Vic How would you rate Daniel Andrews' performance as Victorian Premier? - Part 7

[wizcapper]

If the removals on the Frankston line were put back another 2-3 years, they'd probably end up being cheaper and it's not like traffic in Aspendale or Seaford is a massive issue requiring urgent millions of dollars being spent.

They need to slow some of these projects down in times of higher debt. They made great sense at 2% interest rates, but at 5%, they'll end up a lot more costly.

Slowing down a project makes it cheaper?

 

[Saint]

Slowing down a project makes it cheaper?

If you're not building it at the peak of a construction cycle, yes. It's why nobody wants to build a house at the moment, you're paying top dollar.

 

[wizcapper]

If you're not building it at the peak of a construction cycle, yes. It's why nobody wants to build a house at the moment, you're paying top dollar.

Hilarious

 

[Nuggs Bunny]

If the removals on the Frankston line were put back another 2-3 years, they'd probably end up being cheaper and it's not like traffic in Aspendale or Seaford is a massive issue requiring urgent millions of dollars being spent.

They need to slow some of these projects down in times of higher debt. They made great sense at 2% interest rates, but at 5%, they'll end up a lot more costly.

It will never be cheaper. Delaying it for a few years might just push the budget hit back a few years until the interest rate payments aren't such a high portion of state income & expenses.

 

[kalex6251]

was under the impression dan was the bully .....

apparently its the new guy (or should that be the old pesutto ) .... to think - all that glowing free PR from triolli and the drum gone to waste ... so sad

 

[royale with cheese]

How exactly lmao?

You can't just say anything and run with the vibes. There is no state owned/run bank or financial institution.

And funds like the VGF or VSCF are tiny.

Vibes tell me.

 

[Bombermania]

How exactly lmao?

You can't just say anything and run with the vibes. There is no state owned/run bank or financial institution.

And funds like the VGF or VSCF are tiny.

Victoria owns financial institutions.

 

[Ghost Patrol]

Nice work Dan!

Do Rukshan next?

 

[GreyWind]

Nice work Dan!

Do Rukshan next?

Let me guess little Avi wants his ******* followers to fund the $67k he's been ordered to pay.

 

[HurleyHepsHird]

Victoria owns financial institutions.

What financial institutions, what purpose do they serve, how large are they and in what proportion is state ownership?

Are you referring to small investment funds, two of which I have named, which confer limited exposure to the state government and its finances?

 

[HurleyHepsHird]

Vibes tell me.

At least you admit to being a bullshitter.

 

[HurleyHepsHird]

The Victorian Liberal opposition.

Victorian Liberals plunge into chaos as John Pesutto faces second coming of Moira Deeming

Internal warfare has spiralled into threats of legal action and accusations of ‘terrorists’ holding the state opposition party ‘hostage’

www.theguardian.com

Sky News and the Murdoch set are now going all in on calling for his head. I'm not sure how a clique of frothing extremists can pretend to be a viable alternative.

 

[royale with cheese]

At least you admit to being a bullshitter.

You’re gonna be shocked at how poor Victoria gets.

 

[Saint]

You’re gonna be shocked at how poor Victoria gets.

Oh, it's going to be a 5-alarm Herald Sun scandal when Victorian debt clicks over 20% debt to GSP in a couple of years!! The sky is definitely going to fall in.

Of course, federal debt was pushed over 30% debt to GDP a couple of years ao and the word debt was reported 10% as many times in the Hun as it was when Rudd/Gillard had a debt which was about 20% of what it is now.

It's worth pointing out how much a more developed and mature economy Victoria is from other states with a much more diverse economy compared to the Iron republic of WA or the Coal and Gas-fired economies of NSW and Qld. Victoria can afford to hold more debt than other states. It's finance 101.

 

[nut]

Oh, it's going to be a 5-alarm Herald Sun scandal when Victorian debt clicks over 20% debt to GSP in a couple of years!! The sky is definitely going to fall in.

Of course, federal debt was pushed over 30% debt to GDP a couple of years ao and the word debt was reported 10% as many times in the Hun as it was when Rudd/Gillard had a debt which was about 20% of what it is now.

It's worth pointing out how much a more developed and mature economy Victoria is from other states with a much more diverse economy compared to the Iron republic of WA or the Coal and Gas-fired economies of NSW and Qld. Victoria can afford to hold more debt than other states. It's finance 101.

The Hun attacked Andrews for 6 months before the last election… didn’t lay one blow.
The Hun is doing more bad than good…… it has little trust.

 

[royale with cheese]

Oh, it's going to be a 5-alarm Herald Sun scandal when Victorian debt clicks over 20% debt to GSP in a couple of years!! The sky is definitely going to fall in.

Of course, federal debt was pushed over 30% debt to GDP a couple of years ao and the word debt was reported 10% as many times in the Hun as it was when Rudd/Gillard had a debt which was about 20% of what it is now.

It's worth pointing out how much a more developed and mature economy Victoria is from other states with a much more diverse economy compared to the Iron republic of WA or the Coal and Gas-fired economies of NSW and Qld. Victoria can afford to hold more debt than other states. It's finance 101.

Victoria can’t issue its own currency, so its debt levels will always need to be lower than what the commonwealth can hold.

 

[Saint]

Victoria can’t issue its own currency, so its debt levels will always need to be lower than what the commonwealth can hold.

But it can also be higher than other states as we have a much more diverse and mature economy.

Internationally and nationally, it's still a relatively low level of debt across all levels of Government.

 

[Leeda]

Yes, for the most vulnerable, especially in winter. A fair question and an important one. Hence Crankyhawk replied.

Be a smart ass, get a smart ass reply.

Yehea...give the goal...grail.. garl...a big....
smackers.on the hard arse...
She just has to .

 

[HurleyHepsHird]

You’re gonna be shocked at how poor Victoria gets.

How exactly?

The economy is more diverse than other Australian states. Thus multiple avenues for growth. It also attracts a large number of skilled migrants.

Outside of Queensland, it is the state most primed to benefit from a return to pre-COVID and pre-Morrison economic conditions.

 

[royale with cheese]

How exactly?

The economy is more diverse than other Australian states. Thus multiple avenues for growth. It also attracts a large number of skilled migrants.

Outside of Queensland, it is the state most primed to benefit from a return to pre-COVID and pre-Morrison economic conditions.

Watch.

 

[Rob R]

Yeah, this seems completely made up.

Feel free to look up the project and company websites. It's not exactly hidden although to be fair the way Australian industry has been run down and sold off, there aren't many Oz options left

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[Rob R]

Also, Chinese investors/companies being part of a consortium does not = the CCP.

These construction giants tend to be transnational consortia. There'll be European, Japanese, Chinese, British and some Australian partners.

But the racist Chairman Dan China bad dogwhistles are much more convenient. Likewise, since when does servicing a tender equal ownership. Some real big brains about.

You do raise a good point, there is nothing wrong with Chinese companies just ones who are owned at least partially by the government (like John Holland who are owned by a CCP company).



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[Rob R]

Tuned into the news for the first time in a while and state politics gets a quick mention.

Guess what the opposition were asking questions about? Corruption. On a day when Dan Andrews had a go at the RBA, when the Govt is wide open to attack about debt and the looming awful budget and the opposition are banging on about corruption still?

Read the room, opposition, please!

100% agree, corruption in the VIC Alp (like the former fed govt) is a major problem but cost of living is a much higher priority now.

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[Bombermania]

What financial institutions, what purpose do they serve, how large are they and in what proportion is state ownership?

Are you referring to small investment funds, two of which I have named, which confer limited exposure to the state government and its finances?

The Victorian government owns financial institutions in different parts of finance, and some of them are big enough that if they collapsed there would be a hit to the state's budget.

 

[peetoo]

So we get massive fines for even touching a phone while not parked permanently, but when a cop wants to see our whiz bang digital licence…or even our vaccination cert during a pandemic, that’s ok?