Can't wait to boot out this incompetent lot next year.

https://www.news.com.au/finance/economy/australian-economy/myefo-jim-chalmers-confirms-total-deficits-to-grow-by-219bn-by-202728/news-story/c4f8565b9bc0b697386d87e91e5f78c3

Armchair_Politician wrote on Dec 18^th, 2024 at 12:25pm:

Can't wait to boot out this incompetent lot next year. https://www.news.com.au/finance/economy/australian-economy/myefo-jim-chalmers-confirms-total-deficits-to-grow-by-219bn-by-202728/news-story/c4f8565b9bc0b697386d87e91e5f78c3

A 'slash and burn' budget from the Coalition would be even worse; government spending is the only reason Oz isn't in recession now. 

But why should a currency-issuing government be forced to borrow money from (ie, sell bonds to ) rich people - people who don't need interest payments on their spare cash paid by the public sector?

Consumption by rich people, as well as poor people for whom the essentials are also vital, needs to be controlled if supply chains are inadequate and causing inflation.

["Stop getting haircuts", the fool Bullock said, living on her fat salary - what an amoral  loser, haircuts are the last of people's problems.]

And as expected, the dumb mainstream media are banging on about the government's  "budgets as far as the eye can see" bs; just shows how blind people are, when it comes to the government's macro-economic management - not the same as micro-economics and the  household budget;  ignoring the effect of cutting debt  on the people who rely on government spending.

Hence Germany, France and now Canada - the latest examples of governments who are collapsing under fiscal pressures. 

Inflation explained by the next Conservative Canadian PM

https://x.com/elonmusk/status/1876503555739415034

On ACA right now - failure of the Northern borders impacting on Aborigines - they're scared, and are calling on The Invaders to stop the New Invaders.

Illegal Immigrants arriving unnoticed they say... only Aboriginal Rangers to stop them and ask questions.

thegreatdivide wrote on Dec 18^th, 2024 at 12:53pm:

Armchair_Politician wrote on Dec 18th, 2024 at 12:25pm: Can't wait to boot out this incompetent lot next year. https://www.news.com.au/finance/economy/australian-economy/myefo-jim-chalmers-confirms-total-deficits-to-grow-by-219bn-by-202728/news-story/c4f8565b9bc0b697386d87e91e5f78c3 A 'slash and burn' budget from the Coalition would be even worse; government spending is the only reason Oz isn't in recession now.  But why should a currency-issuing government be forced to borrow money from (ie, sell bonds to ) rich people - people who don't need interest payments on their spare cash paid by the public sector? Consumption by rich people, as well as poor people for whom the essentials are also vital, needs to be controlled if supply chains are inadequate and causing inflation. ["Stop getting haircuts", the fool Bullock said, living on her fat salary - what an amoral  loser, haircuts are the last of people's problems.]

We are still paying for the colossal debt run up by Rudd/Gillard/Rudd2.0 and will be for some time to come. Can’t keep spending like it’s free.

Australia will need gas imports despite 2025 surplus, ACCC warns

The admission will elevate concern about how Australia — one of the world’s largest LNG exporters — is forced to import gas to meet demand from Victoria and NSW



If Albo and Chwissy Bowels were in charge of Saudi Arabia they would need to import sand.

Armchair_Politician wrote on Dec 18^th, 2024 at 12:25pm:

Can't wait to boot out this incompetent lot next year.

yes, after being a lifelong liberal party supporter, i can see why a successful government would scare you

---

John Smith wrote on Jan 10^th, 2025 at 12:06pm:

Armchair_Politician wrote on Dec 18th, 2024 at 12:25pm: Can't wait to boot out this incompetent lot next year. yes, after being a lifelong liberal party supporter, i can see why a successful government would scare you

The deliberately hidden source of that comparison table?

Labor H/O.

Frank wrote on Jan 10^th, 2025 at 12:09pm:

John Smith wrote on Jan 10th, 2025 at 12:06pm: Armchair_Politician wrote on Dec 18th, 2024 at 12:25pm: Can't wait to boot out this incompetent lot next year. yes, after being a lifelong liberal party supporter, i can see why a successful government would scare you The deliberately hidden source of that comparison table? Labor H/O.

Who cares? which of the points on that table are incorrect? You don't need the source to dispute what it says

So what is the source of the graphic? The date of it? Before after COVID? Interested people want to know.  ::)

lee wrote on Jan 10^th, 2025 at 12:21pm:

So what is the source of the graphic? The date of it? Before after COVID? Interested people want to know.  ::)

your desperation is showing ... the graph is talking about the current government you dumbarse :D :D

John Smith wrote on Jan 10^th, 2025 at 12:24pm:

the graph is talking about the current government you dumbarse

How can anyone tell? It is just a pretty picture with no attribution. ::)

Btw- the graphic is out of date. The two surpluses are no more. Because of iron ore prices. ::)

lee wrote on Jan 10^th, 2025 at 12:27pm:

How can anyone tell?

lee wrote on Jan 10^th, 2025 at 12:27pm:

The two surpluses

:D :D :D :D

unless you think they're talking about the two back to back surpluses pre covid ;D ;D ;D


lee wrote on Jan 10^th, 2025 at 12:27pm:

The two surpluses are no more

it doesn't say they are in surplus now you dumbrase ::)


Have an adult read it to you if it's so hard for you

John Smith wrote on Jan 10^th, 2025 at 12:32pm:

it doesn't say they are in surplus now you dumbrase

;D ;D ;D ;D ;D ;D ;D ;D

So their pretty picture is not representative of the current truth. ;D ;D ;D ;D ;D

Labor produced 2 surpluses and a 200 Billion improvement over the prior Liberal budgets.

Combined the Labor financial performance has been better than the Liberals had left or the next Liberal government will produce.

Armchair_Politician wrote on Jan 8^th, 2025 at 8:01am:

thegreatdivide wrote on Dec 18th, 2024 at 12:53pm: Armchair_Politician wrote on Dec 18th, 2024 at 12:25pm: Can't wait to boot out this incompetent lot next year. https://www.news.com.au/finance/economy/australian-economy/myefo-jim-chalmers-confirms-total-deficits-to-grow-by-219bn-by-202728/news-story/c4f8565b9bc0b697386d87e91e5f78c3 A 'slash and burn' budget from the Coalition would be even worse; government spending is the only reason Oz isn't in recession now.  But why should a currency-issuing government be forced to borrow money from (ie, sell bonds to ) rich people - people who don't need interest payments on their spare cash paid by the public sector? Consumption by rich people, as well as poor people for whom the essentials are also vital, needs to be controlled if supply chains are inadequate and causing inflation. ["Stop getting haircuts", the fool Bullock said, living on her fat salary - what an amoral  loser, haircuts are the last of people's problems.] We are still paying for the colossal debt run up by Rudd/Gillard/Rudd2.0 and will be for some time to come. Can’t keep spending like it’s free.

Afraid that the real problem was created by Howard / Costello where they geared the economy to require 100 year record performance to just break even. Their tax cuts were not affordable and irresponsible. They geared Australia to fail in the GFC and to not be able to recover. Ther had locked in unaffordable spending combined with insufficient government income. 

Labor have been unspectacular but not a failure to the extent that the Liberals were.

Bill Shorten- a complete failure till the very end:

https://www.abc.net.au/news/2025-01-10/ndis-access-fails-at-first-financial-hurdle/104799316

Dnarever wrote on Jan 10^th, 2025 at 1:55pm:

Labor produced 2 surpluses and a 200 Billion improvement over the prior Liberal budgets. Combined the Labor financial performance has been better than the Liberals had left or the next Liberal government will produce.

Labor is losing control of a broken budget
Despite near-record government revenues, a spending surge is causing a big blowout in budget deficits over future years.

John Kehoe
Economics editor
Dec 18, 2024 – 10.33am

Australian Financial Review

lee wrote on Jan 10^th, 2025 at 1:07pm:

John Smith wrote on Jan 10th, 2025 at 12:32pm: it doesn't say they are in surplus now you dumbrase ;D ;D ;D ;D ;D ;D ;D ;D So their pretty picture is not representative of the current truth. ;D ;D ;D ;D ;D

you either can't read or you don't understand what you are reading. Their picture is a comparison between the current labor govt and the previous  liberal govts.
I know it pains you to have to face the reality of just how stupid you are for having been their cheerleader for so long, but the sooner you face reality, the easier it will be for you

John Smith wrote on Jan 10^th, 2025 at 5:31pm:

Their picture is a comparison between the current labor govt and the previous  liberal govts.

But NOT the current position. That requires you to do some thinking. Never mind. It just shows how fleeting these things are. ;D ;D ;D ;D ;D

Why not go back to previous Labor governments? Swan? ;)

Quote:

The Final Budget Outcome for 2022‑23 [PDF 2.6MB] shows the Albanese Government’s responsible economic management and spending restraint has delivered the first budget surplus in 15 years. The underlying cash balance was a surplus of $22.1 billion (0.9 per cent of GDP) in 2022‑23, a dramatic improvement from the forecast $77.9 billion deficit we inherited from the previous government.

the previous surplus 15 years ago was the 2007/8 Budget (Rudd).

Gillard, Abbott, Turnbull and Morrison all produced Deficits.

Historically more Labor PM's have produced surpluses than Liberals. This long term trend is reproduced in recent history.

Quote:

The Final Budget Outcome for 2023–24 shows the Albanese Government’s responsible economic management has delivered a second consecutive budget surplus. The Albanese Government has delivered the first back‑to‑back surpluses in nearly two decades. Today’s underlying cash surplus of $15.8 billion (0.6 per cent of GDP) follows the $22.1 billion (0.9 per cent of GDP) surplus delivered in 2022–23. In dollar terms, these are the biggest back‑to‑back surpluses on record.

Overall a pass mark.

Dnarever wrote on Jan 10^th, 2025 at 8:54pm:

Quote: The Final Budget Outcome for 2023–24 shows the Albanese Government’s responsible economic management has delivered a second consecutive budget surplus. The Albanese Government has delivered the first back‑to‑back surpluses in nearly two decades. Today’s underlying cash surplus of $15.8 billion (0.6 per cent of GDP) follows the $22.1 billion (0.9 per cent of GDP) surplus delivered in 2022–23. In dollar terms, these are the biggest back‑to‑back surpluses on record. Overall a pass mark.

Deficits for the next 10 years.

Frank wrote on Jan 10^th, 2025 at 9:55pm:

Dnarever wrote on Jan 10th, 2025 at 8:54pm: Quote: The Final Budget Outcome for 2023–24 shows the Albanese Government’s responsible economic management has delivered a second consecutive budget surplus. The Albanese Government has delivered the first back‑to‑back surpluses in nearly two decades. Today’s underlying cash surplus of $15.8 billion (0.6 per cent of GDP) follows the $22.1 billion (0.9 per cent of GDP) surplus delivered in 2022–23. In dollar terms, these are the biggest back‑to‑back surpluses on record. Overall a pass mark. Deficits for the next 10 years.

http://australiandebtclock.com.au/


National Government Debt  $1.244  trillion

Total Government Debt   $2  trillion

lee wrote on Jan 10^th, 2025 at 6:12pm:

John Smith wrote on Jan 10th, 2025 at 5:31pm: Their picture is a comparison between the current labor govt and the previous  liberal govts. But NOT the current position. That requires you to do some thinking. Never mind. It just shows how fleeting these things are. ;D ;D ;D ;D ;D Why not go back to previous Labor governments? Swan? ;)

fleeting? In over a decade the libs failed to produce any surpluses, let alone consecutive ones .... thats how fleeting it is ;D ;D

No more tolerance for people who openly call Jews “Nazis”, celebrate the atrocities of October 7, wave terrorist flags, chant “globalise the intifada” and call for the abolition of the state of Israel.

These people are not Israel’s problem, they are Australia’s problem. They have no impact on the Middle East, contribute nothing to a balanced legitimate debate and sow only domestic division and hate.

If the federal government thinks it can sidestep this issue it is wrong. Every week there are numerous examples of how the government’s failure to take decisive action is infecting our daily lives. People are taking notice. People are fed up.

There have been disruptive demonstrators at everything from the Myer Christmas windows to performances by American comedian Jerry Seinfeld, from the local university campus to the main shopping strip of our local CBD. And now we learn this week that Ice Hockey Australia is no longer hosting the Men’s World Championships in Melbourne because of the violent protests Israel’s participation is expected to attract.

In the leaked email, Ice Hockey Australia’s president is reported as saying: “It was concluded just prior to Christmas that we could not host due to significant safety and security risks associated with Israel’s participation.”

It’s unbelievable that here in Australia, a country known as the sporting capital of the world, authorities could not stand up for what is right and deliver for the athletes and spectators a safe event.
Josh Frydenberg

John Smith wrote on Jan 11^th, 2025 at 9:25am:

In over a decade the libs failed to produce any surpluses, let alone consecutive ones .... thats how fleeting it is

And never let world events get in the way of your bias. ;D ;D ;D ;D ;D ;D