The Abbott Government

[sptrawler]

Hang in there DR it can only get worse for this current woeful non government.

A good morality test of the border protection polices is the speed at which Morrison is distancing himself from them.................

Would that be like the way, Labor are distancing themselves from budget measures, they proposed?

That really shows morality issues.

 

[Tisme]

Would that be like the way, Labor are distancing themselves from budget measures, they proposed?

That really shows morality issues.

Jeez Sp, going by the last few posts, you seem to be on a frenetic crusade to patch the shell holes others are firing at your LNP ship ... you are turning into NOco

 

[sptrawler]

Jeez Sp, going by the last few posts, you seem to be on a frenetic crusade to patch the shell holes others are firing at your LNP ship ... you are turning into NOco

Just trying to help out noco, he seems to be outnumbered.lol

Supporting the LNP, is a bit like the Alamo, shoulder to shoulder, backs to the wall.lol

Massively outnumbered, but not surrendering the flag.

 

[Tisme]

Just trying to help out noco, he seems to be outnumbered.lol

Supporting the LNP, is a bit like the Alamo, shoulder to shoulder, backs to the wall.lol

Massively outnumbered, but not surrendering the flag.

I like your style

 

[sptrawler]

I see China are going to prop up their uneconomical iron ore miners.

https://au.news.yahoo.com/thewest/business/a/27027955/china-to-prop-up-its-domestic-miners/

I certainly hope the FIRB, is instructed to block any attempt by Chinese companies, from buying our struggling iron ore juniors.
China ramps up demand, then when production is increased, wind back demand to send companies broke. Twiggy Forrest is right about us reducinging supply, to meet the market. Opec have been doing it for years, and that was o.k.

 

[sptrawler]

Jeez Sp, going by the last few posts, you seem to be on a frenetic crusade to patch the shell holes others are firing at your LNP ship ... you are turning into NOco

Here you go tisme, the Abbott Government put fiscal pressure on people to vacinate their kids, do they get credit?

Hell no.

It was the Daily telegraph that did it.

http://www.dailytelegraph.com.au/ne...r-no-jab-reforms/story-fnpn118l-1227300073570

It's a shame the press only applaud Government initiatives, that coincide with theirs.

Obviously the press have the font of all knowledge and know what should be done.

Absolute dicks, when we have a third world economy, they will tell us why it happened.

Because the Government didn't cut back spending.
Because wages were too high and we weren't competitive.
Because we poured money into a car industry to make cars unique to our country.
Because we demanded that things can't change.
Because we put the world climate ahead of our future, honourable but stupid, as it made zero difference.
We live a champagne lifestyle with a beer economy, it is about time the media woke up.

 

[drsmith]

Mathias Cormann lays it on the table for Colin Barnett over WA's GST share,

In the meantime, and while that work is being done, GST shares should be frozen at this year’s level for everyone.

This would mean a GST share of 37.6 per cent for WA instead of just 30 with all other GST relativities for every other jurisdiction remaining the same next year as this year.

There just is no credible public policy argument in favour of state ownership of a TAB.

Yes we must work together to sort out the GST sharing arrangements. Not just for WA but for Australia.

But the WA Government must also show that it is serious about reform in our own backyard.

http://www.perthnow.com.au/news/opi...nd-must-be-fixed/story-fnhocuug-1227299769181

 

[Tisme]

Here you go tisme, the Abbott Government put fiscal pressure on people to vacinate their kids, do they get credit?

Hell no.

It was the Daily telegraph that did it.

http://www.dailytelegraph.com.au/ne...r-no-jab-reforms/story-fnpn118l-1227300073570

It's a shame the press only applaud Government initiatives, that coincide with theirs.

Do you think the press has much influence on what is becoming a very perfunctory readership? Sure there are Nocos out here who hang off every word that suits their predetermined argument, but from what I observe social media is the news source of the hip and happenings and old fossils like me who have given up hoping for fair and unbiased reporting in print. Remaining print media is by and large a political propaganda machine for its owner's and editor's stable mates, as far as I can see.

We know the govt has introduced laws to ping the imbeciles who play roulette with their kids, but there is an underlying niggle that the Abbott govt has to be dragged kicking and screaming into the social welfare Bora ring, lest it be seen as some kind of traitor to its puzzling and hotchpotch (Liberal?) dogma.

 

[noco]

27% Tony????....Not any more.....Tony is now right on the heels of BS Billy.





http://www.couriermail.com.au/news/...seven-month-high/story-fnihsrk2-1227301753372

 

[Knobby22]

It's funny , the same poll in the Age led to completely different headlines. 2PP preferred vote for the Libs has fallen again and if an election had been held the votes would have been 54% Labor, 46% Coalition.

This poll really doesn't matter in my view. The new budget will make or break Abbott and Hockey. Hope its a good one for the country's sake. We shall see.

 

[noco]

It's funny , the same poll in the Age led to completely different headlines. 2PP preferred vote for the Libs has fallen again and if an election had been held the votes would have been 54% Labor, 46% Coalition.

This poll really doesn't matter in my view. The new budget will make or break Abbott and Hockey. Hope its a good one for the country's sake. We shall see.

Wake up Knobby!!!......The AGE is LABOR biased rag....very unreliable.

 

[sydboy007]

I see China are going to prop up their uneconomical iron ore miners.

https://au.news.yahoo.com/thewest/business/a/27027955/china-to-prop-up-its-domestic-miners/

I certainly hope the FIRB, is instructed to block any attempt by Chinese companies, from buying our struggling iron ore juniors.
China ramps up demand, then when production is increased, wind back demand to send companies broke. Twiggy Forrest is right about us reducinging supply, to meet the market. Opec have been doing it for years, and that was o.k.

Do you disagree with the WA Govt propping up the mining juniors?

Hasn't twiggy tripled his production recently?

What about Gina and Roy Hill? Not in production yet. Should the mine be mothballed before increasing the over supply?

Now the WA Govt is crying poor, even after receiving something like an extra $7B in GST payments over the last 4 years.

Then we had the previous Liberal QLD Govt throwing hundreds of millions ot building new high cost coal mine to supply what the Govt is claiming will be the new major coal importer now that China has started to cut back on the coal use. Why would you throw tax payer money at a project that needs prices to double just to try and break even?

Then we've got the internet tax, a policy already neutered

http://www.cnet.com/au/news/vpn-use-increases-in-australia-amid-data-retention-and-piracy-concerns/

"As of early March, subscriptions went through the roof," he said. "We observed a 500 percent rise in subscriptions from Australia. Traffic and sales from the Australian region has surpassed even the United States!"

Speaking to TorrentFreak, Ben Van der Pelt of TorGuard said his company's VPN service had proven popular with Australians, with subscriptions from this country now accounting for half of the company's total business.

"Over the past week TorGuard has seen a massive jump in Australian subscribers," said Van der Pelt. "Traffic from this region is currently up over 150% and recent trends indicate that the upsurge is here to stay."

Great to see the economic rationalists moving us in the right direction /sarc

 

[sydboy007]

Wake up Knobby!!!......The AGE is LABOR biased rag....very unreliable.

Yet you think The Australian has no bias at all?

 

[noco]

Yet you think The Australian has no bias at all?

Do you think the ABC has no bias??????????????????....The ABC is the left wing socialist propaganda machine.

 

[Tisme]

One for the WEST Australians :

http://www.afr.com/opinion/columnists/weve-boundless-plains-to-share--cept-with-wa-20150412-1mi1l4

On the other hand Exasperated eastern states leave in a huff, leaving Western Australia to stew in its own rotten wealth.
by Rowan Dean
In a shock move that is set to rock the Australian federation to its core, a group of leading political and business figures from Melbourne, Sydney, Brisbane, Hobart and Adelaide today called for the Eastern states of Australia to finally secede from WA.

"We've had it up to here with those pesky West Australians," said a spokesperson. "They think they run the whole show, they never give a damn about us all the way over here and on top of which, they're a bloody drain on our economic wellbeing. It's time we cut ourselves free. Imagine what a prosperous, wealthy, independent place the East would be without having to put up with all those troublesome Westerners draining our natural resources – the GST in particular."

The Eastern secessionist group points to the unfair balance between the prosperous East and the near-bankrupt West. "Everybody over in the West is either a bankrupt iron ore magnate or a bankrupt Perth real estate agent or a bankrupt second-hand Maserati dealer. It's a disgrace. Why should we carry on supporting that lot?"

Experts have long pointed out that through a lucky quirk of geography, the Eastern states of Australia happen to contain all the natural wealth-creating assets of the federation, such as politicians, public servants, economists, think tanks, lobby groups, government grants and the like. Meanwhile, the West is forced to scratch around in the dirt trying to make a squalid living out of near-worthless rocks, minerals, gases, liquids, sheep, cattle, fruit, vegetables, cotton, wheat, seafood, oysters, wineries, pearls, diamonds, gold, uranium and so on.



"Clearly, the wealth of the nation resides entirely in the East," said an economist speaking from an eco-latte café in Sydney's prosperous inner suburbs. "If we didn't have to waste our precious taxes propping up all those farmers and miners from WA, there would be much more government cash we could keep for ourselves. On top of which, the East is where all the critical infrastructure projects take place, such as new bike lanes through the Sydney CBD and that tunnel thing in Melbourne, which we're proudly investing nearly a billion dollars in not building. There's plenty of stuff we can waste our money on over here without wasting it over there as well."

However, others believe that any attempt by the East to "go it alone" is doomed to fail. "The cultural heart of Australia is over in the West," said one proponent of keeping the federation intact. "That's where Van Diemen nailed his first plate. That's where Alan Bond painted his first sign. That's where Rolf Harris wiggled his first wobble board. That's where Brian Burke filled in his first travel expense form. That's where Gina Rinehart first sat on her daddy's knee. The list goes on and on. Australia wouldn't be the nation it is today without that rich cultural heritage keeping us all togethe

 

[IFocus]

One for the WEST Australians :

http://www.afr.com/opinion/columnists/weve-boundless-plains-to-share--cept-with-wa-20150412-1mi1l4

Barnett is in trouble over here in the West and debt is running out of control after the previous Labor governments handed over a sold surplus the GST is just a side show.

I actually think Barnett has done a pretty fair job of running the state particularly given the other Liberal sitting members are complete boneheads.

 

[drsmith]

Barnett is in trouble over here in the West and debt is running out of control after the previous Labor governments handed over a sold surplus the GST is just a side show.

I actually think Barnett has done a pretty fair job of running the state particularly given the other Liberal sitting members are complete boneheads.

A former Labor person on ABC local radio a little while ago commented that regardless of what people thought of Colin Barnett, the collective IQ of the WA parliament will be halved when he goes.

The concept of horizontal fiscal equalisation in a national context is fundamentally sound however Colin Barnett is right is saying that the present system is flawed. The first and most immediate problem is the lag in the grants process that results in differences in real and averaged commodity prices that the GST distribution ratio's are based on.

It's right for the other states to share in the mineral wealth of the nation but this lag presently artificially smooths the budget impact of the lesser resource intensive states and enhances it for the more resource intensive states such as Western Australia. Overall, this has a net negative effect on sound fiscal management throughout all states. Presently, the states who benefit from WA's GST share have in effect an artificial gain to their budget bottom lines as WA did in the years of rising commodity prices. That though will change as we have seen so dramatically in WA will change.

In short, averaging should be reconsidered and all states should share in the real volatility that comes with commodity prices and manage their budgets accordingly.

The second problem is in fundamental conflict with horizontal fiscal equalisation and thus harder to solve. it fundamentally has a negative impact on incentive to invest in natural resources. Tasmania is cited in this context but in terms of GST distribution, the NT is getting a whopping return of over $5 for every GST dollar raised there. Given that, the quality of their parliamentarians is perhaps no surprise. They don't have to encourage mining. The money just keeps rolling in and their carry-on comedy continues.

Individual states need incentives to invest so perhaps to that end, there should also be a floor and a ceiling with individual state/territory GST distribution ratios to better satisfy that objective.

 

[banco]

Averaging helped WA when the mining boom was in its early stages. Swings and roundabouts.

It's been most amusing to see Barnett touring Australia like an aging hooker looking for one last payday. There are going to be a lot of cheap second hand jetskis for sale in WA as the cashed up bogans aren't so cashed up anymore.

 

[SirRumpole]

I don't understand the formula used, but I would have thought that it should aim for a equitable per capita amount of the total GST raised to go to each state.

 

[SirRumpole]

Averaging helped WA when the mining boom was in its early stages. Swings and roundabouts.

It's been most amusing to see Barnett touring Australia like an aging hooker looking for one last payday. There are going to be a lot of cheap second hand jetskis for sale in WA as the cashed up bogans aren't so cashed up anymore.

States like WA should have stashed something away for a rainy day while they could. Iron ore prices are cyclical, like the stock market. Don't spend all your winnings at once.