Australian Politics Forum - Third World Governments, First World Country

Swagman

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Re: Third World Governments, First World Country
Reply #15 - Dec 18^th, 2015 at 2:31pm

Grappler Deep State Feller wrote on Dec 18^th, 2015 at 2:21pm:

Wee Johnny would have better served the country stashing that cash into an inviolable account as a prop against the blatantly obvious rising costs of healthcare and aged pensions and so forth..... instead they've stashed the futures fund away for their own benefits in the Caymans .......

You Truebelievers blissfully forget that nothing could be stashed away until Labor's accumulated debt was repaid.

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Jovial Monk

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Re: Third World Governments, First World Country
Reply #16 - Dec 18^th, 2015 at 2:53pm

Swagman wrote on Dec 18^th, 2015 at 1:44pm:

Remember this?

http://i17.photobucket.com/albums/b76/timbo2530/Debt%20Free.jpg

That was before Labor got in and trashed the economy, fleeced the treasury, drove away justabout all business investment and maxed out the nations credit card..... Cheesy

.....oh and increased unemployment by 50%

Grin

Nice big structural Budget deficit tho. Didja forget about that?

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Jovial Monk

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Re: Third World Governments, First World Country
Reply #17 - Dec 18^th, 2015 at 2:55pm

Swagman wrote on Dec 18^th, 2015 at 2:31pm:

Grappler Deep State Feller wrote on Dec 18^th, 2015 at 2:21pm:

Wee Johnny would have better served the country stashing that cash into an inviolable account as a prop against the blatantly obvious rising costs of healthcare and aged pensions and so forth..... instead they've stashed the futures fund away for their own benefits in the Caymans .......

You Truebelievers blissfully forget that nothing could be stashed away until Labor's accumulated debt was repaid.

In two years Libs added more debt 7 deficit than Labor did in 6 and Labor had a GFC to cope with. Just slipped your mind I expect. Libs are now spending like 26% of GDP! That is the highest for a long time!

Just the spending on super tax concessions will cost $170Bn over the forward estimated! Thank you Mr Howard, you profligate idiot!

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Grappler Deep State Feller

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Re: Third World Governments, First World Country
Reply #18 - Dec 18^th, 2015 at 3:24pm

Swagman wrote on Dec 18^th, 2015 at 2:31pm:

Grappler Deep State Feller wrote on Dec 18^th, 2015 at 2:21pm:

Wee Johnny would have better served the country stashing that cash into an inviolable account as a prop against the blatantly obvious rising costs of healthcare and aged pensions and so forth..... instead they've stashed the futures fund away for their own benefits in the Caymans .......

You Truebelievers blissfully forget that nothing could be stashed away until Labor's accumulated debt was repaid.

Unless it's the 'futures fund' - a nice little piece of work that earned the sheila who master-minded it a nice little sinecure here and there at mega-remuneration...... good service to the Capos brings its rewards......

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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.”
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Swagman

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Re: Third World Governments, First World Country
Reply #19 - Dec 18^th, 2015 at 4:10pm

Jovial Monk wrote on Dec 18^th, 2015 at 2:53pm:

Swagman wrote on Dec 18^th, 2015 at 1:44pm:

Remember this?

http://i17.photobucket.com/albums/b76/timbo2530/Debt%20Free.jpg

That was before Labor got in and trashed the economy, fleeced the treasury, drove away justabout all business investment and maxed out the nations credit card..... Cheesy

.....oh and increased unemployment by 50%

Grin

Nice big structural Budget deficit tho. Didja forget about that?

...BWHAAAAAAAAAAAAAAHAAAAAAAAAAAAAA Cheesy

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Kiron22

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Re: Third World Governments, First World Country
Reply #20 - Dec 18^th, 2015 at 4:12pm

aquascoot wrote on Dec 18^th, 2015 at 2:07pm:

how can anyone with 1/2 a brain say that giving taxpayers tax cuts is government "p1ssing that money up against the wall"

Because it was, there was nothing positive coming from that spending apart from vote buying. That money was earned by selling off revenue streams in a disgraceful fire sale (that has hamstrung the country too this very day and collapsed the global gold exchange) and then spent it on trying to solidify their own power though bribery.

Quote:

it is the ONLY legitimate thing a government SHOULD do when they have extra money.

No, they could have put the money into a sovereign wealth fund or used it on upgrading Australia's pisspoor infrastructure.

Quote:

if there is any "p1ssing up against the wall being done" as a result, in what possible way is the government responsible for this.

Because Howard was a terrible economic manager who simply wasted Government revenue on insane amounts of useless partisan vote buying.

Quote:

then we have the SHEER LUNACY of rudd with a cash splash BORROWED at interest .

Howard never fixed the structural deficit, so when Labor were given power, they were given a poison chalice of policies and a budget. Howard never fixed budget issues, his surplus was entirely from a ONE OFF firesale of revenue streams and assets.

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you must apologise immediately to John and Peter...our finest team ever.

Howard and Costello deserve to be buried under a rusty fence as two of the most incompetent, spiteful hacks this country has ever had the shame of leading Government.

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a mining tax that earnt no money Wink

Watered down mining tax thanks to the efforts of the Libs and Mining industry.

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change border policy and cost 10 bill a year

Labors refugee solution was terrible, but for the opposite reason, they had no courage or capital to work on a regional solution.

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NDIS started with no funding.
a "thought bubble" to take over public hospitals
NDIS wastage and blow outs.

The NDIS is one of the most important and needed health policies this country has seen.

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cash splash to dead people

GFC.

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on again/off again carbon policy.

The carbon policy that brought in revenue and saw huge improvements to Australia's carbon output

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they are not fit to replace the batteries in Peter Costellos calculator Wink

Again, a child could have done a better job than Cokehead Costello and Howard.

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Kiron22

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Re: Third World Governments, First World Country
Reply #21 - Dec 18^th, 2015 at 4:14pm

Swagman wrote on Dec 18^th, 2015 at 4:10pm:

Jovial Monk wrote on Dec 18^th, 2015 at 2:53pm:

Swagman wrote on Dec 18^th, 2015 at 1:44pm:

Remember this?

http://i17.photobucket.com/albums/b76/timbo2530/Debt%20Free.jpg

That was before Labor got in and trashed the economy, fleeced the treasury, drove away justabout all business investment and maxed out the nations credit card..... Cheesy

.....oh and increased unemployment by 50%

Grin

Nice big structural Budget deficit tho. Didja forget about that?

http://i17.photobucket.com/albums/b76/timbo2530/structural%20claytons.jpg

...BWHAAAAAAAAAAAAAAHAAAAAAAAAAAAAA Cheesy

You're an idiot. On your farm you sell say a piece of machinery that puts you back into "surplus" but then do nothing to the budget to actually cut wasteful spending so in a few years your back into the red. Do you call yourself a "great financial genius with a budget surplus?" No. Howard did nothing, absolutely nothing to actually fix budget issues.

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aquascoot

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Re: Third World Governments, First World Country
Reply #22 - Dec 18^th, 2015 at 4:52pm

why on earth would peter and john establish a treasure chest full of money when they knew labor would one day have access to it.

they made the entirely sensible choice to return the money to the people .

this is the basis of free enterprise ideology (the people know best where to spend their money) as opposed to leftard ideology (the government knows best where to spend their money).

i'll take the individual over the government every day of the week.

one look around the globe would convince you that "people power" is the more effective strategy.

read some Orwell, monk and kiron . Wink

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mariacostel

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Re: Third World Governments, First World Country
Reply #23 - Dec 18^th, 2015 at 5:15pm

Kiron22 wrote on Dec 18^th, 2015 at 1:16pm:

the good ole boys wrote on Dec 18^th, 2015 at 12:27pm:

Blame Labor for that. They threw money around everywhere and far ked things up right left and centre . Billions and billions went on people smuggling alone when Labor tore down the borders. Howard had the economy going great and Labor stuffed it back up. The economy has never been the same.

Labor? The terrible state of Australia's economy lies in the hands of Do nothing Howard who squandered the vast majority of the mining boom capturing little revenue from it while selling off other profitable revenue streams for rock bottom prices to try claim "surplus" that was wasted on upper-middle class vote buying.

Then the Libs pounced on Rudd trying to in a last ditch effort seeing the Mining Boom end on the horizon raise revenue streams with the Mining Tax and then smashed Gillard for the Mining Tax.

Labor aren't blameless, tax cuts and loopholes were left wide open under Rudd and Gillard, but it has and always will be Liberal Governments that retard Australias development and economy for decades on end.

A child could have done a better job managing the economy than Howard, that is how easy governance was during those boom years.

What we really needed was a communist centrally planned economy. That way the mining boom would never have happened at all! But at least we would also ahve rampant poverty and hunger, not to mention concentration camps and death squads.

All much better than Howard's reign, what?

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Karnal

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Re: Third World Governments, First World Country
Reply #24 - Dec 18^th, 2015 at 6:01pm

aquascoot wrote on Dec 18^th, 2015 at 4:52pm:

why on earth would peter and john establish a treasure chest full of money when they knew labor would one day have access to it.

they made the entirely sensible choice to return the money to the people .

this is the basis of free enterprise ideology (the people know best where to spend their money) as opposed to leftard ideology (the government knows best where to spend their money).

i'll take the individual over the government every day of the week.

one look around the globe would convince you that "people power" is the more effective strategy.

read some Orwell, monk and kiron . Wink

No, dear, one look around the world would show you that prosperous countries put the money from mineral booms into sovereign wealth funds, like Denmark.

Denmark currently has the highest living standard in the world.

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mariacostel

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Re: Third World Governments, First World Country
Reply #25 - Dec 18^th, 2015 at 6:08pm

Karnal wrote on Dec 18^th, 2015 at 6:01pm:

aquascoot wrote on Dec 18^th, 2015 at 4:52pm:

why on earth would peter and john establish a treasure chest full of money when they knew labor would one day have access to it.

they made the entirely sensible choice to return the money to the people .

this is the basis of free enterprise ideology (the people know best where to spend their money) as opposed to leftard ideology (the government knows best where to spend their money).

i'll take the individual over the government every day of the week.

one look around the globe would convince you that "people power" is the more effective strategy.

read some Orwell, monk and kiron . Wink

No, dear, one look around the world would show you that prosperous countries put the money from mineral booms into sovereign wealth funds, like Denmark.

Denmark currently has the highest living standard in the world.

It's Norway and they also have the highest cost of living in the world. Once the oil runs out they are in big trouble because they have pretty much nothing else.

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Karnal

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Re: Third World Governments, First World Country
Reply #26 - Dec 18^th, 2015 at 6:09pm

[quote author=the_good_ole_boys link=1450405280/2#2 date=1450405651]Blame Labor for that./quote]

Strange. I could have sworn Hawke and Keating quoted Donald Horne word for word in the first liberal market reforms ushered in since WWII.

I’m.sure Whitlam quoted Donald Horne when he funded the tertiary sector, introduced free health care, and had the first budget deficit since WWII.

Maybe I heard wrong, eh?

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Karnal

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Re: Third World Governments, First World Country
Reply #27 - Dec 18^th, 2015 at 6:11pm

mariacostel wrote on Dec 18^th, 2015 at 6:08pm:

Karnal wrote on Dec 18^th, 2015 at 6:01pm:

aquascoot wrote on Dec 18^th, 2015 at 4:52pm:

why on earth would peter and john establish a treasure chest full of money when they knew labor would one day have access to it.

they made the entirely sensible choice to return the money to the people .

this is the basis of free enterprise ideology (the people know best where to spend their money) as opposed to leftard ideology (the government knows best where to spend their money).

i'll take the individual over the government every day of the week.

one look around the globe would convince you that "people power" is the more effective strategy.

read some Orwell, monk and kiron . Wink

No, dear, one look around the world would show you that prosperous countries put the money from mineral booms into sovereign wealth funds, like Denmark.

Denmark currently has the highest living standard in the world.

It's Norway and they also have the highest cost of living in the world. Once the oil runs out they are in big trouble because they have pretty much nothing else.

You’re right, dear. Norway has the biggest sovereign wealth fund, and Denmark has the highest standard of living per capita.

The most expensive country in the world, with the greatest household wealth, is Switzerland.

And they don’t have any oil at all.

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Kiron22 Gold Member Offline Australian Politics Posts: 896 Gender:	Re: Third World Governments, First World Country Reply #28 - Dec 18^th, 2015 at 6:12pm aquascoot wrote on Dec 18^th, 2015 at 4:52pm: read some Orwell The same Orwell that was a Libertarian Communist and fought for a Council Communist Spain?
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Kiron22

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Re: Third World Governments, First World Country
Reply #29 - Dec 18^th, 2015 at 6:14pm

mariacostel wrote on Dec 18^th, 2015 at 5:15pm:

What we really needed was a communist centrally planned economy. That way the mining boom would never have happened at all! But at least we would also ahve rampant poverty and hunger, not to mention concentration camps and death squads.

All much better than Howard's reign, what?

Do you ever have a point without resorting to personal insults, fallacies and hyperbole?

You're a retard. Stop posting and spreading your offtopic vile.

Also the mining boom wouldn't have happened in a Communist country? Wut? The entire USSR's economy was based on their own resources boom, it's why the USSR economy collapsed and never recovered when Oil prices went tits up with the Oil crisis because they never bothered diversifying away from their resources boom (and dumped kosygin reforms).

The Resources Curse seems to effect most countries that have huge amounts of resource wealth, Capitalist, Communist and everything inbetween.

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