Australian (ASX) Stock Market Forum

The Abbott Government

Now your talking.
The electorate is with us!

I now have to concede that Rumpy, sydboy, Myths, IFocus and co. are right. Switching from a left wing Labor/Green government to a Conservative Coalition was a failed experiment.

Shorten is the Man. In his speech maybe he didn't promise to restore all our entitlements...in fact, he wisely made no promises at all, but at least he will be keeping Rudd's promises on Gonski education, NDIS health and NBN, i.e.pour billions of unfunded dollars into them forever.

And this makes sense. Doesn't it?
 
I now have to concede that Rumpy, sydboy, Myths, IFocus and co. are right. Switching from a left wing Labor/Green government to a Conservative Coalition was a failed experiment.

Shorten is the Man. In his speech maybe he didn't promise to restore all our entitlements...in fact, he wisely made no promises at all, but at least he will be keeping Rudd's promises on Gonski education, NDIS health and NBN, i.e.pour billions of unfunded dollars into them forever.

And this makes sense. Doesn't it?

I knew you would come round sooner or later

;)
 
bom.jpg

Labor Party new logo. I'm with you WayneL on leaving the country if the voting public get the government they deserve :banghead:
 
The problem with Socialism is that always run out of other peoples money.

Bingo...thats it. If they called an election today i still think the liberals would pull over the line, but it would be by a slim margin...likely the worse scenario possible, after an outright labor win:2twocents.
 
Nobody can accuse Newman and the other State Premiers of being opportunists.:rolleyes: They are merely trying to cash in on the current unpopularity of Abbot and Hockey to prop up their own declining fortunes at home. The message for the Coalition is loud and clear;

DON'T MESS WITH OUR ENTITLEMENTS.

State premiers have reacted angrily to an $80 billion federal budget cut to schools and hospitals funding, accusing the Commonwealth of trying to "wedge" them into pushing for a hike to the Goods and Services Tax (GST).

www.abc.net.as/2014-05-14/budget-2014-states-react-to-health-and-education-cuts/5452234u/new
 
Nobody can accuse Newman and the other State Premiers of being opportunists.:rolleyes: They are merely trying to cash in on the current unpopularity of Abbot and Hockey to prop up their own declining fortunes at home. The message for the Coalition is loud and clear;

DON'T MESS WITH OUR ENTITLEMENTS.



www.abc.net.as/2014-05-14/budget-2014-states-react-to-health-and-education-cuts/5452234u/new

But there is no emphasis on the fact that the states will still get there funding for another 3 or 4 years, so there is plenty of time for discussion and resolution to solve the problem which the states are all complaining about.......It is not that the the states will loose $80 billion on July 1 2014.....it is spread over the next 10 years..:banghead::banghead:.
 
Nobody can accuse Newman and the other State Premiers of being opportunists.:rolleyes: They are merely trying to cash in on the current unpopularity of Abbot and Hockey to prop up their own declining fortunes at home. The message for the Coalition is loud and clear;

DON'T MESS WITH OUR ENTITLEMENTS.

www.abc.net.as/2014-05-14/budget-2014-states-react-to-health-and-education-cuts/5452234u/new
Any government would rather spend than manage. The former is more politically popular in the shorter term as the current budget has demonstrated.

The federal government's pull back of Labor's unsustainable spending on health and education from their out years isn't only about the GST. It's also about encouraging greater fiscal restraint at the state level. Politically, that makes them very unhappy.
 
Take your pick.

Complaints about the Budget pain are like complaints that life-saving surgery leaves you sore. Paul Sheehan on Labor’s amoral attacks on the Abbott Governments attempts to fix what Labor broke:

In 33 minutes of highly accusatory rhetoric [Opposition leader Bill] Shorten offered not a single sentence about how to fund the mountain of unfunded obligations Labor had left behind. Not a word about what taxes it would impose, what costs savings, efficiencies, sacrifices and hard choices it would make.

What Shorten conspicuously omitted from Labor’s Shangri-La ‘’legacy’’ was that after inheriting the strongest budget position of any of the world’s 20 largest economies, Labor ran up debt at a rate faster than any of these major economies and created a legacy of huge costs. These costs, locked into legislation, are only just coming on stream. They included the national broadband network, the National Disability Insurance Scheme and the Gonski education reforms, and are in addition to the rapid rises in healthcare and welfare payments for an aging population.

Shorten did not even try to offer an alternative route in the real world, a road map of funding his promises when the government is already spending $1 billion a month servicing Labor’s debt. This debt was used for spending sprees that did little to raise productivity, infamously the ‘’cash splash’’, the border protection debacle, the gold-plated, centralised, feather-bedded building national program for schools halls and the similarly afflicted home insulation program.



http://blogs.news.com.au/heraldsun/...-blogs:mini-blogs|1|heading|homepage|homepage
 
Try to read a bit more widely noco.

Big attack yesterday from a right wing think tank - Institute of Public affairs. Chris Berg. Look it up yourself.
They are calling Abbott's budget a high taxing, high spending budget and are quite unimpressed.

There are many ways to get the money and debt down with destroying pensioners, the CSRIO, Medicare, universities etc. but when you have right wing think tank (full of very powerful people) criticising the budget you know you have a problem.

The faceless men of the Liberal party will be announcing some changes soon.
 
Try to read a bit more widely noco.

Big attack yesterday from a right wing think tank - Institute of Public affairs. Chris Berg. Look it up yourself.
They are calling Abbott's budget a high taxing, high spending budget and are quite unimpressed.

There are many ways to get the money and debt down without destroying pensioners, the CSRIO, Medicare, universities etc. but when you have right wing think tank (full of very powerful people) criticising the budget you know you have a problem.

The faceless men of the Liberal party will be announcing some changes soon.

Do you mean WITHOUT destroying pensioners etc.
 
.
There are many ways to get the money and debt down with(?) destroying pensioners, the CSRIO, Medicare, universities etc.

Yes, it was very distressing for me to see the destroyed pensioners and destroyed uni students queueing up for their morning uppers at The Coffee Shop this morning. The wailing was pitiful to behold.

I have now seen the light;

How Dare They Mess With Our Entitlements.:mad:

I live in a retirement village and I am trying to organise a pensioner protest group (with the help of GetUp and Uni Socialist Activists) to demonstrate outside the local member's office. I am making a placard of Abbott destroying a pensioner.
 
The old age pension has to go sometime, the math just doesn't work anymore unless all the working people want to be taxed allot more to pay for the aging population. Its just a matter of which party has the courage to take this on first. I reckon the labor party is laughing their butts off at the liberals for doing doing this first...
 
Did you read what I said regarding the Institute of Public Affairs? Do you know who they are?
Did you see their statement regarding a high taxing high spending budget?

Feel like I'm talking to Mao Se Tung acolytes. Just keep sprouting the propaganda.
:banghead:
 
I really think this is all a strategic move by the liberals. They look like the big bad wolf, bring the bad news first then perhaps get a little further ahead than anyone expects before the next election where they can sweeten things up a bit to stay in power....Got to be a strategy there somewhere, no one would piss off this many voter on purpose without a view to a strat coming into play later....
 
Yes Knobby, wr must look to the Labor Party for the untainted :rolleyes:

But Wayne you don't realise what a liberating feeling it is, to have seen the light and be able to share the phiposophies of the wise and "untainted" contributors to this discussion.

I haven't felt so good about myself since as a young uni student I used to flog the Communist Tribune on street corners in Brisbane on a Saturday morning.
 
Top