Mega Thread Coronavirus & the AFL - Stage 4 Restrictions in Place in Vic - Part 3

[Gralin]

This is part Three.

Part One can be found here -

Mega Thread - Coronavirus & the AFL - season postponed. (Thread part 1 - cont in part 2, link in thread)

This is part 1 of this thread. Continued in Part 2: https://www.bigfooty.com/forum/threads/coronavirus-the-afl-season-postponed-part-2.1237935/

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Part Two can be found here -

Mega Thread - Coronavirus & the AFL - season postponed. Part 2 * CONTINUED ABUSE WILL NOT BE TOLERATED *

https://www.bigfooty.com/forum/pages/covid-stats-australia/

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Part 4 can be found here:

Mega Thread - Coronavirus & the AFL - Stage 4 Restrictions in Place in Vic - Part 4

This is part Four. Part One can be found here - https://www.bigfooty.com/forum/threads/coronavirus-the-afl-season-postponed.1236651/unread Part Two can be found here -...

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Australian stats page:

Australian Coronavirus Stats

Latest COVID-19 stats from Australia.

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[HirdsTheWord]

During times like these surplus should not be the short term goal - in order to create jobs, you necessarily must go into debt and start spending.

surplus is only part of it - that's is the end game obviously.

but the government injecting billions into the economy that they don't have isn't good for anyone long term. Surely the basic person with limited finance knowledge understands that?

have 1 guess how they get that money back.

 

[Forward Press]

surplus is only part of it - that's is the end game obviously.

but the government injecting billions into the economy that they don't have isn't good for anyone long term. Surely the basic person with limited finance knowledge understands that?

have 1 guess how they get that money back.

The idea is that the billions they don't have now is borrowed from the future. That's how all governments around the world operate (unless you're Norway or Singapore). It's not really controversial economic theory here.

Yes, it will have to be recouped through higher taxation and reduced spending but that's again uncontroversial economic theory.

 

[Kwality]

Might be some interesting meetings going on soon between HQ, clubs and the AFLPA.

Have the list changes for next season even been communicated to clubs?

We might get to November or so with all state borders still up and the very real proposition that hubs look likely for the upcoming season.

Lots of unknowns, and not many solutions to the possibilities.

I'm unsure of what actions of the AFL are set in stone relating to list size, salary cap, footy operations cost.
How many footy staff now on jobkeeper are going to work (for a lot less $s) versus staying home.

I'm sure the clubs know what the future looks like, & I cant see club membership dollars & lower level sponsorships holding up in 2021.

 

[Linda Lovelace]

No ones saying we need to fix the economy right now. But have we an ever growing unemployment rate whilst still being propped up by the government is not a good thing - and it needs to be addressed otherwise when the Government funding ends it will be a disaster.

You might not seem worried about the economy but i am - Australia is unlikely to see a surplus in the next decade and the current unemployment rate is rapidly rising and does not include people who are stood down, working reduced hours etc etc. What are these people supposed to do on a long term basis?

Its an overly shitful thing to make fun of people worried about this and not sure why you are poking fun at other opinions - its a ******* forum mate. Deal with it.

LOL at having a cry about me being mean and then ending it with 'deal with it'. That's quality.

And I am concerned about the economy. That was literally the point of my post.

 

[swingdog]

If they're not borrowing money at current rates and have no confidence that the economy will outperform the rate of return, they're dumber than a fence.

 

[Kwality]

surplus is only part of it - that's is the end game obviously.

but the government injecting billions into the economy that they don't have isn't good for anyone long term. Surely the basic person with limited finance knowledge understands that?

have 1 guess how they get that money back.

Not a fan of MMT*

Lowe's MMT hit a signal he knows perception matters

All the talk of higher debt was the motive for RBA governor Philip Lowe's critique of Modern Monetary Theory, economist say.

www.afr.com

* didnt work for me.

 

[pablo668]

.................................what

Surpluses are basically a load of old cobblers. The idea of govt is not that they had scads of cash sitting around. They are supposed to spend the money they get for the benefit of the community. The ideal is that at the end of the financial year, or whenever they tally up, is that the ledger sits at Zero. Debt in and of itself is not a bad thing.Obviously you don't want too much, but it is more important that the debt is actually serviced.

It's not like say a household budget.

 

[Kwality]

Surpluses are basically a load of old cobblers. The idea of govt is not that they had scads of cash sitting around. They are supposed to spend the money they get for the benefit of the community. The ideal is that at the end of the financial year, or whenever they tally up, is that the ledger sits at Zero. Debt in and of itself is not a bad thing.Obviously you don't want too much, but it is more important that the debt is actually serviced.

It's not like say a household budget.

So what is a deficit in fact?
Watch how your footy club handles the next couple of years.

 

[Shane Heard]

I find your reply stupid and ridiculous. And who even uses "bucko "?

22 Local government areas in Victoria have no active Covid19 cases. Does it make sense for police to be heavy handed there?
20 LGA's have less than 10 cases.
20 have more than 10 but less then 100.
Then there are the other 19.

6 local government areas have 48% if the active cases. Pretty much the same areas that have been a problem all along.
With other isolated hot spots , no-where else is really looking out of control like those areas.

Righto Karen

 

[jatz14]

We should be preparing for the prospect of not having a vaccine and now. Otherwise, we are putting ourselves at the mercy of an outcome we have no control over.

We are also erroneously extrapolating that a vaccine will eliminate the virus, when most likely it wont. It is always best to assume the worst and plan accordingly, particularly when the desired or hopeful outcome is outside your control.



I've changed my tune on this in recent weeks, where I too was extolling elimination, but having seen the minor resurgency in NZ I realise, an elimination strategy will leave society more exposed to mass outbreaks, because we wouldnt be fortifying our society against the extreme likelihood the virus will re-emerge. We need to adopt the post-COVID mindset and accept this is a very clear demarcation in hisory.

Besides, the Federal government's policy is suppression, not elimination. They should be accompanying that objective with an actual plan - widespread, affordable and rapid testing in workplaces and tracing (which has been a complete bust at this point - the Covidsafe app is useless).

Suppression that works leads to elimination, until it comes in from somewhere else.

Or, in other words, a suppression policy is an elimination policy that failed.



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[jatz14]

surplus is only part of it - that's is the end game obviously.

but the government injecting billions into the economy that they don't have isn't good for anyone long term. Surely the basic person with limited finance knowledge understands that?

have 1 guess how they get that money back.

An expanding economy expands government coffers without them doing a thing.

On moto g(6) plus using BigFooty.com mobile app

 

[jatz14]

The idea is that the billions they don't have now is borrowed from the future. That's how all governments around the world operate (unless you're Norway or Singapore). It's not really controversial economic theory here.

Yes, it will have to be recouped through higher taxation and reduced spending but that's again uncontroversial economic theory.

It doesn't need increased taxation. You get more tax and reduced costs from an expanding economy, without raising taxes.

Governments aren't like household incomes. When times are tough, spend, when times are good, cut.

On moto g(6) plus using BigFooty.com mobile app

 

[SaintsSeptember]

Surpluses are basically a load of old cobblers. The idea of govt is not that they had scads of cash sitting around. They are supposed to spend the money they get for the benefit of the community. The ideal is that at the end of the financial year, or whenever they tally up, is that the ledger sits at Zero. Debt in and of itself is not a bad thing.Obviously you don't want too much, but it is more important that the debt is actually serviced.

It's not like say a household budget.

Seriously?
You either increase your debt or you decrease it . Its not like they have a big vault they dive into.
Debt IS a bad thing. Part of our taxes each year goes to just paying some bastard that we owe money to.

 

[SaintsSeptember]

Righto Karen

Ok Richard.

 

[Major Colvin]

Suppression that works leads to elimination, until it comes in from somewhere else.

Or, in other words, a suppression policy is an elimination policy that failed.



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What I'm saying is, based on the recent recurrence on New Zealand and based on the WHO's opinion that the world will never eradicate the virus (regardless of a vaccine), an elimination policy will inevitably fail (in the foreseeable future)

 

[Shane Heard]

Ok Richard.

it’s Ken actually

 

[SaintsSeptember]

it’s Ken actually

I'll go with Richard, or maybe shorten it to Dick.

 

[juss]

216 today in VIC. Another "good" day, that rolling average is really coming down.

 

[JackOutback]

Seriously?
You either increase your debt or you decrease it . Its not like they have a big vault they dive into.
Debt IS a bad thing. Part of our taxes each year goes to just paying some bastard that we owe money to.

Governments print money, there's no vault, big or small.

People need to stop thinking about government budgets in the same way they think about their personal budget.

 

[The 747]

Governments print money, there's no vault, big or small.

People need to stop thinking about government budgets in the same way they thing about their personal budget.

Good luck with that

 

[Kwality]

Suppression that works leads to elimination, until it comes in from somewhere else.

Or, in other words, a suppression policy is an elimination policy that failed.



On moto g(6) plus using BigFooty.com mobile app

Elimination is a technical description that means the lurgy has been suppressed for a while, aka about as useful as 'the science is in'.
An elimination policy is the state of play a result of successful suppression.

 

[The 747]

216 today in VIC. Another "good" day, that rolling average is really coming down.

It is good to see but it really needs to get down further in the coming couple of weeks, ideally to a very low level for the last two weeks of home detention and then we can look to let people out at night again....

 

[Cuzz09]

I Wouldve thought with the lockdown vics would be getting a lot lower numbers than they still are.

One sniff of a lockdown being eased the numbers will burst out to 500+ again guaranteed.

On SM-G925I using BigFooty.com mobile app

 

[The 747]

I Wouldve thought with the lockdown vics would be getting a lot lower numbers than they still are.

One sniff of a lockdown being eased the numbers will burst out to 500+ again guaranteed.

On SM-G925I using BigFooty.com mobile app

Thank you for your expert opinion and good wishes.

 

[Cuzz09]

Thank you for your expert opinion and good wishes.

No worries.

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