Australian Politics Forum - Debt ceiling explained

Maqqa

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14% - that low?!

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Debt ceiling explained
Dec 5^th, 2013 at 6:08pm

Prior to 2007 - there was no debt ceiling

After Rudd came to power - through their mismanagement - decide to instal a debt ceiling of $150B

This debt ceiling was meant to assure the voters that Labor's mismanagement would not exceed $150B

$300B worth of Labor mismanagement later....

Now the LIBs discovered that we need close to $500B to actually fix Labor's stupidity

And Labor is somehow angry at this???

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

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Vic

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Re: Debt ceiling explained
Reply #1 - Dec 5^th, 2013 at 6:30pm

Maqqa wrote on Dec 5^th, 2013 at 6:08pm:

Prior to 2007 - there was no debt ceiling

After Rudd came to power - through their mismanagement - decide to instal a debt ceiling of $150B

This debt ceiling was meant to assure the voters that Labor's mismanagement would not exceed $150B

$300B worth of Labor mismanagement later....

Now the LIBs discovered that we need close to $500B to actually fix Labor's stupidity

And Labor is somehow angry at this???

Not at all. Labor are so sorry for their mismanagement, that they want to make sure the Liberals don't repeat the mistake. They asked the Government to explain why they needed the money - all they had to do was provide information.

But Dr No (still thinking he was in Opposition) said NO. So the Labor party - not wanting to see the Libs embarrassed refused to allow it through

That left the Libs with no alternative but to break yet another core statement - and jump into bed with Christine and Adam

So, we have a foursome here, Sir Humpalot Tony and Christine, plus Arab Joe and Adam. No wonder Adam was looking worried at the press conference!!

Have another slice of watermelon

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Debt ceiling explained Reply #2 - Dec 5^th, 2013 at 6:36pm ...A very poor excuse for breaking an election promise with the help of the Greens A lie doesn't fix another lie
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____ Gold Member Offline Australian Politics Posts: 33410 Australia Gender:	Re: Debt ceiling explained Reply #3 - Dec 5^th, 2013 at 6:45pm I heard Libs wants a blank cheque so to pork barrel next election … they are terrified of Clive Palmer's deep pockets. Any truth to this maqqa?
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Grappler Deep State Feller

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Re: Debt ceiling explained
Reply #4 - Dec 5^th, 2013 at 6:54pm

Well - a CEILING is meant to be a ceiling - not an air ceiling that can be moved infinitely upward. All that is happening is that every second-rate jackass who comes along and sees the phrase' debt ceiling' assumes, quite deliberately assumes, that this means that rather than being a fixed asset in the government building structure - it is a movable feast that can go upwards endlessly..... and thus be used to satisfy every whim of government.

Now - my important question is this - if these jackasses are raising the amount of money they are borrowing against the future of this country AND (thank you ian small I et al) placing that into consolidated revenue for their current costs..... which include funding their inherent duty to pay pensions and so forth......

WHY ARE WE SIMULTANEOUSLY BEING ASKED TO TIGHTEN OUR BELTS TO COPE WITH THE DREADFUL CRISIS THESE JACKASSES HAVE BROUGHT ON AUSTRALIA?

They just grab whatever cash they want out of thin air to put wherever they damned well want - and then tell us we 'need' to do it tough to let the country survive. (who was that 'WE' again, white man?).

Bring on the Revolution! Vote them ALL out!

Wink

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“Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passion, they cannot alter the state of facts and evidence.”
― John Adams

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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Debt ceiling explained Reply #5 - Dec 5^th, 2013 at 7:03pm Its really quite simple...the Libs broke their election promise on debt with the help of the Greens so Abbott and his goon squad are liars.
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cods Gold Member Offline Australian Politics Posts: 88048	Re: Debt ceiling explained Reply #6 - Dec 5^th, 2013 at 7:07pm and our pride and joy Qantas is going to fall out of the sky????..WHYYYYYYY.. do we have any ICONS left??????????. what a mess..wont be long and English will be our second language Chinese will be first.
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ImSpartacus2

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Re: Debt ceiling explained
Reply #7 - Dec 5^th, 2013 at 7:41pm

Maqqa wrote on Dec 5^th, 2013 at 6:08pm:

Prior to 2007 - there was no debt ceiling

After Rudd came to power - through their mismanagement - decide to instal a debt ceiling of $150B

This debt ceiling was meant to assure the voters that Labor's mismanagement would not exceed $150B

$300B worth of Labor mismanagement later....

Now the LIBs discovered that we need close to $500B to actually fix Labor's stupidity

And Labor is somehow angry at this???

yes all of the above makes sense if yor a non questioning gullible fool who sucks up coalition propaganda whole.

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John Smith

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Re: Debt ceiling explained
Reply #8 - Dec 5^th, 2013 at 7:44pm

Maqqa wrote on Dec 5^th, 2013 at 6:08pm:

Prior to 2007 - there was no debt ceiling

After Rudd came to power - through their mismanagement - decide to instal a debt ceiling of $150B

This debt ceiling was meant to assure the voters that Labor's mismanagement would not exceed $150B

$300B worth of Labor mismanagement later....

Now the LIBs discovered that we need close to $500B to actually fix Labor's stupidity

And Labor is somehow angry at this???

now that you've had your rant, can you please point me in the direction of the explanation you allude to in your thread title

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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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perceptions_now

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Re: Debt ceiling explained
Reply #9 - Dec 5^th, 2013 at 8:23pm

Maqqa wrote on Dec 5^th, 2013 at 6:08pm:

Prior to 2007 - there was no debt ceiling

After Rudd came to power - through their mismanagement - decide to instal a debt ceiling of $150B

This debt ceiling was meant to assure the voters that Labor's mismanagement would not exceed $150B

$300B worth of Labor mismanagement later....

Now the LIBs discovered that we need close to $500B to actually fix Labor's stupidity

And Labor is somehow angry at this???

Like it or not, the Labor actions taken between 2007-2013, were basically correct according to standard Economic theory and that's pretty much what most countries did.

Like it or not, the actions currently being implemented by the Liberals, are basically correct according to standard Economic theory and at most times in the past those actions would have been correct.

Like it or not, both of the above actions have been largely rendered absolutely useless, by virtue of the inaction &/or inappropriate actions by Politicians over 40-60 years of actions!

Standard Economics & Politics that Batter, haven't worked so far AND THEY WON'T!

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« Last Edit: Dec 6^th, 2013 at 11:41am by perceptions_now »

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Armchair_Politician

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Re: Debt ceiling explained
Reply #10 - Dec 6^th, 2013 at 5:00am

Maqqa wrote on Dec 5^th, 2013 at 6:08pm:

Prior to 2007 - there was no debt ceiling

After Rudd came to power - through their mismanagement - decide to instal a debt ceiling of $150B

This debt ceiling was meant to assure the voters that Labor's mismanagement would not exceed $150B

$300B worth of Labor mismanagement later....

Now the LIBs discovered that we need close to $500B to actually fix Labor's stupidity

And Labor is somehow angry at this???

I wouldn't say the ALP is angry. More like embarrassed, because they do not want the Coalition to be able to undo the mistakes the ALP made over the past six years. That would leave the ALP looking more incompetent than ever, if that's even possible!

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Vic Gold Member Offline Australian Politics Posts: 8312 Melbourne Victoria Gender:	Re: Debt ceiling explained Reply #11 - Dec 6^th, 2013 at 10:53am Gawd - I slept with Christine, didn't wear a dinger, I hope I haven't caught anything! Was a bigger ceiling the right erection for me?
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adelcrow Gold Member Offline Australian Politics Posts: 20133 everywhere Gender:	Re: Debt ceiling explained Reply #12 - Dec 6^th, 2013 at 2:28pm Debt ceiling...half a trillion dollars of debt for our kids to pay back...thanks Arab Joe
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St George of the Garden

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Re: Debt ceiling explained
Reply #13 - Dec 6^th, 2013 at 3:08pm

Libs don’t want to have to explain and want to keep all debt “Labor debt.”

When unemployment nudges 8% then the Libs will want to spend to stimulate the economy. Too late—time to spend is as soon as evidence of looming recession is clear.

Now is not the time to tighten belts—the economy is still too fragile and private sector indebtedness too high. So the idiot Libs, still talking the economy down even now(!) are going to cause recession by trying, vainly, to achieve a surplus Budget.

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I want Muso as GMod. Bring back Muso!

Friends of the National Broadband Network

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Neferti

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Re: Debt ceiling explained
Reply #14 - Dec 6^th, 2013 at 4:20pm

St George of the Garden wrote on Dec 6^th, 2013 at 3:08pm:

Libs don’t want to have to explain and want to keep all debt “Labor debt.”

When unemployment nudges 8% then the Libs will want to spend to stimulate the economy. Too late—time to spend is as soon as evidence of looming recession is clear.

Now is not the time to tighten belts—the economy is still too fragile and private sector indebtedness too high. So the idiot Libs, still talking the economy down even now(!) are going to cause recession by trying, vainly, to achieve a surplus Budget.

It won't have anything to do with our new Federal Government, as you well know. Your Leftard Lot wasted all the money we had saved to splash $900 cheques to dead people and those living overseas.

If Unemployment nudges 8% that reflects backwards on what Rudd/Gillard/Rudd did ..... wasted money on stupid stuff, with no thought to the FUTURE.

Go BBQ another Feral Pig! The worms will eventually get to you. Angry

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Question: Maqqa thread should be called debt ceiling excuse
Definitely 0 (0.0%) Yea 0 (0.0%) Sure thing 0 (0.0%) No brainer 0 (0.0%) More conga line bullsh it 0 (0.0%) All of the above 6 (100.0%) Total votes: 6 « Created by: skippy. on: Dec 7^th, 2013 at 9:22am »