Dee Thom
Member
- Joined
- Aug 2, 2006
- Posts
- 340
Maybe Abbott will be able to force Rudd into debate in a way that Turnbull was unable to achieve.
Well Said !!!.........................
Cheers Dee
Maybe Abbott will be able to force Rudd into debate in a way that Turnbull was unable to achieve.
...Despite the blinkers Medhead Costello at least kept Australia out of debt and that and not Keating's reforms is what has enabled the Fairy ruddfather and his tooth fairy sidekick to spend our way temporarily out of trouble.
Ah ! How quick we forget that over the years the LNP when returned to power, has had the task of rebuilding the Australian Economy, but LAB has always had a handy surplus to start their spending stupidity............
Cheers Dee
How many other countries other than Australia have not drifted into recession?
Robert, there are three main reasons in answer to your question:-
1) As you said Australias' massive resources.
2) That huge surplus that was left for the ALP.
3) The CHINA factor ( the economic downturn did not effect them )
Cheers Dee
Robert, there are three main reasons in answer to your question:-
1) As you said Australias' massive resources.
2) That huge surplus that was left for the ALP.
3) The CHINA factor ( the economic downturn did not effect them )
Cheers Dee
You have got to be joking.(A) overtaxing superannuation for many of the 12 long years that the tories were in power
- The massive resources boom wasn't due to any great maneuvring by the Howard govt.
- The huge surplus was substantially due to taxes raised from:
(B) taxes and royalties raised from the resources boom
- If you think China wasn't affected by the GFC (aka economic downturn) you have to be joking! OK they may not have been in recession, but their economy was hit hard as demand for goods from the US and Europe dried up.
Well there are some many good responses to this political debate. It is hard to know where to start. So sorry in advance Drron if it looks like I'm picking on you. Obviously it is true, as you say about the timing of reforms. But the "recession we had to have" is a great narrative and it matches the facts since, broadly speaking. And I fully given Howard/Costello some credit. But then having heard the "world's greatest treasurer" speak on this matter, he claims that his reforms are automatically balancing. That is also a good narrative to claim credit for work that might have later.Ah politics.Amazing what people believe.Yes Medhead and Keith Keating did make absolutely necessary reforms to the economy.But most were in fact before the recession we had to have.jacking up interest rates to nearly 20% certainly acheived wonderful results.
Now just why did Keating lose in 96.Let me think-an inspiring opposition leader with breathtaking policies.Hmm.Maybe because Australians just didnt believe the musings of the true believers and felt they werent better off.
Despite the blinkers Medhead Costello at least kept Australia out of debt and that and not Keating's reforms is what has enabled the Fairy ruddfather and his tooth fairy sidekick to spend our way temporarily out of trouble.
Why did keating loss. I'm not sure, I hated him more in 1993 than in 1996. But the hate was still there in 1996 - Me a uni student applying for hundreds of jobs and getting nothing and keating telling me to go and get a job. I hated that arrogant sod. But I basically, think he was beaten by a lie, "Never, ever GST".
Which gets me to a final point, kind of. That point being GST. It is only GST that kept Costello out of debt. 96 to 98 was slash and burn time for the Libs. Then they got the GST and this was a magic pill for them on debt.
Not only that, as noted they didn't invest in infrastructure, which has really hurt our economy now. To me while the cash is positive the lack of investment is a major debt that is going to take years to fix.
BTW I don't believe in this cough about ALP always spends and Libs save. Otherwise, I'd just pull out that Australia always turns to ALP in the hard times - WW1 and WW2 for a start.
My other comments certainly don't prevent me from seeing (and agreeing with) the truth of what you've said.While something went awry in its implementation, I do think GST was the right way to go. Got rid of that horrid sales tax system, got rid of a bunch of state taxes.
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Classic.I for one am tired of this ETS/methane discussion!
I personally leave no carbon footprint because I drive everywhere and if it's too far to drive I fly. Ergo no footprint!
As far as the cattle/methane argument is concerned, I do my bit there as well - I have T-bone steak every night
One thing I do like about preferential voting is it's actually a vote against candidates, not for.
The GST initially raised far more revenue than ever predicted by Keating (when he advocated it) and Howard (when he implemented it). (This was despite some disreputes with dummy "companies" ripping off millions in Input Credit rebates in the early days.)
In more recent years, it has all settled down and there are established legal methods to reduce one's GST exposure.
It may have, however actual GST revenue has outstripped predictions.... I am pretty sure that I have read reports that under the GST, the opposite has happened and the 'black' cash economy has grown significantly.