on โ04-12-2014 02:43 AM
.....wait for it.....Goes to....!!!!!!
maybe when Joe ends up losing his job he could apply to be the face.....(or another body part) for JCraig
Solved! Go to Solution.
on โ04-12-2014 07:01 AM
@poddster wrote:You have a short memory.
The only reason LNP balanced budget was because they sold everything, and yes you are right we did not experience GFC, because our government invested heavily and made sure employment stayed low. But never mind, present government is doing its best to devastate our manufacturing, so do not worry in no time at all we will catch up with the rest of the world. If Hockey tries bit harder we might even outdo them.
on โ04-12-2014 07:16 AM
on โ04-12-2014 07:24 AM
ref. my post #8 please *add this to it.....last page of report http://fsi.gov.au/files/2014/04/Name_withheld_1.pdf
under Recommendations
Government annual budgetary considerations should be determined in the context of unemployment and inflation, and should not be influenced by aggregate government debt levels. The objective of the governmentโs fiscal policy should be formalised in a similar manner to the description of the RBAโs duty
๏ท Monetary policy and fiscal policy are not independent. A mechanism should be found to allow both to operate in a co-ordinated manner and formalise the equivalency of their objectives
๏ท Mandatory contributions to superannuation should be reduced or stopped
๏ท Banks are quasi-public entities operating in a less than fully competitive environment and bank profitability should be regulated to reflect this. Allowing increased bank competition to reduce profitability is not desirable for financial stability.
*Responsibility for spending on Australian infrastructure should fall to a greater extent on the federal government and should be managed in the context of the governmentโs objectives with respect to unemployment and inflation.
Infrastructure spending should form part of the governmentโs budgetary position.
Further consideration should be given to mechanisms by which the government can support private sector infrastructure investment (including subsidies, tax breaks, guarantees and other forms of support) that further public policy in terms of infrastructure, employment and inflation
on โ04-12-2014 07:31 AM
on โ04-12-2014 08:48 AM
on โ04-12-2014 09:06 AM
on โ04-12-2014 09:10 AM
Nova, I'd forgotten about that,
yes Costello did sell off our gold reserves at rock bottom prices, just before the commodity boom
clever not!
I wonder if the recent commodity fall is all labors fault too
on โ04-12-2014 09:25 AM
on โ04-12-2014 09:38 AM
Thank you Lurker.
yes.....it is true
Hockey can't even get his toxic budget passed!
on โ04-12-2014 09:43 AM