And it isn't by any means the first time Treasury's projections have been hopelessly wrong. viz the constant adjustments to surplus/deficit forecasts.
The Independents are smart enough to realise any alliance with the coalition will mean the Nationals are out to discredit and dislodge them, on the basis that the Nats feel the Independents have taken seats which rightfully belong to the Nats. The Independents are no different from any other politicians, and will have primarily in mind their own political well being.
Independent mining experts last night agreed with the report, saying it backed their analysis that the MRRT faced a massive shortfall after Julia Gillard's decision to scrap the more onerous resource super-profits tax in July. The potential $8bn revenue shortfall over two years is bigger in annualised terms than the $11 billion "black hole" in Tony Abbott's costings over four years that was revealed last week. A spokesman for Wayne Swan said the government stood by its forecasts, which had been confirmed by Treasury.
A new article from the Australian on Julia's black hole in the mining tax.
Full article: Julia Gillard mine tax 'to deliver $8bn less than forecast'
That's your opinion - and if correct, how can Abbott ever govern with such a toxic relationship?No Mofra, you've got it wrong. Treasury and Ken Henry are very biased towards Labor and you will never convince me otherwise. It's wheels within wheels.
That's your opinion - and if correct, how can Abbott ever govern with such a toxic relationship?
I don't agree with all of Bob Katter's positions. But I have great sympathy for his philosophy of supporting rural Australians.
There is no misty-eyed rainbow coalition in the making here but one weakened bloc relying on a bunch of misfits, oddballs, rebels, megalomaniacs and ideologues to cling to power. Take your pick which is which.
Being in government would pay better but I think being in opposition would be more fun.
http://www.theaustralian.com.au/new...ue-fence-jumpers/story-e6frg6zo-1225914993241
I don't agree with all of Bob Katter's positions. But I have great sympathy for his philosophy of supporting rural Australians.
I can understand being passionate about a cause, but he went well and truely beyond that. His agression was disgusting. He had no reason to treat the audience members the way he did, pointing his fingers in a very aggressive threatening way. He reeks of 'my way or the highway'.
Time to renew the passport and head to the airport me thinks.
Frightening stuff .... and to think he is going to have the balance of power.
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