The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

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The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by Guest on Tue Apr 29, 2014 2:04 pm

29th April 2014

Sound familiar?:

He said Labor didn't just "booby-trap" the budget by making vast open-ended commitments on schools and hospitals to take effect beyond the four-year forward estimates period.

"They created a Ponzi scheme of unsustainable spending because they thought new taxes, more spending and bigger bureaucracies were the answer to every problem."

Australians earning more than $80,000 each year could reportedly be subject to a "deficit tax" with the scale rising with income.

According to News Ltd, the tax would operate in similar fashion to the Medicare levy and could cost earners between $800 and $8000 each year, depending on their income.

The strategic leak comes as Prime Minister Tony Abbott held out the prospect of personal tax cuts before the end of the decade.

But he concedes there won't be many people without a grumble when the government hands down its first budget on May 13.

In a speech to the Sydney Institute on Monday, Mr Abbott said the only fair way to repay Labor's spending binge was by involving everyone, including high income earners such as members of parliament.



https://au.news.yahoo.com/a/23039970/tax-cuts-possible-before-end-of-decade-pm/

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Tue Apr 29, 2014 11:37 pm

Nope he is fucking Up and Even his own Party is saying is electoral Suicide, He is Swapping Taxes Labour Introduced a Tax On Mining Conglomerates that operate in this country (and Even that got water down By Liberals to get it past the senate) SO Fuck head Tony is Scrapping a Fair tax on the Most Profitable section of the Economy that is also the biggest polluter (and much of our extra expenditure has been towards clean up their mess) instead he is going to slap every family that earns over $80K with with a 1% 'levy' because part of his getting in was the promise of lower taxes (and 2% levy if over $150K)

SO rather than Taxing a couple of hundred super Rich and International investors (Which we have got more than enough of) he is taxing the Average Family.
 Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad Evil or Very Mad 

Everyone Knows this is at the Request of Gina Rinehart  Evil or Very Mad  Abbott is Nothing but a Corrupt ---- the Sooner he is out the better (professional Pollies are all Shit in My opinion)

And A lot of RW say that too!!! Because the Best Person In Politics Down Here is a Centre RW Pollie, Malcolm Turnbull(that is known for business success before entering politics) who would be leading the Liberal Party Except he lost by 1 vote in the leader ship change after the last leader left.

http://www.news.com.au/national/prime-minister-tony-abbott-will-struggle-after-ambushing-the-voters/story-fncynjr2-1226899713506

http://www.news.com.au/finance/economy/pm-outlines-first-installment-of-spending-cuts-to-include-freeze-on-tax-concessions-for-middle-income-households/story-fn84fgcm-1226898737996

And his Centre Piece Policy is begin Scaled Back, He is Dead next election
http://www.news.com.au/finance/economy/tony-abbott-to-scale-back-his-paid-parental-leave-scheme/story-fn84fgcm-1226900483736

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Wed Apr 30, 2014 4:55 am

http://www.news.com.au/national/prime-minister-tony-abbott-faces-harsh-backlash-over-controversial-deficit-levy/story-fncynjr2-1226900848150

http://www.news.com.au/finance/economy/tony-abbotts-debt-tax-to-put-top-income-earners-rate-14th-in-world/story-fn84fgcm-1226900154870

And Learn Basic Geography
AUSTRALIA IS NOT PART OF THE UK ARE YOU REALLY THAT DUMB THAT YOU CANT POST ARTICLES IN THERE RELEVANT CONTINENT.


Last edited by veya_victaous on Wed Apr 30, 2014 5:04 am; edited 1 time in total

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Wed Apr 30, 2014 5:03 am

http://www.nationaldebtclocks.org/


UK  =
GDP:
£1,391,411,490,791
Interest per second:
£1,155
Citizen's Share:
£18,954
Debt as % of GDP:
87.46%


Australia:
GDP:
A$1,509,669,435,133
Interest per second:
A$393
Citizen's Share:
A$12,658
Debt as % of GDP:
19.40%


Yeah we have a Debt Crisis, more RW scare mongering Bullshit



USA
GDP:
$16,799,900,000,000
Interest per second:
$16,148
Citizen's Share:
$55,340
Debt as % of GDP:
104.70%


And For DIDGE
Russia
GDP:
71,634,256,823,280руб
Interest per second:
15,079руб
Citizen's Share:
50,731руб
Debt as % of GDP:
10.15%


Last edited by veya_victaous on Wed Apr 30, 2014 5:05 am; edited 1 time in total

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Wed Apr 30, 2014 5:03 am

AUSTRALIANS will pay the 14th highest top tax rate in the developed world under the federal government’s push for a new levy to cut national debt.

The mooted 2 per cent levy on people earning more than $180,000 would boost take Australia’s top tax rate to 49 cents in the dollar.

DEBT TAX: Workers earning over $80,000 to feel pain

This would see Australia leapfrog high taxing European nations such as Norway (47.8 per cent), Germany (47.5 per cent), Italy (47.3 per cent) and the United Kingdom (47 per cent).

Australia’s top earners would be slugged more than double the rate of close neighbours such as New Zealand (33 per cent), Singapore (20 per cent) and Hong Kong (15 per cent).

LEVY OR TAX: Either way it is you who will pay

IS PM ISOLATED: Speculation he wants a ‘tax’ to reach budget surplus

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Wed Apr 30, 2014 5:13 am

Tony Abbott’s controversial levy-not-a-tax is unlikely to survive in the May 13 Budget after conservative forces who usually back the Prime Minister today lined up to condemn it.

Mr Abbott also is facing private criticism from industry groups over what they see as the lack of Budget consultations, the sudden appearance in the media of possible measures affecting them, and weak planning.

But the central debate today is over the speculation the Budget will include a levy on those earning $80,000 a year and above, to last for four years.

Mr Abbott did not diminish the speculation when he took on the argument that the levy was not a tax.

The Institute of Public Affairs, the free market think tank normally an Abbott ally, was more savage than most in attacking the notion of a tax which could raise more than the carbon price, which the Prime Minister wants abolished.

So He is fucking off the Tax on Big Polluters and going to charge Families Instead Typical RW asshole. Make Families pay so His rich mates can get richer and Fuck the planet in the process  Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad Mad 

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Thu May 01, 2014 2:52 am

a lot of academics have said as much in recent times, but the government ignore those jerks since they're eggheads in their ivory towers surrounded by their precious booky-wooks with no idea how things work out here in the real world. Talk to people who are out there hawkishly looking for a lean economy on the mean economic streets of Australia: they know we're in deep shit, right?

Nope.

“I don’t think you could make the case that there is a budget crisis… I don’t think we need to urgently get the budget back to surplus": HSBC chief economist Paul Bloxham.

"Growth is below trend… But I don’t see any particular urgency about 2014-15 or 2015-16”: Bank of America Merrill Lynch chief economist Saul Eslake.

“Most countries would be envious of Australia’s public finances as they currently stand”: Barclays Australia chief economist Kieran Davies.

“We don’t need a surplus tomorrow. We don’t even necessarily need it in five years time”: Chris Richardson, economist and partner at Deloitte Access Economics.

These people are investment bankers, not community health advocates. When the profiteeringest of the profiteers are saying "hey, this is not the smart thing to do" then you can safely assume that we're not talking left/right bias affecting interpretation of real issues: we're talking about a government philosophy based entirely on vapour and lies.

Call me a relentless optimist if you must, but you know what? Abbott could yet be the figure that unifies the warm, fuzzy left and the cold, steely right, letting tree-hugger and corporate raider alike join hands, gaze into each others eyes and murmur "what the ever-loving fuck is our PM trying to do?"

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by Guest on Thu May 01, 2014 8:14 am

Call me a relentless optimist if you must, but you know what? Abbott could yet be the figure that unifies the warm, fuzzy left and the cold, steely right, letting tree-hugger and corporate raider alike join hands, gaze into each others eyes and murmur "what the ever-loving fuck is our PM trying to do?"


Make modern humans pay their way instead of taking everything on credit, the chav way?


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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Mon May 05, 2014 2:33 am

BigAndy9 wrote:Call me a relentless optimist if you must, but you know what? Abbott could yet be the figure that unifies the warm, fuzzy left and the cold, steely right, letting tree-hugger and corporate raider alike join hands, gaze into each others eyes and murmur "what the ever-loving fuck is our PM trying to do?"


Make modern humans pay their way instead of taking everything on credit, the chav way?


By Increasing Tax on Working Families??? or making harder for people that have worked their whole life to get the Pension????

Abbott and Hockey are getting hammered over this, cause it isn't half fucking obvious were the budget suggestions are coming from

http://finance.ninemsn.com.au/newsbusiness/8839872/pm-rejects-treasurer-for-sale-reports

Treasurer Joe Hockey is facing questions about whether or not he offered privileged access to business and industry lobbyists in return for annual political donations.

While the donors' identities remain confidential, Fairfax Media alleges he offered access to members of the North Sydney Forum, a campaign fundraising body run by the North Sydney Federal Electoral Conference which itself is linked to the Liberal party.

and that's from the RW financial newspaper

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Mon May 05, 2014 2:37 am

Also did you miss the Part where Even the Most Die hard Capitalist are saying
"WTF Tony???"  Suspect  Suspect  Suspect  Suspect 
it seems Abbott Believes his own lies that were are in a Debt Crisis, like I showed with Debt figures, if we have a crisis then UK is in 5 times crisis and the USA 6 times crisis. In fact the only nation of white people with less debt than us in Russia  Wink 

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Mon May 05, 2014 2:49 am

Except, at the risk of being a broken record, they didn't. In fact, in terms of government spending as a percentage of GDP, Gillard hit the lowest (23.1%) and Rudd was equal to Howard on 24.1%, and it's been sitting at around 24% of GDP for decades. So the spendy spendfest argument only works if you want to redefine "crisis" as "maintaining a slightly lower percentage of spending".

The problem - and it's not, as we've gone on about at length, an urgent one - is revenue: Australians have had tax cut after tax cut for the last two decades, despite there being things like a Global Financial Crisis (you know, the one in 2009 that Labor negotiated us through with hardly any effect as the rest of the world came close to economic collapse - yeah, that one? The one for which they're now being blamed?).

Now, the Commission of Audit wasn't a government thing - their recommendations are not policy, and the government can therefore ignore them. And it's also worth remembering that the Commission was a hard-right razor gang specifically recruited to kill things it didn't like. Which is why it's happily recommending killing the CSIRO and Department of Meteorology's Australian Climate Change Science Program, which costs a bit over $7 million a year (which, in debt terms, is fucking nothing at all).

Not that the government was above ignoring recommendations from it's own organisations, of course, which is why the now-non-governmental Climate Council is asking for donations to keep its work up (which you can do right here).

Anyway, the takeaway here is that a) Labor didn't spend more than the Coalition, b) the problem isn't on the spending side: it's about revenue, and c) it's only an urgent problem if you assume that Australia won't be able to service its debt in the next decade. And yes, money spent on debt is money you can't spend on other things, but let's also keep things in perspective: if paying the mortgage off early means no longer feeding and clothing your kids for the next few years, people are more likely to think of you as as a monster than a prudent economic whiz for going down that path.

And since Australia is one of the lowest debtors in the entire world, and probably not going to disincorporate anytime soon, we're probably OK.

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by veya_victaous on Mon May 05, 2014 2:58 am

NewsPoll's latest opinion poll has echoed that of Fairfax's poll a month back: Labor are 52% to 48% on a two party preferred basis. It's mainly because support for the Greens and Palmer United has been rising - showing that the Coalition are losing ground with both the would-like-the-planet-to-not-kill us and just-taking-the-piss demographics.

Labor have not, however, turned their primary vote around: it's still on 37%, which suggests that maybe doing nothing about stuff for ages wasn't the killer strategy they apparently thought it was.

But that's just the stupid voting public who aren't worth thinking about for another couple of years at least. The important thing is that everyone in the front bench is on side, right?

Given that the one huge thing that helped the Coalition romp into power was their unity in the face of Labor's constant leadership stoushes, what's particularly interesting is who is lining up behind Abbott as we head to the budget and who is keeping their head down.

Education minister and living cartoon of a upper-class toff Christopher Pyne has been loudly and stridently praising the radness of Abbott when he's not arguing that privatising universities will lead to a nation of supergeniuses (and definitely not lead to a spate of private unis springing up, taking government money and international student fees, going bankrupt and then leaving the state-supported institutions to take on these fee-paying students for free, despite that being what happens in the US all the time and has already started happening in Australia).

And he's loudly braying that Abbott wanting to bring in a short term levy is definitely not a tax and therefore not a broken promise, while Gillard bringing in a short term levy was absolutely a tax and therefore unforgivable. When asked that very question, he said "No, it's not". Which is an incorrect answer.

Now, one thing that is important to remember about Pyne is that he cannot ever be leader of the party, much less PM, because no-one likes or respects him: no-one in the party, and no-one in the general public. It's hard to imagine that his own family don't mumble "dickheadsayswhat?" as they pass him in the kitchen. So he has nothing to lose by continuing to give Abbott his visible support.

Very Accurate About Chris Pyne. no one likes him  Razz  Razz  Razz  Razz 

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Re: The Conservatives Are About To Sort Out Labour's Deficit & Overspend - In Australia!

Post by Lone Wolf on Tue May 06, 2014 4:56 pm

BigAndy9 wrote:29th April 2014

Sound familiar?:

.......................................................

https://au.news.yahoo.com/a/23039970/tax-cuts-possible-before-end-of-decade-pm/

 
cyclops  FOR ALL of those unacquainted with the vagaries of Aussie political and business conditions, much of Yahoo!'s newsfeed from this neck of the woods comes out of Yahoo!7, their Aussie subsidiary which is run in a 50:50 partnership the Channel Seven TV network, which in turn is largely conservative, friendly with the current coalition government, and whose chairman Kerry Stokes is an ultra-right dry conservative billionaire who would likely dig up his grandparents and sell them to the highest bidder, if he could see a profit in it !  

SINCE this Yahoo! article saw the light of day, the coalition guvm'nts 'primary' support has slid below 40% ~ while PM Tony Rabbit's support as Prime Poobah has dived to 37% !    tongue

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