Medibank Private Was Raided By Labor

[icyfroth]

FINANCE Minister Mathias Cormann has rejected opposition claims the proposed sale of Medibank Private would increase the budget deficit and drive up premiums, accusing the former Labor government of unsustainably “raiding” the insurer to boost its own revenue.         

Opposition finance spokesman Tony Burke has warned the government will surrender dividends of up to $500 million by selling the company, adding to government deficits over the long term.

However Senator Cormann today said the comments showed why the Rudd and Gillard governments “made such a mess of the budget”.

“The proposition that somehow the commonwealth would be able to draw half a billion dollars in dividends on a yearly basis is just a ridiculous proposition,” Senator Cormann told ABC Radio.

“(Labor) raided Medibank’s capital reserves — that is not sustainable over time.”

Click Here To See Full Article

[spotweldersfriend]

Raided in inverted commas usually means they're lying-again.

[icyfroth]

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@spotweldersfriend wrote:
Raided in inverted commas usually means they're lying-again.

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Did you learn that from reports about the previous government?

[just_me_karen]

Icy, which government told the most lies?

The last government, to the current government?

[icyfroth]

You mean you've kept a tally of the previous governments lies so you can compare the count to this government's lies?

[the_hawk*]

They are both guilty of lying to the public and have raided most assets including a large chunk of the remaining Telsta shares they were supose to be keeping to fund the public service super with, its now unfunded like most things, next will be our savings and super they will want to use for free 

[just_me_karen]

Yes I have, icy 🙂

So which government has the highest lie score?

[freakiness]

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@icyfroth wrote:

FINANCE Minister Mathias Cormann has rejected opposition claims the proposed sale of Medibank Private would increase the budget deficit and drive up premiums, accusing the former Labor government of unsustainably “raiding” the insurer to boost its own revenue.         

Opposition finance spokesman Tony Burke has warned the government will surrender dividends of up to $500 million by selling the company, adding to government deficits over the long term.

However Senator Cormann today said the comments showed why the Rudd and Gillard governments “made such a mess of the budget”.

“The proposition that somehow the commonwealth would be able to draw half a billion dollars in dividends on a yearly basis is just a ridiculous proposition,” Senator Cormann told ABC Radio.

“(Labor) raided Medibank’s capital reserves — that is not sustainable over time.”

Click Here To See Full Article

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Where are the profits supposed to go if not to the government shareholder?

[spotweldersfriend]

Lies? Howard leads by a country mile.But there's plenty of time left for Tone to outdo him.

[lakeland27]

Look '' they threw children off the boat '' is going to take some beating. .