Australian Politics Forum - Swan scores own goal with new Audit regime

namnugenot

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Re: Swan scores own goal with new Audit regime
Reply #30 - Feb 22^nd, 2013 at 5:19pm

cods wrote on Feb 22^nd, 2013 at 3:36pm:

John Smith wrote on Feb 22^nd, 2013 at 3:31pm:

cods wrote on Feb 22^nd, 2013 at 3:27pm:

sir prince duke alevine wrote on Feb 22^nd, 2013 at 1:17pm:

Maqqa wrote on Feb 22^nd, 2013 at 1:13pm:

Armchair_Politician wrote on Feb 22^nd, 2013 at 12:38pm:

One simple fact in economics seems to escape Swan. If you spend more money than you get, you cannot have a surplus. Swan is addicted to spending and sees it as the solution to every problem. Can't wait to hear him whine from Opposition about Abbott's cutbacks to pay for Swan's debt. Mark my words - Swan will be screaming from the rooftops how out of touch and hurtful Abbott is to Australian families but will conveniently leave out the fact that it was his reckless spending that forced Abbott to make those drastic decisions.

hit the nail on the head there

instead of admitting they got it wrong - Labor goes from one disaster to another

Labor accuse Abbott of cutting give aways that they announced in last year's Budget

But we can't afford it

The way we can afford it is to increase the national debt to beyond the current $250B

Wow look at dumb and dumber agreeing with each other. Care to remind us, dumbies, what the government's spending increases vs. gdp growth have been? Grin

how about asking swanny about his stimulus.. the one he has been giving since 2008.....

how about you ask him about the NBN that he craftily made NBN Co.. to take it artifcially out of his budget...LOL

all being upheld by borrowings??????

whos the dummy???? he knows you came down with yesterdays shower... but he forgets about the rest of us..

oh dont even talk about the BOAT PEOPLE I doubt even swanny knows the cost of that..

the thing thats GROWING IN THIS COUNTRY IS LABOR DEBT>>>

how about you learn how things work instead of just parroting liberal mantra? ... any accountant will tell you, all you have to do is ask

oh god not another deranged reply...sob come and get your sock...

Interesting you say the mining boom died in the arse in 2007 because the world economy started tanking. So that would explain the introduction of the super profits tax, and resources rent tax all premised on the squillions of dollars miners were raking in.

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perceptions_now

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Re: Swan scores own goal with new Audit regime
Reply #31 - Feb 22^nd, 2013 at 6:05pm

namnugenot wrote on Feb 22^nd, 2013 at 5:19pm:

cods wrote on Feb 22^nd, 2013 at 3:36pm:

John Smith wrote on Feb 22^nd, 2013 at 3:31pm:

cods wrote on Feb 22^nd, 2013 at 3:27pm:

sir prince duke alevine wrote on Feb 22^nd, 2013 at 1:17pm:

Maqqa wrote on Feb 22^nd, 2013 at 1:13pm:

Armchair_Politician wrote on Feb 22^nd, 2013 at 12:38pm:

One simple fact in economics seems to escape Swan. If you spend more money than you get, you cannot have a surplus. Swan is addicted to spending and sees it as the solution to every problem. Can't wait to hear him whine from Opposition about Abbott's cutbacks to pay for Swan's debt. Mark my words - Swan will be screaming from the rooftops how out of touch and hurtful Abbott is to Australian families but will conveniently leave out the fact that it was his reckless spending that forced Abbott to make those drastic decisions.

hit the nail on the head there

instead of admitting they got it wrong - Labor goes from one disaster to another

Labor accuse Abbott of cutting give aways that they announced in last year's Budget

But we can't afford it

The way we can afford it is to increase the national debt to beyond the current $250B

Wow look at dumb and dumber agreeing with each other. Care to remind us, dumbies, what the government's spending increases vs. gdp growth have been? Grin

how about asking swanny about his stimulus.. the one he has been giving since 2008.....

how about you ask him about the NBN that he craftily made NBN Co.. to take it artifcially out of his budget...LOL

all being upheld by borrowings??????

whos the dummy???? he knows you came down with yesterdays shower... but he forgets about the rest of us..

oh dont even talk about the BOAT PEOPLE I doubt even swanny knows the cost of that..

the thing thats GROWING IN THIS COUNTRY IS LABOR DEBT>>>

how about you learn how things work instead of just parroting liberal mantra? ... any accountant will tell you, all you have to do is ask

oh god not another deranged reply...sob come and get your sock...

Interesting you say the mining boom died in the arse in 2007 because the world economy started tanking. So that would explain the introduction of the super profits tax, and resources rent tax all premised on the squillions of dollars miners were raking in.

That could be a little early, I would have thought that late 2011 & 2012, was when the OZ mining industry started to be overtly affected!

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Armchair_Politician

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Re: Swan scores own goal with new Audit regime
Reply #32 - Feb 22^nd, 2013 at 6:23pm

Swan has some gall lecturing the Coalition when this fool can't even keep his promise to produce a relatively modest surplus and the government of which he is Deputy PM seems inherently incapable of keeping its promises and ensuring policies, plans, scheme's are finished on or under budget!!! Yeah, I doubt anyone will take his posturing seriously.

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longweekend58

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Re: Swan scores own goal with new Audit regime
Reply #33 - Feb 22^nd, 2013 at 6:55pm

Doctor Jolly wrote on Feb 22^nd, 2013 at 12:34pm:

I dont see how releasing the figures after the election helps voters decide. ?

Unless he's playing for the DD election, so by the time the 2nd election comes around the figures are on the board.

you would think that publishing them BEFORE the election would make more sense. 30 days after is just fast enough that abbott cant legislate to stop it. Swan knows he is going down so he is preparing as many landmines as he can.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: Swan scores own goal with new Audit regime
Reply #34 - Feb 22^nd, 2013 at 7:00pm

sir prince duke alevine wrote on Feb 22^nd, 2013 at 1:17pm:

Maqqa wrote on Feb 22^nd, 2013 at 1:13pm:

Armchair_Politician wrote on Feb 22^nd, 2013 at 12:38pm:

One simple fact in economics seems to escape Swan. If you spend more money than you get, you cannot have a surplus. Swan is addicted to spending and sees it as the solution to every problem. Can't wait to hear him whine from Opposition about Abbott's cutbacks to pay for Swan's debt. Mark my words - Swan will be screaming from the rooftops how out of touch and hurtful Abbott is to Australian families but will conveniently leave out the fact that it was his reckless spending that forced Abbott to make those drastic decisions.

hit the nail on the head there

instead of admitting they got it wrong - Labor goes from one disaster to another

Labor accuse Abbott of cutting give aways that they announced in last year's Budget

But we can't afford it

The way we can afford it is to increase the national debt to beyond the current $250B

Wow look at dumb and dumber agreeing with each other. Care to remind us, dumbies, what the government's spending increases vs. gdp growth have been? Grin

the difference between $22B surplus and $250B debt. this wanky GDP percentage is how these dropkicks get into trouble by saying crap like 'we are spending less as a percet of GDP that Howard' while forgetting that they are spending far more than they get in.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: Swan scores own goal with new Audit regime
Reply #35 - Feb 22^nd, 2013 at 7:02pm

Doctor Jolly wrote on Feb 22^nd, 2013 at 2:28pm:

Its pretty obvious to most economists that Abbott will send the country into recession if he gets in. He is against government stimulus which has kept us out of recession during the GFC, and plans to cut back services (Austerity) as soon as he gets in. That, combined with commodity price downturns, will cause a "tightening of the belts" especially from the 20,000 public service workers out of work, which will impact retail and spending in general. This will tip the economy into stagnation or negative growth for a period.

This is a fact. It may not be a bad thing or a good thing, but we will be in recession for a good part of 2014 if results go as predicted.

No unbiased economist will tell you this is the time to aim for surpluses.

you mean the same unbiased economists that couldnt see the GFC coming and the same ones that told the govts to spend up big so that they are now in so much debt they are at risk of collapse???

pass....

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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longweekend58

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Re: Swan scores own goal with new Audit regime
Reply #36 - Feb 22^nd, 2013 at 7:04pm

John Smith wrote on Feb 22^nd, 2013 at 3:16pm:

The important question here is why would anyone object to costing being revealed after the election? Unless you plan on bullsh iting all the way through the election. Is that why the libs are objecting to this?

because it is just a labor landmine because they know they cant win. they will be planting all kinds of troubles to trip up the incoming govt. this is just another one. this way they can make HUGE promises hoping to reduce the losing margin knowing that the costings wont be revealed.

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AUSSIE: "Speaking for myself, I could not care less about 298 human beings having their life snuffed out in a nano-second, or what impact that loss has on Members of their family, their parents..."

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perceptions_now

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Re: Swan scores own goal with new Audit regime
Reply #37 - Feb 22^nd, 2013 at 7:37pm

longweekend58 wrote on Feb 22^nd, 2013 at 6:55pm:

Doctor Jolly wrote on Feb 22^nd, 2013 at 12:34pm:

I dont see how releasing the figures after the election helps voters decide. ?

Unless he's playing for the DD election, so by the time the 2nd election comes around the figures are on the board.

you would think that publishing them BEFORE the election would make more sense. 30 days after is just fast enough that abbott cant legislate to stop it. Swan knows he is going down so he is preparing as many landmines as he can.

I agree & would suggest that it should be legislated that both major party's should have to submit their "election promises" to Treasury, at least 90 days prior to election, so that Treasury estimates can be published 60 days prior to the election!

Further and partially to enable the above process, elections should be "fixed" on a set date, say around October/November or March/April.

Further, to assist in raising Productivity, all Federal & State elections should be held at the same time.

To further assist in raising Productivity, Local Council elections should not be held at all, as Local Councils should be abandoned, in favour of rolling them up into a single Federal authority.

Finally, these elections should be held every 4 years!

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perceptions_now

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Re: Swan scores own goal with new Audit regime
Reply #38 - Feb 22^nd, 2013 at 8:23pm

longweekend58 wrote on Feb 22^nd, 2013 at 7:00pm:

sir prince duke alevine wrote on Feb 22^nd, 2013 at 1:17pm:

Maqqa wrote on Feb 22^nd, 2013 at 1:13pm:

Armchair_Politician wrote on Feb 22^nd, 2013 at 12:38pm:

One simple fact in economics seems to escape Swan. If you spend more money than you get, you cannot have a surplus. Swan is addicted to spending and sees it as the solution to every problem. Can't wait to hear him whine from Opposition about Abbott's cutbacks to pay for Swan's debt. Mark my words - Swan will be screaming from the rooftops how out of touch and hurtful Abbott is to Australian families but will conveniently leave out the fact that it was his reckless spending that forced Abbott to make those drastic decisions.

hit the nail on the head there

instead of admitting they got it wrong - Labor goes from one disaster to another

Labor accuse Abbott of cutting give aways that they announced in last year's Budget

But we can't afford it

The way we can afford it is to increase the national debt to beyond the current $250B

Wow look at dumb and dumber agreeing with each other. Care to remind us, dumbies, what the government's spending increases vs. gdp growth have been? Grin

the difference between $22B surplus and $250B debt. this wanky GDP percentage is how these dropkicks get into trouble by saying crap like 'we are spending less as a percet of GDP that Howard' while forgetting that they are spending far more than they get in.

For those who don't know!
Surpluses or Deficits, are annual, whereas Debt is the Total accumulation of those Surpluses or Deficits.

Again, for those who don't know!
Whether it is Expenditure to GDP % OR the Debt to GDP %, both are valuable Economic/Accounting tools.
Both provide a reasonable performance guide, as to how one government compares against others, although there can be some inaccuracy "problems" built in, by some governments looking to "paint pictures/SPIN", rather than provide accurate information!

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John Smith

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Re: Swan scores own goal with new Audit regime
Reply #39 - Feb 22^nd, 2013 at 9:11pm

longweekend58 wrote on Feb 22^nd, 2013 at 6:55pm:

Doctor Jolly wrote on Feb 22^nd, 2013 at 12:34pm:

I dont see how releasing the figures after the election helps voters decide. ?

Unless he's playing for the DD election, so by the time the 2nd election comes around the figures are on the board.

you would think that publishing them BEFORE the election would make more sense. 30 days after is just fast enough that abbott cant legislate to stop it. Swan knows he is going down so he is preparing as many landmines as he can.

he can only plant landmines if Abbott is lying about his costings .... tell the truth and he has nothing to fear.

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Our esteemed leader:
I hope that bitch who was running their brothels for them gets raped with a cactus.

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progressiveslol

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Re: Swan scores own goal with new Audit regime
Reply #40 - Feb 22^nd, 2013 at 9:27pm

Swan scores own goal and in the attempt of stopping what his party has done and will continue to do and that is, get elected and into power at any cost. Even if that means lying to the people of Australia and selling them out.

So what is it exactly that he thinks he is stopping. Stopping the labor party perhaps.

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Maqqa

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14% - that low?!

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Re: Swan scores own goal with new Audit regime
Reply #41 - Feb 23^rd, 2013 at 9:26am

John Smith wrote on Feb 22^nd, 2013 at 9:11pm:

longweekend58 wrote on Feb 22^nd, 2013 at 6:55pm:

Doctor Jolly wrote on Feb 22^nd, 2013 at 12:34pm:

I dont see how releasing the figures after the election helps voters decide. ?

Unless he's playing for the DD election, so by the time the 2nd election comes around the figures are on the board.

you would think that publishing them BEFORE the election would make more sense. 30 days after is just fast enough that abbott cant legislate to stop it. Swan knows he is going down so he is preparing as many landmines as he can.

he can only plant landmines if Abbott is lying about his costings .... tell the truth and he has nothing to fear.

but Abbott's costs are based on Swan's costings - and we all know how bad Swan's costings are

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Maqqa

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14% - that low?!

Posts: 16000

Re: Swan scores own goal with new Audit regime
Reply #42 - Feb 23^rd, 2013 at 9:27am

perceptions_now wrote on Feb 22^nd, 2013 at 8:23pm:

longweekend58 wrote on Feb 22^nd, 2013 at 7:00pm:

sir prince duke alevine wrote on Feb 22^nd, 2013 at 1:17pm:

Maqqa wrote on Feb 22^nd, 2013 at 1:13pm:

Armchair_Politician wrote on Feb 22^nd, 2013 at 12:38pm:

One simple fact in economics seems to escape Swan. If you spend more money than you get, you cannot have a surplus. Swan is addicted to spending and sees it as the solution to every problem. Can't wait to hear him whine from Opposition about Abbott's cutbacks to pay for Swan's debt. Mark my words - Swan will be screaming from the rooftops how out of touch and hurtful Abbott is to Australian families but will conveniently leave out the fact that it was his reckless spending that forced Abbott to make those drastic decisions.

hit the nail on the head there

instead of admitting they got it wrong - Labor goes from one disaster to another

Labor accuse Abbott of cutting give aways that they announced in last year's Budget

But we can't afford it

The way we can afford it is to increase the national debt to beyond the current $250B

Wow look at dumb and dumber agreeing with each other. Care to remind us, dumbies, what the government's spending increases vs. gdp growth have been? Grin

the difference between $22B surplus and $250B debt. this wanky GDP percentage is how these dropkicks get into trouble by saying crap like 'we are spending less as a percet of GDP that Howard' while forgetting that they are spending far more than they get in.

For those who don't know!
Surpluses or Deficits, are annual, whereas Debt is the Total accumulation of those Surpluses or Deficits.

Again, for those who don't know!
Whether it is Expenditure to GDP % OR the Debt to GDP %, both are valuable Economic/Accounting tools.
Both provide a reasonable performance guide, as to how one government compares against others, although there can be some inaccuracy "problems" built in, by some governments looking to "paint pictures/SPIN", rather than provide accurate information!

And the performance was better when debt was ZERO!!!

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Bill 14% is not the alcohol content of that wine. It's your poll number

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Maqqa

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14% - that low?!

Posts: 16000

Re: Swan scores own goal with new Audit regime
Reply #43 - Feb 23^rd, 2013 at 9:28am

perceptions_now wrote on Feb 22^nd, 2013 at 7:37pm:

longweekend58 wrote on Feb 22^nd, 2013 at 6:55pm:

Doctor Jolly wrote on Feb 22^nd, 2013 at 12:34pm:

I dont see how releasing the figures after the election helps voters decide. ?

Unless he's playing for the DD election, so by the time the 2nd election comes around the figures are on the board.

you would think that publishing them BEFORE the election would make more sense. 30 days after is just fast enough that abbott cant legislate to stop it. Swan knows he is going down so he is preparing as many landmines as he can.

I agree & would suggest that it should be legislated that both major party's should have to submit their "election promises" to Treasury, at least 90 days prior to election, so that Treasury estimates can be published 60 days prior to the election!

Further and partially to enable the above process, elections should be "fixed" on a set date, say around October/November or March/April.

Further, to assist in raising Productivity, all Federal & State elections should be held at the same time.

To further assist in raising Productivity, Local Council elections should not be held at all, as Local Councils should be abandoned, in favour of rolling them up into a single Federal authority.

Finally, these elections should be held every 4 years!

What's the point when Swan's numbers are wrong

this then allow Labor to pull LIBs back into the mud

no thanks

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Bill 14% is not the alcohol content of that wine. It's your poll number

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perceptions_now

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Re: Swan scores own goal with new Audit regime
Reply #44 - Feb 23^rd, 2013 at 10:26am

Maqqa wrote on Feb 23^rd, 2013 at 9:27am:

perceptions_now wrote on Feb 22^nd, 2013 at 8:23pm:

longweekend58 wrote on Feb 22^nd, 2013 at 7:00pm:

sir prince duke alevine wrote on Feb 22^nd, 2013 at 1:17pm:

Maqqa wrote on Feb 22^nd, 2013 at 1:13pm:

Armchair_Politician wrote on Feb 22^nd, 2013 at 12:38pm:

One simple fact in economics seems to escape Swan. If you spend more money than you get, you cannot have a surplus. Swan is addicted to spending and sees it as the solution to every problem. Can't wait to hear him whine from Opposition about Abbott's cutbacks to pay for Swan's debt. Mark my words - Swan will be screaming from the rooftops how out of touch and hurtful Abbott is to Australian families but will conveniently leave out the fact that it was his reckless spending that forced Abbott to make those drastic decisions.

hit the nail on the head there

instead of admitting they got it wrong - Labor goes from one disaster to another

Labor accuse Abbott of cutting give aways that they announced in last year's Budget

But we can't afford it

The way we can afford it is to increase the national debt to beyond the current $250B

Wow look at dumb and dumber agreeing with each other. Care to remind us, dumbies, what the government's spending increases vs. gdp growth have been? Grin

the difference between $22B surplus and $250B debt. this wanky GDP percentage is how these dropkicks get into trouble by saying crap like 'we are spending less as a percet of GDP that Howard' while forgetting that they are spending far more than they get in.

For those who don't know!
Surpluses or Deficits, are annual, whereas Debt is the Total accumulation of those Surpluses or Deficits.

Again, for those who don't know!
Whether it is Expenditure to GDP % OR the Debt to GDP %, both are valuable Economic/Accounting tools.
Both provide a reasonable performance guide, as to how one government compares against others, although there can be some inaccuracy "problems" built in, by some governments looking to "paint pictures/SPIN", rather than provide accurate information!

And the performance was better when debt was ZERO!!!

No sh!t Sherlock!

The Economic performances usually are better, WHEN the local &/or Global Economic cycle is approaching a Peak and can therefore afford to pay down Debt, instead of being down & out AND the period from 1995-2006 was the greatest Economic upswing in history, so the performance during that period should have been better.

So, besides that period, what other times have the Libs &/or Labs shown consistent surpluses & zero Debt?
In particular, how did the Libs go, during the Howard Treasurer years from 1977-1983?

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