2019 Federal Election

[84 Baby]

Can someone tell Taipan that Delboy has hacked his account

 

[Gronk]

Quite the contrary dear Watson.I took a big personal financial hit with the GFC.
Um!! Costello finished December 2007 as we know.
How would Kevin 07 have managed the GFC without the surplus Costello created?Taking into account the Pink batts stuff up, which resulted in deaths and companies going down the tube.

The funny part Graeme Richardson the old Labor stalwart(for which I have. a lot of time for) described Rudd as one of the worst PMs this country has seen.

Surpluses are a unique beast. You can get them through prudent money managing or you could be lucky to be riding the wave of a huge resources boom whilst you are selling off parts of the farm.

===============================

The truth about Howard's 'inherited debt'

Much has been written about the Howard government “inheriting” $96 billion debt from Labor in 1996.

By 2007, Australia had net financial assets of $29 billion. This is a significant turnaround, but if we analyse government debt in the last 30 years, some interesting facts emerge.

Recall from a previous discussion that just under half of the debt was in fact Liberal Party debt that was a hangover from the Fraser era under the Treasury-ship of John Howard.

Asset sales loom large in analysing government debt, which I have summarised as follows : $96billion “Labor debt”, comprised of $40 billion carried over from the Fraser government through the Hawke/Keating period, meaning that the true level of Labor debt was $56billion. To pay that off, the Howard Government sold almost $72billion of Government assets (Telstra, DASFLEET, etc), meaning that the move to negative net debt was not really due to any miraculous and bold fiscal settings, but owed everything to a series of asset sales.

Peter Costello will be remembered for selling two-thirds of Australia’s gold reserves for the rock-bottom price of $US306 per ounce (Today, gold is about $US1590 per ounce).

The International Monetary Fund (IMF) examined 200 years of government financial records across 55 leading economies.

The study found Australia’s most wasteful spending took place under the Howard-led Coalition rather than under Whitlam, Rudd or Gillard Labor governments.

The IMF identifies two periods of Australian “fiscal profligacy”, both during John Howard’s term in office – in 2003, at the start of the mining boom, and during his final years in office between 2005 and 2007.

According to Tony Abbott, these were the “Howard golden years”. Mr Abbott recently said “prudent fiscal management is in the Coalition’s DNA”. The facts suggest otherwise.

https://www.illawarramercury.com.au/story/1359493/the-truth-about-howards-inherited-debt/

 

[SDM]

Can someone tell Taipan that Delboy has hacked his account

Delboy used to hand out how to vote cards for the Greens, but he overheard his wife listening to 2GB and was instantly brainwashed. True story.

 

[SDM]

Nothing wrong with deficits or mortgages.I actually have one.
It's the ability to repay when the sh*t hits the fan.

You should privatise your house, then rent it back off the person you sold it too, your household will be in surplus for a decade, then after that you can live in a tent. LNP superior money management 101.

 

[Gronk]

Ping @taipan . If surpluses are your thing, then this should give you a full woody.

 

[taipan]

he past voting and links to GetUp! and Turnbull2 is just scaremongering from the LNP playbook. There is no substance to what you say.



I think we all share your dreams. I too want my children to have a career, but not to be burdened by $100k degrees. Clean environment won't happen whilst the LNP support coal and are chock full of climate change deniers, secure borders - both parties are basically on the same page and with debt I think you are being overly obsessed with the need to have a surplus. The LNP have increased the debt as has Trump in the USA. I think that the days of conservative governments claiming the "good money managers" title have long gone.

AU Debt to GDP

USA Debt to GDP

Then we are to assume there will be no Get Up people which have been well sighted there ,not handing out recommendations on Election Daynot to voted for abbott bit give Segall a gk then.

If I could be sure that what we foo here in this country

You should privatise your house, then rent it back off the person you sold it too, your household will be in surplus for a decade, then after that you can live in a tent. LNP superior money management 101.

 

[Kornstar]

Donkey votes are dumb. In the 2016 election 5% of merkins drew a knob on their papers, or at least purposely rendered their votes informal.

In the days of hung parliaments with the two major parties struggling to form governments, your vote is far more crucial that you think.

At the very least, you should lodge a protest vote and put your local fringe do-gooder first rather than the mad merkins like labour liberal one nation greens or palmer. At least your protest vote will flow through in preferences.

We are lucky that we have a vibrant democracy. Please don’t thumb your nose at it.

I have zero interest in anything any politician has to say UNLESS they are going to tax me significantly less, remove tolls completely, mandate the Eels win a premiership in the next term of government, remove a large percentage of the tax on petrol........essentially all things that are just not going to happen or be possible or even logical.

No-one will make my life worse than Labor to be honest, they are trying to tax me out of existence to pay for poor people who decide to have too many kids and then whinge that the government isn't doing enough for them.......

Unions are necessary still in many industries.

I haven't belonged to one for over a decade, it is irrelevant in my workplace and I have the ability to look after myself at present. But many people in many industries do not. Everything that is taken for granted by workers was won by the unions, and the more we shift away from them, the more screwed the lowest paid workers will get, until they all decide f**k it, i'm better off on welfare.

The concept of the union of course is great, but they aren't interested in the employees they represent they are interested in their own pockets and feeling superior. The idea of them keeps the employers honest but in general they are no different than player managers........

Bankers are worse

Quite possibly, although apart from paying a ridiculous mortgage and the interest they get from me, banks haven't really done much to me.

One of them did try and fleece me for $1,000 a month (my wife and i combined) for life insurance at $1,000,000 pay out if either of us were to die.

When i told him that it was ludicrous and i was quite happy to just get whatever my wife's super paid me in the unfortunate event of her death and that if i died she could quite happily live on what my super pays out, my super and say another $300,000 he told me that my super company wouldn't pay anything and that is not how it worked. He basically lied........and i called him out and he didn't like it and got quite aggressive!

I would imagine he was probably in some report in the recent inquest cause he was dodgy as f**k and i imagine he got less intelligent people to sign up for life insurance at prices well above what they could afford.......

 

[taipan]

You should privatise your house, then rent it back off the person you sold it too, your household will be in surplus for a decade, then after that you can live in a tent. LNP superior money management 101.

Well as one who originally lived in an old 1 bedroom unit with my wife ,using ones income only to pay the rent, the other to live and try to save, and who was in a union(Bank officers) and not being in a position to own a car, I guess I came as close to tent living as one wants to be.
Remembering the" recession we had to have".

So when I'd saved enough deposit I took out one of those dreaded mortgages, and reduced a fair swag after years of effort, it was through no help from any Govt.Maybe it's my superior money management, not labor not Libs and certainly not the Greens.

 

[SDM]

Well as one who originally lived in an old 1 bedroom unit with my wife ,using ones income only to pay the rent, the other to live and try to save, and who was in a union(Bank officers) and not being in a position to own a car, I guess I came as close to tent living as one wants to be.
Remembering the" recession we had to have".

So when I'd saved enough deposit I took out one of those dreaded mortgages, and reduced a fair swag after years of effort, it was through no help from any Govt.Maybe it's my superior money management, not labor not Libs and certainly not the Greens.

That is exactly my point, now you have done all the hard work it is time to cash in the asset and bask in the glory of your personal surplus.

 

[Gronk]

Then we are to assume there will be no Get Up people which have been well sighted there ,not handing out recommendations on Election Daynot to voted for abbott bit give Segall a gk then.

If I could be sure that what we foo here in this country

Getup! certainly are targeting Tony Abbott, however their anecdotal support for Steggall is because she is the preferred candidate by punters. If the Labor or even the Sex Party candidate was polling well, they would be backing him/her.

GetUp! are no different to the Advance Australia mob. Funded from unknown sources with aims to push either a left of centre agenda or one from the conservatives. Only fools would believe that Getup! want Steggall to win. Moreso, they just want Abbott to lose.

You will note that Captain Getup! was a creation of Advance Australia mob. However it was so embarrassing for everyone concerned that the LNP are not even promoting him.

 

[Obscene Assassin]

No they aren't brilliant, neither are the other mob.

The last labor government had us as the best performing economy amongst OECD nations, and let's not forget they were in power when the GFC hit, we were one of the least affected across developed nations. Labor generally are the better economic managers.

 

[Gronk]

I have zero interest in anything any politician has to say UNLESS they are going to tax me significantly less, remove tolls completely, mandate the Eels win a premiership in the next term of government, remove a large percentage of the tax on petrol........essentially all things that are just not going to happen or be possible or even logical.

No-one will make my life worse than Labor to be honest, they are trying to tax me out of existence to pay for poor people who decide to have too many kids and then whinge that the government isn't doing enough for them.......

Interested to know why you think this. Below are the two parties tax packages explained.

https://www.abc.net.au/news/2019-04-05/tax-plans-compared-as-federal-election-looms/10973968

 

[Kornstar]

Interested to know why you think this. Below are the two parties tax packages explained.

https://www.abc.net.au/news/2019-04-05/tax-plans-compared-as-federal-election-looms/10973968

I read that and the current budget has me saving like $11,000 in tax in the future.......i am confident that i will get maybe a couple of hundred out of Labor maybe in 25 onwards.......

Maybe i'm missing something? Labor committed to nothing and i know they hate people who earn money........except themselves of course but they find ways around that no doubt.

 

[Eelogical]

And this is the biggest problem in this country and at this election.
I've NEVER known a worse lot of politicians in my life time. It doesn't matter who gets in. They are all as bad as each other, and nothing will change. The country will just plod along, so as long as whoever gets elected gets to have a job for the next 3 years.
I'm so f**king sick of politicians.
I'll be signing my name off at the polling booth, folding up the papers I'm given, and walking straight over to the box and slotting them in.
I simply have no faith in either leader or their party to run our country for the better of the country rather than themselves, so I will not vote for anyone.
I cannot believe that politics in this country has stooped so low.

I hope you reconsider, mate. You have the ability to have your say, not everybody is as fortunate. Make your vote count, especially below the line.

 

[hindy111]

The last labor government had us as the best performing economy amongst OECD nations, and let's not forget they were in power when the GFC hit, we were one of the least affected across developed nations. Labor generally are the better economic managers.

I was always taught that its good to have labor for 8yrs then liberal for 8yrs as it balamces it all out.

 

[hindy111]

I hope you reconsider, mate. You have the ability to have your say, not everybody is as fortunate. Make your vote count, especially below the line.

What is your opinion on people voting who have no interest in politics and just randomly tick whatever. There vote counts. I reckona fair high percentage of people wouldn't know too much depth about either party

 

[Chipmunk]

I get that. However this is the same argument that climate change agnostics make: Australia’s action on climate change will have no effect on world temperatures, so we might as well not bother.

View attachment 29637

Well that is a valid argument.

 

[Gronk]

I read that and the current budget has me saving like $11,000 in tax in the future.......i am confident that i will get maybe a couple of hundred out of Labor maybe in 25 onwards.......

Maybe i'm missing something? Labor committed to nothing and i know they hate people who earn money........except themselves of course but they find ways around that no doubt.

Well mate you must be on $250k in 2025, so more power to you.

Labor pretty much matched the LNP tax except for "... Labor is planning to reintroduce the temporary deficit reduction levy, which increases the top tax rate for those earning above $180,000 by 2 percentage points." That's single income, not household income.

 

[Chipmunk]

Just on Donkey votes, at least please vote below the line in the senate. If we all voted below the line, idiots like Fraser Anning were less likely to be elected through preferences. IIRC he has a 6 year gig based on 17 raw votes.

Anning was on the One Nation ticket, so after One Nation got a quota, the extra votes go to the next one down the line.

The third person elected in any particular State on the Liberal/National or Labor ticket I'm guessing also got 17 personal votes and also essentially gets a 6 year gig on 17 votes.

 

[Eelogical]

What is your opinion on people voting who have no interest in politics and just randomly tick whatever. There vote counts. I reckona fair high percentage of people wouldn't know too much depth about either party

To be fair, I think people are far more informed on politics these days than they were in the past. TV and radio were the primary source of information years ago but with the advent of social media and forums to the mix, only an idiot wouldn't be able to make an informed decision on who to vote for. As far as people making random decisions or donkey votes is concerned, they're not using their ability to vote wisely.