Australian Politics Forum - Dellusion from the right

OldnCrusty

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Re: Dellusion from the right
Reply #30 - May 22^nd, 2014 at 2:45pm

Swagman wrote on May 22^nd, 2014 at 10:27am:

skippy. wrote on May 22^nd, 2014 at 9:50am:

Swagman wrote on May 22^nd, 2014 at 9:46am:

John Smith wrote on May 22^nd, 2014 at 9:31am:

Aside from the fact that there is no budget emergency

..if you believe that you are the deluded one Smithy.

The overwhelming majority of financial experts say there is no budget emergency. The only people saying it are the government and the stupid people that believe the government, which is shrinking by the day to now comprising just the pure stupid rusted ons of around 45% TPP.

List the experts Skip and they can join the ranks of the deluded?

Then read this.

http://archive.treasury.gov.au/igr/igr2010/Overview/html/overview_04.htm

Quote:

In 2010, there will be an estimated 5 people of traditional working age for every person aged 65 and over.

By 2050 only 2.7 people of traditional working age are projected for every person aged 65 and over.

This results in lower future work force participation rates, and therefore slower future rates of economic growth.

At the same time, an ageing population will place greater demands on government services.

That is a 'serious' budget emergency.

Especially if you have young kids. By the time they are in their mid-twenties they will have to be paying double the marginal tax rates we today (that'll be 60% + Shocked

) just to maintain the current level of social welfare and social security.

If the budget emergency had teeth it would bite you and your so-called financial experts on the Rs... Grin

You have serious drugs issues Swaggie to cite this. The crisis is between now and 2050 not today and not tomorrow. And it does not require a draconian attack on the most vulnerable in our society.

If it so urgent why hasn't the Mad Monk increased revenue by some reasonable and progressive changes to super, negative gearing, tax the churches and their property, and tighten the family trust perks and salary sacrificing dodges.

No one, and least of all Labor, have denied these issues in the future. You will note that it was Labor under Keating who first flag this issue and did something about it - compulsory Super. And you'll remember the whinging Right Wingers and their cronies going off about socialism and individual rights and responsibilities.

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« Last Edit: May 22^nd, 2014 at 3:52pm by OldnCrusty »

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OldnCrusty

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Re: Dellusion from the right
Reply #31 - May 22^nd, 2014 at 2:49pm

woody2014 wrote on May 22^nd, 2014 at 2:41pm:

OldnCrusty wrote on May 22^nd, 2014 at 2:35pm:

King FriYAY II wrote on May 22^nd, 2014 at 10:16am:

Abbott is an A grade nice person.

That would be on the scale where Hitler is rated as D, Stalin as a D-, Dracula as a C Grin

And your good self an F and W

That's me; I'm being told I'm a good F and quick W. Grin

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Kat

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Socialism IS the answer.

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Re: Dellusion from the right
Reply #32 - May 22^nd, 2014 at 3:29pm

mantra wrote on May 22^nd, 2014 at 11:12am:

Both parties are extreme, but in opposite directions. Howard started this welfare binge; Gillard wasn't strong enough to curtail it, but Abbott has gone totally in the other direction.

His slashing technique is going to stuff up the economy. Purse strings are already being tightened in preparation and consumer confidence is starting to spiral downwards. It had started to improve considerably before Abbott came to power.

Gillard did at least try, by wanting the Medicare rebate (I think it was) means-tested.

And the cons HOWLED, even those who'd NEVER have been affected.

It's only the wealthfare cuts that have brought many out of the woodwork against this
budget, nothing was heard when it looked like the poor were going to be the only ones
hit.

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John Smith

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Re: Dellusion from the right
Reply #33 - May 22^nd, 2014 at 3:33pm

Swagman wrote on May 22^nd, 2014 at 2:05pm:

skippy. wrote on May 22^nd, 2014 at 10:46am:

Swagman wrote on May 22^nd, 2014 at 10:27am:

skippy. wrote on May 22^nd, 2014 at 9:50am:

Swagman wrote on May 22^nd, 2014 at 9:46am:

John Smith wrote on May 22^nd, 2014 at 9:31am:

Aside from the fact that there is no budget emergency

..if you believe that you are the deluded one Smithy.

The overwhelming majority of financial experts say there is no budget emergency. The only people saying it are the government and the stupid people that believe the government, which is shrinking by the day to now comprising just the pure stupid rusted ons of around 45% TPP.

List the experts Skip and they can join the ranks of the deluded?

Then read this.

http://archive.treasury.gov.au/igr/igr2010/Overview/html/overview_04.htm

Quote:

In 2010, there will be an estimated 5 people of traditional working age for every person aged 65 and over.

By 2050 only 2.7 people of traditional working age are projected for every person aged 65 and over.

This results in lower future work force participation rates, and therefore slower future rates of economic growth.

At the same time, an ageing population will place greater demands on government services.

That is a 'serious' budget emergency.

Especially if you have young kids. By the time they are in their mid-twenties they will have to be paying double the marginal tax rates we today (that'll be 60% + Shocked

) just to maintain the current level of social welfare and social security.

If the budget emergency had teeth it would bite you and your so-called financial experts on the Rs... Grin

You're making the claim, you list the experts that say its a budget emergency. Roll Eyes

Whatabout your hero Wayne Swan. He identified it, commissioned reports on it, and did effall about it. Grin

(except to make it worse)

http://www.abc.net.au/news/2010-02-01/ageing-population-dragging-australia-into-...
Quote:

WAYNE SWAN FEB 2010
This means that 2050 government spending will outstrip revenue by 2.75 per cent of GDP, with half of all government spending going towards health care, aged pensions and aged care.

At present around a quarter of Government spending is on health.

If nothing is done to close the "fiscal gap", Australia's net debt will hit 20 per cent of GDP and the Budget would be in deficit by 3.75 per cent by 2050.

That is in comparison to the latest Budget projections that put the net debt peaking at 13 per cent in 2013.

The report also predicts that while living standards will still rise, they will do so at a slower rate than the past 40 years, with just 2.7 people working to support the costs of older Australians compared to five to one now.

Mr Swan told the National Press Club that if action is taken now it will avoid harsher adjustments in the future. Shocked

did you not notice that it says by 2050
... it's hardly a budget emergency Grin

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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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austranger Gold Member Offline Opinionated Sod Posts: 1506 adelaide Gender:	Re: Dellusion from the right Reply #34 - May 22^nd, 2014 at 3:49pm The only "Budget Crisis" at the time of the last election was Tonono's... If he couldn'tBudge the Labor Party this time it was his last shot at It, he' never get to be PM!
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Swagman

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Beware of cheap imitations......

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Re: Dellusion from the right
Reply #35 - May 22^nd, 2014 at 6:32pm

John Smith wrote on May 22^nd, 2014 at 3:33pm:

did you not notice that it says by 2050 ... it's hardly a budget emergency

So when do you start? It's not an overnight fix?

Every economist worth their vegemite has forecasted this for 20 years.

From 2010 the first of the baby-boomers turn 65 and start to avail the age pension OR those that are self funded will drop out of the workforce.

Statistically the most dramatic drop will be in the next 10 years. The proportion of tax-payers to retirees is going to dramatically decline.

Without significant increases to marginal tax rates or cuts to expenditure the Treasury will go bust.

The longer it's delayed the friggin worse it will get.

It's not only Aust's problem just about every Western nation has the same issue.

http://www.pc.gov.au/__data/assets/pdf_file/0005/129749/ageing-australia.pdf

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