Australian Politics Forum - The Abbott Austerity program.

Bobby.

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Re: The Abbott Austerity program.
Reply #30 - Jul 3^rd, 2013 at 12:51pm

Socrates wrote on Jul 3^rd, 2013 at 12:49pm:

You cannot buy your way out of a WFC in the long term. Once the interest starts to pile on and you cannot repay your debts, a deeper recession begins and that's when the easy way KRUDD took starts to take its toll on the country. America's downturn which started the WFC had an effect on nearly all world economies, but not all world economies frittered a surplus away and then went into more debt like the Labor government. Australia may at the time seemed the envy of the world, but the next few years will change that view of this country unless a Coalition government takes the reins and slowly brings this country back on course, which will not happen in one or even two terms, or generations!

There is no Wendy Swan in the Coalition. He resides at the bottom of the garden now with all the other fairies!

The Yanks have been borrowing money in gigantic amounts
& printing money night & day since 2008 yet their economy
is good & their dollar is of high value.
They don't have hyperinflation which is a big surprise.
That has turned economics on it's head as it's the opposite
of every lesson in history.

The common sense rules no longer apply.

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Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: The Abbott Austerity program. Reply #31 - Jul 3^rd, 2013 at 1:58pm Bobby. wrote on Jul 3^rd, 2013 at 12:51pm: The Yanks have been borrowing money in gigantic amounts & printing money night & day since 2008 yet their economy is good & You think their economy is good?....
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Bobby.

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Re: The Abbott Austerity program.
Reply #32 - Jul 3^rd, 2013 at 2:14pm

Swagman wrote on Jul 3^rd, 2013 at 1:58pm:

Bobby. wrote on Jul 3^rd, 2013 at 12:51pm:

The Yanks have been borrowing money in gigantic amounts
& printing money night & day since 2008 yet their economy
is good &

You think their economy is good?.... Grin

Their dollar is worth more than ours yet they must have printed $trillions.

Hyperinflation is not there.
You don't need a wheelbarrow of money to buy a loaf of bread.

Go figure that one!

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De-registered User

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Re: The Abbott Austerity program.
Reply #33 - Jul 3^rd, 2013 at 2:24pm

Bobby. wrote on Jul 3^rd, 2013 at 12:51pm:

Socrates wrote on Jul 3^rd, 2013 at 12:49pm:

You cannot buy your way out of a WFC in the long term. Once the interest starts to pile on and you cannot repay your debts, a deeper recession begins and that's when the easy way KRUDD took starts to take its toll on the country. America's downturn which started the WFC had an effect on nearly all world economies, but not all world economies frittered a surplus away and then went into more debt like the Labor government. Australia may at the time seemed the envy of the world, but the next few years will change that view of this country unless a Coalition government takes the reins and slowly brings this country back on course, which will not happen in one or even two terms, or generations!

There is no Wendy Swan in the Coalition. He resides at the bottom of the garden now with all the other fairies!

The Yanks have been borrowing money in gigantic amounts
& printing money night & day since 2008 yet their economy
is good & their dollar is of high value.
They don't have hyperinflation which is a big surprise.
That has turned economics on it's head as it's the opposite
of every lesson in history.The common sense rules no longer apply.

and its not a path Australia should take. That's the American way, like you said, its a place where common sense no longer applies.

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Bobby.

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Re: The Abbott Austerity program.
Reply #34 - Jul 3^rd, 2013 at 2:26pm

De-registered User wrote on Jul 3^rd, 2013 at 2:24pm:

Bobby. wrote on Jul 3^rd, 2013 at 12:51pm:

Socrates wrote on Jul 3^rd, 2013 at 12:49pm:

You cannot buy your way out of a WFC in the long term. Once the interest starts to pile on and you cannot repay your debts, a deeper recession begins and that's when the easy way KRUDD took starts to take its toll on the country. America's downturn which started the WFC had an effect on nearly all world economies, but not all world economies frittered a surplus away and then went into more debt like the Labor government. Australia may at the time seemed the envy of the world, but the next few years will change that view of this country unless a Coalition government takes the reins and slowly brings this country back on course, which will not happen in one or even two terms, or generations!

There is no Wendy Swan in the Coalition. He resides at the bottom of the garden now with all the other fairies!

The Yanks have been borrowing money in gigantic amounts
& printing money night & day since 2008 yet their economy
is good & their dollar is of high value.
They don't have hyperinflation which is a big surprise.
That has turned economics on it's head as it's the opposite
of every lesson in history.The common sense rules no longer apply.

and its not a path Australia should take. That's the American way, like you said, its a place where common sense no longer applies.

But it worked for the Yanks.

Is the alternative to have 3 million people unemployed in Australia?

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Bobby.

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Re: The Abbott Austerity program.
Reply #35 - Jul 3^rd, 2013 at 2:33pm

Bobby. wrote on Jul 3^rd, 2013 at 12:45pm:

Yes Perceptions,
The secret Abbott austerity program is here:

A huge 22 MByte 52 page document here:

http://lpa.webcontent.s3.amazonaws.com/realsolutions/LPA%20Policy%20Booklet%2021...

It is very loosely worded & surprise surprise
you can't copy & paste any of the text.

There are definitely huge spending cuts in there but no
details on how many unemployed that would cause
& no economic assessment by any qualified people.

On pages 20 & 21 there will be savage cuts to welfare
especially for the unemployed.
Liberal will punish the most vulnerable people as usual.

It's more glib propaganda than anything else.

bump

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Sir lastnail

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Re: The Abbott Austerity program.
Reply #36 - Jul 3^rd, 2013 at 2:42pm

Bobby. wrote on Jul 3^rd, 2013 at 12:51pm:

Socrates wrote on Jul 3^rd, 2013 at 12:49pm:

You cannot buy your way out of a WFC in the long term. Once the interest starts to pile on and you cannot repay your debts, a deeper recession begins and that's when the easy way KRUDD took starts to take its toll on the country. America's downturn which started the WFC had an effect on nearly all world economies, but not all world economies frittered a surplus away and then went into more debt like the Labor government. Australia may at the time seemed the envy of the world, but the next few years will change that view of this country unless a Coalition government takes the reins and slowly brings this country back on course, which will not happen in one or even two terms, or generations!

There is no Wendy Swan in the Coalition. He resides at the bottom of the garden now with all the other fairies!

The Yanks have been borrowing money in gigantic amounts
& printing money night & day since 2008 yet their economy
is good & their dollar is of high value.
They don't have hyperinflation which is a big surprise.
That has turned economics on it's head as it's the opposite
of every lesson in history.

The common sense rules no longer apply.

he who owns the golds makes the rules and in this case the gold is the reserve currency so the yanks are making the rules Wink

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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: The Abbott Austerity program. Reply #37 - Jul 3^rd, 2013 at 3:05pm The Christian Left has a clear alternative road-map out of the social, economic and moral failure of free market capitalism that no other sector of society influenced by Ayn Rand and hyper individualism is offering...
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Socrates Gold Member Offline A Dog With A Bone Posts: 583 Gender:	Re: The Abbott Austerity program. Reply #38 - Jul 3^rd, 2013 at 3:13pm corporate_whitey wrote on Jul 3^rd, 2013 at 3:05pm: The Christian Left has a clear alternative road-map out of the social, economic and moral failure of free market capitalism that no other sector of society influenced by Ayn Rand and hyper individualism is offering... Knob!
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Bobby.

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Re: The Abbott Austerity program.
Reply #39 - Jul 3^rd, 2013 at 3:16pm

corporate_whitey wrote on Jul 3^rd, 2013 at 3:05pm:

The Christian Left has a clear alternative road-map out of the social, economic and moral failure of free market capitalism that no other sector of society influenced by Ayn Rand and hyper individualism is offering...

That's great,
so your saying they will give all their $billions held in Swiss bank accounts to the poor?

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corporate_whitey

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Re: The Abbott Austerity program.
Reply #40 - Jul 3^rd, 2013 at 3:21pm

Socrates wrote on Jul 3^rd, 2013 at 3:13pm:

corporate_whitey wrote on Jul 3^rd, 2013 at 3:05pm:

The Christian Left has a clear alternative road-map out of the social, economic and moral failure of free market capitalism that no other sector of society influenced by Ayn Rand and hyper individualism is offering...

Knob!

so you agree objectivism, competition and free markets have failed and will continue to fail...

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World Wide Working Class Struggle

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Bobby.

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Re: The Abbott Austerity program.
Reply #41 - Jul 3^rd, 2013 at 3:24pm

Sir lastnail wrote on Jul 3^rd, 2013 at 2:42pm:

Bobby. wrote on Jul 3^rd, 2013 at 12:51pm:

Socrates wrote on Jul 3^rd, 2013 at 12:49pm:

You cannot buy your way out of a WFC in the long term. Once the interest starts to pile on and you cannot repay your debts, a deeper recession begins and that's when the easy way KRUDD took starts to take its toll on the country. America's downturn which started the WFC had an effect on nearly all world economies, but not all world economies frittered a surplus away and then went into more debt like the Labor government. Australia may at the time seemed the envy of the world, but the next few years will change that view of this country unless a Coalition government takes the reins and slowly brings this country back on course, which will not happen in one or even two terms, or generations!

There is no Wendy Swan in the Coalition. He resides at the bottom of the garden now with all the other fairies!

The Yanks have been borrowing money in gigantic amounts
& printing money night & day since 2008 yet their economy
is good & their dollar is of high value.
They don't have hyperinflation which is a big surprise.
That has turned economics on it's head as it's the opposite
of every lesson in history.

The common sense rules no longer apply.

he who owns the golds makes the rules and in this case the gold is the reserve currency so the yanks are making the rules Wink

Yes Nail,
the Yanks must be able to manipulate the financial system so that they can print as
much money as they like & not get hyperinflation.

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Fit of Absent Mindeness Gold Member Offline We need more fits of absent mindedness Posts: 1622 Brisbane Gender:	Re: The Abbott Austerity program. Reply #42 - Jul 3^rd, 2013 at 3:24pm When they get voted in (55% chance they still will) Abbott will make some changes (just like the LNP in qld has) that people "didn't see coming!".
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Bobby. Gold Member Offline Australian Politics Posts: 103097 Melbourne Gender:	Re: The Abbott Austerity program. Reply #43 - Jul 3^rd, 2013 at 3:26pm Fit of Absent Mindeness wrote on Jul 3^rd, 2013 at 3:24pm: When they get voted in (55% chance they still will) Abbott will make some changes (just like the LNP in qld has) that people "didn't see coming!". So are you ready for the violent street protests?
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corporate_whitey

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Re: The Abbott Austerity program.
Reply #44 - Jul 3^rd, 2013 at 3:27pm

Bobby. wrote on Jul 3^rd, 2013 at 3:16pm:

corporate_whitey wrote on Jul 3^rd, 2013 at 3:05pm:

The Christian Left has a clear alternative road-map out of the social, economic and moral failure of free market capitalism that no other sector of society influenced by Ayn Rand and hyper individualism is offering...

That's great,
so your saying they will give all their $billions held in Swiss bank accounts to the poor?

you are confusing the Christian Left with the right, they are the ones who are greed driven and have horded billions...lots of luck trying to prize it out of them....what christian left swiss bank accounts are their or did you just pull that out of your ass because you are a compulsive liar?

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World Wide Working Class Struggle

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Poll
Question: Does Tony Abbott have a secret austerity program?
yes 29 (72.5%) no 10 (25.0%) not sure 1 (2.5%) Total votes: 40 « Created by: Bobby. on: Jul 3^rd, 2013 at 11:18am »