Australian Politics Forum - Is Debt Out Of Control In Australia.

corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: Is Debt Out Of Control In Australia. Reply #30 - Aug 17^th, 2013 at 11:44pm Capitalists exploit child labor for profit...no Communist society would ever allow children to be used like that...
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Sir Spot of Borg Gold Member Offline WE ARE BORG Posts: 26513 Australia	Re: Is Debt Out Of Control In Australia. Reply #31 - Aug 18^th, 2013 at 6:42am Maqqa wrote on Aug 17^th, 2013 at 2:56pm: Debt under LIBs = ZERO Debt under ALP = $300B How many public facilities (health education etc) under ALP and LIB? SOB
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Sir Spot of Borg

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Re: Is Debt Out Of Control In Australia.
Reply #32 - Aug 18^th, 2013 at 6:44am

longweekend58 wrote on Aug 17^th, 2013 at 3:52pm:

And it is yet again the AGE Newspaper with its pro-ALP reporting. Where are the Laborites condemning this bias and threatening them with legislative revenge.

But as Maqq has rightly said the debt is still huge. And what is not reported (conveniently) is that Australia's RATE OF INCREASE in debt is the third largest in the world.

The AGE is not pro alp. Its slightly less malicious towards the alp than the murdoch rags so you in your extremeness think its pro alp.

SOB

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Sir Spot of Borg

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Re: Is Debt Out Of Control In Australia.
Reply #33 - Aug 18^th, 2013 at 6:49am

Innocent bystander wrote on Aug 17^th, 2013 at 8:03pm:

You need to understand idiotic lefty logic here, the idiot lefty looks at his neighbour who owns his own house and has no debt and thinks what a fool, why don't you borrow money on your credit card and spend it all on useless sh#t that you don't need. Grin

So nothing to say on the topic here?

SOB

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cods

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Re: Is Debt Out Of Control In Australia.
Reply #34 - Aug 18^th, 2013 at 6:52am

Sir Spot of Borg wrote on Aug 18^th, 2013 at 6:42am:

Maqqa wrote on Aug 17^th, 2013 at 2:56pm:

Debt under LIBs = ZERO

Debt under ALP = $300B

How many public facilities (health education etc) under ALP and LIB?

SOB

I trust you are not thinking about BER...shades cloth and unwanted libraries....or pinkbatts....or green loans...or fuel watch....I think we are still paying for all them...

I bet your thinking gonski.ndis.lol... both of which are supported by the STates...and wouldnt get off the ground if they hadnt been...neither of which do we know where the Fed money is coming from....surely not the mining tax????? Roll Eyes

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cods

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Re: Is Debt Out Of Control In Australia.
Reply #35 - Aug 18^th, 2013 at 6:56am

Sir Spot of Borg wrote on Aug 18^th, 2013 at 6:44am:

longweekend58 wrote on Aug 17^th, 2013 at 3:52pm:

And it is yet again the AGE Newspaper with its pro-ALP reporting. Where are the Laborites condemning this bias and threatening them with legislative revenge.

But as Maqq has rightly said the debt is still huge. And what is not reported (conveniently) is that Australia's RATE OF INCREASE in debt is the third largest in the world.

The AGE is not pro alp. Its slightly less malicious towards the alp than the murdoch rags so you in your extremeness think its pro alp.

SOB

well it sure as heck doesnt sound like you read it..

you must have forgotten gillards pure hatred of the media so much so she got two journos the sack...but kept Fairfax on side and gave them all the headlines ahead of News Ltd...lol..

in fact it was only the nice journos from the parliamentary press that got invited to her hastily organised door stops.... Roll Eyes

just because you dont like whats printed doesnt mean its all lies.

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bambu Gold Member Offline Australian Politics Posts: 1084 Gender:	Re: Is Debt Out Of Control In Australia. Reply #36 - Aug 18^th, 2013 at 8:53am Is Debt Out Of Control In Australia? ##### Yes! Both govt and personal debt are out of control.
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RightSadFred

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Re: Is Debt Out Of Control In Australia.
Reply #37 - Aug 18^th, 2013 at 9:15am

cods

Yes Gillard had a very odd way of getting people offside in the media, you could see her fury when she was asked a question she did not like or was not on some list ......... she has this odd theory that you can robotically control the media which is odd for a left wing twit bags who believe in freedom of the press, its the usual left wing hypocrisy on display.

She was the least engaging MP I have ever seen, when she tals to people she spits and hisses at them like a viper.

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perceptions_now

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Re: Is Debt Out Of Control In Australia.
Reply #38 - Aug 18^th, 2013 at 2:09pm

perceptions_now wrote on Aug 17^th, 2013 at 10:59pm:

No, IF we want a future for ourselves, our children & our children's children, then we will have to start making some really tough decisions & we will have to start NOW!

We will need -
A complete review of Government Taxes, Expenditure and all government Policies.
Specific Tax increases & lower Expenditure & an emphasis on Productivity.
Co-operation across all Political parties, for the longer term benefit of all Australians.
AND, all of the above, will also need to take place Globally.

Can this & much more be done? The answer is YES!
Will it be done? On that, the realist in me, is nowhere near as confident AND the flow on effects from the Demographic & Energy factors, will place Growth in particular extremely difficult and return to past Economics absolutely impossible!

In any event, knowledge is everything and at least if you are armed with what is really going on, then your chances are better of getting better outcomes.

So, NO DISAGREEMENT from the usual suspects, I take it therefore that they agree with the above & the rest of what I said in my post!

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corporate_whitey Gold Member Offline Australian Politics Posts: 8896 Archivist	Re: Is Debt Out Of Control In Australia. Reply #39 - Aug 18^th, 2013 at 2:20pm Capitalism is based on mindless production and consumption...it is chaotic, unscientific and unplanned...what more can you expect from it but failure...
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greggerypeccary

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Re: Is Debt Out Of Control In Australia.
Reply #40 - Aug 18^th, 2013 at 2:40pm

Maqqa wrote on Aug 17^th, 2013 at 2:56pm:

Debt under LIBs = ZERO

Debt under ALP = $300B

Yes, however, you're avoiding the focus of this thread:

"Is Debt Out Of Control In Australia?" Simple answer: No.

Is it more now than under the Libs? Yes. Absolutely. Nobody is going to argue with you over that Maqqa.

However, is it out of control? No.

Before you enter a thread, you really should pay more attention to what it's actually about.

Cheers.

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buzzanddidj Gold Member Offline Australian Politics Posts: 14213 Eganstown, via Daylesford, VIC Gender:	Re: Is Debt Out Of Control In Australia. Reply #41 - Aug 18^th, 2013 at 3:31pm *The Truth-O-Meter Says:* Julie Bishop says national government debt has *"gone from zero to heading towards $400 billion".* ( ... Julie Bishop on Thursday, May 23, 2013 in ABC radio interview) http://www.politifact.com.au/truth-o-meter/statements/2013/may/24/julie-bishop/j...
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Andrei.Hicks

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Re: Is Debt Out Of Control In Australia.
Reply #42 - Aug 18^th, 2013 at 3:57pm

Facts (provided by the Australian Treasury)

1. Gross debt in Australia has increased by 350% in the 6 years of ALP Government.
2. The projected surplus of A$1.5bn for 2013 blew out to be A30.1bn deficit.
3. The performance of the Government in its second term to its forecasts amounted to misses of A$109bn.
4. Business confidence in Australia had hit a low of 8 months following the write downs of its projected forecasts in Aug 2013.

5. The gross debt of Australia in 2007 delivered by the outgoing Howard Government was $58,284,000,000.
The debt at June 2013 is A$264,976,000,000.
An increase of A$206.7bn.....

Facts.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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red baron Gold Member Offline Australian Politics Posts: 10204 Blue Mountains Gender:	Re: Is Debt Out Of Control In Australia. Reply #43 - Aug 18^th, 2013 at 4:28pm The only Surplus you ever see from a Labor Government is a surplus of policies..Rudd running around the Country making them..whilst his Central Office says..What the f....k?
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Maqqa

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14% - that low?!

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Re: Is Debt Out Of Control In Australia.
Reply #44 - Aug 18^th, 2013 at 4:33pm

Andrei.Hicks wrote on Aug 18^th, 2013 at 3:57pm:

Facts (provided by the Australian Treasury)

1. Gross debt in Australia has increased by 350% in the 6 years of ALP Government.
2. The projected surplus of A$1.5bn for 2013 blew out to be A30.1bn deficit.
3. The performance of the Government in its second term to its forecasts amounted to misses of A$109bn.
4. Business confidence in Australia had hit a low of 8 months following the write downs of its projected forecasts in Aug 2013.

5. The gross debt of Australia in 2007 delivered by the outgoing Howard Government was $58,284,000,000.
The debt at June 2013 is A$264,976,000,000.
An increase of A$206.7bn.....

Facts.

Facts are andrei

Lefties will continue to justify the $300B debt - the reason is they can't bring themselves to admit Labor wasted alot of money

So they will take the $300B and compare it against worse scenarios to make themselves feel good

In one breathe they accused Howard of massive waste - yet the last revenue figure in 2007 was $274B and we were running surpluses

Revenue under Labor is now $356B and they've run 6 deficits yet there's little to show for it

PN is trying to allocate any bad qualities across "all governments" but if there's something good - then it's the Labor Party!!!

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Poll
Question: Has Labor borrowed too much?
Yes No « Created by: Armchair_Politician on: Aug 20^th, 2013 at 8:58am »