Australian Politics Forum - The $250bn cost of Kevin Rudd..

Sprintcyclist

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Re: The $250bn cost of Kevin Rudd..
Reply #15 - Jul 19^th, 2015 at 4:23pm

Quote:

................By far the most visible component of the costs was the shift from a budget cash surplus, averaging 0.9 per cent of gross domestic product during the Howard years to a cash deficit that exceeded 4 per cent of GDP in 2010.

Associated with a succession of economic stimulus measures, that deterioration proved difficult to reverse, with the commonwealth's balance sheet shifting from $44.8bn in net assets when Rudd took office to $161.6bn in net debt this year..................

we were immune from the gfc.

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John Smith Gold Member Offline Australian Politics Posts: 75273 Gender:	Re: The $250bn cost of Kevin Rudd.. Reply #16 - Jul 19^th, 2015 at 4:28pm Sprintcyclist wrote on Jul 19^th, 2015 at 4:23pm: we were immune from the gfc. but Hockey says we're still feeling the effects
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Its time

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Re: The $250bn cost of Kevin Rudd..
Reply #17 - Jul 19^th, 2015 at 6:11pm

Sprintcyclist wrote on Jul 19^th, 2015 at 4:23pm:

Quote:

................By far the most visible component of the costs was the shift from a budget cash surplus, averaging 0.9 per cent of gross domestic product during the Howard years to a cash deficit that exceeded 4 per cent of GDP in 2010.

Associated with a succession of economic stimulus measures, that deterioration proved difficult to reverse, with the commonwealth's balance sheet shifting from $44.8bn in net assets when Rudd took office to $161.6bn in net debt this year..................

we were immune from the gfc.

Ive only said this to two other posters , one was jenny and i forget who the one was, but you sir are a nice person .

Edit gotta love the mods correcting nice person, even that made me laugh

Edit second attempt maw won

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stunspore

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Re: The $250bn cost of Kevin Rudd..
Reply #18 - Jul 19^th, 2015 at 7:58pm

It is all hypothetical as to what happens if Kevin Rudd didn't do what he did. People, experts, organisations can all demonstrate that their hypotheses are right with regards to what if or if not whatever happen in the past. Focus on the right now - what is the economy doing now and what constructive elements has the current government put in play? Does it need to be re-evaluated? Is it evidence-based? Measurable effects?

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Sprintcyclist

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Re: The $250bn cost of Kevin Rudd..
Reply #19 - Jul 19^th, 2015 at 8:27pm

Its time wrote on Jul 19^th, 2015 at 6:11pm:

Sprintcyclist wrote on Jul 19^th, 2015 at 4:23pm:

Quote:

................By far the most visible component of the costs was the shift from a budget cash surplus, averaging 0.9 per cent of gross domestic product during the Howard years to a cash deficit that exceeded 4 per cent of GDP in 2010.

Associated with a succession of economic stimulus measures, that deterioration proved difficult to reverse, with the commonwealth's balance sheet shifting from $44.8bn in net assets when Rudd took office to $161.6bn in net debt this year..................

we were immune from the gfc.

Ive only said this to two other posters , one was jenny and i forget who the one was, but you sir are a nice person .

Edit gotta love the mods correcting nice person, even that made me laugh

Edit second attempt maw won

Quote:

...........Ive only said this to two other posters .....

said what ?

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John Smith Gold Member Offline Australian Politics Posts: 75273 Gender:	Re: The $250bn cost of Kevin Rudd.. Reply #20 - Jul 19^th, 2015 at 8:53pm Sprintcyclist wrote on Jul 19^th, 2015 at 8:27pm: said what ? Its time wrote on Jul 19^th, 2015 at 6:11pm: but you sir are a nice person . because I know you'll still struggle with it Sprint, nice person is the forums anti swear programme substitution for 'more on'
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innocentbystander. Gold Member Offline Australian Politics Posts: 4723 Gender:	Re: The $250bn cost of Kevin Rudd.. Reply #21 - Jul 19^th, 2015 at 9:50pm The only problem an ALP supporter would have with this is the fact that its not 500 billion, or even 1000 billion, big deficits weaken countries and weakening countries is what the idiot left is all about, Greece being one of their biggest success stories.
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Sprintcyclist

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Re: The $250bn cost of Kevin Rudd..
Reply #22 - Jul 19^th, 2015 at 10:25pm

John Smith wrote on Jul 19^th, 2015 at 8:53pm:

Sprintcyclist wrote on Jul 19^th, 2015 at 8:27pm:

said what ?

Its time wrote on Jul 19^th, 2015 at 6:11pm:

but you sir are a nice person .

because I know you'll still struggle with it Sprint, nice person is the forums anti swear programme substitution for 'more on'

we were immune from the gfc.

we had no debt and china were still buying our resources.
We were fine,

Now, we have a large debt (due to the alp) and china are not buying our resources.
We are in trouble.

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Sprintcyclist Gold Member Offline OzPolitic Posts: 40778 Gender:	Re: The $250bn cost of Kevin Rudd.. Reply #23 - Jul 19^th, 2015 at 10:25pm The alp have sunk us.
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cods

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Re: The $250bn cost of Kevin Rudd..
Reply #24 - Jul 19^th, 2015 at 11:50pm

Sprintcyclist wrote on Jul 19^th, 2015 at 10:25pm:

John Smith wrote on Jul 19^th, 2015 at 8:53pm:

Sprintcyclist wrote on Jul 19^th, 2015 at 8:27pm:

said what ?

Its time wrote on Jul 19^th, 2015 at 6:11pm:

but you sir are a nice person .

because I know you'll still struggle with it Sprint, nice person is the forums anti swear programme substitution for 'more on'

we were immune from the gfc.

shhhhhhhhhhhhhh

we had no debt and china were still buying our resources.
We were fine,

shhhhhhhhhhhhhhhhhhhhh

Now, we have a large debt (due to the alp) and china are not buying our resources.
We are in trouble.

thanks to swan...shhhhhhhhhhhhhhhhhhhhhhhhh

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Grappler Deep State Feller

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Re: The $250bn cost of Kevin Rudd..
Reply #25 - Jul 20^th, 2015 at 4:49am

John Smith wrote on Jul 19^th, 2015 at 8:53pm:

Sprintcyclist wrote on Jul 19^th, 2015 at 8:27pm:

said what ?

Its time wrote on Jul 19^th, 2015 at 6:11pm:

but you sir are a nice person .

because I know you'll still struggle with it Sprint, nice person is the forums anti swear programme substitution for 'more on'

.. and bustard, and nice person (Caring Understanding New-age Type), and a range of other nasty words that are in the Oxford dictionary...

Wonder what it does with fart-face?

**rolls it off the tongue**...

you sir are a fart-face... hmm.. needs work.... maybe 'flea-brain'.....

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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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Grappler Deep State Feller Gold Member Offline Australian Politics Posts: 85457 Always was always will be HOME Gender:	Re: The $250bn cost of Kevin Rudd.. Reply #26 - Jul 20^th, 2015 at 4:52am Sprintcyclist wrote on Jul 19^th, 2015 at 10:25pm: The alp have sunk us. Hang 'em and hang 'em high!
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Sprintcyclist

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Re: The $250bn cost of Kevin Rudd..
Reply #27 - Jul 20^th, 2015 at 7:55am

Grappler Deep State Feller wrote on Jul 20^th, 2015 at 4:49am:

John Smith wrote on Jul 19^th, 2015 at 8:53pm:

Sprintcyclist wrote on Jul 19^th, 2015 at 8:27pm:

said what ?

Its time wrote on Jul 19^th, 2015 at 6:11pm:

but you sir are a nice person .

because I know you'll still struggle with it Sprint, nice person is the forums anti swear programme substitution for 'more on'

.. and bustard, and nice person (Caring Understanding New-age Type), and a range of other nasty words that are in the Oxford dictionary...

Wonder what it does with fart-face?

**rolls it off the tongue**...

you sir are a fart-face... hmm.. needs work.... maybe 'flea-brain'.....

we were immune from the gfc.

we had no debt and china were still buying our resources.
We were fine,

Now, we have a large debt (due to the alp) and china are not buying our resources.
We are in trouble.

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Modern Classic Right Wing

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John Smith Gold Member Offline Australian Politics Posts: 75273 Gender:	Re: The $250bn cost of Kevin Rudd.. Reply #28 - Jul 20^th, 2015 at 9:36am Sprintcyclist wrote on Jul 19^th, 2015 at 10:25pm: we were immune from the gfc. you actually think the Australian economy was immune to a financial crisis that affect half our trading partners? John Smith wrote on Jul 19^th, 2015 at 4:28pm: but Hockey says we're still feeling the effects
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Sprintcyclist

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Re: The $250bn cost of Kevin Rudd..
Reply #29 - Jul 20^th, 2015 at 9:38am

John Smith wrote on Jul 20^th, 2015 at 9:36am:

Sprintcyclist wrote on Jul 19^th, 2015 at 10:25pm:

we were immune from the gfc.

you actually think the Australian economy was immune to a financial crisis that affect half our trading partners? Grin

John Smith wrote on Jul 19^th, 2015 at 4:28pm:

but Hockey says we're still feeling the effects Cheesy

yes.

The asian crisis many years ago loomed much worse.
We weathered that with nary a blip.

Things like this happen in economies. You need a steady hand on the tiller and a long term view.

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