perceptions_now
Gold Member
   
Offline

Australian Politics
Posts: 11694
Perth WA
Gender:
|
perceptions_now wrote on Feb 23 rd, 2013 at 2:04pm: perceptions_now wrote on Feb 23 rd, 2013 at 10:42am: Maqqa wrote on Feb 23 rd, 2013 at 10:29am: perceptions_now wrote on 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? 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? Therefore the LIBs are better economic managers Comparing the current ALP to other countries makes them look like geniuses Comparing the current ALP to the LIBs - the ALP are morons 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 GLOBAL 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? Oops, cat got your tongue, Maqqa?
No ready made SPIN answers? Lets face facts Maqqa, YOU DON'T HAVE THE ANSWER, YOU DON'T HAVE ANY ANSWERS!
|