The Gillard Government

[Ves]

Thanks for all the links guys - I am still unclear on whether the Howard Government had more revenue / receipts (depending on what they count in the budget) compared to what Gillard / Rudd Governments have had since.

I guess it just goes to show, both sides will give you the information that will best represent what they want you to see.

The fact that Hockey is also backing down on all talk of surplus seems to indicate that there are structural problems appearing in our economy that were so far hidden by the mining boom.

 

[sails]

Thanks for all the links guys - I am still unclear on whether the Howard Government had more revenue / receipts (depending on what they count in the budget) compared to what Gillard / Rudd Governments have had since.

I guess it just goes to show, both sides will give you the information that will best represent what they want you to see.

The fact that Hockey is also backing down on all talk of surplus seems to indicate that there are structural problems appearing in our economy that were so far hidden by the mining boom.

Vespuria, the link I provided was from the government web site and it lists the receipts going back many years. I would think that to be reliable and it shows a steady increase in those receipts.

I understand that the NBN has not been included in payments - why would they do that?

 

[Julia]

I guess it just goes to show, both sides will give you the information that will best represent what they want you to see.

Too true.

The fact that Hockey is also backing down on all talk of surplus seems to indicate that there are structural problems appearing in our economy that were so far hidden by the mining boom.

Good to know Mr Hockey is learning from Labor's humiliation and not leaving the Coalition open to the same silly fixation.

 

[dutchie]

 

[Sean K]

I understand that the NBN has not been included in payments - why would they do that?

How is this one going by the way? Anyone know? Last I heard the rollout and take-up have been pretty average. Another white elephant?

 

[explod]

How is this one going by the way? Anyone know? Last I heard the rollout and take-up have been pretty average. Another white elephant?

Agree, less people by the day want to be tied to a landline.

Today you can trade and annoy everyone from your mobile phone.

 

[Ves]

Vespuria, the link I provided was from the government web site and it lists the receipts going back many years. I would think that to be reliable and it shows a steady increase in those receipts.

I understand that the NBN has not been included in payments - why would they do that?

I think this is what I mean, I did see your link and it has plenty of information. But what makes up the "receipts"? Is it the same as the budget? It appears to be but the page itself does not offer much in the way of explanation!

 

[bellenuit]

I understand that the NBN has not been included in payments - why would they do that?

They are able to exclude NBN costs from expenditure as it is treated as a self financing project. The debt instruments that they have issued (Bonds?) to pay for the ongoing expenditure will be repaid by receipts from subscribers to the network. I am not sure the exact term for this type of off-ledger financing, but I'm sure NBNMyths will help out there.

Although not including the cost of the NBN in the budget is supposed to be no different to how other countries handle similar projects, it does prevent transparency and could hide cost overruns to a point in time that they have to admit that subscriptions are unable to compensate. A bit like the sudden surprise that seemingly hit Swan yesterday, but was obvious to almost everyone else.

 

[dutchie]

Hey Goose, this is where it went..

Jolly Green Giant Award

To the federal government, which poured $42 million into its Green Car Plan. The result was a green four-cylinder Ford Falcon which the NSW government refused to buy because it did not meet their environmental guidelines. The federal government bought just two.

(From Pierpont at AFR)

 

[sails]

Has Swanny lied or didn't he know his numbers? Tax revenue is up 9.2% - see below:

THE Labor government is yet to show it can rein in spending, with each of its five budgets packed with high-cost initiatives and consuming a much larger share of the economy than the last five Howard government budgets.

Wayne Swan has blamed the failure to reach surplus this year on the shortfall in tax revenue, but figures for the first four months of this financial year show total receipts are 9.2 per cent ahead of last year.

http://www.theaustralian.com.au/nat...-rising-revenues/story-fn59niix-1226542121468

 

[bellenuit]

Has Swanny lied or didn't he know his numbers? Tax revenue is up 9.2% - see below:



http://www.theaustralian.com.au/nat...-rising-revenues/story-fn59niix-1226542121468

Yes, the shortfall is against his unrealistic projections, not on year on year receipts.

 

[explod]

Yes, the shortfall is against his unrealistic projections, not on year on year receipts.

Which are probably influenced by the ramping up of the press, ie, Doc Oliver, Craige James, Glenn Stevens and of course the wealthy guru's of the mining industry not to mention Wall Street etc., so who is to blame?

Just about everyone that thinks he is anyone is on the ponzie gravy train.

 

[Julia]

Which are probably influenced by the ramping up of the press, ie, Doc Oliver, Craige James, Glenn Stevens and of course the wealthy guru's of the mining industry not to mention Wall Street etc., so who is to blame?

Just about everyone that thinks he is anyone is on the ponzie gravy train.

Um, explod, it's Mr Swan who has been doing the ramping up of the economy, persistently telling us that it's in wonderful shape, and a surplus is a certainty. The RBA clearly has not agreed with him, given their multiple cuts to rates in an attempt to counteract the contracting economy and fiscal policy.

 

[bellenuit]

Which are probably influenced by the ramping up of the press, ie, Doc Oliver, Craige James, Glenn Stevens and of course the wealthy guru's of the mining industry not to mention Wall Street etc., so who is to blame?

Just about everyone that thinks he is anyone is on the ponzie gravy train.

Every time anyone tried to give a realistic assessment of the economy, Swan was out there accusing them of talking down the economy. The unrealistic expectations are 100% Swan's dreaming and no one else is to blame.

 

[explod]

Every time anyone tried to give a realistic assessment of the economy, Swan was out there accusing them of talking down the economy. The unrealistic expectations are 100% Swan's dreaming and no one else is to blame.

So you believe those commentators give a realistic view, come on, they would be out of a job in a flash.

 

[noco]

Swan is a compulsive liar just like his boss Gillard.

They both have a long history of not being able to tell the truith and that has been witnessd time and time again.

The majority of voters have woken up to them a long time ago but they still persist in living up to their reputations of giving false information. They will tell the people of Australia what they want to hear but it is in most cases far from the truth..

 

[sptrawler]

Every time anyone tried to give a realistic assessment of the economy, Swan was out there accusing them of talking down the economy. The unrealistic expectations are 100% Swan's dreaming and no one else is to blame.

Swan wouldn't know an economy if it dumped on him. Oh sorry it did.

Remember after the GFC, Swan was saying it wasn't the mining sector and the budget surplus that saved us, it was their stimulus package.
Well now how limp does that sound. Retail has been in recession for years, now mining dips and we are in it up to our armpits. What a goose.

 

[MrBurns]

Gillard running away from this is a bad look but typical of her, the public won't like it.

I'm hoping she takes a real dive in the polls, if anyone deserves it she does.

 

[Julia]

So you believe those commentators give a realistic view, come on, they would be out of a job in a flash.

What do you mean "they would be out of a job in a flash"?
Under what circumstances?

They have been offering a significantly more realistic view than has Swan, Gillard and Wong, as is absolutely obvious now that they have finally had to concede what pretty much every economist and business leader has been saying for months and months, i.e. that the fetish for a surplus was (a) irrational and (b) unachievable.

 

[Garpal Gumnut]

Every time anyone tried to give a realistic assessment of the economy, Swan was out there accusing them of talking down the economy. The unrealistic expectations are 100% Swan's dreaming and no one else is to blame.

Swan is a compulsive liar just like his boss Gillard.

They both have a long history of not being able to tell the truith and that has been witnessd time and time again.

The majority of voters have woken up to them a long time ago but they still persist in living up to their reputations of giving false information. They will tell the people of Australia what they want to hear but it is in most cases far from the truth..

+1

gg