THE BUDGET

[nero_bolt]

Just how bad will the budget be tonight, how much DEBT has Julia and Swan and Labor run up and how many decades will it take to pay this massive debt back?

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ALMOST $200 billion of red ink spilled across the nation's balance sheet looks to be Treasurer Wayne Swan's legacy, as forecasters predict budget deficits "as far as the eye can see".

In five previous budgets, the Treasurer has racked up deficits of $173 billion and analysts tip the promised $1.5 billion surplus in last year's budget papers will be replaced a deficit of between $10.9 billion to $22 billion.

The size of a deficit will come under heavy scrutiny when Mr Swan stands up tonight at 7.30pm, as Treasury forecasts have been exposed as being based on too-optimistic outlooks.

http://www.heraldsun.com.au/federal-election/federal-budget-get-used-to-deficits-economists-warn/story-fnho52jj-1226641538690

[katydidthat]

The comparison I was making was between those who will receive a FULL salary up to $75,000 for 6 months (not a percentage, according to what I've read), and those receiving newstart, parenting payment single or the disability support pension who appear to be getting no extra money and now, probably, a lower baby bonus.  

Also, if I earned $150,000 pa why on earth would my baby be worth $75,000 and someone else's baby only $10,000?  

[cherry*135]

The comparison I was making was between those who will receive a FULL salary up to $75,000 for 6 months (not a percentage, according to what I've read), and those receiving newstart, parenting payment single or the disability support pension who appear to be getting no extra money and now, probably, a lower baby bonus.  

Also, if I earned $150,000 pa why on earth would my baby be worth $75,000 and someone else's baby only $10,000?  

Newstart: all working females who choose to have a child should all get a % of the wage they are earning during the time they take maternity leave.

I might be looking at this the wrong way but  if a parent on $150 000 takes paid parental leave their income will go down a lot more while they are off work, than someone who earns $40,000 p.a.

those receiving newstart, parenting payment single or the disability support pension who appear to be getting no extra money and now, probably, a lower baby bonus.  

Those eligible for FTB,  will get $2000 for a first baby, $1000 for 2nd etc. Realistically that is plenty of money to set up for a baby.

If they mother is on Govt benefits they will still get the same payments. They don't work so are not suffering any loss of income by having a baby.

[twinkles**stars]

my daughter, a sole parent without child support, works 4 day per week will feel the force of this budget should it actually happen. child care fees are on the increase as is the cost of our dsmal public transport. 

[newstart2380]

The comparison I was making was between those who will receive a FULL salary up to $75,000 for 6 months (not a percentage, according to what I've read), and those receiving newstart, parenting payment single or the disability support pension who appear to be getting no extra money and now, probably, a lower baby bonus.  

Also, if I earned $150,000 pa why on earth would my baby be worth $75,000 and someone else's baby only $10,000?  

I think you will find (from my understanding) that ALL PPL is based on a % of the yearly salary earned no matter who you are, what your yearly salary is and NOT what you do as a profession.

It has nothing to do with what your baby is worth and I think your statement is a bit ridiculous (sorry), they are all worth the same.

[katydidthat]

I might be looking at this the wrong way but  if a parent on $150 000 takes paid parental leave their income will go down a lot more while they are off work, than someone who earns $40,000 p.a.

AM3, as I understand it (and see the link), the person on $150,000 will take home exactly the same.

http://www.abc.net.au/news/2013-05-10/federal-election-parental-leave-childcare-policy/4671954

 If they mother is on Govt benefits they will still get the same payments. They don't work so are not suffering any loss of income by having a baby.

True, but they will be less able to look for work ... 

We'll be looking at three different kinds of mothers:  those on benefits, those earning large salaries while not working in their jobs, and the in-betweens ...

And, the person earning the high income should be well able to afford to have a baby without any assistance ... 

All these schemes to win votes ... no matter the lack of common sense or fairness.  

Ah shakes me head, pours a glass of beer, and lights a cigar.  

[newstart2380]

my daughter, a sole parent without child support, works 4 day per week will feel the force of this budget should it actually happen. child care fees are on the increase as is the cost of our dsmal public transport. 

Does your daughter receive a government rebate for child care fees, this is not means tested and she should receive the same as everyone else.

[newstart2380]

And, the person earning the high income should be well able to afford to have a baby without any assistance ... 

Why do you discriminate against this person earning a higher wage ?

[twinkles**stars]

Does your daughter receive a government rebate for child care fees, this is not means tested and she should receive the same as everyone else.

yes she recueves somebutnt as much as some. several weeks ago she came home with the wrong invoice.....that person recieves twice as much rebate

[twinkles**stars]

silly keypad on phone lol

[katydidthat]

Why do you discriminate against this person earning a higher wage ?

Because it's a waste of my money.  While the PPL is supposed to be funded by big business, businesses are just going to put up their prices.  I don't see why I should be subsidising someone on $150,000 a year.  Do you? 🙂

they are all worth the same.

Exactly ... or they should be.  

Anyway, it looks like Abbott is coming under some heavy criticism from his own party, as well as business ... I think we'll see a flip flop.