Political Discussion part #2 - SA General Election 2018 and onwards!

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Elite Crow

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A large part of the surplus is because companies have finally started paying taxes again. A lot of companies stacked up big losses during the GFC. They've been making profits for several years now, but until now they've had "credits" from those GFC losses, which meant that they haven't had to pay any taxes. Those credits finally ran out in October last year, and they're now starting to pay taxes again - for the first time in a decade.

The Coal & Iron Ore prices are due almost entirely to China.

The current government may be able to take some credit for the decreased value of the Australian Dollar, though I'm not sure it's a good thing. It's good for exports, but sucks for anyone wanting an overseas holiday or looking to import goods into this country. Swings and roundabouts. I'm not an exporter, so I prefer a higher Australian Dollar.

So.. only one of those three factors is (maybe) due to the government's influence. The other two are definitely not.
So the government doesn’t create a climate where the economy is going well with low unemployment, inflation, favourable business conditions which assist with companies making profits?

Pretty biased view their Vader.
 

Bicks

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So the government doesn’t create a climate where the economy is going well with low unemployment, inflation, favourable business conditions which assist with companies making profits?

Pretty biased view their Vader.
People of Port Augusta and the upper north along with the interstate haulage companies very happy too as would any regular users of the bridge.....The current bridge totally inadequate for two way traffic especially heavy haulage, downright dangerous.

 

Bicks

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Just another day in lawless downtown Melbourne under the Victorian ALP Premier Daniel Andrews' soft cock approach to the out of control African Gang destruction and violence. There are reason why you're trailing 53 - 47 in the polls Mr. Andrews..this is one of the main reasons.


https://www.theaustralian.com.au/ne...s/news-story/749604520af25968d7ad3c764b2cf750

Victoria police ‘must change approach’ to out-of-control parties

A senior Victorian police officer has conceded the force has to change its approach to out-of-control parties, after police were left powerless to stop up to 150 youths of African appearance trashing a Footscray home as they had renters’ rights. Assistant Commissioner Stephen Leane told Melbourne’s 3AW radio that officers will set up a new plan that will see more police dealing at out-of-control parties, led by senior officers. “I don’t think it’s a good look, I don’t think our police like to be in this position, and I’ve asked senior police to work on an operational response plan so we can be much quicker,” he said. “I don’t want to see these stories on the front pages of the papers.” The Footscray house was trashed by youths, mainly of African appearance, on Sunday morning with doors smashed, paintings ripped off walls, and a television thrown out of the top floor window. The Footscray house was trashed by youths, mainly of African appearance, on Sunday morning with doors smashed, paintings ripped off walls, and a television thrown out of the top floor window.
Homeowner Kelly said yesterday she had stood outside with police at 2am in the morning while the revellers were destroying her house. Assistant Commissioner Leane confirmed police were powerless to intervene. “We certainly have an issue around short-term rentals ... our lawyers are telling us that this is a lease, even though it’s a one night-lease, not a six-month lease,” he told 3AW’s Neil Mitchell. “It’s a civil matter, so you’re off to VCAT if you want to try and exclude them from the premises ... if there’s no damage, no criminal issues, even the homeowner can’t ask them to leave.” “I think we need to have a conservation about it ... From a policing point of view, we don’t have an authority (to enter the premises)” Assistant Commissioner Leane also said he was still trying to find out why police did not enter the premises earlier despite homeowner Kelly saying they stood with her while the house was trashed.
 

Bicks

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Hear Hear. Today's Politicians of all Political persuasions have NFI, it's all just about getting elected, the country comes a distant second.
Budget 2018: Former treasurer Peter Costello says most Australians will be dead before national debt is paid off

http://www.abc.net.au/news/2018-05-...be-dead-before-national-debt-paid-off/9736158

Most Australians will be dead before the nation's debt is paid off, former treasurer Peter Costello has told 7.30.
On the eve of the federal budget, Mr Costello said national debt as a proportion of the GDP, 19 per cent, was at about the same level as when he became treasurer in 1996. "It took us 10 surplus budgets to pay it off last time. You'd be doing well to pay it off in 10 surplus budgets this time," he told 7.30 host Leigh Sales. "If I may say so Leigh, I think the probabilities are we'll never get back to where we were. You and I will die before that happens." Treasurer Scott Morrison has brushed aside Mr Costello's criticism. "I encourage my friend and mentor to tune in tonight and I think he will be pleased with what he sees," Mr Morrison said as he arrived at Parliament House this morning. The Treasurer said the budget would deliver a stronger economy.
"It is a plan for lower taxes and for reducing the pressure on households," he said. He would not reveal how long it would take to pay off the net debt.
 
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Elite Crow

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Hear Hear. Today's Politicians of all Political persuasions have NFI, it's all just about getting elected, the country comes a distant second.
Budget 2018: Former treasurer Peter Costello says most Australians will be dead before national debt is paid off

http://www.abc.net.au/news/2018-05-...be-dead-before-national-debt-paid-off/9736158



I agree it’s all about being elected but the majority of Australians are to blame. There is too much of an attitude of “what’s in it for me” anf they don’t take a big picture view.

So when a party tries to implement measures to reign in the budget they a) get knocked back by Senators who received 3 votes to get in and b) opposition parties who use it as a scare campaign and for political advantage because they know we are selfish.

Until both major political parties put the country first instead of getting elected nothing will change and that’s never going to happen.
 

Vader

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The word surplus is really an oxymoron in it's use here. Especially when we are over $300billion in debt. That's a fact not an opinion.
And Costello's already flogged off the family silver to satisfy his own obsession with debt minimisation.
 
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Just another day in lawless downtown Melbourne under the Victorian ALP Premier Daniel Andrews' soft cock approach to the out of control African Gang destruction and violence. There are reason why you're trailing 53 - 47 in the polls Mr. Andrews..this is one of the main reasons.


https://www.theaustralian.com.au/ne...s/news-story/749604520af25968d7ad3c764b2cf750

Victoria police ‘must change approach’ to out-of-control parties
Sounds like a party held by a rock group in the 70s.
 

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Elite Crow

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If the suggested 'soft' surplus as stated, then it will take 30 surplus years to pay off the debt.
But we aren’t adding to it right?

As for a hard surplus, given the years of deficits, the first one was always going to be soft.

I would have thought this is positive step in the right direction.
 
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But we aren’t adding to it right?

As for a hard surplus, given the years of deficits, the first one was always going to be soft.

I would have thought this is positive step in the right direction.
I'll just add "If the world sneezes, Australia will catch a cold"

It all depends on how the rest of the world goes, if all goes well, Australia will benefit, if not Australia will not.

Unrest in certain parts of the world will always dictate how we go, along with a little participation with who ever is in power at the time.
 

Carmo

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So the government doesn’t create a climate where the economy is going well with low unemployment, inflation, favourable business conditions which assist with companies making profits?

Pretty biased view their Vader.
Are you saying the current govt has done these things?
 

Carmo

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Far out! Have you all not listened to a thing I've said.

I'll try again.

1. Countries don't have a budget, not like a State, or a company or a person has a budget. Like many things financial, what happens at the level of a country is not like what happens at the lower levels, a country's finances are not like a household's. States, companies and people cant print money for one example. That's why we have GDP as a measure, rather than the sum of profits and savings for another.
2. Spending is not constrained by tax take, these things do not have to balance like a budget.
3. Public debt matters very little.
4. Private debt matters massively.
5. A surplus is ok, if its from a trade surplus (which from my coal and iron ore comments I suspect it is a contributing factor,though I havent checked yet), if its not, then a surplus is a bad thing, this is because...
6. A public surplus is balanced by the private sector going into debt - which is not a good thing if its already heavily indebted which Australia's private sector is.

Deriving from all the above, one can conclude Peter Costello has no idea.
 

Bicks

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Far out! Have you all not listened to a thing I've said.

I'll try again.

1. Countries don't have a budget, not like a State, or a company or a person has a budget. Like many things financial, what happens at the level of a country is not like what happens at the lower levels, a country's finances are not like a household's. States, companies and people cant print money for one example. That's why we have GDP as a measure, rather than the sum of profits and savings for another.
2. Spending is not constrained by tax take, these things do not have to balance like a budget.
3. Public debt matters very little.
4. Private debt matters massively.
5. A surplus is ok, if its from a trade surplus (which from my coal and iron ore comments I suspect it is a contributing factor,though I havent checked yet), if its not, then a surplus is a bad thing, this is because...
6. A public surplus is balanced by the private sector going into debt - which is not a good thing if its already heavily indebted which Australia's private sector is.

Deriving from all the above, one can conclude Peter Costello has no idea.
LOL, I'll take Peter Costello over some internet numpty's ramblings if that's OK with you Carmo
 
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