^th, 2013 at 9:59am:

Progs, Phil grew up in a house full of women after his father took off.

That's why he acts like a girl.

Gone to stage 2 so obviously you can't refute his argument.

There was no argument. Just BS rhetoric with zero substance on the figures.

I agree.....You have been unable to refute any argument I have made with anything apart from your own opinion.....Just BS rhetoric with zero substance on the figures!!!

Roll Eyes

It is impossible to defeat an ignorant man in argument.
William G. McAdoo (1863 - 1941)

It is not BS that labor over estimated their future revenue. The revenue is actually up, not down and there is new spending to which they could have held back for better times.

It doesn't matter how you would like to spin it. A surplus was very doable even for a half competent govern, yet labor, the most incompetent get the surplus to a $20 billion deficit.

Bloody hopeless and unforgivable.

Revenue was down on projections.....Do you understand anything about forward estimates.....Treasury provides Government with estimates which Government then use to balance the budget over that period.....Revenue was down on those forward estimates......Just as treasury got it wrong during the Howard years when revenue was underestimated bringing in more than was predicted.....At least you gave it a go but you do not understand economics and the way the system works!!!

Roll Eyes

It is not necessary to understand things in order to argue about them.
Pierre Beaumarchais (1732 - 1799)

I am glad to see your answer agrees that a surplus was doable but labor over spent, not taking in risk factors on forward estimates.

How many large deficits is it now against forward estimates not having proper risk factors taken into account? What was the largest for labor no risk factor budget. $40 billion wasn't it?

Hopeless. You should or must work for labor. In fact, you may even be swan's advisor.

We are all so glad you are so smart in this area.

What you fail to understand is the stimulus prevented Australia from going into recession and saved 200 000 jobs.....If Australia had not stimulated the economy we would be is a far worse position than we are now......This is confirmed by the IMF and Independent economists who have no vested interest in talking down the Australian economy.....Australia has also been given a AAA credit rating by rating agencies for the first time in our history.....The facts do not support your rhetoric.....Feel free to dispute my argument with independent analysis.....I am prepared to accept any informed argument supported by independent sources!!!

Huh

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If knowledge can create problems, it is not through ignorance that we can solve them.
Isaac Asimov (1920 - 1992)

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