from $18B to $48B

thank goodness the adults are in charge  ;D ;D ;D

it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it.

http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html

After killing off their only source of new revenue by killing MRRT and CT they will resort to a good old asset and gold fire sale . And of course rip away anything that helps the lower socio economic .

libs couldn't organise a root in a brothel .... its their rich mates that tell them what to sell and for how much, the libs will just do what they're told

This mob are hopeless...and with a predicted downturn in Australias economic fortunes next year its only gonna get worse.
Its no wonder Abbott decided to be out of the country when this little gem was announced  ;D ;D

Tell Tones to stop grandstanding on the world stage and kick Joe up the Khyber for a starter. "Hey Joe get your finger out and stop me wasting money and get that budget passed or your back in the kebab shop"

Tell the cock sucker president to piiss off and get another lacky to justify his wars

Bring all the planes and soldiers home rather than sitting on their clackers in the middle east doing nothing (as they are not really needed)

I wonder what our joy flight by our RAAF to the middle east is going to add to the deficit  :D :D :D

John Smith wrote on Sep 25^th, 2014 at 5:40pm:

I wonder what our joy flight by our RAAF to the middle east is going to add to the deficit  :D :D :D

Nah!

Its all labors fault.  ;D ;D ;D ;D ;D ;D ;D

Whats Hockeys answer...force the pension age out to 150?  ;D ;D ;D

I am waiting for MYEFO. That is after well over a year of Lib mismanagement when there is no excuse.

With the shortfall in projected revenue likely continuing and the general gross economic mismanagement MYEFO is going to be a beauty!

[quote author=GeorgeH link=1411627557/8#8 date=1411631137]I am waiting for MYEFO. That is after well over a year of Lib mismanagement when there is no excuse.

With the shortfall in projected revenue likely continuing and the general gross economic mismanagement MYEFO is going to be a beauty![/quote

Get rid of the taxes while keeping the expenditure the taxes paid for and surprise surprise....the budget deficit blows out  :D

St George of the Garden wrote on Sep 25^th, 2014 at 5:45pm:

I am waiting for MYEFO. That is after well over a year of Lib mismanagement when there is no excuse.

yeah right ... the libs will still be blaming labor in 10yrs time, let alone the next MYEFO

Well....now we really do have a budget emergency  :D

adelcrow wrote on Sep 25^th, 2014 at 5:50pm:

Well....now we really do have a budget emergency  :D

be careful what you wish for!!!!

John Smith wrote on Sep 25^th, 2014 at 4:45pm:

from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html

Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish.

Another Labor disaster.

longweekend58 wrote on Sep 25^th, 2014 at 5:53pm:

John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster.

yes longie, i read the excuses too .... what makes you think its any different to the rest of the libs lies?

longweekend58 wrote on Sep 25^th, 2014 at 5:53pm:

John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster.

yep...its Labors fault that Hockey and Abbott lied at the election  ;D ;D ;D

longweekend58 wrote on Sep 25^th, 2014 at 5:53pm:

John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster.

Ho Ho Ho - 2055 and they will still be blaming Labor for their incompetence. Over 12 months and Labor are still responsible for the economy no matter how much the Liberals waste and mismanage.

longweekend58 wrote on Sep 25^th, 2014 at 5:53pm:

John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster.

Rubbish.

Hockey could have had a mini-budget within the first 3 months. He didn't.
Hockey could have done something in the first six months. He didn't.
Hockey didn't have to wait eight months before doing anything. He did.
Hockey didn't have to bring down a budget full of ambit claims that weren't going to pass the Senate. He did.
Hockey could have made cuts across the board. He didn't.
Hockey didn't have to give the RBA eight billion dollars of borrowed money it didn't ask for. He did.
Hockey didn't have to abolish taxes. He did.

The Liberals have been in office for a year, and the idea that it's Labor's fault doesn't stand scrutiny.

Bam wrote on Sep 25^th, 2014 at 7:14pm:

longweekend58 wrote on Sep 25th, 2014 at 5:53pm: John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster. Rubbish. Hockey could have had a mini-budget within the first 3 months. He didn't. Hockey could have done something in the first six months. He didn't. Hockey didn't have to wait eight months before doing anything. He did. Hockey didn't have to bring down a budget full of ambit claims that weren't going to pass the Senate. He did. Hockey could have made cuts across the board. He didn't. Hockey didn't have to give the RBA eight billion dollars of borrowed money it didn't ask for. He did. Hockey didn't have to abolish taxes. He did. The Liberals have been in office for a year, and the idea that it's Labor's fault doesn't stand scrutiny.

No chance that the Liberals will ever scrutinise their silly claim so they will be happy enough with it.

John Smith wrote on Sep 25^th, 2014 at 5:57pm:

longweekend58 wrote on Sep 25th, 2014 at 5:53pm: John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster. yes longie, i read the excuses too .... what makes you think its any different to the rest of the libs lies?

because it is a matter of historical fact.  I know you  - with the memory of a goldfish - probably forget Swans $1.5B surplus promise which quickly changed week-by-week into a bigger and bigger deficit.  Expenditure doesn't stop overnight.  it takes time and a new budget to be passed for any of that to happen.

Why do you think the 2008 financial results (under Rudd) were so good?  They too were running under a former govt's budget.

If Politicians & their supporters, from the Right, Left & Centre -
Would cease putting the vast majority of their efforts into defeating “the opposition Political Party”, getting into “Power” themselves and rewarding themselves & their supporters and concentrate instead on the long term interests of the entire Population,
then we would ALL be better placed now & better placed to face the future!

As it stands now, neither Liberal, nor Labor, did anywhere near what should have been done, over the last 40-50 years and those Politicians (on both sides), particularly over the last 25 years have made a absolutely hash of things!

John Smith wrote on Sep 25^th, 2014 at 4:45pm:

from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html

OOOOOppppps!


Quote:

Budget deficit soars to $48.5bn THE final federal budget deficit for 2013/14 has come in at $48.5 billion, $30 billion larger than Labor forecast last year. “It is not a confected number, it is the real figure,” Treasurer Joe Hockey said in Canberra. When Labor’s last budget was handed down in May last year, then treasurer Wayne Swan projected a deficit of $18 billion, citing a “savage hit to tax receipts” and a “deep commitment” to support employment and economic growth. The 2011-12 budget had projected a $5.4bn surplus for 2013/14. The new figure includes an $8.8bn of additional funding to the Reserve Bank, $571 million to maintain offshore immigration detention, additional funding for public service agencies to manage unfunded redundancies, and the Coalition’s decision to dump 96 proposed tax and superannuation changes. Mr Hockey said the final budget outcome “draws a line under the sand” of Labor’s tenure, citing the blowout as further evidence for the budget cuts and tax increases announced in May. “Labor left Australia with no plan to fund the future and address their unsustainable spending trajectory over the medium term,” he said in a joint statement with Finance Minister Mathias Cormann. “If no policy action was taken to repair the budget position the Government inherited, gross debt would have spiralled to $667 billion over the medium term and continued to grow. “We are making spending sustainable, delivering record infrastructure investment, creating new jobs and bringing the budget back to surplus over the medium term.” Budget fix promised as deficits soar Mr Hockey, when asked if Labor manipulated Treasury to produce the erroneous forecasts, said ministers must take responsibility for their projections and “that’s the bottom line”. “Whenever we sit down with our officers we pepper them with questions … to ensure that we are satisfied that forecasts are as robust as possible. Now maybe the previous government didn’t do that? I don’t know, but they seemed to get every number wrong,” he said. The opposition has accused Mr Hockey of inflating the deficit by giving $8.8 billion to the Reserve Bank to restore its capital buffer. Mr Hockey said the money would be needed eventually after Labor extracted $5.2 billion in RBA dividends in 2009-10. Comment is being sought from opposition treasury spokesman Chris Bowen.    http://www.theaustralian.com.au/national-affairs/budget-deficit-soars-to-485bn/story-fn59niix-1227070190882

Didn't the multi award winning federal treasurer Wayne Swan say he was handing over an economy that was humming along?

I foresaw this.

The Liberals quietly threw money away, before the announcement of the budget. When the budget was announced they had a perfect scapegoat -- the labor government. It made it much easier for them to shoulder the blame to the previous government because all of their money wasting was splashed on the news left, right and centre.
With the support of the media, Liberals can keep things quiet, so those who are blind and care not for looking into things will just go with the flow and blame it all on Labor.
It is a joint mistake, Liberal are just more cunning about it.

longweekend58 wrote on Sep 25^th, 2014 at 7:59pm:

John Smith wrote on Sep 25th, 2014 at 5:57pm: longweekend58 wrote on Sep 25th, 2014 at 5:53pm: John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html Clearly you didn't read the article.  The last financial year was run under the ALP budget which original promised a surplus and all the time until the election continued to blow out and has continued since.  All of the labor party's estimates have collapsed - as they usually do.. Only $11B of this is the responsibility of Liberal decisions and $9B of that was a grant to the RBA which can actually be recalled if they wish. Another Labor disaster. yes longie, i read the excuses too .... what makes you think its any different to the rest of the libs lies? because it is a matter of historical fact.  I know you  - with the memory of a goldfish - probably forget Swans $1.5B surplus promise which quickly changed week-by-week into a bigger and bigger deficit.  Expenditure doesn't stop overnight.  it takes time and a new budget to be passed for any of that to happen. Why do you think the 2008 financial results (under Rudd) were so good?  They too were running under a former govt's budget.

not sure why you think swans promise is even relevant  ..... he made that promise 1.5yrs ago  ...are the adults in charge or not? Hockey had many tools at hand he could have used to cut spending, he didn't use them, instead he came up with some shemozzle of a budget that only an idiot would support

John Smith wrote on Sep 25^th, 2014 at 4:45pm:

it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it.

No surprises THERE
The LibNats in Victoria have been running with that line for 4 years
- with an election just two months awayi

John Smith wrote on Sep 25^th, 2014 at 5:17pm:

libs couldn't organise a root in a brothel .... its their rich mates that tell them what to sell and for how much, the libs will just do what they're told

We'll leave that up to Craig Thomson, but thanks for the offer.

Remember, Labor deficit bad.

Liberal deficit good, spent on worthwhile things like..........war.

Are the submarines included in that? What are they for again? Looking for MH 370?

Ex Dame Pansi wrote on Sep 26^th, 2014 at 6:49am:

Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370?

You forget a lot, don't you? Stephen Smith (Labor) is the one who got the ball rolling on purchasing new subs to replace the Collins-Class fleet, not Abbott. Oh and by the way, most of the current budget is Labor policy because the Coalition hasn't been allowed to have its own policies pass in the Senate. So if you want to blame anyone, blame Swan, as it's simply a continuation of his policies. Hockey is doing the best he can in light of a hostile Senate determined to say no to everything.

Armchair_Politician wrote on Sep 26^th, 2014 at 6:12am:

John Smith wrote on Sep 25th, 2014 at 5:17pm: libs couldn't organise a root in a brothel .... its their rich mates that tell them what to sell and for how much, the libs will just do what they're told We'll leave that up to Craig Thomson, but thanks for the offer.

are you trolling for work again?

Armchair_Politician wrote on Sep 26^th, 2014 at 7:02am:

Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? You forget a lot, don't you? Stephen Smith (Labor) is the one who got the ball rolling on purchasing new subs to replace the Collins-Class fleet, not Abbott. Oh and by the way, most of the current budget is Labor policy because the Coalition hasn't been allowed to have its own policies pass in the Senate. So if you want to blame anyone, blame Swan, as it's simply a continuation of his policies. Hockey is doing the best he can in light of a hostile Senate determined to say no to everything.

it doesn't need to be 'allowed' ... the coalition is the govt. If it can't do its job it should resign and let someone else do it ...

Armchair_Politician wrote on Sep 26^th, 2014 at 7:02am:

Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? Hockey is doing the best he can in light of a hostile Senate determined to say no to everything.

The "hostile" senate are doing an EXCELLENT job in blocking EVERYTHING that contradicts LibNat election pledges, promises and policy

HOPEFULLY this may teach the LibNats a lesson in honesty and integrity when presenting their election manifesto in 2016



http://2.bp.blogspot.com/-ISKEz3MMlKA/U0ysZaYJpQI/AAAAAAAANRc/OFdOsJ6EU5s/s1600/abbottlies.png

buzzanddidj wrote on Sep 26^th, 2014 at 8:32am:

Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. The "hostile" senate are doing an EXCELLENT job in blocking EVERYTHING that contradicts LibNat election pledges, promises and policy HOPEFULLY this may teach the LibNats a lesson in honesty and integrity when presenting their election manifesto in 2016 http://2.bp.blogspot.com/-ISKEz3MMlKA/U0ysZaYJpQI/AAAAAAAANRc/OFdOsJ6EU5s/s1600/abbottlies.png

Some pledges may have to be broken after Hockey has finally seen just how badly Swan trashed the budget. This is understandable for most reasonable people. Obviously you're not one of those reasonable people.

John Smith wrote on Sep 26^th, 2014 at 8:02am:

Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? You forget a lot, don't you? Stephen Smith (Labor) is the one who got the ball rolling on purchasing new subs to replace the Collins-Class fleet, not Abbott. Oh and by the way, most of the current budget is Labor policy because the Coalition hasn't been allowed to have its own policies pass in the Senate. So if you want to blame anyone, blame Swan, as it's simply a continuation of his policies. Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. it doesn't need to be 'allowed' ... the coalition is the govt. If it can't do its job it should resign and let someone else do it ...

what the hell do you think parliament is there for???

buzzanddidj wrote on Sep 26^th, 2014 at 8:32am:

Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. The "hostile" senate are doing an EXCELLENT job in blocking EVERYTHING that contradicts LibNat election pledges, promises and policy HOPEFULLY this may teach the LibNats a lesson in honesty and integrity when presenting their election manifesto in 2016 http://2.bp.blogspot.com/-ISKEz3MMlKA/U0ysZaYJpQI/AAAAAAAANRc/OFdOsJ6EU5s/s1600/abbottlies.png

you didn't talk like this when Gillard brought in a carbon tax in direct opposition go their election promise!

longweekend58 wrote on Sep 26^th, 2014 at 10:07am:

John Smith wrote on Sep 26th, 2014 at 8:02am: Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? You forget a lot, don't you? Stephen Smith (Labor) is the one who got the ball rolling on purchasing new subs to replace the Collins-Class fleet, not Abbott. Oh and by the way, most of the current budget is Labor policy because the Coalition hasn't been allowed to have its own policies pass in the Senate. So if you want to blame anyone, blame Swan, as it's simply a continuation of his policies. Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. it doesn't need to be 'allowed' ... the coalition is the govt. If it can't do its job it should resign and let someone else do it ... what the hell do you think parliament is there for???

i can tell you what its not there for ... it's not there to bend over and do Abbotts bidding ....

Armchair_Politician wrote on Sep 26^th, 2014 at 8:51am:

buzzanddidj wrote on Sep 26th, 2014 at 8:32am: Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. The "hostile" senate are doing an EXCELLENT job in blocking EVERYTHING that contradicts LibNat election pledges, promises and policy HOPEFULLY this may teach the LibNats a lesson in honesty and integrity when presenting their election manifesto in 2016 http://2.bp.blogspot.com/-ISKEz3MMlKA/U0ysZaYJpQI/AAAAAAAANRc/OFdOsJ6EU5s/s1600/abbottlies.png Some pledges may have to be broken after Hockey has finally seen just how badly Swan trashed the budget. This is understandable for most reasonable people. Obviously you're not one of those reasonable people.

This is understandable for most reasonable people


No it is just more BS.

longweekend58 wrote on Sep 26^th, 2014 at 10:08am:

buzzanddidj wrote on Sep 26th, 2014 at 8:32am: Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. The "hostile" senate are doing an EXCELLENT job in blocking EVERYTHING that contradicts LibNat election pledges, promises and policy HOPEFULLY this may teach the LibNats a lesson in honesty and integrity when presenting their election manifesto in 2016 you didn't talk like this when Gillard brought in a carbon tax in direct opposition go their election promise!

ONE "broken promise" - and that is debatable - technically being an interim fixed price on an ETS




Not FOURTEEN specific election pledges - in the first 365 days, alone



Abbott government breaks more promises than it keeps


05 Sep 2014

http://www.afr.com/p/national/abbott_government_breaks_more_promises_tm2fLdNPeq6Nf0QV6c5brN

Abbott is a liar and con man and if he has any sense of decency he needs to keep his promise of a DD election.

John Smith wrote on Sep 25^th, 2014 at 4:45pm:

from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html

It's all the Liberals fault.


SHAME

Bobby. wrote on Oct 1^st, 2014 at 6:46am:

John Smith wrote on Sep 25th, 2014 at 4:45pm: from $18B to $48B thank goodness the adults are in charge  ;D ;D ;D it would be nice if Hockey took responsibility for his mess, but really no surprise that he's trying to blame labor for it. http://www.smh.com.au/federal-politics/political-news/joe-hockey-says-30b-overestimation-has-left-201314-in-deficit-by-485b-20140925-10lvpq.html It's all the Liberals fault. SHAME

I am surprised this thread hasn't got more replies.

Amazing how 18 months ago it was all about the debt, debt debt, now no one cares

no, the right would rather bury their heads ...besides, whats the point? they'll just tell themselves its labors fault and ignore the evidence no matter what anyone puts up!

Q. How do you take a deficit from $18 B to $48B in 12 months?

A. Put the adults in charge (the people claiming to be good economic managers but are in fact more like clowns). 

John Smith wrote on Oct 1^st, 2014 at 8:01am:

Amazing how 18 months ago it was all about the debt, debt debt, now no one cares no, the right would rather bury their heads ...besides, whats the point? they'll just tell themselves its labors fault and ignore the evidence no matter what anyone puts up!

It is amazing how many things that were critical to the conservatives while in opposition now are not relevant.

Debt, Honesty in government, competence, waste etc, time spent overseas etc.

Dnarever wrote on Oct 1^st, 2014 at 10:04am:

John Smith wrote on Oct 1st, 2014 at 8:01am: Amazing how 18 months ago it was all about the debt, debt debt, now no one cares no, the right would rather bury their heads ...besides, whats the point? they'll just tell themselves its labors fault and ignore the evidence no matter what anyone puts up! It is amazing how many things that were critical to the conservatives while in opposition now are not relevant. Debt, Honesty in government, competence, waste etc, time spent overseas etc.

you missed sending asylum seekers to only countries that are UN signatories, like Cambodia ;D ;D ;D

And now Abbott and Hockey want to bash pensioners and the working poor even more to pay for the Conservatives lust for war.
Yep...the poor are gonna pay to protect the USA's oil interests in the Middle East.

adelcrow wrote on Sep 25^th, 2014 at 5:43pm:

Whats Hockeys answer...force the pension age out to 150?  ;D ;D ;D

That's good   [smiley=grin.gif]


Thanks for the laugh 

John Smith wrote on Oct 1^st, 2014 at 8:01am:

Amazing how 18 months ago it was all about the debt, debt debt, now no one cares no, the right would rather bury their heads ...besides, whats the point? they'll just tell themselves its labors fault and ignore the evidence no matter what anyone puts up!

I suppose we just have to forgive the Liberals?

They know not what they do.

John Smith wrote on Oct 1^st, 2014 at 8:01am:

Amazing how 18 months ago it was all about the debt, debt debt, now no one cares no, the right would rather bury their heads ...besides, whats the point? they'll just tell themselves its labors fault and ignore the evidence no matter what anyone puts up!

Why aren't Liberal party members rioting in the streets?

Debt & budget deficits was all they talked about before the last election.

http://www.australiandebtclock.com.au/


Our debt is now  $362  billion.

longweekend58 wrote on Sep 26^th, 2014 at 10:07am:

John Smith wrote on Sep 26th, 2014 at 8:02am: Armchair_Politician wrote on Sep 26th, 2014 at 7:02am: Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? You forget a lot, don't you? Stephen Smith (Labor) is the one who got the ball rolling on purchasing new subs to replace the Collins-Class fleet, not Abbott. Oh and by the way, most of the current budget is Labor policy because the Coalition hasn't been allowed to have its own policies pass in the Senate. So if you want to blame anyone, blame Swan, as it's simply a continuation of his policies. Hockey is doing the best he can in light of a hostile Senate determined to say no to everything. it doesn't need to be 'allowed' ... the coalition is the govt. If it can't do its job it should resign and let someone else do it ... what the hell do you think parliament is there for???

....and the Senate to exercise oversight when the parl-e-a-ment gets above itself.....

PZ547 wrote on Oct 1^st, 2014 at 3:51pm:

adelcrow wrote on Sep 25th, 2014 at 5:43pm: Whats Hockeys answer...force the pension age out to 150?  ;D ;D ;D That's good   [smiley=grin.gif] Thanks for the laugh

70 is enough isn't it?

A physiotherapist told me that half of all people aged over 50
have something wrong with their back.

Quote:

Falling real wages, rising unemployment, and fears about their job prospects are keeping Australians away from major department stores. After retail spending grew by a paltry 0.1 per cent in August – the worst result in months – the dollar has plunged to an eight-month low. Surprisingly weak sales last month put the brakes on a short burst of growth over June and July. It comes after annual real wages growth fell to -0.5 per cent in the June quarter.

Read more: http://www.smh.com.au/business/poor-retail-sales-hit-department-stores-20141001-10omqc.html#ixzz3Ew0gT8Tv

People are not spending because of:
1. A hangover of the private sector indebtedness  due to Howard & Costello.

2. Swan’s over–eager fiscal consolidation, especially the lunatic drive for a surplus, started unemployment growing

3. The relentless talking down of the economy by monkey & Hokey while in opposition

4. The relentless talking down of the economy by monkey & Hokey since they formed government

5. A harsh and unfair Budget, then the mishandling of and the Budget fraying into tatters. $30Bn of savings over 4 years, GONE!

Deflation and recession are just about here as is high unemployment and high inflation due to the falling dollar. Christ you read those economists talking in the linked article and you have to wonder what the hell they are smoking. One idiot said that people will be less likely to buy online from overseas when the prices in shops will be close to the overseas price. Hello? Where does the idiot think the shops get their stuff from? Overseas! Yes, genius! Online buying will always be cheaper.

As the dollar falls petrol gets dearer petrol (petrol, diesel, aviation fuel whatever—petroleum products) gets dearer and this feeds into all sorts of costs—the farmer pays more for diesel for his tractor, the trucky pays more for diesel for his truck to haul the produce to market or processors etc. Use of renewable energy in remote towns will allow them to switch their diesel generators off more often, diallowed by this miserable excuse of a govt.

Then the mini–Budget, needed not because the economics changed but because it was a bad Budget deservedly mauled in Parliament. So what nasties will the worst Treasurer after Howard then Costello bring in in December and will they get through the Senate or will we need a miniminiBudget. The stupidity just goes on.

Bobby. wrote on Oct 2^nd, 2014 at 7:11am:

PZ547 wrote on Oct 1st, 2014 at 3:51pm: adelcrow wrote on Sep 25th, 2014 at 5:43pm: Whats Hockeys answer...force the pension age out to 150?  ;D ;D ;D That's good   [smiley=grin.gif] Thanks for the laugh  70 is enough isn't it? A physiotherapist told me that half of all people aged over 50 have something wrong with their back.

The common thread with almost all the conservative policy is that it ends up being the people who can least afford to pay have to supply the additional funding.

Expecting people to work till they are 70 years old, is a ridiculous idea.      :(      

wrote on Oct 2^nd, 2014 at 9:11am:

Expecting people to work till they are 70 years old, is a ridiculous idea.      :(

Whatcha mean sonny, I am almost 70 and still do some work!

We are not all useless you know!
  :D

To provide "SOME" Real World, non Political information -
1) A government Deficit is the figure, where the annual Expenditure, exceeds the annual Revenue.

2) A government Surplus is the figure, where the annual Revenue, exceeds the annual Expenditure.

3) A government Debt is the accumulation of both annual Deficits & Surpluses.

4) Globally, most governments have historically run at a modest Deficit & Debt, But both of these figures fluctuate depending on the Local & Global Economy & where the Economic cycle is, at any given point in time.

5) Due to the GFC, which "officially" commenced in 2007, most government Debt to GDP ratio's have increased Globally, although the reasons for these problems actually go back quite some time & governments of both major persuasions have contributed to a lack of adequate planning, going back some 30-50 years, both locally & Globally! 

6) Despite the fact that both Labor & Liberal have done "somewhat better" than many/most other countries, we still have a growing Debt problem. Not an emergency just yet, But it is heading in that direction.

7) To put our growing Debt problem into perspective, many other countries are far worse than Australia, for example on a NET DEBT basis & based on 2012 or 2013 figures, as per the following site, other countries bear roughly the following relationship to Australia -
http://en.wikipedia.org/wiki/List_of_countries_by_public_debt
Greece - 14 times worse
Japan - 12 times worse
Portugal - 10 times worse
Italy - 9 times worse
USA - 8 times worse
France - 7.5 times worse
United Kingdom - 7 times worse
Germany - 5 times worse

Conversely Norway & some of the Oil producing nations have substantial Surpluses NOT DEBT and consequently they are much better placed to withstand the GFC Mark2 which is about to revisit the Global Economy.

I expect that the GFC Mark2, when it arrives, which I expect will be sooner rather than later, will initially see a loss on most Global share markets, in the order of some 50%, irrespective of which Political Party/s happen to be in power.

That may not be nice news, But it is what is likely!   





    

Redmond Neck wrote on Oct 2^nd, 2014 at 10:02am:

wrote on Oct 2nd, 2014 at 9:11am: Expecting people to work till they are 70 years old, is a ridiculous idea.      :(       Whatcha mean sonny, I am almost 70 and still do some work! We are not all useless you know!   :D

It isn't about choosing to do it - this gives people no option when many are probably not capable.

No way will I be able to be fully productive in the workforce at 70 if still above ground.

Dnarever wrote on Oct 2^nd, 2014 at 9:08am:

Bobby. wrote on Oct 2nd, 2014 at 7:11am: PZ547 wrote on Oct 1st, 2014 at 3:51pm: adelcrow wrote on Sep 25th, 2014 at 5:43pm: Whats Hockeys answer...force the pension age out to 150?  ;D ;D ;D That's good   [smiley=grin.gif] Thanks for the laugh  70 is enough isn't it? A physiotherapist told me that half of all people aged over 50 have something wrong with their back. The common thread with almost all the conservative policy is that it ends up being the people who can least afford to pay have to supply the additional funding.

People who voted for Abbott deserve to get ripped off.

Pity about the others who didn't.

Dnarever wrote on Oct 2^nd, 2014 at 9:08am:

Bobby. wrote on Oct 2nd, 2014 at 7:11am: PZ547 wrote on Oct 1st, 2014 at 3:51pm: adelcrow wrote on Sep 25th, 2014 at 5:43pm: Whats Hockeys answer...force the pension age out to 150?  ;D ;D ;D That's good   [smiley=grin.gif] Thanks for the laugh  70 is enough isn't it? A physiotherapist told me that half of all people aged over 50 have something wrong with their back. The common thread with almost all the conservative policy is that it ends up being the people who can least afford to pay have to supply the additional funding.

funny though, you couldn't be more wrong if you tried.  the people who can 'least afford to pay' are already not paying a cent in net govt contributions.

Dnarever wrote on Oct 2^nd, 2014 at 11:56am:

Redmond Neck wrote on Oct 2nd, 2014 at 10:02am: wrote on Oct 2nd, 2014 at 9:11am: Expecting people to work till they are 70 years old, is a ridiculous idea.      :(       Whatcha mean sonny, I am almost 70 and still do some work! We are not all useless you know!   :D It isn't about choosing to do it - this gives people no option when many are probably not capable. No way will I be able to be fully productive in the workforce at 70 if still above ground.

what utter nonsense.  most 70yos are fit, healthy and more than capable of working - and many still do.  you can retire when you want.  you can get the pension with you are 70.  get over it.

longweekend58 wrote on Oct 2^nd, 2014 at 6:22pm:

Dnarever wrote on Oct 2nd, 2014 at 11:56am: Redmond Neck wrote on Oct 2nd, 2014 at 10:02am: wrote on Oct 2nd, 2014 at 9:11am: Expecting people to work till they are 70 years old, is a ridiculous idea.      :(       Whatcha mean sonny, I am almost 70 and still do some work! We are not all useless you know!   :D It isn't about choosing to do it - this gives people no option when many are probably not capable. No way will I be able to be fully productive in the workforce at 70 if still above ground. what utter nonsense.  most 70yos are fit, healthy and more than capable of working - and many still do.  you can retire when you want.  you can get the pension with you are 70.  get over it.

says someone who's idea of 'work'is to walk into a room and listen to someone else give a lecture  ;D ;D ;D ;D

longweekend58 wrote on Oct 2^nd, 2014 at 6:22pm:

Dnarever wrote on Oct 2nd, 2014 at 11:56am: Redmond Neck wrote on Oct 2nd, 2014 at 10:02am: wrote on Oct 2nd, 2014 at 9:11am: Expecting people to work till they are 70 years old, is a ridiculous idea.      :(       Whatcha mean sonny, I am almost 70 and still do some work! We are not all useless you know!   :D It isn't about choosing to do it - this gives people no option when many are probably not capable. No way will I be able to be fully productive in the workforce at 70 if still above ground. what utter nonsense.  most 70yos are fit, healthy and more than capable of working - and many still do.  you can retire when you want.  you can get the pension with you are 70.  get over it.

It's not an issue for me, I will never qualify for a pension but I am still sure that I will also not be fit to work or capable of working at 70 and it should not be mandatory.

I would think that few manual workers or Labour type workers would be able to continue till 70 and they are typically the ones dependant on a pension who would have no other option.

you can retire when you want.

The point of the 70 retiring age is that no you can't you have to make 70 if you are not self funded.

John Smith wrote on Oct 2^nd, 2014 at 7:27pm:

longweekend58 wrote on Oct 2nd, 2014 at 6:22pm: Dnarever wrote on Oct 2nd, 2014 at 11:56am: Redmond Neck wrote on Oct 2nd, 2014 at 10:02am: wrote on Oct 2nd, 2014 at 9:11am: Expecting people to work till they are 70 years old, is a ridiculous idea.      :(       Whatcha mean sonny, I am almost 70 and still do some work! We are not all useless you know!   :D It isn't about choosing to do it - this gives people no option when many are probably not capable. No way will I be able to be fully productive in the workforce at 70 if still above ground. what utter nonsense.  most 70yos are fit, healthy and more than capable of working - and many still do.  you can retire when you want.  you can get the pension with you are 70.  get over it. says someone who's idea of 'work'is to walk into a room and listen to someone else give a lecture  ;D ;D ;D ;D

yeah... because that's all I do.  Just like a painter just paints a room.  nothing else.

idiot.

Armchair_Politician wrote on Sep 26^th, 2014 at 7:02am:

Ex Dame Pansi wrote on Sep 26th, 2014 at 6:49am: Remember, Labor deficit bad. Liberal deficit good, spent on worthwhile things like..........war. Are the submarines included in that? What are they for again? Looking for MH 370? You forget a lot, don't you? Stephen Smith (Labor) is the one who got the ball rolling on purchasing new subs to replace the Collins-Class fleet, not Abbott. Oh and by the way, most of the current budget is Labor policy because the Coalition hasn't been allowed to have its own policies pass in the Senate. So if you want to blame anyone, blame Swan, as it's simply a continuation of his policies. Hockey is doing the best he can in light of a hostile Senate determined to say no to everything.

I still maintain it was irresponsible to cut taxes without first cutting spending. The senate has near equal power under the Australian system.

It's not just a continuation of swan's policies though, the coalition has increased spending and then wasted a bunch of money on a conflict in Iraq that will only make Australia a bigger target.

longweekend58 wrote on Oct 2^nd, 2014 at 8:06pm:

John Smith wrote on Oct 2nd, 2014 at 7:27pm: longweekend58 wrote on Oct 2nd, 2014 at 6:22pm: Dnarever wrote on Oct 2nd, 2014 at 11:56am: Redmond Neck wrote on Oct 2nd, 2014 at 10:02am: wrote on Oct 2nd, 2014 at 9:11am: Expecting people to work till they are 70 years old, is a ridiculous idea.      :(       Whatcha mean sonny, I am almost 70 and still do some work! We are not all useless you know!   :D It isn't about choosing to do it - this gives people no option when many are probably not capable. No way will I be able to be fully productive in the workforce at 70 if still above ground. what utter nonsense.  most 70yos are fit, healthy and more than capable of working - and many still do.  you can retire when you want.  you can get the pension with you are 70.  get over it. says someone who's idea of 'work'is to walk into a room and listen to someone else give a lecture  ;D ;D ;D ;D yeah... because that's all I do.  Just like a painter just paints a room.  nothing else. idiot.

Typical of you to not understand the nuances of modern language

Regardless of what you actually do, your work is not physical and you should stop trying to compare it to someone who's work is physical ...