Why are we blaming Hockey and Abott?

[the_bob_delusion]

Obviously the money has got to come from somewhere. Where do you want to take it from???

[poddster]

Sure he is not a climatologist am*3 ? All these "ologists" seem to migrate from discipline to discipline 🙂

[cherry*135]

Quote: Ross Gittins, SMH

The budget was a giant attempt to get back to surplus solely by cutting spending and not increasing taxes. It failed.

I think a lot of Ross Gittins, I went to a public lecture he gave at the Uni a few years ago. He is able to write on economic matters in a way so the average person can understand it.

Being an Economics editor has nothing to do with writing articles on climate change, but you know that.

Ross Gittins is economics editor of The Sydney Morning Herald and an economic columnist for The Age.

He has been a press fellow at Wolfson College, Cambridge, and a journalist-in-residence at the department of economics of the University of Melbourne. 

[poddster]

LL you said that you would vote for a government that puts people first, hence the question where are they put?

[poddster]

am*3 i give the same advice to as I did to Deb dont believe all you hear 🙂

[cherry*135]

In the poor house (in a Govt led by TA)

[cherry*135]

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@poddster wrote:

am*3 i give the same advice to as I did to Deb dont believe all you hear 🙂

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OK, I don't believe anything I read from certain posters here (read/see/hear all the same)

I do believe a learned, experienced economics editor like Ross Gittins. Read what he said, he isn't making wild claims, he is publishing facts about the budget.

If someone posted an article on the Budget from The Daily Telegraph I wouldn't believe a word of it.

[cherry*135]

One can't say we must put up with TA and Joe Hockey's Budget, simply because he is better (debateable) than the last mob..

[poddster]

am*3, I prefer to judge on performance, and will wait for this budget to prove itself after it has been implemented and ran its course, as I did with the budgets of the previous government.

6 years of predictions and each one failed worse than the previous one

[debra9275]

I went looking for the article but I can't find it and there as so many to sift through but the Howard govt were the biggest spending govt according th the IMF (I believe them) 

and Abbott has been spending up already in his first 8 months (the jets etc)

and FYI Poddy the deficit

Australia's debt is 12 per cent of its GDP. The OECD average is for advanced economies 73 per cent of GDP.

That means that we're the third lowest debt nation in the OECD…

[cherry*135]

Nothing like putting the blinkers on.

But there's one more reason: 2018 is the first year when the expiry of various agreements allows the feds to really start screwing the states on grants for public schools and public hospitals. From then on, grants will be adjusted only in line with inflation and population growth.

This means almost all of Hockey's cumulative savings of more than $80 billion on payments to the states for schools and hospitals over the decade to 2024-25 occur beyond the forward estimates.

R.G., SMH