Diary of our stinking Govt.

[boris1gary]

As it's more than 100 days now, it has been suggested that a new thread was needed.  The current govt has been breaking promises and telling lies at a rate so fast it's hard to keep up.

This below is worrying, "independent" pffft, as if your own doctor is somehow what? biased, it's ridiculous. So far there is talk of only including people under a certain age 30-35, for now. Remember that if your injured in a car, injured at work or get ill, you too might need to go on the DSP. They have done a similar think in the UK with devastating consequences.

and this is the 2nd time recently where the Govt has referred to work as welfare???? So when you go to work tomorrow (or tuesday), just remember that's welfare.

http://www.abc.net.au/news/2014-04-20/disability-pensioners-may-be-reassessed-kevin-andrews/5400598

Independent doctors could be called in to reassess disability pensioners, Federal Government says

The Federal Government is considering using independent doctors to examine disability pensioners and assess whether they should continue to receive payments.

Currently family doctors provide reports supporting claims for the Disability Support Pension (DSP).

But Social Services Minister Kevin Andrews is considering a measure that would see independent doctors reassess eligibility.

"We are concerned that where people can work, the best form of welfare is work," Mr Andrews said at a press conference.

[vicr3000]

Mon

I don't think they know what they want.

If they think 2.5% is low, as has been pointed out, it is smack in the middle of what the RBA wants

and what the gov'ts want.

Maybe they are expecting 9% like China, which means we would be in the deep poo if that was the case.

[cherry*135]

Any more than 3% and the Reserve puts the brakes on with interest rate rises.

Joe Hockey (G20) target -  the economic growth rate to rise by 2%.

[debra9275]

Oh here we go again. Lol.....


am, oddly enough, some think we actually wrote the articles in the links we post 😄


Seriously though MM12 don't you think it myopic to dispel every newspaper other than murdoch's as leftie nonsense.

I really think you should be lending your support to the Support Tony Abbott thread. Why do you post in this one anyway,? Though I do sometimes like your big red lettering, I like it so much I'm going to start posting like that myself

[gleee58]

Some think it reads like a Harry Potter book  😄

https://theconversation.com/intergenerational-report-joe-hockey-and-the-deathly-budget-hallows-38436

The Intergenerational Report aims to provide a long-term picture of future Australian prosperity, and the sustainability of government budgets. It should be a serious report. But this year it resembles a Harry Potter movie.

Like a Harry Potter tale, the report starts with prosaic reality. Future prosperity is most affected by productivity growth. Highly productive scenarios could make Australians 8% better off in 2055 than they would be otherwise. Participation makes some difference. If we see large increases in the proportion of older people who work, Australians could be 2% better off in 2055.

But most of the report is about the sustainability or otherwise of the Commonwealth Budget. And that is primarily a story about the magic of compound interest. If the Commonwealth doesn’t get its deficit under control over the next few years, and it’s allowed to compound, then the interest bill will be 7% of GDP – almost a third of Commonwealth outlays – by 2055. It sounds like the scary bits of a Harry Potter movie – and has about as much connection with reality. Any projection of a short-term deficit that is allowed to compound will lead to very ugly numbers over 50 years.

The long-term projections do highlight the most important part of the May 2014 Commonwealth budget. The Commonwealth abandoned its previous agreement to contribute to the long-term growth in hospital costs paid by the States. This saves the Commonwealth about 1.4% of GDP by 2055. It is far and away the largest single long-term reduction in Commonwealth spending. And of course, it simply transfers the deficit problem to State governments to solve.

cont...

[cherry*135]

vicr wrote: Maybe they are expecting 9% like China, which means we would be in the deep poo if that was the case ?????????

Today

The opening day of China's annual session of parliament has heard the government is predicting solid economic growth this year.

In what will come as good news for Australian exporters, the Chinese government has announced a target of 7 per cent GDP growth over the next 12 months.

In his opening speech to the National People's Congress China's premier Li Keqiang has said over 10 million jobs would be created in urban areas.

Australia's largest trading partner posted a 7.4 per cent growth rate for the previous year, the slowest since 1990.

http://www.abc.net.au/news/2015-03-05/china-national-peoples-congress-will-focus-on-growth-figures/6...

[vicr3000]

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@am*3 wrote:

Any more than 3% and the Reserve puts the brakes on with interest rate rises.

Joe Hockey (G20) target -  the economic growth rate to rise by 2%.

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That just proves you don't know what you are talking about, or what GDP is, or what the Reserve Bank GDP target is,

or what Joe Jockey was talking about with your quote.

Thank you, proves the point exactly.

[cherry*135]

No it doesn't. I do know..

9% for China - did you make that up?

[vicr3000]

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@am*3 wrote:

No it doesn't. I do know..

9% for China - did you make that up?

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If you know, why did you quote it as it is irrelevant to the discussion on 2.5% GDP

9% for China - did you make that up?

No, of course I didn't make it up, why do you ask if I did.

I did pull it off the top of my head so it may be 1% out but I am pretty sure that is the correct average for China.

[cherry*135]

Pulling something out of the top of ones head is making it up.   2% out - big difference.  Nothing to do with averages, it is their current aim (7%).

[watta*drama*queen]

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@debra9275 wrote:
Oh here we go again. Lol.....



I really think you should be lending your support to the Support Tony Abbott thread. Why do you post in this one anyway,? Though I do sometimes like your big red lettering, I like it so much I'm going to start posting like that myself

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Questioning why someone posts in this thread?

Directing some to post elsewhere?

Where do you think the idea of 'red lettering' big or small came from?

'Association' is an interesting phenomenon !