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The Abbott Government

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


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
 

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.
 
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.
 

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!"


Great to see the economic rationalists moving us in the right direction /sarc
 
One for the WEST Australians :

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

 
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.
 
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.
 
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.
 

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.
 
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