Australian Politics Forum - Still borrowing $100 million per day?

Please delete Gold Member Offline Please delete this smacking PROFILE Posts: 2936	Re: Still borrowing $100 million per day? Reply #45 - Sep 13^th, 2010 at 4:39pm Treasury website has the current and peak projected debt levels. Hockey knows what they are, too, and there is simply no way that we are borrowing $100M per day.
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deepthought Gold Member Offline In Defence Of Liberty Posts: 2869	Re: Still borrowing $100 million per day? Reply #46 - Sep 13^th, 2010 at 9:48pm Please delete wrote on Sep 13^th, 2010 at 4:39pm: Treasury website has the current and peak projected debt levels. Hockey knows what they are, too, and there is simply no way that we are borrowing $100M per day. What are those figures?
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Bobby. Gold Member Offline Australian Politics Posts: 111078 Melbourne Gender:	Re: Still borrowing $100 million per day? Reply #47 - Sep 13^th, 2010 at 9:53pm Come on guys - Gillard never denied the $100 million per day figure.
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Bobby.

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Re: Still borrowing $100 million per day?
Reply #48 - Sep 13^th, 2010 at 10:02pm

qikvtec wrote on Sep 13^th, 2010 at 4:22pm:

# wrote on Sep 13^th, 2010 at 4:12pm:

Bobby. wrote on Sep 13^th, 2010 at 4:02pm:

You are all missing the point.

Why can't we live within our means?

Who says we aren't?

Last time I looked, the country still had the highest possible credit rating. Some knowledgeable and qualified people evidently think we are living within our means.

Is this the same ratings agencies that rated CDO's sold to local authorities as AAA paper, when in reality they were worse than junk?

Not only credit default swaps.
Our Banks were sucked into sub prime loans that had triple A ratings
just by getting involved with other Banks which did.
It's a global economy which means that our banks money can be
exposed to unknown risk.

This is not the type of environment where we should start borrowing.
Look what's happened to other countries which started down this path.
Many of them now have debt to GDP ratios of 90%.
That's what will happen to us if we don't stop it now.

We have to be smart and live within our means or perish along
with other economies.
There will be another downturn - it's just a question of when.
We have to be ready with some cash to spare - SURPLUS.

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mellie Gold Member Offline Australian Politics Posts: 8142 Sydney Gender:	Re: Still borrowing $100 million per day? Reply #49 - Sep 13^th, 2010 at 10:02pm Bobby. wrote on Sep 13^th, 2010 at 9:53pm: Come on guys - Gillard never denied the $100 million per day figure. But when will she stop spending this and begin working towards restoring a surplus? Or is she waiting for the mining companies to recover it for her?
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Bobby.

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Re: Still borrowing $100 million per day?
Reply #50 - Sep 13^th, 2010 at 10:05pm

mellie wrote on Sep 13^th, 2010 at 10:02pm:

Bobby. wrote on Sep 13^th, 2010 at 9:53pm:

Come on guys - Gillard never denied the $100 million per day figure.

But when will she stop spending this and begin working towards restoring a surplus?

Or is she waiting for the mining companies to recover it for her?

Mellie - if anyone really believes that Gillard will return a surplus
they need psychiatric attention.
Debt is in Labor genes.

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Sir lastnail

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Re: Still borrowing $100 million per day?
Reply #51 - Sep 13^th, 2010 at 10:10pm

Bobby. wrote on Sep 13^th, 2010 at 10:05pm:

mellie wrote on Sep 13^th, 2010 at 10:02pm:

Bobby. wrote on Sep 13^th, 2010 at 9:53pm:

Come on guys - Gillard never denied the $100 million per day figure.

But when will she stop spending this and begin working towards restoring a surplus?

Or is she waiting for the mining companies to recover it for her?

Mellie - if anyone really believes that Gillard will return a surplus
they need psychiatric attention.
Debt is in Labor genes.

Labor won't buy this local manufacturers electric car but will pay more for an inferior imported product.

http://www.ozpolitic.com/forum/YaBB.pl?num=1283994780

That is how labor thinks. Get the poorest value for money you can find and put it on the tax payers tab Sad

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Please delete Gold Member Offline Please delete this smacking PROFILE Posts: 2936	Re: Still borrowing $100 million per day? Reply #52 - Sep 14^th, 2010 at 5:27am "What are those figures?" I'm asking Bobby that same question, even giving him a hint where to look. "Come on guys - Gillard never denied the $100 million per day figure. " Why should she? Is that your whole case?
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deepthought

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Re: Still borrowing $100 million per day?
Reply #53 - Sep 14^th, 2010 at 5:48am

Please delete wrote on Sep 14^th, 2010 at 5:27am:

"What are those figures?"

I'm asking Bobby that same question, even giving him a hint where to look.

"Come on guys - Gillard never denied the $100 million per day figure. "

Why should she? Is that your whole case?

I didn't ask about the $100 million a day, I asked what the debt was according to the Treasury website.

Can you post the figures or link to the page?

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Re: Still borrowing $100 million per day?
Reply #54 - Sep 14^th, 2010 at 6:54am

Deepthought, with respect, I asked bobby that same question, and he hasn't answered it.

If he is going to parrot propaganda, I feel he should be able to flesh it out - how much Australia is in debt, what the peak debt is projected to be, and how on earth that could result in borrowing $36.5 Billion per annum.

The answer to your question is on the Treasury website, and was cited by Hockey in one of his speeches.

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Bobby.

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Re: Still borrowing $100 million per day?
Reply #55 - Sep 14^th, 2010 at 2:42pm

Please delete wrote on Sep 14^th, 2010 at 6:54am:

Deepthought, with respect, I asked bobby that same question, and he hasn't answered it.

If he is going to parrot propaganda, I feel he should be able to flesh it out - how much Australia is in debt, what the peak debt is projected to be, and how on earth that could result in borrowing $36.5 Billion per annum.

The answer to your question is on the Treasury website, and was cited by Hockey in one of his speeches.

Hold on a second.
I am the one asking the question in this thread.
The title of the thread is a question:
Can you see the question mark?
Quote:

Still borrowing $100 million per day?

I want someone else to confirm it for me.

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Re: Still borrowing $100 million per day?
Reply #56 - Sep 14^th, 2010 at 3:01pm

Bobby, you've raised this a hundred times, don't pretend you're not doing it to make a point.

Use your own brain - of course we are not borrowing $36.5B per annum. It's ridiculous, especially when you recall that at one stage they (and you) were saying that it was just the interest component.

And the attempt to say that Gillard agreed, because she didn't disagree is just poor debating.

So here's my challenge - You prove it's true, that it's not propaganda.

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Bobby.

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Re: Still borrowing $100 million per day?
Reply #57 - Sep 14^th, 2010 at 7:56pm

Please delete wrote on Sep 14^th, 2010 at 3:01pm:

Bobby, you've raised this a hundred times, don't pretend you're not doing it to make a point.

Use your own brain - of course we are not borrowing $36.5B per annum. It's ridiculous, especially when you recall that at one stage they (and you) were saying that it was just the interest component.

And the attempt to say that Gillard agreed, because she didn't disagree is just poor debating.

So here's my challenge - You prove it's true, that it's not propaganda.

Ernie - I can't prove it.
It was a major election issue & now we hear nothing about it.

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deepthought Gold Member Offline In Defence Of Liberty Posts: 2869	Re: Still borrowing $100 million per day? Reply #58 - Sep 14^th, 2010 at 8:59pm So Ernie, over to you. A link to the page?
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Bobby.

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Re: Still borrowing $100 million per day?
Reply #59 - Sep 14^th, 2010 at 9:15pm

deepthought wrote on Sep 14^th, 2010 at 8:59pm:

So Ernie, over to you.

A link to the page?

Thanks Deepthought,
I am going to keep this thread going till I get a proper answer.
I'm fed up that it was such a major election issue yet we
don't hear about it anymore e.g.
I watched most of Q & A last night - never mentioned.

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