Well we have heard Mr Abbott announcing spending here, and spending there, in his attempt to buy a few extra votes, and he has even told the mining companies he does not want their Billions of dollars in taxes, so he will give those back.
He also says he will get the budget back in surplus.

Now how do you spend more, take less, and get the budget back in the black?
You don't, obviously, even Mr Abbott knows that much, the thing that Mr Abbott is keeping very quiet is just where he plans to get the extra money to put things back in the black.

Well how about a rerun of a little hit from the past, GST?

Yes, how about 15%?
Not enough?
Nope, OK let's make it 17%, just to make the accountants work harder.

Am I the only person that thinks if Abbott gets in that the first thing he will do is raise the GST to 17% or higher, and all the time say, we are really sorry, but this was forced on us by Labor's economic mismanagement, so we are sticking our hands even deeper into your pockets.

I would like to see the sportsbet odds about the Libs raising the GST if they win this election, because they have already committed to handing back the 6 or 7 billion in taxes  to the mining companies, to put with the rest of their windfall profits, so somebody has top make up the shortfall.
I guess it will be us, with every tank of fuel, loaf of bread, and bottle of milk.

Hands up all those who do not believe the Libs will raise the GST.

Anyone?

Quote:

No, I'm afraid you're not, darwin said yesterday he expects them to raise it to 20%.
It makes sense that is what they will do, they have to get the money from somewhere, and the Lib supporters either refuse or just cant answer where the money is coming from, its a fair bet Abbott will raise the GST.
I'll bet he doesn't cut income tax when he does it either, under an Abbott government the people of Australia will do it as tuff as they did during the depresion, men women and children living on the streets hand to mouth while Australia burns.

nichy wrote on Aug 4^th, 2010 at 12:49pm:


Maybe you can explain how Abbott is going to fund his promises and return Australia to surplus then niche, because so far all the other Lib brigade have run off and hidden under a rock when asked the question.
I'll try it with you, how is Abbott going to fund everything?

Well nichy the thing about Labor's proposals is that they are all funded, no guesswork needed.

We know the Libs introduced the GST in the first place, and they have always maintained, at least privately, that it should be higher, most agree that around the 17% mark is what they consider the right mark.

Of course the Labor states would go along with it, because they just want more money, so the only people currently protecting us from this inflationary tax grab is Gillard's government.

Personally I am far happier seeing mining companies pay a little more from the untold billions they are reaping from our country's resources, than seeing pensioners and all the others who live from week to week, struggling to get by as prices start their inexorable rise under a raised GST.

What always goes hand in hand with rises like these is profiteering and price gouging from immoral companies who look upon the confusion that flows from such changes as an opportunity to exploit the public.
Yay Libs, screw over the average aussie in favour of billionaire mining companies, way to go.

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You cant 'hand back' something that hasnt even been collected yet! or passed thru the parliament!

skippy et al, I don't know how the libs will right the good ship Aussie that the alp have steered towards the rocks.

all their figures are costed by treasury.

i gave my answer, also, GST cannot be changed unless every state and the senate agree.
Given that most states are almost bankrupt due to alp state mismanagement, gst is more likely to rise under a big spending alp  than a small efficient lib team.

Abott will probably cycle to work

, thanks skippy

I don't know how the libs will get us under control again.
I do know that the alp rode us out of control from an ideal position, with little to show for it.
I do know our debt is rising daily, it is not an issue this week, but it will become one. excessive debt is what sunk the US and europe.

from experience, I know the libs are the ones for financial control and the ALP are useless at business.
if anything, the alp have got worse.


I do know abbott gets results. he is a performer.

Sprintcyclist wrote on Aug 4^th, 2010 at 1:37pm:

Sprint you still cant show us how Abbott will do any better if not worse.
Like it or not at least the ALP have there policies out there and costed, like it or not the ALP plans to have a mining tax to get us into surplus.
Thankyou for at least having a go though, none of the others want to talk about what Abbott will do and how he'll fund it.