Oz Federal Election 2013 - Discussion and Comments

[drron]

You don't disagree then. Since "the budget numbers tell the story", after all.

The Budget numbers certainly tell the story.
Mr Costello budget surpluses that came in above budget projections.
Mr.Swan budget deficits which also came in way above estimates.
And apart from 2009 income went up every year.

 

[BadgerBoi]

It's just a shame we don't have anyone like Margaret Thatcher to choose.

She was great.

Thatcher was last century's woman; she wouldn't have been appropriate for Australia either in her time or today.
History is already judging her very poorly, and rightly so.

 

[amaroo]

The Budget numbers certainly tell the story.
Mr Costello budget surpluses that came in above budget projections.
Mr.Swan budget deficits which also came in way above estimates.
And apart from 2009 income went up every year.

Howard came into office - saw the numbers.....changed policy and created surplus after surplus after surplus!

Rudd/Gillard/Rudd came in & out of office - (funny if you're Italian, Japanese, Russian....however, seriously embarrassing for everyone else!) saw the numbers......and created the largest debt the country has ever seen

 

[Skyring]

Howard came into office - saw the numbers.....changed policy and created surplus after surplus after surplus!

Rudd/Gillard/Rudd came in & out of office - (funny if you're Italian, Japanese, Russian....however, seriously embarrassing for everyone else!) saw the numbers......and created the largest debt the country has ever seen

Remember when Keating was Treasurer? He had a few budgets that - as he so very colourfully put it - brought home the bacon.

Swannie promised us bacon. 165 times. Was there bacon? There was not!

 

[amaroo]

Swannie promised us bacon. 165 times. Was there bacon? There was not!

Just like a QF flight via Dubai.........a poor substitute does not deliver a good meal or government.

 

[HarryB]

Howard came into office - saw the numbers.....changed policy and created surplus after surplus after surplus!

Rudd/Gillard/Rudd came in & out of office - (funny if you're Italian, Japanese, Russian....however, seriously embarrassing for everyone else!) saw the numbers......and created the largest debt the country has ever seen

Even I could succeed creating a surplus if I sold off assets such as Telstra and enjoyed the benefits of the mining boom. You simply cannot compare the last 6 years, which saw the GFC and significant hits to mining revenue to the Howard era and suggest one government is better fiscally than the other just because there were surpluses. Many things suffered under Howard's reign, such as infrastructure so it ain't all roses.

I'd be a hell of a lot wealthier if I saved the money I spent on improving my house, but I wouldn't be living in as nice of a place.

That said, the current government have might a lot of mistakes. But then so did the Howard Government.

 

[Pukka]

Thatcher was last century's woman; she wouldn't have been appropriate for Australia either in her time or today.
History is already judging her very poorly, and rightly so.

Which history is judging her poorly ?

Argentinian history?

Coal mining history?

Or just the history of people who want to riot rather than work for a living

 

[BadgerBoi]

Even I could succeed creating a surplus if I sold off assets such as Telstra and enjoyed the benefits of the mining boom. You simply cannot compare the last 6 years, which saw the GFC and significant hits to mining revenue to the Howard era and suggest one government is better fiscally than the other just because there were surpluses. Many things suffered under Howard's reign, such as infrastructure so it ain't all roses.

I'd be a hell of a lot wealthier if I saved the money I spent on improving my house, but I wouldn't be living in as nice of a place.

That said, the current government have might a lot of mistakes. But then so did the Howard Government.

A colony of trained monkeys could have successfully managed the economy during the Howard/Costello years.

 

[amaroo]

Even I could succeed creating a surplus if I sold off assets such as Telstra and enjoyed the benefits of the mining boom. You simply cannot compare the last 6 years, which saw the GFC and significant hits to mining revenue to the Howard era and suggest one government is better fiscally than the other just because there were surpluses. Many things suffered under Howard's reign, such as infrastructure so it ain't all roses.

I'd be a hell of a lot wealthier if I saved the money I spent on improving my house, but I wouldn't be living in as nice of a place.

That said, the current government have might a lot of mistakes. But then so did the Howard Government.

Feel free to go well past the last 6 years to see the numbers.

Look no further than the chart headed - Government Net Debt......tells it - like it is:!:

 

[drron]

Even I could succeed creating a surplus if I sold off assets such as Telstra and enjoyed the benefits of the mining boom. You simply cannot compare the last 6 years, which saw the GFC and significant hits to mining revenue to the Howard era and suggest one government is better fiscally than the other just because there were surpluses. Many things suffered under Howard's reign, such as infrastructure so it ain't all roses.

I'd be a hell of a lot wealthier if I saved the money I spent on improving my house, but I wouldn't be living in as nice of a place.

That said, the current government have might a lot of mistakes. But then so did the Howard Government.

A colony of trained monkeys could have successfully managed the economy during the Howard/Costello years.

Rewriting history are we?
The terms of trade have been at all time highs during the Swan years.More mineral exports,higher prices for Mr.Swan and you are trying to say Costello had it better?

 

[drsmithy]

Howard came into office - saw the numbers.....changed policy and created surplus after surplus after surplus!

Secret of the Howard Government’s surpluses | | MacroBusiness
Howard’s legacy questioned by IMF | | MacroBusiness

 

[drsmithy]

Seems you dismiss the GST and at least establishing the Future fund to pay for future needs.

The GST is notable in its uniqueness, and in no small way offset by the disastrous halving of CGT.


All the future fund achieved was stealing a whole bunch of money from the public to give politicians even less incentive to run the budget properly, and providing Costello a nice cushy job after he left politics.

So tell me how much has Mr.Swan added to the Future Fund?

Hopefully as little as possible.

 

[amaroo]

..........

I was taught actual results/numbers were better than rhetoric and pointless commentary.

Feel free to post facts (numbers) that challenge the ones I've posted!

 

[Skyring]

That's $60 Mill down to you, Ruddy.

Rudd inherited a system that worked, ensured that just about all refugees who arrived in Australia did so safely, had good documents, were healthy etc.

He broke that within a year and then Gillard really got to work stuffing things up.

We're now well past even the worst days of the Howard era. $60 million dollars destroyed in an afternoon. Not to mention a thousand lost at sea.

A little bit of honesty over who stuffed up would be nice.

 

[drsmithy]

Remember when Keating was Treasurer? He had a few budgets that - as he so very colourfully put it - brought home the bacon.

Swannie promised us bacon. 165 times. Was there bacon? There was not!

Keating seems pretty lukewarm on Swan, as well.

 

[Pukka]

The GST is notable in its uniqueness, and in no small way offset by the disastrous halving of CGT.


All the future fund achieved was stealing a whole bunch of money from the public to give politicians even less incentive to run the budget properly, and providing Costello a nice cushy job after he left politics.



Hopefully as little as possible.

Disastrous halving of the CGT lol oh please why would you think that.

On I know maybe its because those rich types with share portfolios and investment properties pay it. The ones that have paid tax all their lives and subsidize those less fortunate.

 

[drsmithy]

I was taught actual results/numbers were better than rhetoric and pointless commentary.

I was taught honesty and integrity were important.

The topic was Howard's structural deficit. Your "facts" are just trying to divert the discussion away from that topic.

 

[eastwest101]

Rewriting history are we?
The terms of trade have been at all time highs during the Swan years.More mineral exports,higher prices for Mr.Swan and you are trying to say Costello had it better?

Terms of trade (or a basket of commodity prices as seen in this graph) really started to take off about 2003-2004 depending on the commodity, as a ot of commentators have said - it was mostly about industrialization in China feeding demand and no supply of commodities due to lack of investment due to low prices throughout the 1980's and 1990's.




Sorry the graph is so small - I don't know why the site does this to images now - it didn't used to do this a few months ago.

 

[amaroo]

I was taught honesty and integrity were important.

The topic was Howard's structural deficit. Your "facts" are just trying to divert the discussion away from that topic.

Sorry - I know the truth hurts.

Take a look at the other charts.....payments/receipts would be a good place to start.

 

[cove]

That graph is perfect on my IPad as I can "enhance it". Not pretty for how Wayne Swan and the rest of the muckers handled it.