Australian (ASX) Stock Market Forum

The Abbott Government

EXACTLY yet these muppets in parliament worry only about how they can undermine the opponent.

The Australian Parliament is a highly dysfunctional entity filled with highly dysfunctional people voted in by a highly dysfunctional electorate living in a highly dysfunctional country. Sorry it's the truth about us.

If we one day decide to change things for the better we can. It's upto us.

This is a world problem, not just Australia.

New parliament members come into Canberra thinking - "how can I make a difference". A week later having been indoctrinated into the system they are now thinking what everyone else is thinking - "what do I have to do to get re-elected".
 
Private enterprise did not fund the Snowy Mountains Scheme and will not fund major infrastructure in this country because it's too much of a risk for them.

Someone in government has to have the foresight to do nation building with infrastructure, and find the finance for it.

The Brits made sure a large part of the project materials were manufactured in their own backyards too.
 
This is a world problem, not just Australia.

New parliament members come into Canberra thinking - "how can I make a difference". A week later having been indoctrinated into the system they are now thinking what everyone else is thinking - "what do I have to do to get re-elected".

I think it's pretty obvious the current govt had no idea how hard it is to take charge and defend attacks that the opposition are expected to mete out.

Honeymoon or no honeymoon period, things are moving so quickly now with technology and changing social constructs, I reckon parliamentary parties need to shift their selection preferences away from lawyers and public servant types and get some savvy mercantile and techo gyrogearlooses into the mix.
 
I think it's pretty obvious the current govt had no idea how hard it is to take charge and defend attacks that the opposition are expected to mete out.

Honeymoon or no honeymoon period, things are moving so quickly now with technology and changing social constructs, I reckon parliamentary parties need to shift their selection preferences away from lawyers and public servant types and get some savvy mercantile and techo gyrogearlooses into the mix.

Good idea, Tisme,
BUT: The "savvy mercantile and techo gyrogearlooses" are much too smart to get into the mix. They can make a living from their being savvy and smart; and if our Gov'mint is too stupid and/or bogged down by their lawyer and public servant types, they take their knowledge and apply it abroad. That's called "Brain Drain" and leaves Australia worse off in the "Clever Country" races. But Jesuits and Serfs hoping for a Foreign Knighthood are still living in the Two-Class Society of past centuries, so they can't see that they're preventing Astrayans from being "young and free".
 
hey big spender
 

Attachments

  • budget.jpg
    budget.jpg
    53.1 KB · Views: 109
Social security is one area I would like to mention.

Yeah. Pensions are taking an increasing share of the budget. Super tax concessions too.

The current budget saw just about every saving spent. Child care is expensive.

When Labor lost office Govt debt was at $178B net. In just one year it went up over $61B

Pre-election Abbott told the Victorian Employers Chamber of Commerce and Industry just a year before the election that the Coalition had “identified $50 billion of savings, for an $11 billion improvement in the budget bottom line and a reduction of $30 billion in net debt”. Where are those savings now?

Abbott was telling us of the woes of paying $20M a day in interest, but things are fine now we're paying near $40M a day :confused:

A tax white paper that has most of it's potential reforms already blocked by Abbott, I wonder how he plans to get the budget under control?

With 42 weeks in office during the 2013/14 FY Hockey could only muster up the excuse it was Labor's fault. If you don't make any changes to the budget then I'd assume that means you agree with it??

Last year - The MYEFO released by the Government states that since the 2013 PEFO, policy decisions, which includes spending and revenue decisions, has had a $13.7 billion negative impact on the underlying cash balance over the forward estimates.

Fault Labor for their GFC spending if you want, but the truth is for their last 3 budgets they were very spend thrift, with 2 of them cutting spending in real terms.

Why is Abbott on such a spending spree?
 
Yeah. Pensions are taking an increasing share of the budget. Super tax concessions too.

The current budget saw just about every saving spent. Child care is expensive.

When Labor lost office Govt debt was at $178B net. In just one year it went up over $61B

Pre-election Abbott told the Victorian Employers Chamber of Commerce and Industry just a year before the election that the Coalition had “identified $50 billion of savings, for an $11 billion improvement in the budget bottom line and a reduction of $30 billion in net debt”. Where are those savings now?

Abbott was telling us of the woes of paying $20M a day in interest, but things are fine now we're paying near $40M a day :confused:

A tax white paper that has most of it's potential reforms already blocked by Abbott, I wonder how he plans to get the budget under control?

With 42 weeks in office during the 2013/14 FY Hockey could only muster up the excuse it was Labor's fault. If you don't make any changes to the budget then I'd assume that means you agree with it??

Last year - The MYEFO released by the Government states that since the 2013 PEFO, policy decisions, which includes spending and revenue decisions, has had a $13.7 billion negative impact on the underlying cash balance over the forward estimates.

Fault Labor for their GFC spending if you want, but the truth is for their last 3 budgets they were very spend thrift, with 2 of them cutting spending in real terms.

Why is Abbott on such a spending spree?

And if the Green/Labor socialists win the next election it will be Greece Mark11.:banghead::banghead:.
 
Why is Abbott on such a spending spree?

My question is "where" is the money being spent and on "what" and to "whom"? It's not on infrastructure, it's not on keeping the industrial sector humming, don't know about rural expeditures,...perhaps it's going into another public servant retirement pool future fund just like our assets did when Howard trawled for votes from the upper middle class (who are well represented by federal public servants as it turns out).
 
I have another question:

will Tony Abbott make a good Prime Minister, if and when the Liberals take over from Labor?
 
Yeah. Pensions are taking an increasing share of the budget. Super tax concessions too.

The current budget saw just about every saving spent. Child care is expensive.

When Labor lost office Govt debt was at $178B net. In just one year it went up over $61B

Pre-election Abbott told the Victorian Employers Chamber of Commerce and Industry just a year before the election that the Coalition had “identified $50 billion of savings, for an $11 billion improvement in the budget bottom line and a reduction of $30 billion in net debt”. Where are those savings now?

Abbott was telling us of the woes of paying $20M a day in interest, but things are fine now we're paying near $40M a day :confused:


A tax white paper that has most of it's potential reforms already blocked by Abbott, I wonder how he plans to get the budget under control?

With 42 weeks in office during the 2013/14 FY Hockey could only muster up the excuse it was Labor's fault. If you don't make any changes to the budget then I'd assume that means you agree with it??

Last year - The MYEFO released by the Government states that since the 2013 PEFO, policy decisions, which includes spending and revenue decisions, has had a $13.7 billion negative impact on the underlying cash balance over the forward estimates.

Fault Labor for their GFC spending if you want, but the truth is for their last 3 budgets they were very spend thrift, with 2 of them cutting spending in real terms.

Why is Abbott on such a spending spree?

Pre-Election, Abbott was telling lies about everything, just to get elected.
Post-Election, he no longer tells anything of substance; he gags his ministers, lest they tell something; and if he gets his way with the new laws - all under the pretense of "National Security" - he will gag and jail everybody else who speaks up and says anything that could expose him.

Police State, here we come.
 
And if the Green/Labor socialists win the next election it will be Greece Mark11.:banghead::banghead:.

Does that mean you agree that Abbott is basically trying to spend his way into a second term and just kicking the reform can down the road till we face our own Greek crisis?
 
Pre-Election, Abbott was telling lies about everything, just to get elected.
Post-Election, he no longer tells anything of substance; he gags his ministers, lest they tell something; and if he gets his way with the new laws - all under the pretense of "National Security" - he will gag and jail everybody else who speaks up and says anything that could expose him.

Police State, here we come.

Yes. His fully costed and 3 year rollout NBN comes to mind. Whinging about Labor not doing a CBA for infrastructure and promising all $100M+ projects would get a CBA if he was in office, only to break that promise before elected.

Infrastructure Australia has a list of projects that have potential for Govt investment. They'd offer better returns to the public and economy than the world's most expensive tunnel

http://infrastructureaustralia.gov.au/projects/files/IPL_Web_update.pdf

I'm waiting for the day Brandis demands all encryption keys or some back door for the Govt to monitor and access communications. For our protection of course. Any opposition will be painted as beign sympathetic to terry wrists and paedophiles.

google already knows your movements, and apple records it as well.

https://maps.google.com/locationhistory

fortunately neither is under the data retention laws, but one has to wonder what nasties might be in the impending TPP - one of those things the public is deemed not needing to know by Abbott. Considering how many of the potential members love to monitor their people, including the USA, could we see easy access forced on google and apple??
 
IF anyone is worried what the potential fallout is from the Chinese stock market crashing or GREXIT, fear not as our PM has set in motion ways to shield us from the impending crisis. Groceries to the rescuuueeeeeee.

http://www.pm.gov.au/media/2015-07-07/joint-doorstop-interview-sydney-0

QUESTION:

Prime Minister, how concerned are you about the problems in China and Greece, those economic problems spreading to Australia and especially the plunge in the Chinese stock prices?

PRIME MINISTER:

Michael, look, the important thing is to do whatever we can to build a strong and prosperous economy locally, and again I get back to the Grocery Code of Conduct. This is about ensuring that we have the strongest possible local businesses to supply the strongest possible local businesses. We have a great supermarket system. That rests on the shoulders of great local suppliers and this is about ensuring that we continue to have very strong local suppliers, best possible product at the best possible price so that we get the best possible deal for consumers – and if we do that we will avoid the problems that we see overseas.

QUESTION:

PM, are you concerned that the Chinese Government potentially has intervened in their stock market to try and prop it up given the losses that have been experienced over the last two weeks?

PRIME MINISTER:

Well, again, look, I’m not going to offer a running commentary on what other governments do. My business today and every day is to ensure our country is in the best possible position to deal with whatever comes. Whether it be challenges to our economic security, whether it be challenges to our national security, the job of this Government is to make our country as strong as it possibly can be and that's why the small business budget boost was so important with the instant asset write-off which has done so much to boost confidence, and that’s why today’s Grocery Code of Conduct is so important. It’s all about producing stronger local businesses and if we’ve got stronger local businesses, we’ll have a stronger economy and we'll be very well placed to deal with whatever the future throws at us.
 
I thought the adults in charge was supposed to give the consumer a bit of pep in their step?

This definitely doesn't bode well for consumption propping up economic growth going forward

FCI-Index-June2015.jpg

sample size is 26000.
 
Top