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OT: Current Affairs and Politics

Discussion in 'Parramatta Eels' started by Gronk, Dec 10, 2018.

  1. Bandwagon

    Bandwagon Moderator Staff Member

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    Some seem to have no f**king idea, and that isn't surprising when you think about it. Doing what ever they did before politics isn't always gonna prepare you to run an economy.

    The big issue is always the politics, I mean there is some dumb as f**k shit presented to us as arguments, because they figure it washes . And it does wash because most people don't really care enough about it to take the time to be actually informed about how this shit is supposed to work.
     
  2. Bandwagon

    Bandwagon Moderator Staff Member

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    Why do you like a surplus?

    I mean the literal definition of a surplus is that the government taxes more money than it spends. Which means that in any given year it takes more money from taxpayers than it actually needs.

    How is this a good thing?
     
  3. Gary Gutful

    Gary Gutful Immortal

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    Because they are saving for a rainy day?
     
  4. Twizzle

    Twizzle Administrator Staff Member

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    Its the Liberal way, they are obsessed with surplus
     
  5. Bandwagon

    Bandwagon Moderator Staff Member

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    Well I'm f**king dying here waiting for it to just damn rain.
     
  6. Bandwagon

    Bandwagon Moderator Staff Member

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    Only because they have managed to convince so many that it is the measure of good economic management.
     
  7. Gary Gutful

    Gary Gutful Immortal

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    I seem to recall Rudd, Swan, Gillard and Bowen promising a surplus on more than one occasion. They could be accused of being obsessed as well given the number of times it came up during that period.
     
  8. Gary Gutful

    Gary Gutful Immortal

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    Patience grass hopper. When it rains it will be f**ken amazing!
     
  9. Bandwagon

    Bandwagon Moderator Staff Member

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    When the rain pours across the rice paper, without leaving a trace, only then will I be ready for surplus.
     
  10. Poupou Escobar

    Poupou Escobar Post Whore

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    I assume he means having more cash than debt.
     
  11. Bandwagon

    Bandwagon Moderator Staff Member

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    This is because they were too f**kin' weak to offer a counter to the narrative.

    Keating managed to sell " the recession we had to have ". Because he wasn't an economic pissant.
     
  12. Twizzle

    Twizzle Administrator Staff Member

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    I wouldn't say they were obsessed, they just wanted to be one of the cool guys too
     
  13. Bandwagon

    Bandwagon Moderator Staff Member

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    That's not a surplus.

    Besides, surpluses merely serve to transfer debt from public to private hands, else wise you have no growth.
     
  14. Gary Gutful

    Gary Gutful Immortal

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    Absolute pissants.
     
  15. Poupou Escobar

    Poupou Escobar Post Whore

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    Maybe not but the fact is not all debt fuels investment. Often it's just about buying votes, and the main beneficiaries are happily spreading the costs to others.
    Private debt is more ethical than public debt, which my kids will have to help service.
     
  16. Gary Gutful

    Gary Gutful Immortal

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  17. Bandwagon

    Bandwagon Moderator Staff Member

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    That's an argument for good vs bad debt. However it's unquestionable that all debt fuels economic activity,

    Firstly, that's simply not true, provided the economy expands debt retires it's self proportionally due to the changing value money .

    Secondly, Why is it better for your kids for you to have more debt , and the government to have less, all because it taxed you more than it needed to? How is this more "ethical"?
     
  18. Hollywood Jesus

    Hollywood Jesus Coach

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    Well, at present, that comes later, Gary.

    Right now, we can pay down our debt. Reduce our interest payments. Give us more scope to borrow in the future if needed (or if, as we've touched on, we find a good idea that we need money for). And maybe we can put a little aside for the future, yeah.

    Is it the be-all-and-end-all? No. But should we be trying to do it? Absolutely.

    And so, right now, I think there are other levers we can try to pull before acquiring more debt (already discussed) but I'm ok with borrowing if we can come up with good ideas that provide a good return (already discussed).
     
  19. Twizzle

    Twizzle Administrator Staff Member

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    I think we need to exclude the worlds greatest treasurer, he was also a bit obsessive when it came to surplus, the others just toed the party line for mine

    I dont think they cared so much but had to be seen to be cool with the idea of surplus
     
  20. strider

    strider Post Whore

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    Didnt alot of people claim we were in a good position to handle the GFC compared to other countries because of previous years of surpluses? .... or was that just the same merkins who bang on about surpluses?
     

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