Australian Politics Forum - Goodbye surplus

John Smith

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Re: Goodbye surplus
Reply #30 - Sep 14^th, 2013 at 6:38pm

Innocent bystander wrote on Sep 14^th, 2013 at 6:36pm:

Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:29pm:

Who will be the bravest rightard to berate Hockey for his stimulus spending?

It is a bad thing, isn't it?

I'm waiting.........

You're delirious mate Grin

I agree, only someone delirious would expect Abbotts fan club to criticise government spending now, despite the fact that prior to the election, it was all they could do.

You should know better Pansi. Wink

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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John Smith Gold Member Offline Australian Politics Posts: 75191 Gender:	Re: Goodbye surplus Reply #31 - Sep 14^th, 2013 at 6:39pm Swagman wrote on Sep 14^th, 2013 at 6:36pm: Stimulus spending is fine when it's done by people that know what they're doing not space cadets like comrade Wayne Swan. You're a hypocrite ... you spent at least the last 12 months b1tching about government spending ..... now it's fine
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Ex Dame Pansi

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Re: Goodbye surplus
Reply #32 - Sep 14^th, 2013 at 6:40pm

Swagman wrote on Sep 14^th, 2013 at 6:36pm:

Stimulus spending is fine when it's done by people that know what they're doing not space cadets like comrade Wayne Swan.

Ok, so Liberal debt good, Labor debt bad.

I would have thought interest was interest whoever knocked it up.

The Libs, spending their way out of debt.

SURPLUS! SURPLUS! SURPLUS!

within a minute of reading the article....

DEBT! DEBT! DEBT!

When will you ever think for yourselves, you sheeples.....

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Swagman Gold Member Offline Beware of cheap imitations...... Posts: 15095 Illawarra NSW Gender:	Re: Goodbye surplus Reply #33 - Sep 14^th, 2013 at 6:47pm Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm: Ok, so Liberal debt good, Labor debt bad Stimulus doesn't necessarily mean debt.
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Dnarever Gold Member Offline Australian Politics Posts: 59347 Here Gender:	Re: Goodbye surplus Reply #34 - Sep 14^th, 2013 at 6:54pm Swagman wrote on Sep 14^th, 2013 at 6:47pm: Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm: Ok, so Liberal debt good, Labor debt bad Stimulus doesn't necessarily mean debt. Spending money you don't have ?????? The Libs Good economic management ????? Ho Ho Ho.
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longweekend58

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Re: Goodbye surplus
Reply #35 - Sep 14^th, 2013 at 7:12pm

Vuk11 wrote on Sep 14^th, 2013 at 5:36pm:

One thing people are forgetting about this economic stimulus issue, is they try to follow Keynesian economics. Yet the problem is Keynes recommended, the only negative gearing that would work is to; run up a surplus in the first place, save the surplus, then spend the surplus in debt spending during an economic downturn.

These clowns (including the last clowns and the ones in the US) think they can negatively gear themselves out of debt, rather then the preemptive approach the father of their economics recommends. You have to have the surplus first, in order to properly debt spend on a down turn.

you mean how Howard saved $45B in cash only to have Rudd throw it away in a matter of days?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Vuk11

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Re: Goodbye surplus
Reply #36 - Sep 14^th, 2013 at 7:13pm

longweekend58 wrote on Sep 14^th, 2013 at 7:12pm:

Vuk11 wrote on Sep 14^th, 2013 at 5:36pm:

One thing people are forgetting about this economic stimulus issue, is they try to follow Keynesian economics. Yet the problem is Keynes recommended, the only negative gearing that would work is to; run up a surplus in the first place, save the surplus, then spend the surplus in debt spending during an economic downturn.

These clowns (including the last clowns and the ones in the US) think they can negatively gear themselves out of debt, rather then the preemptive approach the father of their economics recommends. You have to have the surplus first, in order to properly debt spend on a down turn.

you mean how Howard saved $45B in cash only to have Rudd throw it away in a matter of days?

Did he throw it away or did he invest it?
What was it spent on?

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longweekend58

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Re: Goodbye surplus
Reply #37 - Sep 14^th, 2013 at 7:14pm

MOTR wrote on Sep 14^th, 2013 at 5:45pm:

Vuk11 wrote on Sep 14^th, 2013 at 5:36pm:

One thing people are forgetting about this economic stimulus issue, is they try to follow Keynesian economics. Yet the problem is Keynes recommended, the only negative gearing that would work is to; run up a surplus in the first place, save the surplus, then spend the surplus in debt spending during an economic downturn.

These clowns (including the last clowns and the ones in the US) think they can negatively gear themselves out of debt, rather then the preemptive approach the father of their economics recommends. You have to have the surplus first, in order to properly debt spend on a down turn.

Thanks to Keating's economic reforms we had an economy that could deliver surplus after surplus in good economic times. Shame these surpluses were largely squandered and what surplus Costello was able to cobble together was largely dependant on asset sales and running down infrastructure.

a convenient retelling of the history of a man who couldn't produce a surplus but did however produce an unnecessary recession, highest debt ever, highest deficit and highest mortgage interest rates.

Keating did some good things but for goodness sake at least tell the WHOLE story. if he was so good why was he smashed in 1996?

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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perceptions_now

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Re: Goodbye surplus
Reply #38 - Sep 14^th, 2013 at 7:15pm

In normal circumstances, the current OZ Economy would present as a case for a Keynesian Stimulus program, as the Economy is slowly decaying & in need of Growth rejuvenation.

On most occasions, in the modern era, such a Stimulus program would be the correct action to be taken, just as Labor tried to enforce an out for the GFC blues AND on most occasions it would have been & would be, the correct action to take & it would be successful

On this occasion, IT WAS NOT & WILL NOT BE SUCCESSFUL, as the circumstances in the immediate past, now & for the foreseeable, are certainly not normal, far from it! In fact, we now find ourselves, in OZ & Globally, in a unique, once in history set of circumstances.

So, anyone looking for a standard Economic fix, you can forget it, it will not happen.

Budget Deficits will continue & Debt will continue to mount.

The only way of avoiding the worst of the likely outcomes will be to concentrate on increasing Productivity and I would start with one less level of government, that being Local Councils & a complete revue of all government Revenue & Expenditure, starting with the Henry review, BUT again focusing on Productivity!

That is not to say, there will be any easy fix or any return to the old status quo, because it simply can not & will not, happen, because we are too far down the Economic roads, which we started driving down some 70-80 years ago!

Liberal or Labor, won't make much,if any difference and anyone who still thinks so, will change their minds, in the not too distant future.

So, Good Luck, we will need it!

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longweekend58

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Re: Goodbye surplus
Reply #39 - Sep 14^th, 2013 at 7:17pm

Swagman wrote on Sep 14^th, 2013 at 6:47pm:

Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm:

Ok, so Liberal debt good, Labor debt bad

Stimulus doesn't necessarily mean debt.

During the ASian Meltdown - far worse for our region than the GFC - Howard and Costello had stimulus without debt. Saying that you defeated the GFC and it only cost $300B sounds pretty lame compared to that.

And yes, stimulus doesn't necessarily mean more debt. It can actually be the opposite. It is just that Labor has no idea of how to spend less than you earn having only once in history ever achieved that.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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Dnarever

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Re: Goodbye surplus
Reply #40 - Sep 14^th, 2013 at 7:24pm

longweekend58 wrote on Sep 14^th, 2013 at 7:17pm:

Swagman wrote on Sep 14^th, 2013 at 6:47pm:

Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm:

Ok, so Liberal debt good, Labor debt bad

Stimulus doesn't necessarily mean debt.

During the ASian Meltdown - far worse for our region than the GFC - Howard and Costello had stimulus without debt. Saying that you defeated the GFC and it only cost $300B sounds pretty lame compared to that.

And yes, stimulus doesn't necessarily mean more debt. It can actually be the opposite. It is just that Labor has no idea of how to spend less than you earn having only once in history ever achieved that.

During the ASian Meltdown - far worse for our region than the GFC

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Dnarever

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Re: Goodbye surplus
Reply #41 - Sep 14^th, 2013 at 7:26pm

longweekend58 wrote on Sep 14^th, 2013 at 7:17pm:

Swagman wrote on Sep 14^th, 2013 at 6:47pm:

Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm:

Ok, so Liberal debt good, Labor debt bad

Stimulus doesn't necessarily mean debt.

During the ASian Meltdown - far worse for our region than the GFC - Howard and Costello had stimulus without debt. Saying that you defeated the GFC and it only cost $300B sounds pretty lame compared to that.

And yes, stimulus doesn't necessarily mean more debt. It can actually be the opposite. It is just that Labor has no idea of how to spend less than you earn having only once in history ever achieved that.

having only once in history ever achieved that

More BS from the master of just making it up..

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Swagman

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Re: Goodbye surplus
Reply #42 - Sep 14^th, 2013 at 7:28pm

Dnarever wrote on Sep 14^th, 2013 at 6:54pm:

Swagman wrote on Sep 14^th, 2013 at 6:47pm:

Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm:

Ok, so Liberal debt good, Labor debt bad

Stimulus doesn't necessarily mean debt.

Spending money you don't have ??????

The Libs Good economic management ????? Ho Ho Ho.

Who said anything about spending money you don't have?

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John Smith

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Re: Goodbye surplus
Reply #43 - Sep 14^th, 2013 at 7:38pm

Swagman wrote on Sep 14^th, 2013 at 7:28pm:

Dnarever wrote on Sep 14^th, 2013 at 6:54pm:

Swagman wrote on Sep 14^th, 2013 at 6:47pm:

Ex Dame Pansi wrote on Sep 14^th, 2013 at 6:40pm:

Ok, so Liberal debt good, Labor debt bad

Stimulus doesn't necessarily mean debt.

Spending money you don't have ??????

The Libs Good economic management ????? Ho Ho Ho.

Who said anything about spending money you don't have?

the libs ... you've been saying it for the last 3 yrs .... we are in debt .. we have no savings, therefore any money we spend must be borrowed ... if the libs had spare cash, a surplus wouldn't be at least 10 yrs away.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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Sprintcyclist Gold Member Offline OzPolitic Posts: 40773 Gender:	Re: Goodbye surplus Reply #44 - Sep 14^th, 2013 at 7:44pm Swagman wrote on Sep 14^th, 2013 at 6:07pm: I see the Coalition now has won more than 90 seats. more than 90. Reasonable. I had hoped for more.
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