Australian Politics Forum - $19B deficit?....add another $8B to it pls

rabbitoh07

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Re: $19B deficit?....add another $8B to it pls
Reply #30 - Jul 27^th, 2013 at 4:21pm

red baron wrote on Jul 27^th, 2013 at 4:11pm:

You see there is this cycle, what happens is, the Liberals put the economy in a good position, everything rosy in the garden then Labor comes along and says this garden is sh.t!

It was sh.t.

11 years of waste.

Illegal war.
Baby bonuses.
Middle-call welfare.
No NBN
No NDIS

Most wasteful government ever:

Hey, big spender: Howard the king of the loose purse strings
Australia's most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found.
The International Monetary Fund examined 200 years of government financial records across 55 leading economies.
It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

http://www.smh.com.au/federal-politics/political-news/hey-big-spender-howard-the...

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longweekend58

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Re: $19B deficit?....add another $8B to it pls
Reply #31 - Jul 27^th, 2013 at 4:24pm

rabbitoh07 wrote on Jul 27^th, 2013 at 4:19pm:

matty wrote on Jul 27^th, 2013 at 12:09am:

People need to realise that only the Coalition can effectively manage economy. Which party was it that repayed the $96 billion of debt they inherited, and left their successors with a surplus of $22 billion, which would then only be wasted on failed schemes like the BER and home insulation disaster?

You mean the party that repayed the $96 billion of debt they inherited - $40billion of which was debt John Howard racked up as Treasurer.

The Party that then went on to be the most wasteful this country has ever seen:

Australia's most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found...

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.
It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

http://www.smh.com.au/federal-politics/political-news/hey-big-spender-howard-the...

The Party that pissed the profits of the mining boom up against the wall with illegal wars, middle-class welfare and baby bonuses - but failed to provide necessary services and infrastructure. No NBN. No NDIS. No carbon pricing. Nothing. Just waste.

You think this is better than the Party that left Australia with one of the lowest levels of debt in the developed world after the greatest global economic downturn since the Great Depression.

ANd BTW: what exactly was wrong with the BEF and the home insulation programmes? Both were very successful. Have you been believing what Alan Jones tells you again!!

$9B actually.

and anyhow, Howard inherited $250B from keating which he paid off.

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Lobo

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Re: $19B deficit?....add another $8B to it pls
Reply #32 - Jul 27^th, 2013 at 4:27pm

longweekend58 wrote on Jul 27^th, 2013 at 3:56pm:

Lobo wrote on Jul 27^th, 2013 at 3:48pm:

John Smith wrote on Jul 27^th, 2013 at 8:12am:

so Abbott will have no problem debating the issue with Rudd then?

He can share his opinions and the benefit of his knowledge.

I'm tipping that Abbott will find an excuse NOT to go 1 on 1 with Rudd in a debate on the economy, even after the election is called.

im tipping that if abbott extends his current 4point lead to 6 or more then he can do what he wants and Rudd can simply cry and whine (and of course swear) about it all he likes.

Doesn't sound confident, at all....

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woof woof

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Re: $19B deficit?....add another $8B to it pls
Reply #33 - Jul 27^th, 2013 at 4:36pm

You will all remember my comments on falling revenues higher UP rates and payment liabillites to the gov and me saying the country is ecomically fkd, many on here queued up to abus eme and tell me how good we have it.

Well kids the wheel nuts fell off the billy cart about 3 years ago and now the steering has failed and we ARE going off a cliff, hang on its gunna be a bumpy ride.

You heard it straight from the horses mouth (me) years ago, but nooo none of you believed me.

I say it again we are in a heap of financial trouble.

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woof woof Gold Member Offline Australian Politics Posts: 1518 Gender:	Re: $19B deficit?....add another $8B to it pls Reply #34 - Jul 27^th, 2013 at 4:43pm I have to laugh at Buzzitsaroguepollandidi, Just because ewe are at 30% debt to GDP and are at a lower % than most others doesn't mean we are doing well. We are just not as fkd as they are, but we're fkd none the less.
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Dnarever

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Re: $19B deficit?....add another $8B to it pls
Reply #35 - Jul 27^th, 2013 at 4:52pm

longweekend58 wrote on Jul 27^th, 2013 at 4:24pm:

rabbitoh07 wrote on Jul 27^th, 2013 at 4:19pm:

matty wrote on Jul 27^th, 2013 at 12:09am:

People need to realise that only the Coalition can effectively manage economy. Which party was it that repayed the $96 billion of debt they inherited, and left their successors with a surplus of $22 billion, which would then only be wasted on failed schemes like the BER and home insulation disaster?

You mean the party that repayed the $96 billion of debt they inherited - $40billion of which was debt John Howard racked up as Treasurer.

The Party that then went on to be the most wasteful this country has ever seen:

Australia's most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found...

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.
It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

http://www.smh.com.au/federal-politics/political-news/hey-big-spender-howard-the...

The Party that pissed the profits of the mining boom up against the wall with illegal wars, middle-class welfare and baby bonuses - but failed to provide necessary services and infrastructure. No NBN. No NDIS. No carbon pricing. Nothing. Just waste.

You think this is better than the Party that left Australia with one of the lowest levels of debt in the developed world after the greatest global economic downturn since the Great Depression.

ANd BTW: what exactly was wrong with the BEF and the home insulation programmes? Both were very successful. Have you been believing what Alan Jones tells you again!!

$9B actually.

and anyhow, Howard inherited $250B from keating which he paid off.

Quote:

surplus of $22 billion

Quote:

Howard inherited $250B from Keating

Matty turns $14 B into $22 B and LW turns $96B into $250 B The Liberal surplus has consistently got bigger with every historical re write and the Labor Debt has also grown retrospectively???

You can see why these guys blindly support the dishonest Abbott.

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Dnarever

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Re: $19B deficit?....add another $8B to it pls
Reply #36 - Jul 27^th, 2013 at 4:54pm

woof woof wrote on Jul 27^th, 2013 at 4:43pm:

I have to laugh at Buzzitsaroguepollandidi,

Just because ewe are at 30% debt to GDP and are at a lower % than most others doesn't mean we are doing well.

We are just not as fkd as they are, but we're fkd none the less.

Especially considering that the world economy has no impact on Australia and that doing better than everyone else is about as good as you can expect.

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Dnarever

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Re: $19B deficit?....add another $8B to it pls
Reply #37 - Jul 27^th, 2013 at 5:02pm

longweekend58 wrote on Jul 27^th, 2013 at 2:50pm:

Dnarever wrote on Jul 27^th, 2013 at 10:52am:

What do we thing that dropping revenue will do to projected targets ??

And what do we think the budget impact will be from The Liberals over $100 Billion of unfunded spending before considering their unfunded plan to build multiple cities in the far north is considered all occurring with a dwindling income base?

abbott abbott abbott

it's all you ever talk about and is the reason he will be the next PM - because labor is so stupid all they do is talk about

abbott abbott abbott....

You have no answer in other words - well actually you just don't like the answer. I fixed your complaint so can you now have a go at it.

You see what I am saying is very relevant to the topic.

You see we have a negative budget position because of dwindling income with an outcome less than expected, It is not difficult to see what over $100 B of unfunded spending will do to this bottom line in the current situation.

The reason that this is valid to the topic is fairly obvious as the complaint is inferring Labors poor economic credentials and it is easily shown that the alternative is dramatically worse.

Deflecting by saying Abbott abbott abbott is stupid when we have had years of you guys saying Jukiar Juliar Juliar , Crud Crud Crud / Dud Dud Dud etc, carbon tax carbon tax carbon tax.

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rabbitoh07

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Re: $19B deficit?....add another $8B to it pls
Reply #38 - Jul 27^th, 2013 at 5:12pm

longweekend58 wrote on Jul 27^th, 2013 at 4:24pm:

rabbitoh07 wrote on Jul 27^th, 2013 at 4:19pm:

matty wrote on Jul 27^th, 2013 at 12:09am:

People need to realise that only the Coalition can effectively manage economy. Which party was it that repayed the $96 billion of debt they inherited, and left their successors with a surplus of $22 billion, which would then only be wasted on failed schemes like the BER and home insulation disaster?

You mean the party that repayed the $96 billion of debt they inherited - $40billion of which was debt John Howard racked up as Treasurer.

The Party that then went on to be the most wasteful this country has ever seen:

Australia's most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found...

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.
It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

http://www.smh.com.au/federal-politics/political-news/hey-big-spender-howard-the...

The Party that pissed the profits of the mining boom up against the wall with illegal wars, middle-class welfare and baby bonuses - but failed to provide necessary services and infrastructure. No NBN. No NDIS. No carbon pricing. Nothing. Just waste.

You think this is better than the Party that left Australia with one of the lowest levels of debt in the developed world after the greatest global economic downturn since the Great Depression.

ANd BTW: what exactly was wrong with the BEF and the home insulation programmes? Both were very successful. Have you been believing what Alan Jones tells you again!!

$9B actually.

and anyhow, Howard inherited $250B from keating which he paid off.

Wow!!! You do denial so well!!

You could deny for Australia!!!

When John Howard was Treasurer, net Government debt rose at a steady pace, hitting 7.5% of GDP when Fraser lost the 1983 election. In 1996 dollar terms, 7.5% of GDP is around $40 billion which is in fact the real level of net government debt “inherited” by the Hawke Government when it won the 1983 election.
http://www.marketeconomics.com.au/2024-labor-or-liberal-government-debt

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Sprintcyclist

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Re: $19B deficit?....add another $8B to it pls
Reply #39 - Jul 27^th, 2013 at 5:25pm

cods wrote on Jul 27^th, 2013 at 11:08am:

adelcrow wrote on Jul 27^th, 2013 at 8:16am:

John Smith wrote on Jul 27^th, 2013 at 8:12am:

so Abbott will have no problem debating the issue with Rudd then?

He can share his opinions and the benefit of his knowledge.

An economic genius like Tony Abbott shouldn't be afraid of debating a little nerd like Kevin O'Heaven..
Sssoooo..why is Abbott afraid of a debate on the economy?

why on earth would anyone want to debate a psycho.. the man couldnt lie straight in bed...

look at the crap ad he is doing...telling everyone we are heaps better off than everyone else...hahahah..

he forgets we haven t had any hardship like Europe..he forgets export tripled..he forgets we were basically untouched by the GFC..thanks to China.

its a riot...he doesnt mention the magnificent DEBT he has racked up for us...

and the mess of the BOAT PEOPLE... did he tell us how much he has promised PNG... of course not..why because he doesnt know.. its all been cobbled together...

no Tony stay away from him... he can lie and look straight in the camera whilst he does it.. a conman./. one of the best I grant you.

bump

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Modern Classic Right Wing

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Dnarever

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Re: $19B deficit?....add another $8B to it pls
Reply #40 - Jul 27^th, 2013 at 5:27pm

Sprintcyclist wrote on Jul 27^th, 2013 at 5:25pm:

cods wrote on Jul 27^th, 2013 at 11:08am:

adelcrow wrote on Jul 27^th, 2013 at 8:16am:

John Smith wrote on Jul 27^th, 2013 at 8:12am:

so Abbott will have no problem debating the issue with Rudd then?

He can share his opinions and the benefit of his knowledge.

An economic genius like Tony Abbott shouldn't be afraid of debating a little nerd like Kevin O'Heaven..
Sssoooo..why is Abbott afraid of a debate on the economy?

why on earth would anyone want to debate a psycho.. the man couldnt lie straight in bed...

look at the crap ad he is doing...telling everyone we are heaps better off than everyone else...hahahah..

he forgets we haven t had any hardship like Europe..he forgets export tripled..he forgets we were basically untouched by the GFC..thanks to China.

its a riot...he doesnt mention the magnificent DEBT he has racked up for us...

and the mess of the BOAT PEOPLE... did he tell us how much he has promised PNG... of course not..why because he doesnt know.. its all been cobbled together...

no Tony stay away from him... he can lie and look straight in the camera whilst he does it.. a conman./. one of the best I grant you.

bump

Good work spincycle - bumping other peoples spin is a new trick.

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chicken_lipsforme

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Re: $19B deficit?....add another $8B to it pls
Reply #41 - Jul 27^th, 2013 at 5:37pm

adelcrow wrote on Jul 27^th, 2013 at 8:16am:

John Smith wrote on Jul 27^th, 2013 at 8:12am:

so Abbott will have no problem debating the issue with Rudd then?

He can share his opinions and the benefit of his knowledge.

An economic genius like Tony Abbott shouldn't be afraid of debating a little nerd like Kevin O'Heaven..
Sssoooo..why is Abbott afraid of a debate on the economy?

He's not afraid of having a debate with KRudd.
But you cant expect Abbott to waste his time doing so before KRudd has even announced the date of the election.
Debates are always held after an election has been announced.
Never before.
Why has the government gone into election mode before it's been announced?
What happened to 'a time for governing, and a time for electioneering'.
Abbott has better things to do than fit into KRudd's schedule, he's too busy holding Rudd to account for his crap policies for starters.
Why does Labor keep putting the cart before the horse.

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"Another boat, another policy failure from the Howard government"

Julia Gillard
Shadow Health Minister
2003.

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Dnarever

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Re: $19B deficit?....add another $8B to it pls
Reply #42 - Jul 27^th, 2013 at 5:45pm

chicken_lipsforme wrote on Jul 27^th, 2013 at 5:37pm:

adelcrow wrote on Jul 27^th, 2013 at 8:16am:

John Smith wrote on Jul 27^th, 2013 at 8:12am:

so Abbott will have no problem debating the issue with Rudd then?

He can share his opinions and the benefit of his knowledge.

An economic genius like Tony Abbott shouldn't be afraid of debating a little nerd like Kevin O'Heaven..
Sssoooo..why is Abbott afraid of a debate on the economy?

He's not afraid of having a debate with KRudd.
But you cant expect Abbott to waste his time doing so before KRudd has even announced the date of the election.
Debates are always held after an election has been announced.
Never before.
Why has the government gone into election mode before it's been announced?
What happened to 'a time for governing, and a time for electioneering'.
Abbott has better things to do than fit into KRudd's schedule, he's too busy holding Rudd to account for his crap policies for starters.
Why does Labor keep putting the cart before the horse.

Quote:

THE election date may be in limbo but the Liberal Party's campaign is officially under way.

http://www.theaustralian.com.au/national-affairs/election-2013/abbott-and-howard...

Hoist by your own petard

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chicken_lipsforme

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Re: $19B deficit?....add another $8B to it pls
Reply #43 - Jul 27^th, 2013 at 5:48pm

rabbitoh07 wrote on Jul 27^th, 2013 at 4:19pm:

matty wrote on Jul 27^th, 2013 at 12:09am:

People need to realise that only the Coalition can effectively manage economy. Which party was it that repayed the $96 billion of debt they inherited, and left their successors with a surplus of $22 billion, which would then only be wasted on failed schemes like the BER and home insulation disaster?

You mean the party that repayed the $96 billion of debt they inherited - $40billion of which was debt John Howard racked up as Treasurer.

The Party that then went on to be the most wasteful this country has ever seen:

Australia's most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found...

The International Monetary Fund examined 200 years of government financial records across 55 leading economies.
It identifies only two periods of Australian "fiscal profligacy" in recent years, both during John Howard's term in office - in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007.

http://www.smh.com.au/federal-politics/political-news/hey-big-spender-howard-the...

The Party that pissed the profits of the mining boom up against the wall with illegal wars, middle-class welfare and baby bonuses - but failed to provide necessary services and infrastructure. No NBN. No NDIS. No carbon pricing. Nothing. Just waste.

You think this is better than the Party that left Australia with one of the lowest levels of debt in the developed world after the greatest global economic downturn since the Great Depression.

ANd BTW: what exactly was wrong with the BEF and the home insulation programmes? Both were very successful. Have you been believing what Alan Jones tells you again!!

The home insulation program was so very successful the government canned it after over 100 house fires and four deaths.
That's how much of a success it was.
The BER was a success also.
Every school needs an undersized unusable canteen whilst their science labs and other buildings are falling down around there ears.
All those builders that retired after selling the government a $600k hall also can see the value in the program.
The governments lack of consultation existed back then, and it continues today.

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"Another boat, another policy failure from the Howard government"

Julia Gillard
Shadow Health Minister
2003.

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red baron

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Re: $19B deficit?....add another $8B to it pls
Reply #44 - Jul 27^th, 2013 at 5:50pm

rabbit oh 7....The NBN..shouldn't it be finished or nearly? Getting a bit embarrassing that.

Anyhow, by the time it is finished the technology will be out of date; which was always going to be the case.

Wireless technology is taking seven league strides and old copper wire is the stuff of Jurrasic Park.

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