So the amount of debt that Hockey et al has been spouting is the amount of debt NOT minus the amount of debt that other countries owe us? Holy fucking shit, that's despicable.Net debt compared to GDP is what matters. Net debt is basically what we owe minus what others owe us. Gross debt is not relevant for our credit rating or ability to service debt. Indeed, when the government talks to ratings agencies and investors it talks about net debt. International agencies like the International Monetary Fund and the OECD always focus on net debt — they barely mention gross debt.
I noticed he used a term that Keating liked to use when he called the budget deficit the government's "call on national savings"."Shorten wrote his speech on Wednesday and Thursday with help from his speechwriter James Newton (a speech writer in the Department of the Prime Minister and Cabinet under Labor) and input from colleagues and mentors, including Paul Keating and Bill Kelty."
Interesting.]
Interesting how? I mean, I know why I think it is, but wanna hear you say it first ;P
Edit: This stunned me:
So the amount of debt that Hockey et al has been spouting is the amount of debt NOT minus the amount of debt that other countries owe us? Holy fucking shit, that's despicable.
This is an odd view to take regarding a federal government. The "quality" of the fiscal position of the federal government should be determined by the real macroeconomic goals it wants to achieve: growth, inflation, interest rates, unemployment etc... the amount of debt or deficit is not one of these factors unless you're talking about a government that is not the monopoly issuer of its currency (e.g. a state or local government or the government of a nation using the Euro) where its fiscal position impacts its ability to secure financing. I don't know why a proponent of small government like yourself would ever want the federal government to take more of your money than it needs to.Indeed. It is completely dishonest to say that there is a budget emergency. It's not an emergency.Our financial position could be better (an absurd statement, they could ALWAYS be better), but they're well in order and we have always been a financially responsible country.
Wait i'm an idiot this is for england
ignore
The $7 fee for vaccination may be a blessing in disguise: many chiidren will be spared from being injecting with vaccines which are toxic, useless, dangerous and unnecessary medieval unscientific procedure.
Children will be healthy and infant mortality will vastly improve, there will be no asthma, allergies, cancer, leukaemia, autism and other behavioural and learning problems and all those other modern health problems.
Importantly, there will be much less demand for medical and hospital services which are presently overloaded because of health problems that have their start in childhood and, yes, with vaccinations.
Yikes.I'm not sure if the policy itself or the retarded top comment makes me rage more:
Yikes.
This is an odd view to take regarding a federal government. The "quality" of the fiscal position of the federal government should be determined by the real macroeconomic goals it wants to achieve: growth, inflation, interest rates, unemployment etc... the amount of debt or deficit is not one of these factors unless you're talking about a government that is not the monopoly issuer of its currency (e.g. a state or local government or the government of a nation using the Euro) where its fiscal position impacts its ability to secure financing. I don't know why a proponent of small government like yourself would ever want the federal government to take more of your money than it needs to.
On a semi-related note, here's what Steve Keen reckons private debt needs to increase to for the government to meet the figures it's projecting. Take with a grain of salt etc...
Make no mistake, this is all about Medicare but the wildcard is Palmer and hates the LNP more than all of them. The Green's won't let it through, Labor won't let it through and Palmer has said he won't. There is no way it will get through and based on the above numbers there is no way Abbott would push for a DD election. It's over, Abbott lost.
Who else is there?
- The LDP Guy hates everything socialised, he might get behind it.
- THE DLP guy probably won't play ball if you can drag him away from the forge.
- The FF guy will fall in line with some religious bribes. Bit like Harradine.
- Xenephon, maybe not sure who really knows. He might fall for the economic case.
Saw a fantastic Ad tonight from the Labor Party, Abbott in his own words, no yelly screamy guy, no 3 word slogans. Keep it up and Abbott is cooked.
I'm not sure if the policy itself or the retarded top comment makes me rage more:
Again I'm still unsure of when the budget goes to the Senate, before/after July and nobody here has an answer to that question.
But the ad the ALP put out was fantastic, it's clear they understand that they have to hammer these changes now and until the next election is called, whenever that is.
Is this ad online?Make no mistake, this is all about Medicare but the wildcard is Palmer and hates the LNP more than all of them. The Green's won't let it through, Labor won't let it through and Palmer has said he won't. There is no way it will get through and based on the above numbers there is no way Abbott would push for a DD election. It's over, Abbott lost.
Who else is there?
- The LDP Guy hates everything socialised, he might get behind it.
- THE DLP guy probably won't play ball if you can drag him away from the forge.
- The FF guy will fall in line with some religious bribes. Bit like Harradine.
- Xenephon, maybe not sure who really knows. He might fall for the economic case.
Saw a fantastic Ad tonight from the Labor Party, Abbott in his own words, no yelly screamy guy, no 3 word slogans. Keep it up and Abbott is cooked.
Is this ad online?
PS. I'm thinking now that having Palmer represented in parliament isn't such a bad thing after all. I'd wager that a good number of people that voted for him (if not all) probably would've gone Lib if PUP wasn't an alternative.
PPS. Don't forget that Australian Motoring Party guy or whatever. Don't they have a seat?
But if you listen to Abbott or Hockey they're adamant that they absolutely told the electorate that this would happen. That was absolutely their message during the election. (Just forget about that other message they put up on the giant billboards.)The most amazing thing and (fucked up thing) about the election is if the LNP told everyone this would be their budget pre-election.. no-one would have voted for them.
Fucking democracy why doesn't it work?
And this balanced media messaging is why a DD election isn't a guaranteed thing to reject this budget.Oh, Daily Telegraph.
But if you listen to Abbott or Hockey they're adamant that they absolutely told the electorate that this would happen. That was absolutely their message during the election. (Just forget about that other message they put up on the giant billboards.)
The $7 for vaccinations is interesting though. That will have hideous effects for all Australians.
umAnd this balanced media messaging is why a DD election isn't a guaranteed thing to reject this budget.
There will be no double dissolution, Abbott and Co. will cut a deal (or many), there is no way they will risk going back to the polling booths. As much as I would love to see it, I think there is next to zero chance of it happening.
Oh sure, polls whatever right now, but that'll bounce right back once Murdoch & co get back into full swing in election mode.
Oh wow, and his going back on the agreement should be blamed on the previous government because they made the agreement.
Nearly two thirds of those polled (63%) said the budget was not fair. This is 20 points up from the proportion who thought Labors last budget unfair. A question on fairness was asked after some eight of 19 budgets since 1996 - this was the first time a majority said the budget wasnt fair.
Only one third believed the budget was fair down 13 points since last year.
Nearly three quarter (74%) said they would be worse off from the budget; only 8% said they would be better off.
Almost two thirds (65% - up 17 points from last year) were dissatisfied with the budget; one third were satisfied.
More than half (53%) said it would be bad for Australia; 42% believe it will be good for the country.
While 49% said it was economically responsible, 48% believed it is not.
The governments measure to increase the tax on petrol is strongly opposed (72% against, 25% in favour) but the income tax levy has public support (50% in favour, 37% against). Both measures broke Abbotts promise not to increases taxes.
The abolition of the mining tax, which has not yet received Senate approval is opposed by 56% and supported by only 37%.
People are divided about the scrapping of the carbon tax, also awaiting the passage of legislation by the Senate - with 49% in favour and 46% against.
An increase in the GST - which the government has been trying to get the states to make a matter of active debate - is opposed by 66% and supported by only 30%.
Andrew Bolt said:FAR worse than anything in the Budget is the class war that reckless politicians and journalists are waging against it.
Labor leader Bill Shorten, Greens leader Christine Milne and so-called billionaire Clive Palmer have disgraced themselves in inciting real hatred.
A warning. On Friday, screaming Leftist students in Sydney physically attacked Foreign Minister Julie Bishop, pushing and grabbing her.
Unless the hate-speech is dialled back, god knows what more well get.
Even before the Budget, the demonisation of Prime Minister Tony Abbott was out of control.
Labor under Julia Gillard had already smeared Abbott as a woman-hating bigot and incited a mini race-riot against him on Australia Day.
After his win, Facebook pages one created from within the Geelong Trades Hall urged Abbotts assassination. And a same-sex marriage rally in Brisbane featured a banner showing him hanged by the neck. A Fairfax columnist sold
T-shirts with the slogan F ... Abbott.
In the March in March rallies, a sign urged Abbott be killed. In Newcastle, the Trades Hall secretary preached hatred of rich Australians, and urged Qantas boss Alan Joyce be shot somewhere in the back of the head.
But the past week has been worse still not just because the political rhetoric is more extreme, but the countrys future is now at stake.
For some, the Budget may seem too harsh in restricting welfare handouts and adding a $7 charge to free visits to the doctor.
For others, it is actually too soft, with spending still soaring by an extra $57 billion four years from now, giving us yet more deficits.
All that deserves debate. Yet politicians and some journalists have instead painted this Budget as simply rich Liberals having fun belting poor battlers.
Have we ever seen such stupid appeals to class envy?
First there was the fake outrage when a TV camera caught Treasurer Joe Hockey and Finance Minister Mathias Cormann smoking cigars.
Sure enough, Shorten unwilling even to admit to the financial disaster left by Labor seized on this distraction to pander to the peanuts who think smoking cigars shows you hate the poor.
Confecting outrage, Shorten repeatedly stormed at cigar-chomping, out-of-touch Liberals, claiming theyd never lived from pay cheque to pay cheque and now pretended there was a Budget crisis to put a tax on the sick.
Milne last weekend added it was obscene that rich Liberals would crack champagne and gorge themselves at a function to hear Abbott gloat over hurting the poor.
Palmer, meanwhile, claimed the Liberals just invented our debt problem to make our pensioners and others suffer.
Do we really hate people so much? he bellowed. Its just about ideology and about smashing someone.
Shorten, Milne and Palmer together could block Abbotts rescue plan in the Senate for the next three years, and a healthy media would kick these craven populists for denying theres even a problem to fix.
A healthy media would also be horrified at their idiotic class war talk. Instead, many outlets have joined the Labor game.
After beating up the great cigar scandal, newspapers mocked Hockeys wife, a successful banker, for wearing a moderately expensive dress when she went to Canberra for his Budget speech.
Cutbacks? What cutbacks? Joe Hockeys wife attends Budget announcement in $749 Carla Zampatti dress, sneered the Australian edition of the Daily Mail, as if her dress showed Liberals were heartless.
Channel Nines Laurie Oakes, doyen of the Canberra press gallery, even started his post-Budget interview with the Treasurer with three questions attacking him for dancing with his wife in his office on Budget night.
The unemployed, the sick, the welfare recipients hit by the Budget, theyre not going to be dancing are they? lectured Oakes, as if hed caught Hockey dancing on a carpet of starving pensioners, when hed in fact been celebrating seeing his family after three weeks away working on a Budget to save us.
Meanwhile, the ABC portrayed the Budget as the cruel work in part of a foreigner unable to understand Australian values.
Interviewer Matt Abraham asked Belgian-born Finance Minister Mathias Cormann, whos been here for 20 years, whether you dont know as much about the Australian mindset and culture as perhaps other politicians who have either been born here or been here a lot longer.
This stuff isnt just infantile but dangerous.
What unpredictable hatreds are being stoked? More importantly, how does this savage rhetoric help us to fix whats broken?
The country is running dangerously short of money, and claiming this is just a con by the rich to torture the poor is a lie that could ruin us.
Shame on the guilty.
"Bill Shorten claims we've underestimated the Australian people, well if anything I think the opposite. The Australian people know very well that when you're in Government you have to make the tough decisions, and I personally have been very clear about the fact that getting the budget back into surplus is our main priority and that more specific non-core promises were secondary to that. This is something I said to the public not only during the last election but the one before that. So if Bill Shorten wants to claim that Australian families should be somehow surprised at what's in this budget then I think that it's Bill Shorten who is underestimating the Australian people, because unlike the Labor party, Australians know that you simply can't spend money that you haven't got."But if you listen to Abbott or Hockey they're adamant that they absolutely told the electorate that this would happen. That was absolutely their message during the election. (Just forget about that other message they put up on the giant billboards.)
They've used this sort of argument a number of times now. Labor didn't sign the forms or renew the agreements before the election so it's really their fault that we're not signing the forms or renewing the agreements now. I think the most appropriate term for it is piss weak.Oh sure, polls whatever right now, but that'll bounce right back once Murdoch & co get back into full swing in election mode.
Oh wow, and his going back on the agreement should be blamed on the previous government because they made the agreement.
Wow.
Edit: actually, I think I misread the article. I think he's saying that Labor had the agreement but not funded it? But it sounds like that funding should have been in this budget to cover the agreement and Tone is declining to put it in.
Sorry Arksy, any draconian media censorship laws that ensure that this lunatic is given the psychiatric treatment he so desperately needs is a national priority in my book.after three weeks away working on a Budget to save us.
I doubt it especially after the severity of the self inflicted wounds Tony Abbott and Joe Hockey have inflicted on themselves.Oh sure, polls whatever right now, but that'll bounce right back once Murdoch & co get back into full swing in election mode.
But if you listen to Abbott or Hockey they're adamant that they absolutely told the electorate that this would happen. That was absolutely their message during the election. (Just forget about that other message they put up on the giant billboards.)
Carbon tax wasn't making a tough decision?Bill Shorten claims we've underestimated the Australian people, well if anything I think the opposite. The Australian people know very well that when you're in Government you have to make the tough decisions, and I personally have been very clear about the fact that getting the budget back into surplus is our main priority and that more specific non-core promises were secondary to that.
That's pretty standard LNP fare though, neglect infrastructure now and if it gets fixed later there's spending you can call out the opposition for. A few elections for now they'll be campaigning on getting Labor's health spending under control.Paying for vaccinations, scripts and doctors appointments all have a negative impact on the goal of a proper health system. Prevention is the key to preventing disease and to limiting how much money we have to spend on health. This is short term thinking that will cost us an obscene amount of money in the future both in terms of increased expenditure on health care and decreased productivity.
How's that cost of living reduction going for the lower classes?
Just to clarify, that's not a real Tony Abbott quote.Carbon tax wasn't making a tough decision?
Exactly; see the sale of Telstra vs the NBN. Shaun Micallef made a similar point when he did a bit on a Peter Costello interview last year. Costello was saying something about how the NDIS was a potentially good idea but it wasn't something the government should be doing when it has budget deficits, whilst also saying how great a treasurer he was because of all those surpluses. Where was the NDIS then Peter?That's pretty standard LNP fare though, neglect infrastructure now and if it gets fixed later there's spending you can call out the opposition for. A few elections for now they'll be campaigning on getting Labor's health spending under control.