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$900.00
:bier:
blue
:bier:
blue
What do you want from next weeks budget?
- Thread starter son of baglimit
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1) I want the heart palpatations to go away when I think about the size of the deficit and what the govmint will try and take from us that belong to Garpals club.
2) Wayne Swan to have an aneurysm on live television
3) Kevin Rudd to run to his rescue, trip and drive a sharp pencil into his shriveled black heart (That'll kill a vampire right?)
4) The rest of the labour party to rush to their dark masters aide, whereupon Hugh Jackman pulls aside the curtains and we see some some expensive special effects as they burst into flame and small charred bits.
5) Elvis Presley to make the mother of all comebacks (he was the king)
That was fun.
Cheers
Sir O
2) Wayne Swan to have an aneurysm on live television
3) Kevin Rudd to run to his rescue, trip and drive a sharp pencil into his shriveled black heart (That'll kill a vampire right?)
4) The rest of the labour party to rush to their dark masters aide, whereupon Hugh Jackman pulls aside the curtains and we see some some expensive special effects as they burst into flame and small charred bits.
5) Elvis Presley to make the mother of all comebacks (he was the king)
That was fun.
Cheers
Sir O
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hahh that alone will save billion of dollars!
The biggest problem with the current budget is that the government still underestimate the severity of the GFC and is probably projecting a recovery in 2010 and an unemployment rate of no more than 8.5%.
That's unrealistic and could well mean the current budget to go deeper into the hole than anticipated.
Of course, Robin Rudd can easily blame it on the GFC and that no one had forecast the great depression and therefore, could not have planned beforehand. Total BS.
I'd like to see some honesty with the Australian public. Rudd should get on the TV and explain the business cycle in terms people can understand by relating it to household finances - save money in the good times, tighten our belts in the lean times, keep debt low so you don't waste money on interest payments, etc. Educate people about the realities we face and they'll be more receptive to financially responsible policies since they'll be able to see the better future outcome.
Unfortunately politicians don't make it to the top with their ethics intact - assuming they had any to begin with.
Unfortunately politicians don't make it to the top with their ethics intact - assuming they had any to begin with.
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clearly you overestimate the brain power of the average moron, sorry citizen.
way too many cant control their own finances EVER, and aint gonna have the ability to compare it to business/economy.
this isnt necesarily welfare recipients either - the last 2 years has proved its traders/investors/the gullible/anyone who lacks any visionary genes.
You could be correct, but I think it's more to do with lack of education rather than lack of ability. Kids growing up in our 'have it now, pay later' society don't have much chance unless someone teaches them about basic financial management together with the evils of advertising.
One of our kids sees a catalogue and says "they're trying to steal our money". The other one is still sucked in by adverts though - she might have to make do with 10% of the inheritance
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theres nothing wrong with 'have it now, pay later', but only if the have is potentially within 'pay now' but simple household cashflow doesnt allow it.
its when they want the best plasma, the best car, the best whatever, to then simply show off to the jones' that they get into strife.
anyway back on budget topic...........
the threshold of $150k per individual or per family is going to be a key to so much - all good to simplify the system, but theres plenty of jones' who aint gonna like it.
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Excellent post Lookout.
There is plenty of slime in the Parliaments and on both sides.
Noticed that both Labor and Tories in Britain have been lining their pockets with taxpayers dollars recently. Maybe a cut to pollie handouts would be appropriate in the current climate.
Notice that a Tory in Britain claimed his swimming pool expenses on the public purse.
http://www.timesonline.co.uk/tol/news/politics/article6270427.ece
I wonder if likes of Swan & Co own swimming pools and make claims for them?
prawn_86
Mod: Call me Dendrobranchiata
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You could be correct, but I think it's more to do with lack of education rather than lack of ability. Kids growing up in our 'have it now, pay later' society don't have much chance unless someone teaches them about basic financial management together with the evils of advertising.
One of our kids sees a catalogue and says "they're trying to steal our money". The other one is still sucked in by adverts though - she might have to make do with 10% of the inheritance
Im actually considering doing an Honours thesis based on something simliar to this.
Know anybody or any firms that might be interested in giving a scholarship for it...?
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I,d like to see tax cuts for all religeous cults and free v8 cars for all bogans
well, and here I was considering going back into the workforce...(psst thats what we BB's will do if required) the job pays over 250k pa...the govt considers that wealthy...welll I have news for them...anyway I can go part time and not get hit with all the extra taxes....
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ABCT causes malinvestment. It distorts the market signals, as only government intervention can do. Those not in the know are affected by it. Those who thought the boom would last, expanded - NOW it's BACK to reality.
Most people out there are "dumb" because they've believe the bull**** they've been fed whilst they were at Uni, listening to envious, "intellectual" dead heads, who have no idea about the real world.
Austrian Economics... saw the bubble being blown, told everyone before it did - that it was going to pop.
The rest of the schools of thought, once again - wrong.
If you want to keep your money safe. To make the right decisions, to be able to predict the future... Mises.org is all I've gotta say.
No surprises we didn't get any of the well suggested points you made...
I was reading this with interest, in relation to your point #1
http://www.economist.com/world/unitedstates/displaystory.cfm?story_id=13331109
The fault for that lies in the voting public, they have the ultimate say. If we keep voting for dreck, dreck is all we will get. The first step (assuming no one is keen on insurrection) is to stop voting the bast_ards back in
We really do get the Government we deserve.