2019 Federal Election Thread

 
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Aahh  yes the old Coalition better economic managers myth

https://independentaustralia.net/politics/politics-display/remember-when-australia-had-the-worlds-best-economy,12577

Debt doubled but I really like this one
https://www.smh.com.au/public-service/selling-treasury-building-could-cost-taxpayers-hundreds-of-millions-20150217-13h0yp.html

It's easy to be a Neoliberal, until you run out of other peoples assets to sell.

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  RTT_Rules Dr Beeching

Location: Dubai UAE
Aahh  yes the old Coalition better economic managers myth

https://independentaustralia.net/politics/politics-display/remember-when-australia-had-the-worlds-best-economy,12577

Debt doubled but I really like this one
https://www.smh.com.au/public-service/selling-treasury-building-could-cost-taxpayers-hundreds-of-millions-20150217-13h0yp.html

It's easy to be a Neoliberal, until you run out of other peoples assets to sell.
wobert
It would be a myth if it wasn't for the fact that at change over of govt at both Fed and state level, the ALP has a history of debt. As a result the respective LNP govts around the country have a history of cost cutting and budget cuts to again stop the cycle of using other peoples money.

Now before you start, not every ALP govt, but unfortunately most of them.
  kitchgp Deputy Commissioner

GFC = LNP Negationism
  don_dunstan Minister for Railways

Location: Adelaide proud
No China boom to save us this time?
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Aahh  yes the old Coalition better economic managers myth

https://independentaustralia.net/politics/politics-display/remember-when-australia-had-the-worlds-best-economy,12577

Debt doubled but I really like this one
https://www.smh.com.au/public-service/selling-treasury-building-could-cost-taxpayers-hundreds-of-millions-20150217-13h0yp.html

It's easy to be a Neoliberal, until you run out of other peoples assets to sell.
It would be a myth if it wasn't for the fact that at change over of govt at both Fed and state level, the ALP has a history of debt. As a result the respective LNP govts around the country have a history of cost cutting and budget cuts to again stop the cycle of using other peoples money.

Now before you start, not every ALP govt, but unfortunately most of them.
RTT_Rules
So the facts dont suit, so we'll make some sweeping generalisation and try to sweep those pesky facts under the carpet. WA anyone.
  RTT_Rules Dr Beeching

Location: Dubai UAE
Aahh  yes the old Coalition better economic managers myth

https://independentaustralia.net/politics/politics-display/remember-when-australia-had-the-worlds-best-economy,12577

Debt doubled but I really like this one
https://www.smh.com.au/public-service/selling-treasury-building-could-cost-taxpayers-hundreds-of-millions-20150217-13h0yp.html

It's easy to be a Neoliberal, until you run out of other peoples assets to sell.
It would be a myth if it wasn't for the fact that at change over of govt at both Fed and state level, the ALP has a history of debt. As a result the respective LNP govts around the country have a history of cost cutting and budget cuts to again stop the cycle of using other peoples money.

Now before you start, not every ALP govt, but unfortunately most of them.
So the facts dont suit, so we'll make some sweeping generalisation and try to sweep those pesky facts under the carpet. WA anyone.
wobert
What facts, your link was to a Twitter page and those graphs are selective. As soon as someone quotes a link to social media = zero credibility, you are up there with Trump!

As I said, go through the last 30-40 years. Look at the state of the budget for any state and fed govt when changing parties in govt. It will clearly show you in most cases the ALP leave govt with usually a deficit and debt, on the other hand the LNP typically leave govt with a balanced budget and less or no debt.

Don't believe me, look up the facts in the various state and fed budgets.

A few examples supporting my statement
- Keating govt
- Rudd govt
- Whitlam govt

At state level
- NSW Wran govt, $40B in debt (1988 dollars)
- NSW ALP govt in 2011
- Vic Kane govt, $60B in debt (1988 dollars)
- Qld Bligh Govt, $80B in debt, current ALP govt is not repaying debt and now borrowing more.

There are probably others in WA and SA but I don't follow them enough.

A few examples of reverse
- Tas Grey Lib govt left state nearly bankrupt
- Tas Green/ALP govt that followed came close to a balanced budget budget in a recession, but laid off 5000 public servants which is why Greens crashed the govt, so many teachers and nurses sent home.

Any supporter of any side can claim what ever they like about our good their team is, but at the end of the day if you cannot live within your means, then you cannot manage the economy in a sustainable manner. Yes its ok to borrow money during a downturn to stimulate the economy, but this must be done in such a way that the budget is returned to balance within a reasonable period of time.

The current forecasts are that it will take until at least 2030 for the Feds to pay off the debt generated over last 10 years. So for 12 years over $40B a year extra must be raised in taxes to fund debt repayment. This does not factor in any future downturn in the economy. This is akin to using one credit card to pay off another.

If Qld was debt free, it could fund the CRR project itself with less than 2 years of debt repayments.
IF Vic was debt free, it would have the revenues to fund the Metro project as its built
If the Feds were debt free, they could fund the Inland project in less than a year

We talk about foreign owned companies sending profits OS, govt interest payments are no different.

So yes, the facts stand for themselves.
  allan Chief Commissioner

It does seem that some commentators believe that faulty assumptions forming the basis for the prediction of a budget surplus leave that outcome unlikely...

https://www.abc.net.au/news/2019-04-29/who-loses-most-in-a-pre-election-rate-cut/11053140

Interesting reading.
  Carnot Chief Commissioner

All going a bit pear-shaped in the NT for the ALP
  don_dunstan Minister for Railways

Location: Adelaide proud
...on the other hand the LNP typically leave govt with a balanced budget and less or no debt.
RTT_Rules

So how did they manage to double national debt in just six years given (according to you) they have superior economic skills?
  don_dunstan Minister for Railways

Location: Adelaide proud
Here's yet another example of 'superior' LNP management of money - SMH;

A 14-year-old audit report shows how the Commonwealth lost out badly when the Howard government sold the Department of Finance's R. G. Casey building in 1998.

Taxpayers have since been footing the Department of Foreign Affairs and Trade's above-market rate rental bill, which has now reached well over $20-million a year after a lease renewal in December.

They've been selling Commonwealth buildings and then leasing them back at extortionate rates - for what purpose? To make the short-term budget figures look good?

These people are either incompetent or crooked, take your pick.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Don, I just love that one,sold the building for 200 million, and have paid 300 million in rent since. You couldn't make stuff up like that.
  michaelgm Deputy Commissioner

...on the other hand the LNP typically leave govt with a balanced budget and less or no debt.

So how did they manage to double national debt in just six years given (according to you) they have superior economic skills?
don_dunstan
C'mon, Don, get with the programme. It's labors fault.
At what stage does the government take responsibility?
It's been six years, debt and deficit disaster. It is now.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Pork all round

https://www.theage.com.au/federal-election-2019/pork-pork-and-more-pork-20190422-p51g3z.html
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
But remember, I have the credibility of Trump, so the previous must be all wrong
  don_dunstan Minister for Railways

Location: Adelaide proud
Don, I just love that one,sold the building for 200 million, and have paid 300 million in rent since. You couldn't make stuff up like that.
wobert
Howard was as much of an economic vandal as the rest of them.

What was the benefit to the taxpayers on selling a purpose-built Commonwealth building to a private entity and then renting it back for more than it was sold for?
  michaelgm Deputy Commissioner

Don, I just love that one,sold the building for 200 million, and have paid 300 million in rent since. You couldn't make stuff up like that.
wobert
AKA, asset recycling, another gem from Hockey.
Not lifters and learners this time but, winners and losers. Winner being the buyer and loser the taxpayer the owner of the asset, government is simply the custodian.
  justapassenger Chief Commissioner

All going a bit pear-shaped in the NT for the ALP
Carnot
Two things are entirely symbolic about this:
1. His standing aside, because he's already on the ballot paper as an ALP candidate and the first ballot papers started being issued today.
2. His candidacy was symbolic in the first place, it's practically impossible for a party to win both Senate seats in a Territory and they only select a second candidate to satisfy the eligibility to have a box above the line.

Also in candidacy issues, Rod Culleton has been referred to the Australian Federal Police for making a false declaration on his candidacy form.
  don_dunstan Minister for Railways

Location: Adelaide proud
Pork all round

https://www.theage.com.au/federal-election-2019/pork-pork-and-more-pork-20190422-p51g3z.html
wobert
I really love the part about paying child-care centre workers another $11,000 p/a for their really highly skilled work in raising children in institutions. Then again it's not the Labor Parties money so why should they care?

I have a suspicion that this election is Shorten's to lose; even my rusted-on Labor friends don't like him... Newspoll says today that the gap is narrowing and Morrison is getting traction. Either way I strongly suspect that we will have a minority government no matter who gets into office; and with a minority government expect even more pork-barrelling, vote-buying and unstable, indecisive government.
  michaelgm Deputy Commissioner

Pork all round

https://www.theage.com.au/federal-election-2019/pork-pork-and-more-pork-20190422-p51g3z.html
I really love the part about paying child-care centre workers another $11,000 p/a for their really highly skilled work in raising children in institutions. Then again it's not the Labor Parties money so why should they care?

I have a suspicion that this election is Shorten's to lose; even my rusted-on Labor friends don't like him... Newspoll says today that the gap is narrowing and Morrison is getting traction. Either way I strongly suspect that we will have a minority government no matter who gets into office; and with a minority government expect even more pork-barrelling, vote-buying and unstable, indecisive government.
don_dunstan
Agree, Don. Whoever ends up in the big chair, is likely inheriting the poisoned chalice. They can have it.
  x31 Chief Commissioner

Location: gallifrey
Today news is talking about the coalition closing the gap on the ALP as we move closer to the election.

Might Scomo actually pull this one off.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Today news is talking about the coalition closing the gap on the ALP as we move closer to the election.

Might Scomo actually pull this one off.
x31
I think he pulled it off a long time ago.
  wobert Chief Commissioner

Location: Half way between Propodolla and Kinimakatka
Dunno how I stumbled on this, I gotta get out more.

https://www.michaelwest.com.au/australias-growing-debt-explodes-the-myth-that-libs-are-better-economic-managers/



Interesting read, but its all wrong.
  Carnot Chief Commissioner

I've come to the conclusion that one must have a Personality Disorder to be a politician in this country.
  michaelgm Deputy Commissioner

I've come to the conclusion that one must have a Personality Disorder to be a politician in this country.
Carnot
Did you catch Clive on 9's today show this morning?
If what you're suggesting above is correct, then Clive is eminently qualified to be PM.
  Carnot Chief Commissioner

I've come to the conclusion that one must have a Personality Disorder to be a politician in this country.
Did you catch Clive on 9's today show this morning?
If what you're suggesting above is correct, then Clive is eminently qualified to be PM.
michaelgm
For posterity:


https://www.youtube.com/watch?v=8WIRfxTwYJs

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