The 2013/2014 Off Season Thread

[Barry O'Speedwagon]

The US is not a valid comparison because it does what it wants and the world bends over for it. If only we had the ability to do that...

Sure, the UK might be a valid comparison but it's only 1 country.

***

There's no way in Hell I wanna be paying $30bn/year in interest on a $667bn debt while still running deficits and this is exactly what Labor left us with.

I don't give a f**k about any other country, I care about this one. I want our money being spent on sustainable services, not paying interest on an unsustainable debt.

If you've got a way to cut 10-year debt in half then go ahead and lay it out. With details, please.

If not, then take your ignorant, moronic OECD bullshit and f**k right off.

Charmed as always mate. Resort to abuse. Cool stuff (I know it's general abuse).

But, to the UK, we can easily add countries Germany, The Netherlands, Canada, Denmark.....hardly basket case or poorly run economies.

 

[Gronk]

If voters are stupid enough to turn away from one party because the other party shrieked MYSOGYNIST loud enough then they're stupid enough to be swayed back by the PPL. Looks like good politics to me.

Remember, if a politician wins an election it's because the majority of f**kwits voted for him/her. Once you can accept that you will accept why politicians have to tell lies and pander to populist sentiment.

We don't want good politics merkin, we want good policy.

 

[Barry O'Speedwagon]

What has that got to do with the budget Barry????

Stop bringing useless crap into this thread.

I thought I'd lighten things up a bit.

 

[Poupou Escobar]

We don't want good politics merkin, we want good policy.

Then blame your fellow countrymen. We get the policy we deserve.

Even more useful is to stop looking to blame anyone and worry about your little corner of the world. The world (including Australia) is ruined (and fixed) by people, not by governments. Besides whinging on the internet, what are you doing to fix it?

More to the point, if whinging is your contribution, why weren't you complaining about Labor's near decade of shitty populist policy?

 

[born an eel]

Remember, if a politician wins an election it's because the majority of f**kwits voted for him/her. Once you can accept that you will accept why politicians have to tell lies and pander to populist sentiment.

if you look at most electorates the majority actually have voted against the ultimate winner. Very few candidates receive more than 50% of initial votes.

It is than a process to work out who the majority dislike the least.

 

[born an eel]

If Labor didn't think the debt was a problem why didn't they vote to lift the debt ceiling?

 

[Gronk]

If Labor didn't think the debt was a problem why didn't they vote to lift the debt ceiling?

I think you'll find it was the irony more than anything.

You might recall the war dance that Hockey did after labor asked for an increase.

in May 2012, Hockey said, ?Australians are right to be concerned about handing Wayne Swan yet another increase in our nation?s credit card limit.? He then went on Alan Jones to argue that the government could not make claims that it was making savings if it was also increasing the debt ceiling from $250bn to $300bn. He also invoked the bogeyman of sovereign risk, telling reporters, ?speaking of sovereign risk, it is immensely disappointing that this morning the government again used the numbers in parliament to close down any debate on the increase in the debt limit to $300bn.?
Joe Hockey wasn?t alone among his Coalition colleagues in his views. Tony Abbott noted last year that: ?If the government really thinks that a surplus can be delivered, as opposed to being merely forecast, why is it proposing to add a further $50bn to the Commonwealth?s debt ceiling??
Later in the year, Joe Hockey added, ?The previous debt ceiling of $250bn was raised by Labor to $300bn in the May budget further confirming its inability to curb its debt addiction.?

http://www.theguardian.com/business...-the-right-decision-but-with-a-touch-of-irony

In any event, the greens got them to scrap it all together in the end. That would not have happened without labors backdoor support.

 

[84 Baby]

Then blame your fellow countrymen. We get the policy we deserve.

Even more useful is to stop looking to blame anyone and worry about your little corner of the world. The world (including Australia) is ruined (and fixed) by people, not by governments. Besides whinging on the internet, what are you doing to fix it?

More to the point, if whinging is your contribution, why weren't you complaining about Labor's near decade of shitty populist policy?

What's more populisting than whinging on the internet?

 

[oldmancraigy]

You're right Gronk, Labour aren't being negative for the sake of being negative, they're just being ironic.

And spending $30 billion a year in debt repayment is a much better idea than spending it on the things that people are currently whinging we're not spending it on....


I don't support debt! Whether it is considered 'low' by international standards or not - why should we have $30billion in debt repayments and run a $20billion deficit? It isn't sensible.
Maybe the pinheads could've sold it as something other than a 'debt crisis' - but I'd agree with operating towards surplus and no debt as being the 'responsible' position from a government.

 

[Barry O'Speedwagon]

Govt. Debt in itself is not a bad thing. It's what you spend it on that matters. So debt that is used to develop valuable infrastructure, for instance, can be very bloody smart strategy. The returns on the infrastructure investment can exceed the carrying cost of the debt. This investment can thus be financed without additional tax burden (this is not rocket science....why do you think corporations have debt?).

The problem of course is when you go to borrow money, and the bank manager says 'what are you going to spend the money on?' and you answer 'Friday night!'.

On that note, have a good evening fellas (even you HJ).

 

[Gronk]

You're right Gronk, Labour aren't being negative for the sake of being negative, they're just being ironic.

And spending $30 billion a year in debt repayment is a much better idea than spending it on the things that people are currently whinging we're not spending it on....


I don't support debt! Whether it is considered 'low' by international standards or not - why should we have $30billion in debt repayments and run a $20billion deficit? It isn't sensible.
Maybe the pinheads could've sold it as something other than a 'debt crisis' - but I'd agree with operating towards surplus and no debt as being the 'responsible' position from a government.

If you want to live in a country without debt, then you'll have to get used to having crappier roads, hospitals and trains. Cos we'll never be able to afford to build them without privatising everything enjoy your tolls.

Tony wants to keep selling off bits of the farm to pay for roads. No surprise really, the only reason that Howard had his surplus is because he sold off 1/3 Telstra (T3).

 

[oldmancraigy]

Yeah - selling off stuff is crap.

Being debt free is certainly possible, but I'm more getting at 'debt within budget' - where we have low debt and budget surplus. I would think $10bill per year of debt payments would allow us a very manageable debt size, which doesn't threaten to derail our government spending when something funny comes along.

 

[Gary Gutful]

I'm going to have several beers at the Wig and Pen this evening followed by Gorgonzola Pizza and Chianti.

I'm going to Tippler's Tap. They have Brewcult Captain Obvious IPA on tap.

#SoGoodItWouldPutAHornOnAJellyFish

 

[Gronk]

Yeah - selling off stuff is crap.

Being debt free is certainly possible, but I'm more getting at 'debt within budget' - where we have low debt and budget surplus. I would think $10bill per year of debt payments would allow us a very manageable debt size, which doesn't threaten to derail our government spending when something funny comes along.

Well he's going to sell off Medibank Private for $4B. This is a company that pays a $450m dividend to the government each year.

You tell me if this is a good idea ? Correct me if I'm wrong, but that's 11.25% return per annum ?

They are doing this for no other reason than to build up a war chest for the next election.

 

[Gary Gutful]

Methinks HJ needs to spend less time listening to Alan Jones.

http://www.thevine.com.au/life/news/10-things-abbotts-bullshit-budget-emergency-20140509-281174/

And less time proving himself to be well out of his depth when discussing politics with the likes of Pou, Barry, OMC and Gronk.

#GiveYourselfADozenBeardo

 

[TheParraboy]

Methinks HJ needs to spend less time listening to Alan Jones.

x2

 

[oldmancraigy]

Well he's going to sell off Medibank Private for $4B. This is a company that pays a $450m dividend to the government each year.

You tell me if this is a good idea ? Correct me if I'm wrong, but that's 11.25% return per annum ?

They are doing this for no other reason than to build up a war chest for the next election.

No doubt at all!

I never said I supported everything they do. I just think not all of it is bad.
Ironically the war chest can be used by labour in promise form for post election.

 

[Barry O'Speedwagon]

I'm going to Tippler's Tap. They have Brewcult Captain Obvious IPA on tap.

#SoGoodItWouldPutAHornOnAJellyFish

Where's Tippler's Tap? CBD?

 

[Gary Gutful]

Where's Tippler's Tap? CBD?

Newstead.

 

[Hollywood Jesus]

Charmed as always mate. Resort to abuse. Cool stuff (I know it's general abuse).

Sorry, dude, but it's actually one of the things that really gives me the shits.

But, to the UK, we can easily add countries Germany, The Netherlands, Canada, Denmark.....hardly basket case or poorly run economies.

Oh, now that you've had time to go and actually look at something you can make a non-general comment. Nice. Pity it took you a day to be able to do it instead of being able to do it off the top of your head, which would have been the case if you weren't just parroting the leftoids.

How about how debt is growing as % of GDP? Canada's forecast is for half ours, with Germany actually shrinking their debt.

Projected Government spending increases? Denmark and The Netherlands essentially 0%, Germany a third of ours, Canada two-thirds.

These are the comparisons we should be making with others OECD countries because it shows where we are going, which is what we should be focused on.

***

I''m cool with you (or everyone) thinking I'm a rude arsehole but this is one of those comments that is constantly made by people who don't have a clue what they're talking about and are just billboarding for the sake of whinging. As such, its why I get the shits and become a rude arsehole.

f**kING GAME DAY, MOTHERf**kERS!!!