Malcolm Turnbull - How long?

[medusala]

Again, you miss the entire point of the exercise.
The govt needed to fill the spending gap.

Lol. Figbooty, home of quack economics.

 

[JackOutback]

Lol. Figbooty, home of quack economics.

If the government had not intervened during the GFC, people would have lost their jobs, businesses and homes. Letting that happen on the altar of capitalism is quack economics.

 

[kwikfix]

NZ did nothing and got the same result as Australia with less debt, the GFC just gave Rudd an excuse to spend up big to big note himself.

 

[JackOutback]

NZ did nothing and got the same result as Australia with less debt, the GFC just gave Rudd an excuse to spend up big to big note himself.

America also did nothing...how did that turn out for them?

 

[Power Raid]

Rupert likes this until free trade agreements with the US aren't signed......or wait , maybe that was Jules.

But yeah there was a very noticeable


View attachment 317425


when it all went sour.
No prizes for guessing it had to do with Murdoche-bergs greed

We already have the framework in place for a free trade agreement with the US.

You have to set up an intermediary company but that's no major issue.

 

[kwikfix]

America also did nothing...how did that turn out for them?

We didn't have a US style housing bubble or our banks overexposed to subprime lending.

 

[Messenger]

We didn't have a US style housing bubble or our banks overexposed to subprime lending.

Our bubble hasn't burst yet.

 

[Number37]

Lol. Figbooty, home of quack economics.

You don't know anything about economics how can you tell the difference between quack and non-quack?

 

[Rotayjay]

Changes to Medicare announced today - health insurers (rather than doctors) will now decide whether you are reimbursed for a hospital fee to remove skin cancer. The Health Minister says that 'there's no reason why your private health insurer won't reimburse you for the hospital.' Typical Liberal policy - unnecessary change for no other reason apart from helping their mates in big corporations to make bigger profits at the expense of Australian families.

 

[Bomberboyokay]

Lol. Figbooty, home of quack economics.

Especially when you're posting.

 

[madmug]

America also did nothing...how did that turn out for them?

US spent billions saving the Auto industry, even more propping up the housing industry & financial Institutions.

 

[Juddism]

We didn't have a US style housing bubble or our banks overexposed to subprime lending.

we've got banks lending $500k+ to people that they shouldn't be lending that much to...only going to take a few rate hikes and we'll see serious pain. I think the RBA has resisted lifting when it should've, primarily due to the exposure.

 

[kwikfix]

 

[kwikfix]

 

[Dry Rot]

Changes to Medicare announced today - health insurers (rather than doctors) will now decide whether you are reimbursed for a hospital fee to remove skin cancer. The Health Minister says that 'there's no reason why your private health insurer won't reimburse you for the hospital.' Typical Liberal policy - unnecessary change for no other reason apart from helping their mates in big corporations to make bigger profits at the expense of Australian families.

link?

 

[Rotayjay]

link?

Edit: tried pasting a couple of different links but Bigfooty won't let me for some reason. To find the stories, I typed 'changes to medicare skin cancer' into Google News

 

[Theseventhhamster]

There's nothing fraudulent and unethical about supply and demand driving up price. It's was the governments fault for driving up massive demand in an industry where there was no supply of excess labour. Tradies were perfectly entitled to demand higher prices.

I have no problem with the decision to implement government spending given the circumstances at the time. But it was spent in exactly the wrong sectors. They could not of got the decision of where to spend it more wrong. It was not a couple of cases and three times the cost is not slightly inflated costs. Slightly inflated costs is 20 percent, not 200 percent. It was a farce that you would expect in a corrupt developing economy not a developed economy.

I was in the building industry at the time and it was awesome. Did one school halls job at great $$ and made more money on regular work for about a year due to all the demand for trades.

 

[Maggie5]

link?

http://www.heraldsun.com.au/lifesty...s/news-story/53f2bc583097e3c8c5c7c3e574d30345

PATIENTS may be facing huge bills to have a skin cancer removed under changes to Medicare that experts fear could encourage people to wait longer for treatment.

And, disturbingly, health funds, not doctors will get to decide whether they provide a rebate for some smaller skin cancer removals.

Plastic surgeons are warning patients could be facing bills of up to $1,100 if they have a small skin cancer removed in a private hospital.

 

[Gough]

Point at the Mussies, and then loot the place while everyone is looking the other way. Bunch of campaigners.

 

[NSWCROW]

What's this NBN levy s**t ?

Tad rich yes ?

 

[GreyCrow]

What's this NBN levy s**t ?

Tad rich yes ?

From here

The Turnbull government will seek to introduce a new levy on telecommunications companies to help pay for the roll-out of the NBN in regional areas, a change it admits will lead to higher prices for internet consumers.

The move goes against the advice of the government's own hand-picked expert panel, which warned such a levy "causes greater distortions than it is intended to remedy".

You could shrug off a levy like this but there will be no alternative once NBN goes into full market share. With the closing down of the other networks its a monopolized revenue raiser which will get passed onto the consumer.

 

[NSWCROW]

So standard fare for these campaigners basically.

One day the balloons gonna burst

 

[madmug]

From here

The Turnbull government will seek to introduce a new levy on telecommunications companies to help pay for the roll-out of the NBN in regional areas, a change it admits will lead to higher prices for internet consumers.

The move goes against the advice of the government's own hand-picked expert panel, which warned such a levy "causes greater distortions than it is intended to remedy".

You could shrug off a levy like this but there will be no alternative once NBN goes into full market share. With the closing down of the other networks its a monopolized revenue raiser which will get passed onto the consumer.

You didnt expect a sensible economic approach from this Gument did you? Everything they do has the hard edge of desperate politics to it at the moment. Currently (pun!) the power industry are crying out for a sensible long term policy that represents the reality of where the industry now is & where it needs to go.

Why would telecommunication be any different? Its just another platform for the dogma infested right wing nutters to stuff up for the future. Kick another can down the road Turdball.

 

[funk44]

http://www.heraldsun.com.au/lifesty...s/news-story/53f2bc583097e3c8c5c7c3e574d30345

PATIENTS may be facing huge bills to have a skin cancer removed under changes to Medicare that experts fear could encourage people to wait longer for treatment.

And, disturbingly, health funds, not doctors will get to decide whether they provide a rebate for some smaller skin cancer removals.

Plastic surgeons are warning patients could be facing bills of up to $1,100 if they have a small skin cancer removed in a private hospital.

I can't access that article but as someone who knows a little about the workings of the MBS i'm rather dubious about this how factual this is

It's true that on On November 1, Medicare made wholesale changes to the skin services item bracket reducing service materials from 48 to 21 following advice coming from an independent review. You can read about said changes here

However the story appears to be a beat up, health funds have always made the decision as to whether you are covered for something or not when the service is performed in-patient (provided you have health insurance of course) which is usually determined by your level of cover. Services like this usually fall into plastics and reconstructive if you aren't sure if you are covered or not. If the service is performed out-patient (I haven't checked if the new items are eligible or not) then you will be covered under Medicare to the schedule fee as per usual.

The reason why these interest groups are running this scare campaign is that this limits the ability for their members (surgeons) to charge for outdated services that are no longer relevant, often in addition to the primary surgical item thereby limiting their ability to only change for two services at 400% over the MBS each rather than the usual four or five.

There's are reason these guys appear at number four on the highest paid professions in Australia:
1. Neurosurgeon $577,674
2. Ophthalmologist $552,947
3. Cardiologist $453,253
4. Plastic and reconstructive surgeon $448,530
5. Gynaecologist; obstetrician $446,507
6. Otorhinolaryngologist $445,939
7. Orthopedic surgeon $439,629
8. Urologist $433,792
9. Vascular surgeon $417,524
10. Gastroenterologist $415,192

http://www.afr.com/leadership/careers/australias-top-50-highest-paying-jobs-20161204-gt3uzx

 

[madmug]

I can't access that article but as someone who knows a little about the workings of the MBS i'm rather dubious about this how factual this is

It's true that on On November 1, Medicare made wholesale changes to the skin services item bracket reducing service materials from 48 to 21 following advice coming from an independent review. You can read about said changes here

However the story appears to be a beat up, health funds have always made the decision as to whether you are covered for something or not when the service is performed in-patient (provided you have health insurance of course) which is usually determined by your level of cover. Services like this usually fall into plastics and reconstructive if you aren't sure if you are covered or not. If the service is performed out-patient (I haven't checked if the new items are eligible or not) then you will be covered under Medicare as per usual.

The reason why these interest groups are running this scare campaign is that this limits the ability for their members (surgeons) to charge for outdated services that are no longer relevant, often in addition to the primary surgical item thereby limiting their ability to only change for two services at 400% over the MBS each rather than the usual four or five.

There's are reason these guys appear at number four on the highest paid professions in Australia:
1. Neurosurgeon $577,674
2. Ophthalmologist $552,947
3. Cardiologist $453,253
4. Plastic and reconstructive surgeon $448,530
5. Gynaecologist; obstetrician $446,507
6. Otorhinolaryngologist $445,939
7. Orthopedic surgeon $439,629
8. Urologist $433,792
9. Vascular surgeon $417,524
10. Gastroenterologist $415,192

http://www.afr.com/leadership/careers/australias-top-50-highest-paying-jobs-20161204-gt3uzx

Part of the reason for such 'wages' is the length of time & effort to get qualified to do such jobs. The other thing is the professions gate keeping roll which is aimed at keeping the standards high, but the wages too via the rule of scarcity.