Life_goes_on wrote on Aug 1^st, 2010 at 6:12pm:


which proves nothing unless you are willing to explain anything that Bolt said was inaccruate. but that would challeng you I think. Misinterpration of comments are a left-wing speciality.

For crying out loud skippy, stop using abuse and personal attacks, PLEASE.

You do not have to explain your frustration at reading longweekends posts, as they are some of the more "inventive" ones we have seen for a while, and they are so partisan that it beggars belief, but you can address them, without lowering yourself to just personal abuse, no matter how much simple a F you, may seem appropriate.

With the current polls building up their hopes and expectations, they are beside themselves with anticipation, which just means their defeat will hurt them all the more, when it comes.

I would like to point out the way the Liberals are twisting the truth about the $100 million borrowing a day we are doing.

The way the Liberals are saying it the Federal Goverment is only one borrowing all the money.

It's not only the Goverment borrowing the money it is everyone applying for any type of credit, eg banks borrow from one another all the time, Business using their overdraft, people using their credit cards, people applying for home loans, people getting interest only loans for a lot of different things.

The Federal, State and Local Goverments borrow money as well so the $100 millions are not all the Federal Goverment doings.

So when you Liberals post something tell the FULL STORY and not the half that suits your agenda.

longweekend58 wrote on Aug 2^nd, 2010 at 11:08am:



RESERVE Bank Governor Glenn Stevens has undermined one of the key Coalition election policy planks, declaring Australia has ''virtually no net public debt''.

As Tony Abbott was in Melbourne pledging $1.2 billion in spending cuts and a ''complete focus on getting debt and deficit under control'', the Reserve chief was in Sydney preparing to deliver a speech that countered some of the debt arguments point by point.


But in an unwelcome sign for Prime Minister Julia Gillard, Mr Stevens indicated the Reserve would raise interest rates at its meeting on August 3 - less than three weeks before the election - if circumstances required it.


Mr Stevens said the board would ''consider all the issues for the economy and do its job. What else do people expect?''


The key to whether there will be a rate rise during the campaign will be next Wednesday's inflation figures. Yesterday the RBA took the unprecedented step of nominating the underlying inflation figure that spells danger for Labor: 3 per cent.


The central bank wants to make next month's process as clear as possible, after apparently taking former prime minister John Howard by surprise when it lifted interest rates before the 2007 election - something it had not previously done during a campaign.


And while the bank says now it expects underlying inflation for the June quarter to come in below 3 per cent, it has made it clear it will not hesitate to lift interest rates if the figure turns out to be above 3.


Mr Abbott, meanwhile, said a Coalition government would withhold from the states hundreds of millions of dollars in promised infrastructure spending in order to get the federal budget back into surplus.


Announcing $1.2 billion in spending cuts, he also promised to take the knife to a range of government initiatives including former prime minister Kevin Rudd's proposed global carbon capture and storage institute, and his bid for Australia to get a seat on the United Nations Security Council.


Climate programs would be slashed by a total $345 million, bringing cuts in the area to more than $2 billion since the budget.

The Coalition would also scrap community cabinet meetings, saving $40 million over the budget period, and the number of Council of Australian Government meetings would be capped at two a year - down from four in each of 2009 and 2008.

And a Coalition government would insist that unions pay the full cost of running internal elections monitored by the Australian Electoral Commission, a measure worth about $25 million over four years.

''As every small business right around Australia knows, as every household knows, over the last three years there's been a lot of belt tightening,'' Mr Abbott said. ''If households and small business, if families have got to tighten their belt, it's only right and proper that government should be tightening its belt too.

''Debt and deficit is probably the critical issue of this campaign. The government is borrowing $100 million a day, every day, over the course of this campaign, debt will increase by $3.5 billion because of the spending spree of the Rudd-Gillard government.''

But Mr Stevens said that although higher public debt levels were ''largely unavoidable'' for major economies, there was ''virtually no net public debt in [Australia] at all in contrast to much of the developed world''.

''The most recent figures out of Canberra was a peak of 5 or 6 per cent of GDP. So far from that being the highest in history, it is closer to the lowest,'' Mr Stevens said.

Minutes from this month's Reserve board meeting, released yesterday, also undercut the Coalition's criticism of recent government spending levels, saying the stimulus made a ''sizeable'' contribution to the economy's recovery.

But shadow treasurer Joe Hockey said he saw no conflict between the Reserve Bank's view that public spending supported the economy and his view that it harmed it. ''The Reserve Bank's minutes are looking backwards, we are looking forwards,'' he told The Age.


The Reserve minutes also say the June quarter inflation figure is expected to be ''a little above 3 per cent'' on an annual basis when it is revealed next Wednesday.

But the minutes caution that this is not the figure to watch for the next move on interest rates, as it will be distorted by a one-off 25 per cent increase in tobacco tax.

Instead, the bank will watch the underlying rate of inflation, which it expects ''to be below 3 per cent for the first time in three years''.

Should underlying inflation not fall below 3 per cent, the Reserve will be minded to act. ''The important consideration for the board at its next meeting would be whether the new inflation materially changed the medium-term outlook for inflation,'' it said.

The one qualification, also spelt out in the minutes, is that the board will want to be sure conditions in Europe do not deteriorate.

That is from Queensland Country life

http://qcl.farmonline.com.au/news/nationalrural/agribusiness-and-general/political/sorry-tony-no-debt-rba/1890766.aspx?storypage=1

If we got no debt like Glen Stevens is saying. Why then is Abbott saying Goverment is borrow $100 million a day?

||If we got no debt like Glen Stevens is saying. Why then is Abbott saying Goverment is borrow $100 million a day? 
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Glenn stevens comment was most curious since treasury and labor both say we have over $100B in govt debt and a $50B+ deficit. His rationale for this statement was in comparison to other countries in that we ahve far less debt than most. but the day $100B is 'close to zero' is the day we order him back to primary school for a lesson on arithmetic.

skippy. wrote on Aug 2^nd, 2010 at 12:24pm:



So you would never attack a poster with outragious lies for no reason other than you felt like it?

Good to know

skippy. wrote on Aug 2^nd, 2010 at 12:24pm:


'Partisan' I wear with pride. POlitics is after all a partisan sport. but please dont think that partisan implies inaccurate because I am not. if you want to dispute me then do so but with some facts not opinions or ideologies.

try again.

Fair enough Skippy, I just prefer to see more inventive descriptions than the word liar, it just seems a little lazy.
I know that we are being inundated under a sea of right wing garbage as the Lib supporters are over excited with their premature self congratulation, but be the better man, and do not fall prey to the low blow, no matter how much someone may seem to be asking for it.

I just picked your post as an example, and I expect others have said far worse, but it is just a reminder for all of us, to keep our heads, and not really meant to highlight you as being the main culprit.

In another thread I had sprint have a go at me for a joke, and if it was someone new who did not know my sense of humour, I would have understood, but from sprint, it was pissweak.

Just because he is getting overly excited at the prospect of polls saying the Libs are in with a show, all the blood has rushed from his brain.

So, to everyone, and nobody in particular, try and play nice, if you are going to use insults, at least try and make them as inoffensive as possible, and a little entertaining, as we are not changing the world, let alone anybody's minds, with our opinions.