Australian Politics Forum - Goodbye surplus

Ex Dame Pansi

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Re: Goodbye surplus
Reply #60 - Sep 15^th, 2013 at 9:57am

John Smith wrote on Sep 15^th, 2013 at 9:31am:

BUT WHAT ABOUT THE BIG BAD DEBT?

you were all worried your grandkids would still be paying off the debt, now that their grandkids will be paying it off it doesn't matter?

This is the big good debt.

The debt you have under a Liberal government.

It will also be the good carbon tax.

If it's for hospitals or roads, maybe our great grandkids won't mind paying it back, however, Howard would never approve of that. Functioning hospitals for the masses.....no way! let them die!

Let's see.

The really funny part of this, is that Murdoch, macca, cods and longy (and his five fingers) are totally ignoring it.

There's spending and there's spending red baron, but there's only one type of borrowing, the type that comes with massive interest attached. The type that will take generations to pay back....the type you people detested.....until yesterday.

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andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Goodbye surplus Reply #61 - Sep 15^th, 2013 at 10:55am Considering the fact that Fraser and his dimwitted Treasurer Howard had a far bigger debt than Gough Whitlam the Libs obviously think that debt is ok as long as its them f@cking up the economy and not Labor
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Kat

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Re: Goodbye surplus
Reply #62 - Sep 15^th, 2013 at 11:38am

adelcrow wrote on Sep 15^th, 2013 at 10:55am:

Considering the fact that Fraser and his dimwitted Treasurer Howard had a far bigger debt than Gough Whitlam the Libs obviously think that debt is ok as long as its them f@cking up the economy and not Labor Grin

That seems to be the size of it.

Bear in mind, also, that Whitlam delivered huge reforms, and there were jobs to be had for the taking.

Under Fraser/Howard, NOTHING was done but a concerted effort to unwind ALL of Whitlam's reforms, wreck the
economy, drive millions onto the dole then demonise them, create double-digit inflation and interest-rates and
then have the unmitigated gall to blame Whitlam for their mistakes, and the unemployed for being unemployed.

Howard/Costcutto did likewise with the Hawke/Keating reforms, and once again created and demonised a cadre
of unemployed to sink the boot into, and to divert from the real issues.

I can see these clowns doing EXACTLY the same thing. Except probably more-so as Abbott is nakedly vindictive.

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Goodbye surplus Reply #63 - Sep 15^th, 2013 at 1:41pm Watch the debt clock today $4,688,823,540 trillion (and counting) http://www.australiandebtclock.com.au/
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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Goodbye surplus Reply #64 - Sep 15^th, 2013 at 6:35pm How much is Joe borrowing? does anyone know yet? Is he getting the money from China? they must love the coalition. I don't think he would have had a chance to look at the books yet and he's got the credit card out. Economic vandals!
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Dnarever

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Re: Goodbye surplus
Reply #65 - Sep 15^th, 2013 at 6:45pm

adelcrow wrote on Sep 15^th, 2013 at 10:55am:

Considering the fact that Fraser and his dimwitted Treasurer Howard had a far bigger debt than Gough Whitlam the Libs obviously think that debt is ok as long as its them f@cking up the economy and not Labor

In 4 years the Whitlam government produced 4 surpluses, In the Fraser term there were 0 surpluses recorded.

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Verge Gold Member Offline Australian Politics Posts: 6329 Gender:	Re: Goodbye surplus Reply #66 - Sep 15^th, 2013 at 7:37pm Infrastructure spending doesn't effect surpluses. It effects debt levels. It's asset vs profit and loss. It does make a mockery of the increasing debt argument but not the surplus one. The lack of responses from Marty, macca and a few other high level critics of government spending, your absence from this thread is noted
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Andrei.Hicks

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Re: Goodbye surplus
Reply #67 - Sep 15^th, 2013 at 7:40pm

Verge wrote on Sep 15^th, 2013 at 7:37pm:

Infrastructure spending doesn't effect surpluses. It effects debt levels. It's asset vs profit and loss. It does make a mockery of the increasing debt argument but not the surplus one.

The lack of responses from Marty, macca and a few other high level critics of government spending, your absence from this thread is noted

When you are looking at retrieving back your bottom line verge - after raiding the usual suspects in your OpEx, the next places to look are headcount and Capex.

It's common sense.

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

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perceptions_now

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Re: Goodbye surplus
Reply #68 - Sep 15^th, 2013 at 8:15pm

perceptions_now wrote on Sep 15^th, 2013 at 5:54pm:

For those interested in Reality, you should note the linkage between how well the US & Global Economies are going & that effects the OZ Economy.

http://recessionalert.com/wp-content/uploads/2013/04/REF_10Apr13a.gif

http://econographics.files.wordpress.com/2012/10/australia-change-in-real-gdp.jp...

As can be seen there were substantial Recessions in the US around 1973-75, 1981-83, 1990-93, 2001-02, 2007-09 & it is again in decline now!

Corresponding to that, the 2nd chart confirms that the Australian GDP nosedived during 1982-83, 1990-92, it slumped during 2001 and crashed again during 2007-09. Whilst not reflected in this chart, it is likely that a similar GDP slowdown occurred around 1973-75, to co-incide with that US Recession.

Interestingly, the relative Australian governments reacted this way to these US Recessions -
http://www.budget.gov.au/2011-12/content/myefo/image/13_appendix_d-1.gif

Year Expenditure % of GDP
72/73 18.9% - Year prior
73/74 18.4%
74/75 21.7%
75/76 24.3%
76/77 24.1%
77/78 24.8%
78/79 23.8% - 6 years after start

80/81 23.7% - Year prior
81/82 23.4%
82/83 25.8%
83/84 26.7%
84/85 27.5%
85/86 27.4%
86/87 27.0% - 6 years after start

89/90 22.9% - Year prior
90/91 24.2%
91/92 25.6%
92/93 26.1%
93/94 26.1%
94/95 25.7%
95/96 25.6% - 6 years after start

00/01 25.1% - Year prior
01/02 25.0%
02/03 24.6%
03/04 24.4%
04/05 24.2%
05/06 24.1%
06/07 23.4% - 6 years after start

06/07 23.4% - Year prior
07/08 23.1%
08/09 25.2%
09/10 26.0%
10/11 24.7%
11/12 24.8%
12/13 23.6% - 6 years after start

What are the messages here?

So, what are the messages here and for future Surpluses?

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