:lol: The abandonment of the surplus promise was in the old school newspapers this morning and while having morning tea my 6 year old daughter asked what I was complaining about while I was reading it. Obviously I had to simplify the whole thing so that she could relate to it. But she got it really easily - and in her words "Wayne Swan is spending more than his pocket money". Using a real life example from a couple of months ago, she said: "That is okay to do if you really need $10 to buy Mum's birthday present but have only saved $8, but then you don't get pocket money for the next two weeks. You have to promise to pay it back." <She gets a dollar a week at the moment> She asked how long has Wayne been spending more than his pocket money. And when I told her that this was going to be his sixth year but there may be more, she said "Wow, Daddy! That's as old as me. You wouldn't let me borrow for that long, silly Daddy. Is he ever going to pay it back?" :lol: Out of the mouths of children. (Much funnier at the time as well.)
Going on Bordsilvers figures from post #15, government spending from the (06/07) budget to the (10/11) budget increased 77%. How does swan even have a hide to say that spending is not the problem.
11 years of Howard and Costello et al's efforts to undo Labors last problems and the Krudd/Lizzard mob undo that in their 1st 2 years. Continue ad nauseum. Now we yield the compound interest of continuing Labor mismanagement.
Does this affect Swannies chances of getting "Treasurer of the year" next year? Maybe they just held off the news until after he got his little pat on the back. http://www.news.com.au/national-old...ster-of-the-year/story-e6frfkvr-1226142199651
regardless of the distractions, modern Labor are economic vandals, spending what we dont have to buy votes, plain and simple. Education labors sweetheart, down the gurgler Health labours sweetheart, down the gurgler Work places labors territory - 1000's of jobs lost this past two years LABOR, FAIL, FACT
We should at least run the Govt as a business model and employ competant trained individuals. Peter G as minister for education..WTF If i want to teach in tafe the minimum i need is a 12 week 3k Training and Development course. If i want to teach in High School i need so much more,these Dckheads get given their unfamiliar positions with a slap on the back and a She'll be right on the night Pat on the back. Any way Jonesy this is the first time i'll disagree with you.Wayne Swan is not our Treasury spokesman,its really Penny So wrong! REDBACK
A real Prime minister would have stood beside her treasurer when this news was delivered. Of course this Prime Minister acted exactly as you would expect - She hid. She threw her treasurer under the bus and went into hiding.
You obviously don't pay enough tax. I do have a problem paying mentally and physically fit individuals the dole full stop. My wife and I also as a choice self funded our education and health needs and those of our children. Other than defense, infrastructure, mental health and a few others I see no sense in allowing these fiscally still born numbnuts euphemistically called our (sic) elected representatives to continue. My pet hate in order is....; big government, big buisness, and unions Kind Regards non recourse
Mind telling us where that quote is from? Of course I'm for real. The Hawke/Keating era followed from the Fraser government, which was a capable administrator but did not do enough to undo the damage of the Whitlam government. Some in my family say Whitlam was "the best PM ever", I argue the exact opposite. Note this following quote is useful and reflects my own views/understanding of history, it did not help form my views. From the Wikipedia entry on Malcolm Fraser: Emphasis is my own. Care to explain how Hawke/Keating were not still dealing with the negative consequences of Whitlams policies. And for that matter, the global implications of the worldwide oil shock? And you can scream 'Costello' all you like re: the gold sell off. But its' well established that it was a Reserve Bank decision. Aim 95% of your derision at them, please. Cause and effect is a process longer than one government. Take the long view.
The reserve bank needed Costello to sign off on it and he did. The blame lay with him. I also had a chuckle at the comment about Howard being a "strong adherent of free market economics". What a complete joke that is.
Don't quote me, but I believe the sign off with Costello was to do with the capital gains tax. Costello agreed to waive the tax so that the full proceeds of the sale would stay in the bank (or something to that effect). Personally I don't see the RBA selling the gold without the Govt of the day's involvement/agreement. +1 On Howard not being a strong adherent. He was a stronger adherent compared to other politicians but was still a politician through and through and (if you can believe Costello) wanted to spend hand over fist on various pork barrelling projects (or even more than he did anyway).
This is how Swan gets his surplus <iframe width="560" height="315" src="http://www.youtube.com/embed/r7I2-0q_yQE" frameborder="0" allowfullscreen></iframe>
The actual press conference. [youtube]http://www.youtube.com/watch?v=tEIk3q9Hkrs[/youtube] He certainly seems to be saying things are bad and getting worse. Yet his goverment are global heros of sound fiscal management. So full of contradictions, lies and excuses! Ah, here's something with better clarity. [youtube]http://www.youtube.com/watch?v=KLBfyRjETYw[/youtube]
Same vid as Gino's 2nd blocked vid above, don't know where the first frame came from. [youtube]http://www.youtube.com/watch?v=VGtjDZg4hvg[/youtube]
