Australian Politics Forum - Where is this budget emergency

Lobo Gold Member Offline Australian Politics Posts: 7407 Sydney Gender:	Re: Where is this budget emergency Reply #135 - Aug 23^rd, 2013 at 5:13pm Kat wrote on Aug 21^st, 2013 at 9:45am: Those four links ought to be mandatory reading for all Coalition supporters. But I fear you've cast pearls before swine, as they'll simply refuse to read them. And yes, I did read them (but not all the comments). Exactly...... And then claim to fully informed.
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Karnal

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Re: Where is this budget emergency
Reply #136 - Aug 23^rd, 2013 at 5:35pm

longweekend58 wrote on Aug 23^rd, 2013 at 5:06pm:

Karnal wrote on Aug 23^rd, 2013 at 12:00pm:

red baron wrote on Aug 23^rd, 2013 at 11:38am:

Do you call borrowing 100 million dollars a day from the Chinese a good way to go.

The only thing with what is now a 300 billion dollar debt to the Chinese that it will have to be re paid. I don't see any sign of that on the horizon, what I see is Labor borrowing 100 million dollars a day.

Anyone care to refute that? Anyone care to give proof that the money is being repaid?

Bit hard when we are still borrowing at that level.

Ever had a home loan, Red? Or have you always relied on the generosity of Air Force Housing?

Guess how much Australia borrowed to fight the chows over in Nam. Guess how much Australia borrowed to get out of the Depression and fight the Japs up in New Guinea.

We're not fighting slopes anymore, son. We're fighting to stay out of recession. This is the challenge: raise taxes or borrow more money. Same for Labor, same for the Libs.

The Libs are prepared to hock the good China to pay working mums' wages to go off and have kids. You think they'll cut back the debt? You're dreaming.

Every major developed economy in the world has debt, as do most developing countries. Out of all of them, Australia has one of the lowest levels of debt in the world - at the last count, just behind Estonia.

Run a deficit, or raise taxes - that's the only choice. My money's on a tax hike before long - no matter which party gets in.

Back in the 60s, the Libs told us that if we fought the commies over there, we wouldn't have to fight them on our home ground. Now, in 2013, the Libs are more red than Ho Chi Minh.

What a waste of a war that one was. We should have stuck to fighting them over here.

What you typically refuse to acknowledge however is that the RATE OF INCREASE in debt in Australia is the third highest in the world. now tell me again why the words best economy needs to be borrowing faster than virtually every other country?

Who said it's the world's best economy? Foreign companies pay us to come over here and dig things out of the ground.

I would have thought the world's best economy would be making things or growing things or doing things for each other.

And there you have it - the rate of debt increase is due to the end of the mining boom - not the final end, but the end of high commodity prices and the investment stage of the boom.

Want to reduce increasing government debt? Tax mining profits and invest it in making things and growing things and doing things for each other. Like Norway.

Can't do that, Longy. Mr Abbott doesn't want to offend those foreign mining companies.

Looks like the debt will continue to rise, eh?

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perceptions_now

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Re: Where is this budget emergency
Reply #137 - Aug 23^rd, 2013 at 6:23pm

longweekend58 wrote on Aug 23^rd, 2013 at 5:06pm:

Karnal wrote on Aug 23^rd, 2013 at 12:00pm:

red baron wrote on Aug 23^rd, 2013 at 11:38am:

Do you call borrowing 100 million dollars a day from the Chinese a good way to go.

The only thing with what is now a 300 billion dollar debt to the Chinese that it will have to be re paid. I don't see any sign of that on the horizon, what I see is Labor borrowing 100 million dollars a day.

Anyone care to refute that? Anyone care to give proof that the money is being repaid?

Bit hard when we are still borrowing at that level.

Ever had a home loan, Red? Or have you always relied on the generosity of Air Force Housing?

Guess how much Australia borrowed to fight the chows over in Nam. Guess how much Australia borrowed to get out of the Depression and fight the Japs up in New Guinea.

We're not fighting slopes anymore, son. We're fighting to stay out of recession. This is the challenge: raise taxes or borrow more money. Same for Labor, same for the Libs.

The Libs are prepared to hock the good China to pay working mums' wages to go off and have kids. You think they'll cut back the debt? You're dreaming.

Every major developed economy in the world has debt, as do most developing countries. Out of all of them, Australia has one of the lowest levels of debt in the world - at the last count, just behind Estonia.

Run a deficit, or raise taxes - that's the only choice. My money's on a tax hike before long - no matter which party gets in.

Back in the 60s, the Libs told us that if we fought the commies over there, we wouldn't have to fight them on our home ground. Now, in 2013, the Libs are more red than Ho Chi Minh.

What a waste of a war that one was. We should have stuck to fighting them over here.

What you typically refuse to acknowledge however is that the RATE OF INCREASE in debt in Australia is the third highest in the world. now tell me again why the words best economy needs to be borrowing faster than virtually every other country?

What you typically refuse to acknowledge, is that YOUR KNOWLEDGE OF BASIC AND PARTICULARLY CURRENT ECONOMICS IS QUITE LIMITED, Longy!

However, that doesn't stop you from expressing your "beliefs", until you are alerted to facts which interrupt your faith in your beliefs and then you just disappear

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Karnal

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Re: Where is this budget emergency
Reply #138 - Aug 23^rd, 2013 at 9:21pm

perceptions_now wrote on Aug 23^rd, 2013 at 6:23pm:

longweekend58 wrote on Aug 23^rd, 2013 at 5:06pm:

Karnal wrote on Aug 23^rd, 2013 at 12:00pm:

red baron wrote on Aug 23^rd, 2013 at 11:38am:

Do you call borrowing 100 million dollars a day from the Chinese a good way to go.

The only thing with what is now a 300 billion dollar debt to the Chinese that it will have to be re paid. I don't see any sign of that on the horizon, what I see is Labor borrowing 100 million dollars a day.

Anyone care to refute that? Anyone care to give proof that the money is being repaid?

Bit hard when we are still borrowing at that level.

Ever had a home loan, Red? Or have you always relied on the generosity of Air Force Housing?

Guess how much Australia borrowed to fight the chows over in Nam. Guess how much Australia borrowed to get out of the Depression and fight the Japs up in New Guinea.

We're not fighting slopes anymore, son. We're fighting to stay out of recession. This is the challenge: raise taxes or borrow more money. Same for Labor, same for the Libs.

The Libs are prepared to hock the good China to pay working mums' wages to go off and have kids. You think they'll cut back the debt? You're dreaming.

Every major developed economy in the world has debt, as do most developing countries. Out of all of them, Australia has one of the lowest levels of debt in the world - at the last count, just behind Estonia.

Run a deficit, or raise taxes - that's the only choice. My money's on a tax hike before long - no matter which party gets in.

Back in the 60s, the Libs told us that if we fought the commies over there, we wouldn't have to fight them on our home ground. Now, in 2013, the Libs are more red than Ho Chi Minh.

What a waste of a war that one was. We should have stuck to fighting them over here.

What you typically refuse to acknowledge however is that the RATE OF INCREASE in debt in Australia is the third highest in the world. now tell me again why the words best economy needs to be borrowing faster than virtually every other country?

What you typically refuse to acknowledge, is that YOUR KNOWLEDGE OF BASIC AND PARTICULARLY CURRENT ECONOMICS IS QUITE LIMITED, Longy!

However, that doesn't stop you from expressing your "beliefs", until you are alerted to facts which interrupt your faith in your beliefs and then you just disappear

Longy’s an easy mark. He just comes here to let loose every now and then - usually when he’s stewed.

He’s easily undone - rather unhinged, really. A bit of a poke and he goes back into his hole.

Oh, he rants and he raves, but he always goes nicely.

More than can be said for some others here.

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Andrei.Hicks

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Re: Where is this budget emergency
Reply #139 - Aug 23^rd, 2013 at 9:40pm

Actually the current Australian Government has not been helpful to exploration and upstream extraction to overseas headquartered companies (we're not overseas companies karnal, the exploration and investment is done by Australia & NZ Pry Ltd entities with Australian leadership teams and AUS employees).

Anyway the changes in R&D tax offset grants have added up to US$450m to capital exploration and fracking projects in Australia.
Something that the Liberal party delegation said to our company they would review.

Also they changed the rules on offsetting upstream pipeline removal costs as well.
This again if anything discourages gas exploration in Australia.

Australia needs companies like mine.
We invest in Australia.
We bring hundreds of millions of dollars of investment.
We employ local people.
We contribute as a member of Australian society.

The current Government has added to our costs and with the addition of that absurd carbon tax has been anything but friendly to key energy providers.

A Liberal Government seems to understand the needs of energy business partners better.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Karnal

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Re: Where is this budget emergency
Reply #140 - Aug 23^rd, 2013 at 11:11pm

Andrei.Hicks wrote on Aug 23^rd, 2013 at 9:40pm:

Actually the current Australian Government has not been helpful to exploration and upstream extraction to overseas headquartered companies (we're not overseas companies karnal, the exploration and investment is done by Australia & NZ Pry Ltd entities with Australian leadership teams and AUS employees).

Anyway the changes in R&D tax offset grants have added up to US$450m to capital exploration and fracking projects in Australia.
Something that the Liberal party delegation said to our company they would review.

Also they changed the rules on offsetting upstream pipeline removal costs as well.
This again if anything discourages gas exploration in Australia.

Australia needs companies like mine.
We invest in Australia.
We bring hundreds of millions of dollars of investment.
We employ local people.
We contribute as a member of Australian society.

The current Government has added to our costs and with the addition of that absurd carbon tax has been anything but friendly to key energy providers.

A Liberal Government seems to understand the needs of energy business partners better.

A classic example. This one never goes easily. Oh, how he struggles.

Calls you "mate", pretends to be a "local", wants so hard to be included he’ll say or do anything.

Andrei’s that poor rich kid who’d give away all those expensive football cards to make friends. His parents had the fanciest house, but were never home. He had all the best toys.

Longy goes easy, but Andrei will do anything to make you like him.

I wish I knew someone like Andrei in high school.

Free money and drugs.

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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Where is this budget emergency Reply #141 - Aug 24^th, 2013 at 10:23am Typical off topic nonsense. Plus I went to school in England in the 1990s, we had kinda moved past exchanging football cards and 4 decades before.....
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John Smith Gold Member Offline Australian Politics Posts: 77082 Gender:	Re: Where is this budget emergency Reply #142 - Aug 24^th, 2013 at 11:01am Andrei.Hicks wrote on Aug 24^th, 2013 at 10:23am: Typical off topic nonsense. Plus I went to school in England in the 1990s, we had kinda moved past exchanging football cards and 4 decades before..... you perhaps moved onto exchanging girlfriends and coke?
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Andrei.Hicks

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Re: Where is this budget emergency
Reply #143 - Aug 24^th, 2013 at 11:19am

John Smith wrote on Aug 24^th, 2013 at 11:01am:

Andrei.Hicks wrote on Aug 24^th, 2013 at 10:23am:

Typical off topic nonsense.

Plus I went to school in England in the 1990s, we had kinda moved past exchanging football cards and 4 decades before.....

you perhaps moved onto exchanging girlfriends and coke?

There were kids suspended for cocaine yeah.

That's how we roll John.

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Anyone who lives within their means suffers from a lack of imagination - Oscar Wilde

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Dsmithy70 Gold Member Offline ire futuis vobismetipsis Posts: 13147 Newy Gender:	Re: Where is this budget emergency Reply #144 - Aug 24^th, 2013 at 11:21am God I loved amphetamines & blondes. I'd still say yes if offered now.
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Where is this budget emergency Reply #145 - Aug 24^th, 2013 at 11:23am We had a girls school twinned with ours. They were fantastic. And you could also head down to the city centre and mingle with the working class girls if you felt that way inclined... Great days.
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Andrei.Hicks Gold Member Offline Australian Politics Posts: 23818 Carlsbad, CA Gender:	Re: Where is this budget emergency Reply #146 - Aug 24^th, 2013 at 11:25am By the way one of the kids suspended for cocaine (and the fact he got arrested for ripping off car number plates) was not technically suspended but asked to leave quietly..... He was the son of a former Minister in Mrs Thatcher's cabinet
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Bobby. Gold Member Offline Australian Politics Posts: 111593 Melbourne Gender:	Re: Where is this budget emergency Reply #147 - Aug 24^th, 2013 at 11:36am I am cynical about Labor. They say that they borrowed to stop the country falling into a recession but I think they did it to keep the party going so they could be voted back in. This time - it won't work. Labor is finished for at least 4 terms.
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Karnal

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Re: Where is this budget emergency
Reply #148 - Aug 24^th, 2013 at 4:53pm

Andrei.Hicks wrote on Aug 24^th, 2013 at 10:23am:

Typical off topic nonsense.

Plus I went to school in England in the 1990s, we had kinda moved past exchanging football cards and 4 decades before.....

No school in Australia, mate?

I trust they taught you a bit about the Vietnam war at that expensive public school of yours, Andrei - along with fagging and all the rest.

You know, learn how real Aussie blokes lost their youth.

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