Knobby22
Mmmmmm 2nd breakfast
- Joined
- 13 October 2004
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True but cutting spending during a recession makes it worse and tax income will fall markedly meaning higher taxes. Hopefully we avoid it.
The problem with a recession it isn't selective who it hurts, spending cuts still happen, they just happen with less opposition.
This is because everyone has bigger things to worry about, like 10%+ unemployment, crashing values, increasing inflation and the like.
The problem with a recession it isn't selective who it hurts, spending cuts still happen, they just happen with less opposition.
This is because everyone has bigger things to worry about, like 10%+ unemployment, crashing values, increasing inflation and the like.
True but cutting spending during a recession makes it worse and tax income will fall markedly meaning higher taxes. Hopefully we avoid it.
Yes it's getting more serious than people jousting on discussion boards and at cocktail parties. I've sold off a fair bit of property of late to put myself in a less exposed position and cash ready for acquisitions if they pop up. The GFC showed some stark differences between the USA and Oz when it came to pumping the economies with borrowed monies .... the USA leapt to the business challenge, while we coalesced with our TVs and sporting heroes thinking China would buffer us...... can do mindset the yanks.
Apparently we avoided a recession after the GFC, because Kev sent out $900 cheques to everyone on welfare, it was nothing to do with the mining boom. Or so Fairfax and Laborites told us at the time.
So the answer is simple, all Tony has to do is send out $900 cheques to everyone on welfare, problem solved. lol, lol, lol.
That should fix it, Labor economics 101.
By the way it is hard to cut spending when you can't pass cuts, the same goes for increasing taxes, so that leaves increased debt.
FFS mining shed 19% of its work force due to the GFC................if retail did the same(biggest employer at the time Australia wide) what do you think would have happen........hint we would have been fu(ked.
Again it was Ken Henry who had experienced previous recessions and quote "Go early, go hard and go households" who steered Australia thought the biggest financial contraction since the 1930's.
FFS mining shed 19% of its work force due to the GFC................if retail did the same(biggest employer at the time Australia wide) what do you think would have happen........hint we would have been fu(ked.
Again it was Ken Henry who had experienced previous recessions and quote "Go early, go hard and go households" who steered Australia thought the biggest financial contraction since the 1930's.
Strewth old Sp has a better grasp of economics than that pointy head Ken Henry.
So FIFO was shutdown, don't think so, you can't shut down construction that quick, smoke and mirrors garbage. Retail did nothing, because nothing happened, in the general economy.
Mining has shed more than they ever did during the gfc, as the construction phase has ended.
Now we must really be fu{ked, so why not give out another $900, as I said more have been laid off, therefore by your reasoning, retail will do the same?
Labor reasoning 101.
Also it became obvious how many people took notice of what Ken Henry said, when Labor who commissioned him, didn't take any notice of him. FFS
Labor ran with knee jerk policy for their whole term of office, now they are blocking cuts that they themselves suggested.
No credibility, no honour, no clue.
No old SP has a better grasp of reality, than IFocus.
You wouldn't be quoting a report set up by Abbott, that he then didn't act on, you would be bagging it.
So why start quoting Labor reports, that Labor didn't act on.
Jeez I suppose you will be quoting Blanchet's talk to the U.N because Rudd, had her and some other actors over for a brain fart.
How anyone can give any credibility to Rudd, Gillard, Rudd terms of office, should have a reality check.IMO
The only winner out of all that, was Bob Brown.
Just look at the Labor royalty ,that walked after that fiasco.
I think you are confusing yourself again. The quote that Ifocus used from Ken Henry isn't from his taxation review. Do you really think the phrase "go hard" would find its way into an official report.
CHRIS UHLMANN: So can you tell us exactly what you said in that little phrase?
DR KEN HENRY: Well I did say, ‘Go Hard, Go Early and Go to Households.’ I did say that.
CHRIS UHLMANN: And do you feel vindicated, particularly after that first stimulus package because you did see an effect on the economy which came very quickly?
DR KEN HENRY: Yeah, I think so, I do. It’s not a personal thing. I must say that in the Treasury we had discussed this possibility years earlier. And we’d asked ourselves a question, senior group of people in the Treasury – what would we do if we were to be hit with another big negative shock and how would we respond, what would our advice to the Government be? And everybody in the senior levels of the Department was of a one mind on how the Department should provide advice.
http://www.abc.net.au/7.30/content/2012/s3503553.htm
Was one of those 3 his flawed mining tax that Julia Gillard turned into her mining tax for which Wayne Swan spent the revenue it never raised ?I think Labor used 3 out of 148 recommendations by Ken Henry...near enough to nothing.
Was one of those 3 his flawed mining tax that Julia Gillard turned into her mining tax for which Wayne Swan spent the revenue it never raised ?
I hear the govt is salivating over a double dissolution ... the hope is that Labor will win and inherit the poisoned chalice of a country going in a recession we didn't have to have.
]
esteemed journalists
Disgusting Politician uses the word “Goebbels” to make a point.
Date: March 11, 2011
Mark Dreyfus
“Abbott's wildest claim is that he is running a "truth campaign". Leaving aside the Goebbellian cynicism of labelling a scare campaign a "truth campaign"”
http://www.smh.com.au/federal-polit...oebbels-in-truth-campaign-20110310-1bq45.html
former Treasurer Wayne Swan:
“In recent weeks there has been a Goebbels type campaign by the Leader of the Opposition, the member for Bennelong (Mr Howard), and others on his front bench to remake their image from hard Right ideologues to soft, cuddly, caring, non-threatening middle of the road type social democrats. “
Labor MP Jill Hall: 2006
“They have vilified asylum seekers and refugees in a way that would make Goebbels blush.”
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