Questions for Abbott Supporters

[slartibartfast]

Please look at the link for the graphs:
archiearchive.wordpress.com/2013/03/25/memo-to-tony-abbott/


Memo to Tony Abbott


Since you keep telling us how badly off Australians are, could you please tell me which countries are better off.

I’ll help you out a bit by sharing a number of charts and stuff with you.

NET DEBT

Firstly, you have spent a lot of time in Parliamentary Question Time recently asking questions about Australia’s “Huge debt ‘on our credit card’”. You keep using the number “$300 Billion”.

Here is a chart showing how that rates with other major nations’ debt.

Our Australian debt is not only ridiculously low compared with other major economies but is shrinking in real terms!

I realise you have a problem reading stuff, Mr Abbott, but you really do have to read some things. I’m throwing in a huge set of figures which are not in chart form but do tell us something about how our debt to GDP ranks within the global community. Could you please pass this information on to Joe?

UNEMPLOYMENT

No, we are not on top of this list. But would we want to be?

We all agree that having a job is a really, really good thing. Obviously, Italy is a good place to avoid at the moment but which are the best three countries to be in? Is Australia anywhere on that short list?

MEDIAN WEALTH

Now, Mr Abbott, I am rather stunned by this next chart. Just how wealthy are we as a nation? Per person? You must look to the bottom to see where Australia rates.


I know you can promise to increase Australia’s position on this list but please be honest and tell me just how you intend to achieve that.

INFLATION

Before you go, here is a chart of the rates of inflation in the major world economies.

Just one thing about this chart. Have a look at the number for Australia under the “Highest” column. Any ideas about who was our treasurer when that happened?

So, Mr Abbott,

I repeat the question I began with.

Since you keep telling us how badly off Australians are, could you please tell me which countries are better off.

---------------

And perhaps the Lberal supporters here can keep telling us why they downtalk the economy that is the envy of the rest of the world?

[slartibartfast]

Questions must have been too hard.

[garfield]

;D


Julia Gilard's gift to Australia is massive and growing debt


GILLARD government debt levels are forecast to blow out by 80 per cent to $165 billion in this term alone - that's a whopping $14,000 for every working Australian.

Analysis of budget documents revealed that, between the 2010 election and federal Treasury's update in October last year, the 2012-13 net debt estimate rose $54 billion to $144 billion.

With Wayne Swan having junked the commitment to a surplus this financial year, Bank of America Merrill Lynch forecast Treasury would raise the estimate by $21 billion in the May Budget.

"The government is starting to develop form when it comes to over-estimating the improvement in its budget balance," Merrill chief economist Saul Eslake said yesterday.

Business Council of Australia CEO Jennifer Westacott said federal government spending was "out of step" with revenue, creating "a budget management crisis".

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"If that doesn't change we are going to have a serious public debt problem," Ms Westacott said.

Her fears were shared by Monash University professor of business and economics Jakob Madsen, who said: "It's a dangerous trend and it's at the wrong time. It's completely unnecessary to hand out left, right and centre and the way they do it is not very clever."

The Coalition is focusing on a number even larger than net debt - the total value of bonds and other securities issued by the government, or gross debt, which has ballooned from $151 billion at the 2010 poll to $267 billion now.

In the last budget the government raised the gross "debt ceiling" from $250 billion to $300 billion. Opposition Leader Tony Abbott believes Mr Swan will increase it again in May.

Mr Abbott told The Daily Telegraph yesterday: "If Labor is determined to increase the cap on gross debt above $300 billion, if they cannot show a credible and speedy path back to surplus, if they cannot show a plan to start seriously paying off the debt, it will add further weight to our planned no-confidence motion in the Gillard government."

Mr Swan's spokesman said the government had no plans to raise the gross debt limit.

Merrills' Mr Eslake said the increase which had already occurred was "troubling".

"If the trends that look increasingly obvious aren't addressed we might cross that threshold from safe territory to dangerous territory very, very quickly," he said.

Mr Eslake, Professor Madsen and Ms Westacott said Australia did not have a debt crisis, but money management was a serious issue.

The Coalition is intensifying pressure on cross-benchers, seeking support for a no-confidence motion. Independent MP Rob Oakeshott invited Mr Abbott to call him or come to his electorate if he wanted to discuss a no-confidence motion: "Let's have a bike ride, or a surf."

Mr Oakeshott said he was opposed to a no-confidence motion in budget week because it would reflect badly on Australia internationally.

Between the 2011-12 mid-year economic and fiscal outlook and the 2012-13 MYEFO, Treasury's estimate for this financial year's interest payments on government net debt soared by 20 per cent from $5.9 billion to $7.1 billion.

The Merrills forecast suggested a further increase in interest payments of as much as $1.1 billion. Government net debt of $165 billion equates to $14,238 for each of Australia's 11.6 million workers, up from $8001 per worker at the last election, an increase of $6237.

[garfield]

The ALP is a wrecking ball, you'd have to be a complete fucking cockhead to vote for them. ;D

[slartibartfast]

Do you still can't read graphs or answer questions.

[bender]

Mar 26, 2013 23:44:33 GMT 10 @garfield said:

The ALP is a wrecking ball, you'd have to be a complete f***ing cockhead to vote for them. ;D

Like your constant use of out-of-context graphs or your usual failure to actually show that you understand the articles you C&P Garfield I was wondering if you can actually name the costed policies that have been released by the Liberal Party. After all, they are the Party you presumably plan to vote for.

You've descibed the Government as a wrecking ball. Obviously not through the economy, as the launch post pointed out, all the key indices show Australia still at the top.

And we did have a stated alternative policy from the Coalition for the response to the effects of the GFC. It was wait and see how bad it would eventuate before actually doing anything. That's right, the Liberals policy at the moment when the Australian Economy depended on confidence in the Government was to let businesses go to the wall, the unemployment lines to swell and only then do something.

What was that you were saying about wrecking balls?

So tell me Garfield, how exactly do you believe the Government to be a wrecking ball?

On second thoughts, don't bother answering, no doubt your reply would be some news article that prove if nothing else that even a fucking idiot is capable of copying and pasting even if they don't really understand what it is they're posting....

[garfield]

You know whats funny, the Libs don't even need policies, the current ALP gov. is so appallingly bad that a party with no policies is going to obliterate it at the next election, thats just f***in hilarious, and you know what else is funny, the only people that want to see a Liberal party policy are hard core labor losers like you that would never vote for them in a million years anyway, no one else gives a f***!, they just want rid of gillard and the rest of the clowns and f***wits that currently make up the ALP .. thats funny, you're funny, every single gillard supporter is funny, in a tragic and pitiful way

[Deleted]

To make it easier for the likes of Garfrothie to understand basic high school economics ..Government debt can be descirbed like a mortgage on a investment property, yes a debt has occurred but there is net tangible profitable return in the future when the debt is paid and the property is owned outright....debt now bigger return later.

An this is what is happening with government debt..it is for building infrastructure needs that the Howard government neglected on achieving, taxed heavily, pork barreled the electorate with welfare and spent bugger all on infrastructure, sums up the good times wated of the Howard years, and ther needs for a future economy were forgotten for lets look good now fuckl the future.

And thats where Labor has it over the conservatives ....Labor has vision to the future economy...conservatives its a boom and bust mentality of just pander to the rich and pay them more welfare.

Only a neo nincompooop would think they are good government, or good for all the people.

[geopol]

Aus Labour ahead again!

[volk]

Mar 27, 2013 11:41:08 GMT 10 geopol said:

Aus Labour ahead again!

It'll be good come 2019, after a Coalition government has been in for its initial two terms, that we'll be able to compare the 2019 figures with the graph shown above?

[geopol]

That's simply pushing prejudice and invites shit and derision......

[volk]

Mar 27, 2013 14:14:36 GMT 10 geopol said:

That's simply pushing prejudice and invites shit and derision......

....or we could chat about it come 2019?

[caskur]

Mar 26, 2013 23:43:43 GMT 10 @garfield said:

;D


Julia Gilard's gift to Australia is massive and growing debt

there is no debt really. All they will do is become bank robbers when the time is right so why worry?

[Lord Stockton]

With Wayne Swan having junked the commitment to a surplus this financial year, Bank of America Merrill Lynch forecast Treasury would raise the estimate by $21 billion in the May Budget.


My guess of a deficit of $25 bill to $30 bill back in Dec 2012 for the full year 2012 -2013 is looking close to the mark.

[Lord Stockton]

'And perhaps the Lberal supporters here can keep telling us why they downtalk the economy that is the envy of the rest of the world? '

When you are standing in septic tank up to your neck in ALP inspired shit, yes you can look around and see US France Greece & others going down for the third time. Yes you can say we are better than them.

Personally, I prefer to be standing out side the septic tank with PoC Brazil & others without any shit any where near me.

[caskur]

They shouldn't be claiming "we're the envy of the world"... that is the most STUPID thing to do on many levels.

[bender]

Mar 27, 2013 15:57:13 GMT 10 Lord Stockton said:

'And perhaps the Lberal supporters here can keep telling us why they downtalk the economy that is the envy of the rest of the world? '

When you are standing in septic tank up to your neck in ALP inspired shit, yes you can look around and see US France Greece & others going down for the third time. Yes you can say we are better than them.

Personally, I prefer to be standing out side the septic tank with PoC Brazil & others without any shit any where near me.

And the reason no one takes your pronouncements seriously Stockton is that the day after the election (assuming the Liberals win) the economy in your eyes will be fine. It's one of those strange things about those on the right. They see nothing wrong with making misleading statements, with perpetuating untruths, with telling down and out lies if it's in aid of a political motive.

You pull them up on it and they say, "well, that was just the hyperbole, the heat of the moment. It doesn't count because it's just the political side."

There are an awful lot of things wrong with the Labor Party in general and this Government in particular but they do score high from me on one point. They're honest (or rather significantly more honest then the Howard Government).

[caskur]

Then give out these so called honest revelations!

I want a list.

[bender]

You might "want" a list

You need about 30IQ points.

[caskur]

see... he can't back his statements...

but we all knew that anyway!

[Lord Stockton]

'And the reason no one takes your pronouncements seriously Stockton is that the day after the election (assuming the Liberals win) the economy in your eyes will be fine. '

When convenient Bender you complain about people putting words in your mouth. Funny you don't do a bad job of doing exactly that when it suits you.

If however you actually want to hear my thoughts on the state of the Australian economy the day after the election, then

1 It will not change all that much for some considerable time. Swann's shit decisions will adversely impact for ages.
For a guess, I suggest there will be NO surplus for a min. 3 or even 4 years delivered by Abbott. The cost of swan's borrowings (at an 4% ave rate on $300 Bill) will put paid to any surplus any time soon. $12 Bill pa for a five plus years

2 the cancellation of Gillard's boat solution will take time to get through to all the crims in Malaysia & Indonesia . $2 bill for a couple of years

3 Un doing the carbon tax - heaven only knows how long


Unless of course Abbott cuts all pensions by 15%, and reduces all public servants wages who are currently on $80,000 pa or higher also by 15% but many on this board would be unhappy with that idea.

[slartibartfast]

Another one who lies about the carbon tax.

Gillard said openly that there would be a price on carbon and even Abbott agreed that this is what was needed.

In case you have forgotten what Abbottsaid, here it is:


And just how is Whyalla going, Stockton? They told us the carbon "tax" would devastate this town.

[pim]

Apr 1, 2013 17:56:03 GMT 10 slartibartfast said:

And just how is Whyalla going, Stockton? They told us the carbon "tax" would devastate this town.

Maybe that question needs to be put to Steven Marshall. He's the newly-minted (Liberal) State Opposition Leader who replaced the hapless but nice (in a grandmotherly way) Isobel Redmond. Steve's still in his "honeymoon" period and seems to be travelling well, so far, against Labor Premier Jay Weatherall.

I'd be rather interested in Steve Marshall's views on places like Whyalla and Port Pirie.

Of course the worst thing that could happen to Steven Marshall's chances of becoming State Premier is that the next State elections are to be held about 6 months after the federal elections. Voters will of course vent their spleen on federal Labor and quite possibly return the State Labor Government for a fourth term.

Such is politics!

[garfield]

Whyalla is devastated, but it was fucked long before gillard hit town, she's just knocking in the last few nails.

[Deleted]

Whyalla.