Kat wrote on Jul 26
th, 2013 at 8:36am:
RightSadFred wrote on Jul 26
th, 2013 at 8:32am:
thelastnail
Its a very odd argument ...... we f....d up the economy but not as bad as other nations have f....d up theirs and not as much as we could of f....d up it all up ????
I doubt anyone is buying other than the rusted ons and Rudd himself, watch Rudd talk economics is like watching a 2 year old try to ride a bike for the first time.
Think so, do you?
Had a listen to Tony or Joe on the economy?
Not half a clue between them.
butbutbutbut you listen to this!!!!!
THE federal opposition says it won't rely on Treasury's numbers to work out how much its policies cost.
Instead shadow treasurer Joe Hockey says they have used the Parliamentary Budget Office, state government colleagues and independent advisers.
"You'll see all the details in the next few weeks," he told ABC radio on Friday.
"We have a range of different sources.
"What I can say emphatically is that our numbers will be more reliable than anything the government publishes."
He says the government is trying to "bully" Treasury into delivering a certain set of numbers.
The government will issue an economic statement ahead of the pre-election fiscal outlook (PEFO) released by the departments of Treasury and Finance 10 days into the election campaign.
A report in the Australian Financial Review says the government is facing a budget black hole of $20 billion over the next fours years.Mr Hockey has previously said the coalition would detail costings of its policies once the PEFO was released.
But now he's casting doubts on its independence.
"Quite clearly by flagging an economic statement the government is trying to bully the public service into a set of the numbers that clearly do not properly represent the state of the budget," Mr Hockey said.
"We are not going to rely on the information that is provided solely by the government because every time the government publishes a number it is dead set wrong."He said the reports of a further $20 billion hole showed the budget was "in absolute crisis"."We'll account for all They're not going to call an election this Sunday because they have a budget crisis," Mr Hockey later told the Seven Network.
Treasurer Chris Bowen did not comment when asked about the $20 billion figure, but flagged that the budget was being hit by factors like a drop in the terms of trade.
"We'll account for all our spending, we'll account for that in an open and transparent way," Mr Bowen told Seven.
He said he was committed to a surplus - "that's the plan" - in 2016/17. Prime Minister Kevin Rudd told the National Press Club on July 11 that "we're committed to returning the Budget to balance in
2015-16".
There are some reports that the cabinet is divided on whether the surplus commitment should stand.
A DROP IN TERMS OF TRADE.....HILARIOUS...
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