Sensational Transformational Budget from Joe Hockey, well done Joe........

[AHLUNGOR]

Ms. Bishop is looking hot these days, I like her new hairstyle, very slinky and sexy....
I would.....

You should turn your attention to this lady instead:

Yingluck Shinawatra - Prime Minister of Thailand - aka, the most beautiful female politician !!









And she's got Obama behaving like a little school boy :

[wilisno]

You should turn your attention to this lady instead:

Yingluck Shinawatra - Prime Minister of Thailand - aka, the most beautiful female politician !!









And she's got Obama behaving like a little school boy :

This is your most eloquent post on this thread !

[Wayne]

This is your most eloquent post on this thread !

Agree. Unfortunately she is an ex - the monarchy conspired with the courts to dismiss her on a trumped up charge. Now the military have taken over. Yingluck will be imprisoned within the week.

[AHLUNGOR]

This is your most eloquent post on this thread !

I can do better !!

How about the First Lady from China !!

[SmilingGiraffe]

You should turn your attention to this lady instead:

Yingluck Shinawatra - Prime Minister of Thailand - aka, the most beautiful female politician !!

I'd be "in like Flyn"....."like rat up a drain pipe"....."like ferret down a rabbit hole"........yeah baby she's a cutey.

[wilisno]

I can do better !!

How about the First Lady from China !!

Nah ! The Thai is a better MILF !

[RoyalFlush]

The funniest post by AHL was "cut ! cut ! cut !" I literally facepalm-ed, lol. But it was good to have you on the same team buddy.

Im not sure what the history is with the animal dude (giraffe, lion, monkey et al.), but I think he's alrite mate!

[lockhart]

Joe H sweat badly during Q&A.. "Why, he knew he was defending lies. What a performance!

Paul Keating on Tony Abbort around June 2012 - "If the public takes him they will get a large kick in the bum and they will deserve it." . If the stick hit everyone then it is fair!!!

[AHLUNGOR]

The funniest post by AHL was "cut ! cut ! cut !" I literally facepalm-ed, lol. But it was good to have you on the same team buddy.

Im not sure what the history is with the animal dude (giraffe, lion, monkey et al.), but I think he's alrite mate!

You go and read the front page on the Fin review today, we are in risk of losing our AAA rating by S&P if we don't get our budget back in order, the S&P assessors are not interested in how, they only want to see results or face down grading, so may be the ALP. the bloody greens and the newbie PUP can pull their heads out of the sands and face the music, we must cut spendings, as simple as that,

Cheers

[wilisno]

You go and read the front page on the Fin review today, we are in risk of losing our AAA rating by S&P if we don't get our budget back in order, the S&P assessors are not interested in how, they only want to see results or face down grading, so may be the ALP. the bloody greens and the newbie PUP can pull their heads out of the sands and face the music, we must cut spendings, as simple as that,

Cheers

Yep ! This budget will expedite the process of losing the AAA rating, you'll see !

[waynekerr]

Quote - Standard and Poor's Credit Rating Agency.

"Standard and Poor's has rejected Fairfax media's suggestions that Australia's AAA credit rating is at risk."

The Financial Review suggests the country's top rating could be jeopardised if the Government's budget measures to rein in the deficit do not clear the Senate.

"As we said last week, we have a stable outlook on the rating, which means a less than one-in-three chance that we'll change the rating over the next couple of years."

Craig Michaels.
Standard and Poor's.

Unquote.

A media beat up? Some people will believe anything.

WayneK.

[waynekerr]

You go and read the front page on the Fin review today, we are in risk of losing our AAA rating by S&P if we don't get our budget back in order, the S&P assessors are not interested in how, they only want to see results or face down grading, so may be the ALP. the bloody greens and the newbie PUP can pull their heads out of the sands and face the music, we must cut spendings, as simple as that,

Cheers

A Credit Rating is an assessment of the credit worthiness of a borrower.

So are you concerned that if our credit rating (already AAA, the highest level thanks to prudent
policies of the previous government) drops then we might have trouble borrowing more? So you
don't really believe we are already in debt too much after all?

It was Hockey that more than doubled our debt ceiling you know.

WayneK.

[JC1]

Thanks for pointing that iut. How despicable these conservative media - using lies to support their agenda. Then people treating what they read or heard from these media as gospel.

[loaded]

A Credit Rating is an assessment of the credit worthiness of a borrower.

So are you concerned that if our credit rating (already AAA, the highest level thanks to prudent
policies of the previous government) drops then we might have trouble borrowing more? So you
don't really believe we are already in debt too much after all?

It was Hockey that more than doubled our debt ceiling you know.

WayneK.

There is no budget emergency. We have the lowest net debt to GDP of all OECD countries.

[Wayne]

A Credit Rating is an assessment of the credit worthiness of a borrower.

So are you concerned that if our credit rating (already AAA, the highest level thanks to prudent
policies of the previous government) drops then we might have trouble borrowing more? So you
don't really believe we are already in debt too much after all?

It was Hockey that more than doubled our debt ceiling you know.

WayneK.

I suspect no matter how much reason you use there is little likelihood of getting through to these rusted-on Abbott supporters. Abbott represents ignorance, greed and self-absorption. All qualities some find attractive. There is no reason for such like to listen to rational argument.

[waynekerr]

The Australian. 20-05-2014

Quote:

Tony Abbott’s charge that Labor is threatening Australia’s AAA credit rating has been discredited, after a leading ratings agency rejected claims it was poised to review the nation’s credit score.

The Prime Minister this morning seized on a media report of comments by a Standard & Poors sovereign analyst, Craig Michaels, that the nation’s prized credit rating could be reviewed if parliament fails to approve significant budget cuts.

Mr Abbott used the Australian Financial Review report – titled “AAA credit rating at risk” – to repeatedly attack Labor today, urging the opposition to pass his government’s first budget through the Senate.

However Mr Michaels has told The Australian “there is no immediate risk to the AAA credit rating”.

“We have a stable outlook on the AAA rating, which means we think there’s a less than one-in-three chance of a change to the next couple of years,” Mr Michaels said this afternoon.

Unquote.

And The Australian is about as conservative as you can get.

Abbott lies to cover his lies. The man's a sociopath.

WayneK.

[wilisno]

I'm no economist, but I believe if you think these cutbacks are all good, and they will surely work, you are kidding yourself !

Think about the chain reaction !

With the cutbacks, household expenditure will increase, spending power will decrease. Demands of goods and services will decrease, leading to the increase of unemployment, all sectors will be hurt. All these will lead to the drop of tax revenue. At the same time, they will have to pay unemployment benefits to those extra job loss, including those cutbacks of public servants, 17,000 jobs ? By then, they probably will blame the world's economy for not being able to reach the forecast reduction of the deficit.

After years of neglect, by the time Labour gets back in office, they'll have to fix education, hospitals, infrastructures, etc etc. more importantly, make money, not just save money, it'll start all over again, going in circle ...

Further to my post, the ANZ survey today states that consumer confidence has dropped 14% since the election !

[waynekerr]

I'm no economist, but I believe if you think these cutbacks are all good, and they will surely work, you are kidding yourself !

Think about the chain reaction !

With the cutbacks, household expenditure will increase, spending power will decrease. Demands of goods and services will decrease, leading to the increase of unemployment, all sectors will be hurt. All these will lead to the drop of tax revenue. At the same time, they will have to pay unemployment benefits to those extra job loss, including those cutbacks of public servants, 17,000 jobs ? By then, they probably will blame the world's economy for not being able to reach the forecast reduction of the deficit.

After years of neglect, by the time Labour gets back in office, they'll have to fix education, hospitals, infrastructures, etc etc. more importantly, make money, not just save money, it'll start all over again, going in circle ...

You're on the money Wilisno,

Consumer confidence drops because the government has frightened the bejesus out of the plebs. They tighten their wallets,
business cashflow stalls, they have to cut staff, so more unemployed and less spending money available, so cashflow tightens
more, so..... . It is an ever-decreasing circle until it dissappears up it's own arse ie. a recession.

Takes years to fix that.

WayneK.

[greybeard_]

Sure, there's no debt crisis at the moment but if current trends continue we are definitely heading in that direction.

Maybe Abbott is trying to do too much too soon. Maybe the costs and sacrifices aren't being distributed evenly. But overall I agree theres a need to address the debt issue now while something can still be done rather than sticking our heads in the sand and letting the situation worsen.

My main complaint about Abott is that he blatantly lied to the electorate and theres no getting around that. I will never vote for a government I don't trust. I voted for the coalition in the last federal election but I won't vote for them next time.

[greybeard_]

Are you a Keynesian? I suppose your solution to government debt is for the government to borrow and spend more money? Thats crazy. These sort of fiscal stimulus strategies are usually advocated by vested interests and captains of industry who always end up cashing in. Bad economics. Bad public policy.

You're on the money Wilisno,

Consumer confidence drops because the government has frightened the bejesus out of the plebs. They tighten their wallets,
business cashflow stalls, they have to cut staff, so more unemployed and less spending money available, so cashflow tightens
more, so..... . It is an ever-decreasing circle until it dissappears up it's own arse ie. a recession.

Takes years to fix that.

WayneK.