Australian Politics Forum - The Shorten narrative...

Its time

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Re: The Shorten narrative...
Reply #45 - Nov 22^nd, 2015 at 8:07pm

When he was Shadow Treasurer, Joe Hockey promised that "we will achieve a surplus in our first year in office and we will achieve a surplus for every year of our first term.''

Well, a couple of years on including one where Mr Hockey has been running Treasury and fiscal policy, it seems humiliation or capitulation are the order of the day for the world's most complacent Treasurer.

Here's why.

The

budget numbers presented in the Pre-Election Fiscal Outlook in August 2013 – that's right, the ones prepared without any involvement from politicians

, were as follows. The numbers are the forecasts for the fiscal balance:

2013-14 -$30.1 billion
2014-15 -$24.0 billion
2015-16 -$4.7 billion
2016-17 +$4.0 billion

The cumulative position of the budget was a deficit of $54.8 billion, and there was a budget surplus forecast for 2016-17.

When Mr Hockey delivered his budget in May, those bottom line numbers had changed to the following:

2013-14 -$49.9 billion JOES BUDGET Grin

2014-15 -$29.8 billion JOES BUDGET Roll Eyes

2015-16 -$17.1 billion ANYBODY SEEN JOE Grin

2016-17 -$10.6 billion WAIT FOR MYEFO OMG

The cumulative position was a deficit of $107.3 billion, double the deficit
inherited from the previous government and that included the raft of policy measures designed to cut spending and hike taxes. There was no surplus in the forward estimates.

Since the budget in May, things on the budget bottom line have undoubtedly got worse. The government has floundered to get its measures through the Senate and just a short while ago, it had to capitulate to the Palmer United Party over the repeal of the mining tax. That humiliation for the government alone has added a further $6.5 billion to the cumulative budget deficit (10,000 times the revenue raised from the mining tax in the most recent quarter), making a mockery of the budget deficit and government debt propaganda peddled by the Coalition parties.

Budget policy under this government is floundering. They are not delivering. The deficits are getting larger even though they gave commitment after commitment to return to surplus and eliminate government debt.

They are failing dismally and unfortunately, Australia will be worse for it. Let's just hope the credit ratings agencies haven't noticed how poor the policy settings actually are.

Economic messiahs PIGS ARSE

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« Last Edit: Nov 22^nd, 2015 at 8:18pm by Its time »

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Its time Gold Member Offline Boot libs out Posts: 25639 Gender:	Re: The Shorten narrative... Reply #46 - Nov 22^nd, 2015 at 8:22pm I think I can speak on behalf of the Australian public giving the Libs a big fat F for failure when it comes to even having any clue how to run an economy in a downturn.
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John Smith

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Re: The Shorten narrative...
Reply #47 - Nov 22^nd, 2015 at 8:26pm

mariacostel wrote on Nov 22^nd, 2015 at 5:01pm:

John Smith wrote on Nov 22^nd, 2015 at 4:14pm:

Armchair_Politician wrote on Nov 22^nd, 2015 at 3:21pm:

This is the Shorten narrative: nothing. Absolutely nothing. Nothing but nothing and nothingness. Why? Because Shorten is clueless and has nothing. Absolutely, positively nothing. Zip, zilch, nada, nought.

Shorten is the opposition leader so he doesn't need to say anything. ... does Turncoat need someone to tell him what to do?

Is there no end to your stupidity? Do you have a good understanding on any topic??

why? you feel like making more crap up perhaps?

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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

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Re: The Shorten narrative...
Reply #48 - Nov 22^nd, 2015 at 8:27pm

cods wrote on Nov 22^nd, 2015 at 5:58pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 5:57pm:

cods wrote on Nov 22^nd, 2015 at 4:40pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 4:31pm:

Shorten has already released more policy than any LOTO bar Hewson. All the RWNJs have to do is read it.

Meantime Turnbull’s narrative is {waffle} {spin} {gaffe} {spin} {waffle}

hes busy.. fighting the terrorists..

Ahahahahaha Waffles with assault rifle running in the desert bwahahaha

Nah, he is waffling, spinning and gaffing. All at sea, no idea what to do about the economy.

whats wrong with the economy NOW?..

well, if there was a budget emergency when the debt was half what it is now and govt. spending was lower, what is it now?

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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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Its time

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Re: The Shorten narrative...
Reply #49 - Nov 22^nd, 2015 at 8:32pm

John Smith wrote on Nov 22^nd, 2015 at 8:27pm:

cods wrote on Nov 22^nd, 2015 at 5:58pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 5:57pm:

cods wrote on Nov 22^nd, 2015 at 4:40pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 4:31pm:

Shorten has already released more policy than any LOTO bar Hewson. All the RWNJs have to do is read it.

Meantime Turnbull’s narrative is {waffle} {spin} {gaffe} {spin} {waffle}

hes busy.. fighting the terrorists..

Ahahahahaha Waffles with assault rifle running in the desert bwahahaha

Nah, he is waffling, spinning and gaffing. All at sea, no idea what to do about the economy.

whats wrong with the economy NOW?..

well, if there was a budget emergency when the debt was half what it is now and govt. spending was lower, what is it now?

It's humiliating for them to admit the Libs have no idea how to manage an economy when there isn't a mining/housing boom and there isn't anymore assets or gold left to sell.

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philperth2010

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Re: The Shorten narrative...
Reply #50 - Nov 22^nd, 2015 at 8:44pm

philperth2010 wrote on Nov 22^nd, 2015 at 7:55pm:

Armchair_Politician wrote on Nov 22^nd, 2015 at 6:55pm:

Its time wrote on Nov 22^nd, 2015 at 6:47pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 6:10pm:

cods wrote on Nov 22^nd, 2015 at 5:58pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 5:57pm:

cods wrote on Nov 22^nd, 2015 at 4:40pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 4:31pm:

Shorten has already released more policy than any LOTO bar Hewson. All the RWNJs have to do is read it.

Meantime Turnbull’s narrative is {waffle} {spin} {gaffe} {spin} {waffle}

hes busy.. fighting the terrorists..

Ahahahahaha Waffles with assault rifle running in the desert bwahahaha

Nah, he is waffling, spinning and gaffing. All at sea, no idea what to do about the economy.

whats wrong with the economy NOW?..

Well, one factoid: the deficit has blown out by $5Bn, there is no time Morriscum can say that the Budget will be in surplus. The Libs are protecting tax dodgers so the Budget will sink further and further into deficit.

Incorrect , not 5 billion , 50 billion . Sloppy DOUBLED the budget deficit , in 6 months , after promising a surplus in first year , F for fail libs , F for fail Roll Eyes

Show me where/when he said that...

Here ya go AP....No need to thank me!!!

Quote:

Opposition Leader Tony Abbott has backed Shadow Treasurer Joe Hockey's claim that the Coalition would be on track to deliver a budget surplus in the first year of taking office.

Earlier, Mr Abbott stopped short of guaranteeing a surplus in the Coalition’s first year, instead arguing the budget position would be ‘‘better’’ than under Labor.

A 50-page booklet launched by Mr Abbott at a campaign rally on Sunday commits the Coalition to ‘‘get the budget back under control’’ and ‘‘live within our means’’, but does not spell out a timeframe.

Mr Hockey told the National Press Club last year: ‘‘Based on the numbers presented last Tuesday night we will achieve a surplus in our first year in office and we will achieve a surplus for every year of our first term.’’

On Monday, Mr Hockey said he had not retreated from the pledge.

‘‘Our commitment is emphatic,’’ Mr Hockey told ABC Radio’s AM program.

http://www.smh.com.au/federal-politics/political-news/abbotts-about-face-on-surp...

http://www.abc.net.au/news/2015-09-23/jericho-inequality-will-cast-a-shadow-over...

The second link I posted has a very good analysis of the LNP economic management under Abbott and Hockey....Worth a look for those who are interested!!!

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If knowledge can create problems, it is not through ignorance that we can solve them.
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John Smith Gold Member Offline Australian Politics Posts: 74775 Gender:	Re: The Shorten narrative... Reply #51 - Nov 22^nd, 2015 at 8:50pm a good article phil
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Jovial Monk Gold Member Offline Dogs not cats! Posts: 47525 Gender:	Re: The Shorten narrative... Reply #52 - Nov 22^nd, 2015 at 8:55pm Greg Jericho is good value.
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Dnarever

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Re: The Shorten narrative...
Reply #53 - Nov 23^rd, 2015 at 5:26am

John Smith wrote on Nov 22^nd, 2015 at 8:26pm:

mariacostel wrote on Nov 22^nd, 2015 at 5:01pm:

John Smith wrote on Nov 22^nd, 2015 at 4:14pm:

Armchair_Politician wrote on Nov 22^nd, 2015 at 3:21pm:

This is the Shorten narrative: nothing. Absolutely nothing. Nothing but nothing and nothingness. Why? Because Shorten is clueless and has nothing. Absolutely, positively nothing. Zip, zilch, nada, nought.

Shorten is the opposition leader so he doesn't need to say anything. ... does Turncoat need someone to tell him what to do?

Is there no end to your stupidity? Do you have a good understanding on any topic??

why? you feel like making more crap up perhaps?

I remember Longy saying much the same thing when Abbott was in opposition and he thought it clever at the time.

The main difference was that Abbott in fact had no policy.

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Dnarever Gold Member Offline Australian Politics Posts: 58720 Here Gender:	Re: The Shorten narrative... Reply #54 - Nov 23^rd, 2015 at 6:24am John Smith wrote on Nov 22^nd, 2015 at 8:50pm: a good article phil Yes very good. While it was always obvious that Abbott would be a failure I think it was sad that Hockey also failed so badly.
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cods

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Re: The Shorten narrative...
Reply #55 - Nov 23^rd, 2015 at 6:34am

Its time wrote on Nov 22^nd, 2015 at 8:32pm:

It's humiliating for them to admit the Libs have no idea how to manage an economy when there isn't a mining/housing boom and there isn't anymore assets or gold left to sell.

so you think shortarse would have done better even without the mining boom...

where will shortarse get all the money from do you think?????......the likes of Gina and clive.. might be gone or at the very least on the way down by the time he takes over....

wont he buy back all those assets that got sold..??

with what?.

I dont have a problem with the economy.. unlike yourself.. retail is on the UP.. Qantas is making MONEY...

I dont see anyone doing it tough...housing market hasnt crashed as much as you wish it would...Interest rates are steady...

left whingeing seems to be the growth industry.

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Dnarever

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Re: The Shorten narrative...
Reply #56 - Nov 23^rd, 2015 at 6:47am

cods wrote on Nov 23^rd, 2015 at 6:34am:

Its time wrote on Nov 22^nd, 2015 at 8:32pm:

It's humiliating for them to admit the Libs have no idea how to manage an economy when there isn't a mining/housing boom and there isn't anymore assets or gold left to sell.

so you think shortarse would have done better even without the mining boom...

where will shortarse get all the money from do you think?????......the likes of Gina and clive.. might be gone or at the very least on the way down by the time he takes over....

wont he buy back all those assets that got sold..??

with what?.

I dont have a problem with the economy.. unlike yourself.. retail is on the UP.. Qantas is making MONEY...

I dont see anyone doing it tough...housing market hasnt crashed as much as you wish it would...Interest rates are steady...

left whingeing seems to be the growth industry.

It is all the areas that the Liberals were complaining about and have done a lot worse than Labor.

The fact is that Swan was reducing expenditure by a lot more than the Liberals managed. It is a fact that the responsible Liberals were and are spending more than Labor had.

Turns out that all the Liberal supporters who were rabid about Swans performance should now be eating crow, he had done a lot better than the Liberals have been able to do.

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cods

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Re: The Shorten narrative...
Reply #57 - Nov 23^rd, 2015 at 7:19am

Dnarever wrote on Nov 23^rd, 2015 at 6:47am:

cods wrote on Nov 23^rd, 2015 at 6:34am:

Its time wrote on Nov 22^nd, 2015 at 8:32pm:

It's humiliating for them to admit the Libs have no idea how to manage an economy when there isn't a mining/housing boom and there isn't anymore assets or gold left to sell.

so you think shortarse would have done better even without the mining boom...

where will shortarse get all the money from do you think?????......the likes of Gina and clive.. might be gone or at the very least on the way down by the time he takes over....

wont he buy back all those assets that got sold..??

with what?.

I dont have a problem with the economy.. unlike yourself.. retail is on the UP.. Qantas is making MONEY...

I dont see anyone doing it tough...housing market hasnt crashed as much as you wish it would...Interest rates are steady...

left whingeing seems to be the growth industry.

It is all the areas that the Liberals were complaining about and have done a lot worse than Labor.

The fact is that Swan was reducing expenditure by a lot more than the Liberals managed. It is a fact that the responsible Liberals were and are spending more than Labor had.

Turns out that all the Liberal supporters who were rabid about Swans performance should now be eating crow, he had done a lot better than the Liberals have been able to do.

you do tend to forget... Swan forward estimates were out by zillions.... and he never had to fund NDIS or Gonski..... that didnt happen until 2014... with money that never eventuated.. he expected the mining tax and CARBON TAX that didnt happen... all it did was drive away business....making it even harder...

I am not claiming the Libs got it right... but by golly look what they inherited.. it didnt all go away once they took over...the debt didnt stop and restart...it continued....what annoys me with the left..
they never accept their responsibility in anything.. they kind of pretend 6 years didnt happen...the labor govt didnt spend recklessly like open borders.. lets forget all that...??? that didnt help stuff our economy of course it didnt...I shake my head at the hidden costs of all that....

ye the left act like it didnt happen..

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mariacostel

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Re: The Shorten narrative...
Reply #58 - Nov 23^rd, 2015 at 7:22am

philperth2010 wrote on Nov 22^nd, 2015 at 7:55pm:

Armchair_Politician wrote on Nov 22^nd, 2015 at 6:55pm:

Its time wrote on Nov 22^nd, 2015 at 6:47pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 6:10pm:

cods wrote on Nov 22^nd, 2015 at 5:58pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 5:57pm:

cods wrote on Nov 22^nd, 2015 at 4:40pm:

Jovial Monk wrote on Nov 22^nd, 2015 at 4:31pm:

Shorten has already released more policy than any LOTO bar Hewson. All the RWNJs have to do is read it.

Meantime Turnbull’s narrative is {waffle} {spin} {gaffe} {spin} {waffle}

hes busy.. fighting the terrorists..

Ahahahahaha Waffles with assault rifle running in the desert bwahahaha

Nah, he is waffling, spinning and gaffing. All at sea, no idea what to do about the economy.

whats wrong with the economy NOW?..

Well, one factoid: the deficit has blown out by $5Bn, there is no time Morriscum can say that the Budget will be in surplus. The Libs are protecting tax dodgers so the Budget will sink further and further into deficit.

Incorrect , not 5 billion , 50 billion . Sloppy DOUBLED the budget deficit , in 6 months , after promising a surplus in first year , F for fail libs , F for fail Roll Eyes

Show me where/when he said that...

Here ya go AP....No need to thank me!!!

Quote:

Opposition Leader Tony Abbott has backed Shadow Treasurer Joe Hockey's claim that the Coalition would be on track to deliver a budget surplus in the first year of taking office.

Earlier, Mr Abbott stopped short of guaranteeing a surplus in the Coalition’s first year, instead arguing the budget position would be ‘‘better’’ than under Labor.

A 50-page booklet launched by Mr Abbott at a campaign rally on Sunday commits the Coalition to ‘‘get the budget back under control’’ and ‘‘live within our means’’, but does not spell out a timeframe.

Mr Hockey told the National Press Club last year: ‘‘Based on the numbers presented last Tuesday night we will achieve a surplus in our first year in office and we will achieve a surplus for every year of our first term.’’

On Monday, Mr Hockey said he had not retreated from the pledge.

‘‘Our commitment is emphatic,’’ Mr Hockey told ABC Radio’s AM program.

http://www.smh.com.au/federal-politics/political-news/abbotts-about-face-on-surp...

http://www.abc.net.au/news/2015-09-23/jericho-inequality-will-cast-a-shadow-over...

Swan did the same thing, endlessly promising surpluses and instead dleivering the biggest deficits in history.

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mariacostel

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Re: The Shorten narrative...
Reply #59 - Nov 23^rd, 2015 at 7:33am

Its time wrote on Nov 22^nd, 2015 at 8:07pm:

When he was Shadow Treasurer, Joe Hockey promised that "we will achieve a surplus in our first year in office and we will achieve a surplus for every year of our first term.''

Well, a couple of years on including one where Mr Hockey has been running Treasury and fiscal policy, it seems humiliation or capitulation are the order of the day for the world's most complacent Treasurer.

Here's why.

The

budget numbers presented in the Pre-Election Fiscal Outlook in August 2013 – that's right, the ones prepared without any involvement from politicians

, were as follows. The numbers are the forecasts for the fiscal balance:

2013-14 -$30.1 billion
2014-15 -$24.0 billion
2015-16 -$4.7 billion
2016-17 +$4.0 billion

The cumulative position of the budget was a deficit of $54.8 billion, and there was a budget surplus forecast for 2016-17.

When Mr Hockey delivered his budget in May, those bottom line numbers had changed to the following:

2013-14 -$49.9 billion JOES BUDGET Grin

2014-15 -$29.8 billion JOES BUDGET Roll Eyes

2015-16 -$17.1 billion ANYBODY SEEN JOE Grin

2016-17 -$10.6 billion WAIT FOR MYEFO OMG

The cumulative position was a deficit of $107.3 billion, double the deficit
inherited from the previous government and that included the raft of policy measures designed to cut spending and hike taxes. There was no surplus in the forward estimates.

Since the budget in May, things on the budget bottom line have undoubtedly got worse. The government has floundered to get its measures through the Senate and just a short while ago, it had to capitulate to the Palmer United Party over the repeal of the mining tax. That humiliation for the government alone has added a further $6.5 billion to the cumulative budget deficit (10,000 times the revenue raised from the mining tax in the most recent quarter), making a mockery of the budget deficit and government debt propaganda peddled by the Coalition parties.

Budget policy under this government is floundering. They are not delivering. The deficits are getting larger even though they gave commitment after commitment to return to surplus and eliminate government debt.

They are failing dismally and unfortunately, Australia will be worse for it. Let's just hope the credit ratings agencies haven't noticed how poor the policy settings actually are.

Economic messiahs PIGS ARSE

It might be worth noting that the ORIGINAL 13/14 budget prediction was a $1.5B SURPLUS. Then just about every couple weeks it grew out more and more . The $30B deficit final estimate was just the latest in a long line of changes and so the final deficit was pretty much exactly what would have occurred regardless, especially since the government was still running on a labor budget the entire time.

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