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Question: SPIN or REALITY



« Created by: perceptions_now on: Aug 26th, 2013 at 4:54pm »

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Political SPIN & Reality (Read 27004 times)
perceptions_now
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Re: Political SPIN & Reality
Reply #15 - Aug 26th, 2013 at 12:15pm
 
perceptions_now wrote on Jul 27th, 2013 at 12:43pm:
cods wrote on Jul 27th, 2013 at 7:59am:
perceptions_now wrote on Jul 26th, 2013 at 11:27pm:
No sh!t Sherlock!

Pity is, that you, the Liberals & Labor, NONE OF YOU HAVE AY IDEA OF THE CAUSE, LET ALONE WHAT YOU SHOULD HAVE DONE OVER THE LAST 40-50 YEARS, NOR WHAT YOU SHOULD DO OVER THE NEXT 40-50 YEARS!!!   





hey perc?.... has your life worked out exactly as you planned it 40/50 years ago?????..

I am not sure how anyone plans for "earthquakes".that may or may not happen in their lives.. but you must have done.


Unlike most natural earthquakes, where we mere mortals remain unaware of the quake, until they actually happen or at least very close to the event, this particular Global Economic earthquake has had indicators for about 40-50 years.

Certainly "those in the know", those with access to all the relevant Demographic, Energy Supply/Pricing & Climate factors have either known or should have known quite some time ago.

They ("those in the know OR thought they did") thought -
1) Like Longy, it had not happened before, so it never would!
2) "Something", like the cavalry riding to the rescue, would come along to save this from becoming a reality?
3) Then there were those who deliberately turned the other way, preferring short term rewards for themselves and a select few, at great cost to the long term future of the bulk of the Local & Global  Public!

Whatever our view/s on what worked in the past & there were appropriate times for both Keynesian & Austrian Economic fixes, the reality of the current Global GFC is that neither Keynesian & Austrian Economic fixes will work, as they did previously and nor will the current "money printing" of the likes of Japan & the USA!

In my judgement, the standard Liberal across the board AUS-terity cuts (Austrian fix), which would have worked on most occasions over the last 200 years or so, is now the worst o all options, BUT neither will the Labor Keynesian approach work, although it would stretch the final demise out for a little longer, until Debt finally overwhelms the system.

This time we really will need to change the whole system and everyone will either contribute their fair share or they will all share in a greater amount of Economic pain!

There are now, no easy options, 40-50 years of inappropriate activity by those on both the Left & Right o Politics & those at the top of the tree, have ensured that only difficult options now remain!

Good luck!

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Re: Political SPIN & Reality
Reply #16 - Aug 26th, 2013 at 12:17pm
 
perceptions_now wrote on Jul 27th, 2013 at 3:28pm:
longweekend58 wrote on Jul 27th, 2013 at 2:48pm:
cods wrote on Jul 27th, 2013 at 7:59am:
perceptions_now wrote on Jul 26th, 2013 at 11:27pm:
Maqqa wrote on Jul 26th, 2013 at 10:51pm:
http://au.news.yahoo.com/latest/a/-/latest/18164803/labor-razor-gang-faces-dilem...

The Federal Government is facing a budget dilemma,
with the ABC learning revenues are around $8 billion lower than the May budget predicted.

The Government's razor gang met this morning to debate whether to implement painful budget cuts before the election or delay the return to surplus, currently scheduled for 2016-17.

The budget is in a tough position with the mining tax underperforming and revenue from other taxes also lower than expected.

Treasurer Chris Bowen today said Australia was also facing "dramatic reductions" in its terms of trade, but reaffirmed the intention to return to surplus on schedule.

The Government has got decisions to make on any potential cuts, but insiders insist the easy cuts have all already been made.

One Labor source questioned whether the Government should cause budget pain for the public at a time when Labor is just starting to perform better in the polls.

The Government will release its fiscal update next week, and Treasury will release its own accounting, the pre-election fiscal outlook (PEFO), early in the election campaign.

Earlier Friday, Opposition treasury spokesman Joe Hockey questioned the motives for the release of the Government's fiscal update so close to the PEFO.

"Why is the Government releasing a comprehensive economic statement just a few days before the pre-election fiscal outlook? It is about trying to bully the Treasury into a fixed set of numbers," he said.

Mr Hockey questioned the independence of Treasury by saying the Coalition would not rely on its figures to frame its policy costings because they could not be trusted.

That was despite earlier in the year saying "the only numbers than we can rely on are the PEFO numbers released by the heads of department during the course of the election campaign".

Mr Hockey now says every time the Government publishes budget figures they are "dead-set wrong".

He says the Coalition will instead base its policy costings on figures from the Parliamentary Budget Office, state Coalition governments and independent advisers.

The Treasurer has rejected Mr Hockey's assertions about Treasury's independence.

"It is an insult not to me but to the Treasury and the Department of Finance, and I am sick and tired of the Opposition trashing the reputation of Australia's public servants," Mr Bowen said.

Opposition Leader Tony Abbott has backed his treasury spokesman.

"Joe was making the point that figures from this Government have never turned out to be true; never, never, never starting from their very first budget."


No sh!t Sherlock!

Pity is, that you, the Liberals & Labor, NONE OF YOU HAVE AY IDEA OF THE CAUSE, LET ALONE WHAT YOU SHOULD HAVE DONE OVER THE LAST 40-50 YEARS, NOR WHAT YOU SHOULD DO OVER THE NEXT 40-50 YEARS!!!   





hey perc?.... has your life worked out exactly as you planned it 40/50 years ago?????..

I am not sure how anyone plans for "earthquakes".that may or may not happen in their lives.. but you must have done.


you will also not that Prozac_now never comes up with any solutions - just criticism.  He hates debt and hates spending cuts.  he seems to want it both ways while blaming everyone for everything.

clearly his medication is not working,


You assume too much, as usual! A solution, for everything, there is NOT!

As usual, you statements do not reflect the truth! I have no problem with Debt, Spending Cuts or Economic Stimulation measures, in the appropriate circumstances, of which there have been many, over the years, BUT NONE OF THEM WILL WORK NOW, FOR THE SHORT TO MEDIUM TERM, as the entire system has been destabilised over the last 40-50 years!
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Re: Political SPIN & Reality
Reply #17 - Aug 26th, 2013 at 12:18pm
 
Maqqa wrote on Jul 27th, 2013 at 3:31pm:
It's interesting when bad things happen - perception will blame the LibLab

But perception offers no alternative party that will win the required 70+ seats to form government

When pressed further - it is clear perception is a Labor voter
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Re: Political SPIN & Reality
Reply #18 - Aug 26th, 2013 at 12:20pm
 
perceptions_now wrote on Jul 27th, 2013 at 6:47pm:
longweekend58 wrote on Jul 27th, 2013 at 3:55pm:
perceptions_now wrote on Jul 27th, 2013 at 3:28pm:
longweekend58 wrote on Jul 27th, 2013 at 2:48pm:
cods wrote on Jul 27th, 2013 at 7:59am:
perceptions_now wrote on Jul 26th, 2013 at 11:27pm:
Maqqa wrote on Jul 26th, 2013 at 10:51pm:
http://au.news.yahoo.com/latest/a/-/latest/18164803/labor-razor-gang-faces-dilem...

The Federal Government is facing a budget dilemma,
with the ABC learning revenues are around $8 billion lower than the May budget predicted.

The Government's razor gang met this morning to debate whether to implement painful budget cuts before the election or delay the return to surplus, currently scheduled for 2016-17.

The budget is in a tough position with the mining tax underperforming and revenue from other taxes also lower than expected.

Treasurer Chris Bowen today said Australia was also facing "dramatic reductions" in its terms of trade, but reaffirmed the intention to return to surplus on schedule.

The Government has got decisions to make on any potential cuts, but insiders insist the easy cuts have all already been made.

One Labor source questioned whether the Government should cause budget pain for the public at a time when Labor is just starting to perform better in the polls.

The Government will release its fiscal update next week, and Treasury will release its own accounting, the pre-election fiscal outlook (PEFO), early in the election campaign.

Earlier Friday, Opposition treasury spokesman Joe Hockey questioned the motives for the release of the Government's fiscal update so close to the PEFO.

"Why is the Government releasing a comprehensive economic statement just a few days before the pre-election fiscal outlook? It is about trying to bully the Treasury into a fixed set of numbers," he said.

Mr Hockey questioned the independence of Treasury by saying the Coalition would not rely on its figures to frame its policy costings because they could not be trusted.

That was despite earlier in the year saying "the only numbers than we can rely on are the PEFO numbers released by the heads of department during the course of the election campaign".

Mr Hockey now says every time the Government publishes budget figures they are "dead-set wrong".

He says the Coalition will instead base its policy costings on figures from the Parliamentary Budget Office, state Coalition governments and independent advisers.

The Treasurer has rejected Mr Hockey's assertions about Treasury's independence.

"It is an insult not to me but to the Treasury and the Department of Finance, and I am sick and tired of the Opposition trashing the reputation of Australia's public servants," Mr Bowen said.

Opposition Leader Tony Abbott has backed his treasury spokesman.

"Joe was making the point that figures from this Government have never turned out to be true; never, never, never starting from their very first budget."


No sh!t Sherlock!

Pity is, that you, the Liberals & Labor, NONE OF YOU HAVE AY IDEA OF THE CAUSE, LET ALONE WHAT YOU SHOULD HAVE DONE OVER THE LAST 40-50 YEARS, NOR WHAT YOU SHOULD DO OVER THE NEXT 40-50 YEARS!!!   





hey perc?.... has your life worked out exactly as you planned it 40/50 years ago?????..

I am not sure how anyone plans for "earthquakes".that may or may not happen in their lives.. but you must have done.


you will also not that Prozac_now never comes up with any solutions - just criticism.  He hates debt and hates spending cuts.  he seems to want it both ways while blaming everyone for everything.

clearly his medication is not working,


You assume too much, as usual! A solution, for everything, there is NOT!

As usual, you statements do not reflect the truth! I have no problem with Debt, Spending Cuts or Economic Stimulation measures, in the appropriate circumstances, of which there have been many, over the years, BUT NONE OF THEM WILL WORK NOW, FOR THE SHORT TO MEDIUM TERM, as the entire system has been destabilised over the last 40-50 years!


so in short, you are saying that you have no answers or solutions.  WHICH WAS EXACTLY WHAT I SAID, oh depressed one.


As usual, your statement is incorrect!

You said that, I never comes up with any solutions.

What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all! 


Btw, which of the following options, per my following post, do you think primarily fit you OR is it simply all of them?

They ("those in the know OR thought they did") thought -
1) Like Longy, it had not happened before, so it never would!
2) "Something", like the cavalry riding to the rescue, would come along to save this from becoming a reality?
3) Then there were those who deliberately turned the other way, preferring short term rewards for themselves and a select few, at great cost to the long term future of the bulk of the Local & Global  Public!

http://www.ozpolitic.com/forum/YaBB.pl?num=1374843119/16#16
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Re: Political SPIN & Reality
Reply #19 - Aug 26th, 2013 at 12:22pm
 
perceptions_now wrote on Jul 27th, 2013 at 6:56pm:
Maqqa wrote on Jul 27th, 2013 at 3:31pm:
It's interesting when bad things happen - perception will blame the LibLab

But perception offers no alternative party that will win the required 70+ seats to form government

When pressed further - it is clear perception is a Labor voter


As usual Maqqa, you are incorrect!

On voting record I said many times, I have voted Liberal, Labor & candle stick maker, depending on the circumstances.

As for recommending an alternative, Why would I offer any Political Party, in the current circumstances, as NONE ARE CAPABLE OF FIXING THAT WHICH TOOK LABOR & THE LIBERALS SOME 40-50 YEARS OF STUPIDITY & GREED!

And yes, I largely blame the Lib/Labs, their short-termism, their dis-regard of reality & their cow-tailing to vested interests!
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Re: Political SPIN & Reality
Reply #20 - Aug 26th, 2013 at 12:26pm
 
longweekend58 wrote on Jul 28th, 2013 at 3:40pm:
perceptions_now wrote on Jul 28th, 2013 at 3:28pm:
perceptions_now wrote on Jul 27th, 2013 at 7:13pm:
longweekend58 wrote on Jul 27th, 2013 at 6:58pm:
perceptions_now wrote on Jul 27th, 2013 at 6:47pm:
longweekend58 wrote on Jul 27th, 2013 at 3:55pm:
perceptions_now wrote on Jul 27th, 2013 at 3:28pm:
longweekend58 wrote on Jul 27th, 2013 at 2:48pm:
cods wrote on Jul 27th, 2013 at 7:59am:
hey perc?.... has your life worked out exactly as you planned it 40/50 years ago?????..

I am not sure how anyone plans for "earthquakes".that may or may not happen in their lives.. but you must have done.


you will also not that Prozac_now never comes up with any solutions - just criticism.  He hates debt and hates spending cuts.  he seems to want it both ways while blaming everyone for everything.

clearly his medication is not working,


You assume too much, as usual! A solution, for everything, there is NOT!

As usual, you statements do not reflect the truth! I have no problem with Debt, Spending Cuts or Economic Stimulation measures, in the appropriate circumstances, of which there have been many, over the years, BUT NONE OF THEM WILL WORK NOW, FOR THE SHORT TO MEDIUM TERM, as the entire system has been destabilised over the last 40-50 years!


so in short, you are saying that you have no answers or solutions.  WHICH WAS EXACTLY WHAT I SAID, oh depressed one.


As usual, your statement is incorrect!

You said that, I never comes up with any solutions.

What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all! 


Btw, which of the following options, per my following post, do you think primarily fit you OR is it simply all of them?

They ("those in the know OR thought they did") thought -
1) Like Longy, it had not happened before, so it never would!
2) "Something", like the cavalry riding to the rescue, would come along to save this from becoming a reality?
3) Then there were those who deliberately turned the other way, preferring short term rewards for themselves and a select few, at great cost to the long term future of the bulk of the Local & Global  Public!

http://www.ozpolitic.com/forum/YaBB.pl?num=1374843119/16#16


you certainly are a weirdo, Prozac_now.  I say you have never provided solutions and your protesting reply includes... NOT ONE SOLUTION.  has it ever occurred to you that you could skewer  my comments by simply providing those self-same solutions?

you talk and talk ad nauseum, criticising anyone and everyone for their economic policies and promises and yet not once, do you ever offer an alternative.  That's lame enough on its own but when you say that you HAVE but never post them... you look like a weirdo.


Did you ever learn how to read Longy, I said -
"What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all!" 

Did you ever learn how to read Longy, I said -
"What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all!"

You really do have some serious lack of capacities, in a number of areas!


How's your education going Longy?
Have you learned about the 3R's yet?
You know - Reading, Riting & Rithmetic?
Well, at least, you got a chance with the Riting, after all you are on the Rite side of politics?



all you ever is 'gah! we are all going to die' and then say there are no solutions.  Of what value do you think you are to anyone?  You are the same bozo saying we would run out of oil in 1985 and even worse... still say so.
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Re: Political SPIN & Reality
Reply #21 - Aug 26th, 2013 at 12:28pm
 
perceptions_now wrote on Jul 28th, 2013 at 11:13pm:
longweekend58 wrote on Jul 28th, 2013 at 3:40pm:
perceptions_now wrote on Jul 28th, 2013 at 3:28pm:
perceptions_now wrote on Jul 27th, 2013 at 7:13pm:
longweekend58 wrote on Jul 27th, 2013 at 6:58pm:
perceptions_now wrote on Jul 27th, 2013 at 6:47pm:
longweekend58 wrote on Jul 27th, 2013 at 3:55pm:
perceptions_now wrote on Jul 27th, 2013 at 3:28pm:
longweekend58 wrote on Jul 27th, 2013 at 2:48pm:
cods wrote on Jul 27th, 2013 at 7:59am:
hey perc?.... has your life worked out exactly as you planned it 40/50 years ago?????..

I am not sure how anyone plans for "earthquakes".that may or may not happen in their lives.. but you must have done.


you will also not that Prozac_now never comes up with any solutions - just criticism.  He hates debt and hates spending cuts.  he seems to want it both ways while blaming everyone for everything.

clearly his medication is not working,


You assume too much, as usual! A solution, for everything, there is NOT!

As usual, you statements do not reflect the truth! I have no problem with Debt, Spending Cuts or Economic Stimulation measures, in the appropriate circumstances, of which there have been many, over the years, BUT NONE OF THEM WILL WORK NOW, FOR THE SHORT TO MEDIUM TERM, as the entire system has been destabilised over the last 40-50 years!


so in short, you are saying that you have no answers or solutions.  WHICH WAS EXACTLY WHAT I SAID, oh depressed one.


As usual, your statement is incorrect!

You said that, I never comes up with any solutions.

What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all! 


Btw, which of the following options, per my following post, do you think primarily fit you OR is it simply all of them?

They ("those in the know OR thought they did") thought -
1) Like Longy, it had not happened before, so it never would!
2) "Something", like the cavalry riding to the rescue, would come along to save this from becoming a reality?
3) Then there were those who deliberately turned the other way, preferring short term rewards for themselves and a select few, at great cost to the long term future of the bulk of the Local & Global  Public!

http://www.ozpolitic.com/forum/YaBB.pl?num=1374843119/16#16


you certainly are a weirdo, Prozac_now.  I say you have never provided solutions and your protesting reply includes... NOT ONE SOLUTION.  has it ever occurred to you that you could skewer  my comments by simply providing those self-same solutions?

you talk and talk ad nauseum, criticising anyone and everyone for their economic policies and promises and yet not once, do you ever offer an alternative.  That's lame enough on its own but when you say that you HAVE but never post them... you look like a weirdo.


Did you ever learn how to read Longy, I said -
"What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all!" 

Did you ever learn how to read Longy, I said -
"What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all!"

You really do have some serious lack of capacities, in a number of areas!


How's your education going Longy?
Have you learned about the 3R's yet?
You know - Reading, Riting & Rithmetic?
Well, at least, you got a chance with the Riting, after all you are on the Rite side of politics?



all you ever is 'gah! we are all going to die'
and then say there are no solutions. Of what value do you think you are to anyone? 
You are the same bozo saying we would run out of oil in 1985 and even worse... still say so.


As usual Longy, YOU ARE INCORRECT!
I have never said, we are all going to die, IT IS YOU WHO JUST SAID THAT!
Also, I never said, we were going to run out of oil in 1985, BUT yes, we certainly will run out at some stage, AS OIL IS MOST DEINITELY A FINITE RESOURCE, don't you know! 


And, as for solutions, apparently you still, continue to fail the 4R's -
Reading
wRiting
aRithmetic
& compRehension
So, I say again -
"What I  said is that, there is not necessarily a solution for everything & in this instance there is no solution, which would restore the "status quo", in either the short or medium term and certainly not without a great deal of shared pain for all!" 

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Re: Political SPIN & Reality
Reply #22 - Aug 26th, 2013 at 12:32pm
 
perceptions_now wrote on Aug 1st, 2013 at 1:44pm:
I would suggest that a few questions need to be asked -
1) Why is the RBA forcing down interest rates & what is their aim in doing so?
2) Why is the RBA, forcing down the OZ$ exchange rate & what is their aim in doing so?
AND, why are the labor  & the Liberal party's happy for this to be happening?

Those questions put, I will provide the following links to interest rates here in OZ, in Japan, in the Eurozone & in the USA.
http://www.tradingeconomics.com/australia/interest-rate
http://www.tradingeconomics.com/japan/interest-rate
http://www.tradingeconomics.com/euro-area/interest-rate
http://www.tradingeconomics.com/united-states/interest-rate

Let me also provide a link to the last 5 years of the US$index -
http://www.marketwatch.com/investing/index/dxy

I should observe that what the RBA are now doing with lowering interest rates has been a standard Central Bank measure and has often been employed in the past to provoke greater Economic activity, particularly in the Housing area AND it has usually been successful, both in OZ & elsewhere around the world.

I should also note that the OZ$ Vs the US$, has had ups & downs and is not by itself indicative of a measure to fix our Economic ills!
http://www.news.com.au/business/australian-dollar

Finally, or all those who think that lower interests rates will fix everything or at least most things, I suggest you look at what have been effectively zero rates in Japan since 1995, in the Eurozone since 2009 & in the USA since 2009, with effectively no Economic gains anywhere, including their housing sectors.

In closing, I will make the observation that, the reasoning behind the RBA's moves will not work any better here, than similar moves elsewhere, END OF STORY!
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Re: Political SPIN & Reality
Reply #23 - Aug 26th, 2013 at 12:33pm
 
perceptions_now wrote on Aug 1st, 2013 at 1:46pm:
perceptions_now wrote on Aug 1st, 2013 at 1:44pm:
I would suggest that a few questions need to be asked -
1) Why is the RBA forcing down interest rates & what is their aim in doing so?
2) Why is the RBA, forcing down the OZ$ exchange rate & what is their aim in doing so?
AND, why are the labor  & the Liberal party's happy for this to be happening?

Those questions put, I will provide the following links to interest rates here in OZ, in Japan, in the Eurozone & in the USA.
http://www.tradingeconomics.com/australia/interest-rate
http://www.tradingeconomics.com/japan/interest-rate
http://www.tradingeconomics.com/euro-area/interest-rate
http://www.tradingeconomics.com/united-states/interest-rate

Let me also provide a link to the last 5 years of the US$index -
http://www.marketwatch.com/investing/index/dxy

I should observe that what the RBA are now doing with lowering interest rates has been a standard Central Bank measure and has often been employed in the past to provoke greater Economic activity, particularly in the Housing area AND it has usually been successful, both in OZ & elsewhere around the world.

I should also note that the OZ$ Vs the US$, has had ups & downs and is not by itself indicative of a measure to fix our Economic ills!
http://www.news.com.au/business/australian-dollar

Finally, or all those who think that lower interests rates will fix everything or at least most things, I suggest you look at what have been effectively zero rates in Japan since 1995, in the Eurozone since 2009 & in the USA since 2009, with effectively no Economic gains anywhere, including their housing sectors.

In closing, I will make the observation that, the reasoning behind the RBA's moves will not work any better here, than similar moves elsewhere, END OF STORY!


PS - it would be nice if you'all could converse with each other, without it degenerating!
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Re: Political SPIN & Reality
Reply #24 - Aug 26th, 2013 at 12:39pm
 
longweekend58 wrote on Aug 14th, 2013 at 12:18pm:
To quote Alan Kohler...

"Australian national government is currently running at a $30 billion loss because the average annual growth in revenue fell from 7.4 per cent in the decade to 2007 to 4 per cent over the following six years, while spending growth kicked up from an average of 6.2 to 8 per cent a year."

The drop in revenue excuse is false.  The rate of increase in Revenue has slowed but only to the extent that it is lower than the time of the mining boom.  Responsible govt would have factored in reduced revenue.  Treasury were stupid enough to continue to predict pre-GFC revenues to continue but a clever Treasurer would have known to downgrade their estimates.  But in an environment of reducing revenues what does Labor do?  Increase the rate of spending growth by 20%.

the fundamental problem with Labors budget is simple: bad forecasting, too much spending.
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Re: Political SPIN & Reality
Reply #25 - Aug 26th, 2013 at 12:41pm
 
True Colours wrote on Aug 14th, 2013 at 2:07pm:
Many economists will tell you that there are times when governments should run deficits.

In light of the GFC, and the subsequent end to the resources boom, the economy needs the government to run a surplus.

Australia has done fairly well under Labor in a difficult global environment:

OECD Public Debt 2012

http://www.factsfightback.org.au/wp-content/uploads/2013/06/banner-750x380-debt-...

...
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Re: Political SPIN & Reality
Reply #26 - Aug 26th, 2013 at 12:42pm
 
perceptions_now wrote on Aug 14th, 2013 at 10:19pm:
True Colours wrote on Aug 14th, 2013 at 2:07pm:
Many economists will tell you that there are times when governments should run deficits.

In light of the GFC, and the subsequent end to the resources boom, the economy needs the government to run a surplus.

Australia has done fairly well under Labor in a difficult global environment:

OECD Public Debt 2012

http://www.factsfightback.org.au/wp-content/uploads/2013/06/banner-750x380-debt-...


It says quite a bit about Longy's argument that he won't/can't answer the logic of such a simple & accurate statement, instead he does a Maqqa & avoids the real substantive discussions!

The fact is that in the Real world, Economics has had a time & a place for both Deficits, Stimilus & much more.

Normally, in modern Economics, it is a complicated world, it is certainly not as simple as "you must always run at a Budget Surplus".

But now, it is even more complicated than usual, because now  there are 3 unique factors influencing events & even the Economic standards used by Austrian & Keynesian Economics are now likely to fail!

Not that Longy &/or Maqqa have idea about what is happening, but they are in good company, because neither does the Liberal or Labor party's!

When it comes to current Economics both Longy & Maqqa, truly have NFI!!!
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Re: Political SPIN & Reality
Reply #27 - Aug 26th, 2013 at 12:44pm
 
perceptions_now wrote on Aug 15th, 2013 at 11:46am:
Dsmithy70 wrote on Aug 15th, 2013 at 8:40am:
longweekend58 wrote on Aug 14th, 2013 at 5:00pm:
Dsmithy70 wrote on Aug 14th, 2013 at 1:40pm:
longweekend58 wrote on Aug 14th, 2013 at 1:29pm:
and you want to give this vacuous hole your vote???



No I do not

I wanted to vote for Gillard

Someone who truly gave a sh!t about Australia, not just Corporate Australia.

Frankly if I'm honest my ballot will read bugger you, & I'll vote Pirate Party in the Senate just to niggle you Wink


On the assumption that you are male I question how you think Gillard cared about you?  Towards the end she made it very clear that she hates men and will promote women above men at any opportunity.  I think you are one of the very few with a penis that thinks Gillard was governing for them.  Vote pirate party if you want.  It will end up with Labor anyhow.


Possibly the weakest & most stupid argument I've seen you post.
But the party officials must think it gets traction.
May well do with idiots.

Does NDIS only apply to women?
Does "Better Schools" as Rudds renamed it to take credit only apply to daughters?

You will NEVER see policies like the above ever again from either side, social policies designed with making a better quality of life at the fore front instead of turning a profit.


Oh, I wouldn't go that far, I've seen Longy say some VERY stupid things!

He even seems to "think" that governments must always be in Surplus, contrary to most Economists & the vast reality of history, which says that isn't so!

Then, he refuses to discuss this or any other issue, where someone makes sense AND disagrees with Longy, HEAVEN FORBID!

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perceptions_now
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Re: Political SPIN & Reality
Reply #28 - Aug 26th, 2013 at 12:47pm
 
perceptions_now wrote on Aug 15th, 2013 at 6:39pm:
longweekend58 wrote on Aug 15th, 2013 at 5:29pm:
perceptions_now wrote on Aug 15th, 2013 at 5:26pm:
perceptions_now wrote on Aug 14th, 2013 at 10:19pm:
True Colours wrote on Aug 14th, 2013 at 2:07pm:
Many economists will tell you that there are times when governments should run deficits.

In light of the GFC, and the subsequent end to the resources boom, the economy needs the government to run a surplus.

Australia has done fairly well under Labor in a difficult global environment:

OECD Public Debt 2012

http://www.factsfightback.org.au/wp-content/uploads/2013/06/banner-750x380-debt-...


It says quite a bit about Longy's argument that he won't/can't answer the logic of such a simple & accurate statement, instead he does a Maqqa & avoids the real substantive discussions!

The fact is that in the Real world, Economics has had a time & a place for both Deficits, Stimilus & much more.

Normally, in modern Economics, it is a complicated world, it is certainly not as simple as "you must always run at a Budget Surplus".

But now, it is even more complicated than usual, because now  there are 3 unique factors influencing events & even the Economic standards used by Austrian & Keynesian Economics are now likely to fail!

Not that Longy &/or Maqqa have idea about what is happening, but they are in good company, because neither does the Liberal or Labor party's!

When it comes to current Economics both Longy & Maqqa, truly have NFI!!!


As I have said previously, Longy &  Maqqa are both into SPIN, BUT both avoid the real substantive discussions, particularly on -
1) Global Economics & how that affects OZ!
2) The current, major drivers of Local & Global Economics and how they affect OZ!
3) The REALITIES of Economics in general, including how & why Austrian & Keynesian Economics have combined together in the past.
Why? Because both truly have NFI, when it comes to the Realities of Global &or Local Economics!



and while you endlessly wank on about such facts as running out of oil in 1985 your only commentary is to criticise and then offer zero solutions beyond voting out every Mp every time.


As usual, YOU ARE INCORRECT!
You fail miserably, because you incessantly fail the 4R's!

Oh, but you MAY be improving, "just a tiny bit", because you have picked up "my vote out every incumbent edict", as that may be the only way of getting the establishments attention!

Oh & btw, you still haven't answered any of the REAL & SUBSTANTIVE Economic issues, BUT that's not unusual, because you have NFI what is actually happening! 

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perceptions_now
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Re: Political SPIN & Reality
Reply #29 - Aug 26th, 2013 at 12:49pm
 
perceptions_now wrote on Aug 15th, 2013 at 7:07pm:
longweekend58 wrote on Aug 15th, 2013 at 6:47pm:
perceptions_now wrote on Aug 15th, 2013 at 6:39pm:
longweekend58 wrote on Aug 15th, 2013 at 5:29pm:
perceptions_now wrote on Aug 15th, 2013 at 5:26pm:
perceptions_now wrote on Aug 14th, 2013 at 10:19pm:
True Colours wrote on Aug 14th, 2013 at 2:07pm:
Many economists will tell you that there are times when governments should run deficits.

In light of the GFC, and the subsequent end to the resources boom, the economy needs the government to run a surplus.

Australia has done fairly well under Labor in a difficult global environment:

OECD Public Debt 2012

http://www.factsfightback.org.au/wp-content/uploads/2013/06/banner-750x380-debt-...


It says quite a bit about Longy's argument that he won't/can't answer the logic of such a simple & accurate statement, instead he does a Maqqa & avoids the real substantive discussions!

The fact is that in the Real world, Economics has had a time & a place for both Deficits, Stimilus & much more.

Normally, in modern Economics, it is a complicated world, it is certainly not as simple as "you must always run at a Budget Surplus".

But now, it is even more complicated than usual, because now  there are 3 unique factors influencing events & even the Economic standards used by Austrian & Keynesian Economics are now likely to fail!

Not that Longy &/or Maqqa have idea about what is happening, but they are in good company, because neither does the Liberal or Labor party's!

When it comes to current Economics both Longy & Maqqa, truly have NFI!!!


As I have said previously, Longy &  Maqqa are both into SPIN, BUT both avoid the real substantive discussions, particularly on -
1) Global Economics & how that affects OZ!
2) The current, major drivers of Local & Global Economics and how they affect OZ!
3) The REALITIES of Economics in general, including how & why Austrian & Keynesian Economics have combined together in the past.
Why? Because both truly have NFI, when it comes to the Realities of Global &or Local Economics!



and while you endlessly wank on about such facts as running out of oil in 1985 your only commentary is to criticise and then offer zero solutions beyond voting out every Mp every time.


As usual, YOU ARE INCORRECT!
You fail miserably, because you incessantly fail the 4R's!

Oh, but you MAY be improving, "just a tiny bit", because you have picked up "my vote out every incumbent edict", as that may be the only way of getting the establishments attention!

Oh & btw, you still haven't answered any of the REAL & SUBSTANTIVE Economic issues, BUT that's not unusual, because you have NFI what is actually happening! 




And where are your ideas?? oh of course... you don't have any beyond this idiotic notion that cabinet should be composed entirely of people who a month ago were teachers, gardeners and union reps.  No experience in parliament itself nevermind managing the largest corporation in the country.

so why not actually give us your IDEAS instead of your antiquated and contractirory garbage.


I have frequently & repeatedly put my ideas in writing, following are some examples -
http://www.ozpolitic.com/forum/YaBB.pl?num=1375798381/42#42
http://www.ozpolitic.com/forum/YaBB.pl?num=1376185892/all
http://www.ozpolitic.com/forum/YaBB.pl?num=1376351268/7#7

You may have read them & more, but it wouldn't make much difference, your 4R's a just not that flash!


Oh & as I have said many times, the re-instating of the status quo (that you are wanting) simply isn't about to happen!
This time, everyone will have to bear their fair share of the pain, because Pollies (of all description) got it so wrong, over the last 50-60 years!!
However, I have no doubt there will be too many others, like you, who will try to avoid their fair share of the pain, so our problems will be deeper & last longer than they should!!!



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