Labors MESS they left Australia in

[nero_bolt]

We were recently reminded by the Commission of Audit of the immense challenge to restore the Budget over the long term.
 
Six years of Labor delivered:

• five record Budget deficits,
• a further $123 billion in deficits for the next four years, and
• debt projected to reach at least $667 billion.

 
Today we are releasing a document that sets out in detail the legacy that Australians have been left by Labor. 

While the Coalition Government did not create this mess, we are determined to do the responsible thing by all Australians.
 
The next step in the Abbott Government’s Economic Action Strategy to build a strong, prosperous economy will be the release of the Budget next Tuesday night.
 
The Government will face up to the difficult but necessary decisions to repair the Budget so that we can build a stronger economy. 
 
It is in building a stronger economy that we can create more jobs, help small businesses and families and ensure there are more opportunities for all Australians.

Regards,

Mathias Cormann
Minister for Finance

64 Pages of the sad and sorry mess that Labor left Australia in

http://www.laborsmess.com.au/ 

http://www.laborsmess.com.au/?utm_source=Liberal+Party+E-news&utm_campaign=01c401355e-Labor+Mess+Boo...

Or the 64 page PDF is here

http://www.laborsmess.com.au/LaborsMess.pdf?utm_source=Liberal+Party+E-news&utm_campaign=01c401355e-...

[fourandsixpants]

to monman.

*Yawn dear......as boris points out.....Why have money if you're not going to spend it, that's basically what it's for you know and this money is the people of Australia's money, to be spent on stuff for them.

This money is not a slush fund for lying, pontificating politicians or their mates to order boys toys with.

...if those in power are worried about current debt - national, personal, state, federal -whatever, then these govt fat cats should be getting stuck into the legislation that can harness and control banksters (instead of granting banks financial product selling powers where unsuspecting customers ultimately get 'ripped off' and where these financial planners & banks gets MASSIVE earnings off customers monies), financial planners and these same financial fat cat corporations.

[poddster]

I would hate you to be my banker with an attitude like you have just expressed.

So you are under the impression that government should spend taxes willy nilly as it is not their personal funds.

I an sure that you would make a fuss if the lending institution was to spend up on your credit card without concern about the debt that they ran up on your account and foisted goods and services on you that you did not need, want or could afford.

You know........ eventually the piper has to be paid.

[fourandsixpants]

.....er....I don't have a credit card. I only have a debit card. I practise only spending what I have and budget for what I need.

The govt should spend what they have on what we need.....not on what they want.

ref. your comment ...."........ eventually the piper has to be paid." Sure but we don't all have to donn extra tight lycra budgie smugglers whilst making affordable increment payments on a planned and well managed budget.....wouldn't want to blow out the crotch seams!

[poddster]

That raises a question.

Why don't you have a credit card and live on funds you do not have, like the majority of the population?

[fourandsixpants]

I did experience the 'greed' concept and I didn't like the results! So, I chopped up the 2 credit cards, made a plan to pay them off and had a lot less stress just keeping my greedy wants at bay, so to speak:)

Sure, there are times of 'emergency' .......so you borrow on an agreed and affordable repayment plan....or start saving for future emergencies-takes a LOT of discipline btw to do this .

I well remember what my Dad told me, many years ago 

".....it's not how much money you make/get/have that matters but HOW you spend it."

I try to practise this. 

Had a boss many years ago who told me that HIS boss told him that money is nothing but what you can buy with it as this is where the value is.....and NEVER think of money as anything but 'units' then when you plan how you will spend your money you will not get distracted by emotion.

He also passed on that every pay you should use %'s to divvie up and budget for bills, spendings on self and others and savings both short and long term.

I practise this.

[poddster]

Good advice and good plan.

Don't you think that a country should adopt a plan that is similar?

Perhaps Hockey is in the process of trying to repay the country's dept and aiming to cut up the credit cards that the previous government maxed out over a six year period of spending like a drunken sailor on superfluous things

[fourandsixpants]

No!!!!!

Hockey himself has just DOUBLED the deficit !!

I don't trust him to manage our money.

[poddster]

Like I said in another thread don't believe all you read 🙂

The landscape that the previous government left was scattered with financial land mines that are just now being discovered, there are still plenty left to try and find and defuse.

[fourandsixpants]

I distrust this because this present leadership clan have had since September 2013 to go through the books.

This present bs leading up to the budget is just a ploy.....they have failed miserably to convince me that they are competent, trustworthy sincere and professional. Nothing that Hockey, Australia's Treasurer, has said in the last few weeks gives me confidence.

Everything that Hockey has done worries me actually.

[poddster]

What was your confidence level of Swan