How would you pay back Labors MASSIVE debt they left us

[nero_bolt]

Australian families to wear the pain of Labor's massive debt bomb

How would you pay back Labors MASSIVE debt that they have left Australia with? 

What would you do to get this massive debt problem under control that Labor left us?

What would you cut or trim to get this MASSIVE debt problem (caused by Labor and their failed spending policies) under control

How would you pay for all these WELFARE programs and never ending handouts?  Who has to pay for these and how?

How would you pay for the rising number of pensioners over the next 2-3-4 decades etc  What would you do and how do you pay for this? 

So what would you do to ballance the books and budget and lower and get rid of the massive DEBT we have? 

https://www.liberal.org.au/latest-news/2012/11/12/labors-debt-time-bomb-exposed

http://www.news.com.au/national/joe-hockey-reveals-labors-667-billion-debt-bomb-in-myefo-statement/s...

http://www.dailytelegraph.com.au/news/nsw/australian-families-to-wear-the-pain-of-labors-massive-deb...

Joe Hockey reveals Labor's $667 billion 'debt bomb' in MYEFO statement 

AUSTRALIANS face the worst hit to income since the 1950s, rising unemployment, a national debt ballooning to $667 billion and a legacy of spending that had crippled the budget, Treasurer Joe Hockey warned yesterday

TAXPAYERS were on track for a $667 billion debt bomb if Labor's policies and spending was left unchecked over the next decade, budget papers reveal.     

http://www.dailytelegraph.com.au/news/nsw/australian-families-to-wear-the-pain-of-labors-massive-deb...

http://www.news.com.au/national/joe-hockey-reveals-labors-667-billion-debt-bomb-in-myefo-statement/s...

[carls*world]

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@lakeland27 wrote:

thats the usual approach. ask for $300 and then let them have it for $129.99 .  everyone is relieved.

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Yep, sure is how it works. From all sides, started by the unions a century ago

[dibs2315]

the liberals need to be very very very careful when talking down the nations economy

in fact, left unchecked, the libs will destroy us economically just so they can blame labor

[lakeland27]

yes most likely. when labour and management had less to fight about.

[freakiness]

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@nero_wulf wrote:

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@debra9275 wrote:
Joe's comments and excuses today were a load of rubbish IMO

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 as you have an opinion as stated above what are your answers to pay off and fix the massive debt left by labor and get the country going again.. What would you do? 

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It's a beat up. We've had 23 years of growth. The country doesn't need to get going again because it didn't stop, it's not in a recession and has relatively low levels of debt.

[freakiness]

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@debra9275 wrote:
So did these "commission" members put together the report for free ( for the good of our country) seeing as we're so broke and all, or was it another job for the boys, paying themselves a bit extra.

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No they were paid mega bucks on top of their day jobs and pension plans to sit around and work out ways of screwing the citizens over.

[boris1gary]

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@freakiness wrote:

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@nero_wulf wrote:

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@debra9275 wrote:
Joe's comments and excuses today were a load of rubbish IMO

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 as you have an opinion as stated above what are your answers to pay off and fix the massive debt left by labor and get the country going again.. What would you do? 

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It's a beat up. We've had 23 years of growth. The country doesn't need to get going again because it didn't stop, it's not in a recession and has relatively low levels of debt.

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exactly, the question must be hypothetical.

[colic2bullsgirlore]

Hypothetically

A). Scrap all subsidy to the mining industry

The oil and gas industry also gets a massive tax break through so called “accelerated depreciation” that is rising towards a staggering $2 billion per year by 2018 to companies who again are making record profits.

G20 governments of the world first commited to phase out fossil fuel subsidies in September 2009, recognising that “fossil fuel subsidies encourage wasteful consumption, distrort markets, impede investment in clean energy sources and undermine efforts to deal with climate change”.

But since Australia made that commitment, it has continued to deny that we, as a nation, subsidise fossil fuels.

ACF has been monitoring what first began as it’s ‘dirty dozen’ fossil fuel subsidies for years, highlighting a long list of over $7 billion in fossil fuel subsidies.

The biggest of these are the diesel fuel handouts to the miners – called the fuel tax credits scheme. This is a tax payer handout to big miners worth $2 billion per year.

This equates to $182 per taxpayer  every year, and worth a staggering $9.4 billion over the next four years to some of the most profitable companies operating in this country. This is a much greater cost than the carbon price will have on households.

These wasteful, inefficient handouts will continue to promote fossil fuel use at a staggering rate of $4,480 of taxpayer dollars per minute, day in, day out.

The politically powerful mining lobby has got its way in Australian public policy at last year’s may Federal Budget – again.

This equates to $182 per taxpayer  every year, and worth a staggering $9.4 billion over the next four years to some of the most profitable companies operating in this country. This is a much greater cost than the carbon price will have on households

While the rest of us pay 38c a litre in taxes at the bowser, these companies are mining the public purse and in the process they are making climate change worse.

The oil and gas industry also gets a massive tax break through so called “accelerated depreciation” that is rising

towards a staggering $2 billion per year by 2018 to companies who again are making record profits.

A recent survey found that 77% of Australian's support scrapping these fossil fuel subsidies to the big miners.

B. Make multinationals pay tax on the money earned from Australians ie.

http://pages.ebay.com.au/help/policies/seller-gst.html#q8

What is eBay's ABN number?

The rights and services available at www.ebay.com.au are provided by eBay International AG, located at Helvetiastrasse 15/17, CH-3005, Bern , Switzerland . As a foreign entity, eBay International AG is not required to be registered for GST and therefore does not have an ABN number.

How's that for a start?

[colic2bullsgirlore]

Keh????

http://theconversation.com/abbott-tells-businesses-not-to-expect-subsidies-21609

Abbott tells businesses not to expect subsidies

Prime Minister Tony Abbott has sent a strong message to businesses not to expect handouts from his government, as he announced a $A100 million fund to cushion the impact from Holden’s decision to end manufacturing in Australia.

Abbott also said he would chair a ministerial task force comprising treasurer Joe Hockey, Industry Minister Ian Macfarlane and Trade Minister Andrew Robb “to develop a national industry investment and competitiveness agenda”. It will particularly look at how to make big cuts to the cost of energy.

In his tough line to business, Abbott said: “No country has ever subsidised its way to prosperity … This government will be very loathe to consider requests for subsidies.

[fourandsixpants]

replying to debs,who said:  Joe's comments and excuses today were a load of rubbish IMO

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 Yes I agree!!

the fiberals best hope that their tactics don't get out of hand - or it might be the sheep that bite them on the *beep*

[azureline**]

I really used to like Joe, he has disappointed me so much this last 2 years 😞

I think a beginning would be for them to stop all this public campaigning about the debt,  we know we have one, stop spending more, take a pay cut for all pollies...........

Campbell Newman is spending money Qld doesn't have, for us to have our say too................. about selling off our assetts. We know they don't care what we think.