The Turnbull Government

[noco]

Budget deficits will grow, economist warns; Morrison admits balanced budget by 2021 uncertain


http://www.abc.net.au/news/2016-11-21/budget-deficits-to-keep-increasing-warns-economist/8041512

It is time for the Green/Labor left wing socialist coalition to show some bi-partisan support to help fix the mess they created.
Stop blocking the remedies in the Senate......Grow some balls and show some National interest.......All the Grreen/Labor Party are interested in is making the Government look inefficient and Jelly Mally appears to working with them...Turnbull has to go......We need a Donald Trump who is not frightened to stand up to this socialist cancer we have in Australia.

 

[Tisme]

Budget deficits will grow, economist warns; Morrison admits balanced budget by 2021 uncertain


http://www.abc.net.au/news/2016-11-21/budget-deficits-to-keep-increasing-warns-economist/8041512

Yeah I couldn't stop watching his politically cultivated embouchured lips that seem made for weasel words and lies.

 

[noco]

Yeah I couldn't stop watching his politically cultivated embouchured lips that seem made for weasel words and lies.

And economists also admit, things would have been worse under Labor.

 

[dutchie]

Budget deficits will grow, economist warns; Morrison admits balanced budget by 2021 uncertain


http://www.abc.net.au/news/2016-11-21/budget-deficits-to-keep-increasing-warns-economist/8041512

Coalition as good as Labor at bullsh*ting/lying.

"We will get budget into surplus by spending more and earning less"

 

[SirRumpole]

Why corporate tax cuts won't work as well as some people say.

As we saw last week, wages growth is the lowest on record, and for most of this year almost all the jobs growth has been part time or casual.

That's not because corporate taxes are too high. It is because there is spare capacity in the labour market. And that's a trend likely to continue.

The next burst of technology — artificial intelligence — is likely to cut an even larger swathe through the skilled workforce. If anything, future corporate investment is likely to target innovations that will limit the need for labour, thereby reducing any flow through to wages.

That trend will place greater pressure on society, and make it more difficult for government to maintain decent living standards and continue to provide services.

http://www.abc.net.au/news/2016-11-...ob-dylan-cant-be-bothered-nobel-prize/8041130

 

[Tisme]

And economists also admit, things would have been worse under Labor.

So what Noco?

We have stumbled through debt and/or deficit all our National lives. We went in deep for bridges, dams, harbours, pipelines, power stations, railways, highways, engineering workshops, etc and every now and again we pop our heads up and enjoy the fruits and then we get back onto the shovel and work again.

The Menzies era of regulated banks, regulated markets, regulate money, blah blah is gone. The new politician has to know the economic volatlity as well as the political game these days, plus deal with the pack of journalistic vultures who look for the nasty rather than the national comradery.

It's a purile argument always blaming people and predicting the sky falling in. Leave that to the friendless, humourless nasty girl and/or Nigel Nobody at primary school who never got to fit in with the playground crowd and never will.

 

[noco]

So what Noco?

We have stumbled through debt and/or deficit all our National lives. We went in deep for bridges, dams, harbours, pipelines, power stations, railways, highways, engineering workshops, etc and every now and again we pop our heads up and enjoy the fruits and then we get back onto the shovel and work again.

The Menzies era of regulated banks, regulated markets, regulate money, blah blah is gone. The new politician has to know the economic volatlity as well as the political game these days, plus deal with the pack of journalistic vultures who look for the nasty rather than the national comradery.

It's a purile argument always blaming people and predicting the sky falling in. Leave that to the friendless, humourless nasty girl and/or Nigel Nobody at primary school who never got to fit in with the playground crowd and never will.

So who else is to blame for the mess we are currently in apart from the Green/Labor socialist left wing coalition?
$1 billion in interest each month and counting.....Pink bats..overpriced school halls....$900 Dudd cheques...cash for clunkers.....fuel watch....CARBON TAX ( There will be no carbon tax under a government I lead)......50,000 illegals on welfare......a signed agreement between Gillard and Brown.......Labor controlled by the CFMEU creating havoc in the building industry.....The Green/Labor blowing up coal fired power stations .....shortage of power for industry in SA......Too many public servants both state and Federal.....we need to work leaner and meaner....

And it has all not been necessary.....But that is all a part of the Socialist strategy.....ruin the economy of a country and revert to socialistic central control.

 

[noco]

There are savings of $19billion which the Green/Labor left wing socialist coalition will not pass in the National interest of course.

https://au.finance.yahoo.com/news/morrison-wont-confirm-surplus-timing-033808321.html

Treasurer Scott Morrison has declined to confirm whether the government is sticking to its prediction for a budget surplus in 2020/21.

Instead he stated the obvious - Australia's finances will be back in the black when expenditure is less than revenue.

"You don't have to be a rocket scientist to work that out," Mr Morrison said in response to a Labor question during parliamentary question time on Monday.

Deloitte Access Economics predicts a boost to national income from a sharp rise in coal prices will only partly offset a deterioration in tax revenues on the back of record low wage growth and job creation undershooting official forecasts.

It's economist and ardent budget watcher Chris Richardson expects the budget deficit to be $40.5 billion in 2016/17 rather than the $37.1 billion forecast in the May budget.

Shadow treasurer Chris Bowen asked the treasurer whether the budget would be back in balance in 2021 if its $50 billion worth of business tax cuts were dropped

"I don't intend to engage in the hypotheticals of the member opposite," Mr Morrison replied.

"I ask him what does he think the impact on the budget is going to be if they continue in their approach of blocking $19 billion in budget savings measures?"

 

[SirRumpole]

If the government is looking for more revenue, here is one way to get it.

LNG boom: Australian Government 'far behind' in capturing benefits, paper finds

http://www.abc.net.au/news/2016-11-22/australia-government-revenue-oil-and-gas-production/8043326

 

[Tisme]

If the government is looking for more revenue, here is one way to get it.

LNG boom: Australian Government 'far behind' in capturing benefits, paper finds

http://www.abc.net.au/news/2016-11-22/australia-government-revenue-oil-and-gas-production/8043326

I see the miners are reducing their workforce. This will have a knock on effect with support workers.

Be interesting to see how the govt changes the GDP calc to negate the zip real growth of the economy since they took office.

Let's hope there's some new industry and income generators by the time the Gillard/Rudd spend stops washing through the economy.... highly unlikely given the LNP seems averse to real infra structure and nation building, preferring to go after unions, Lebanese migrants, Malcolm Fraser (e.g. Vietnamese migrants), the ABC, Human Rights Commission, etc.

One bright spot is that the government seem to have started realising they were the party elected two polls ago. It's not stopping them blaming Labor for their own failures, but one day the penny will drop.

 

[noco]

I see the miners are reducing their workforce. This will have a knock on effect with support workers.

Be interesting to see how the govt changes the GDP calc to negate the zip real growth of the economy since they took office.

Let's hope there's some new industry and income generators by the time the Gillard/Rudd spend stops washing through the economy.... highly unlikely given the LNP seems averse to real infra structure and nation building, preferring to go after unions, Lebanese migrants, Malcolm Fraser (e.g. Vietnamese migrants), the ABC, Human Rights Commission, etc.

One bright spot is that the government seem to have started realising they were the party elected two polls ago. It's not stopping them blaming Labor for their own failures, but one day the penny will drop.

When the penny drops, it will be too late for the two useless major parties.......There is room for a new party who has the guts to stand up to all the stupid political correctness and stand over tactics by organizations who want ruin our Nation. .

Who knows what will happen......Maybe the Trump Party in Australia....Maybe One Nation will rise to the occasion....or maybe someone like Cory Benardi to form a true conservative party.

Now stick all that in your pipe and smoke it.

Now wait for it......I can hear that fast train coming out of the tunnel to run me over....

:shoot:

 

[Tisme]

When the penny drops, it will be too late for the two useless major parties.......There is room for a new party who has the guts to stand up to all the stupid political correctness and stand over tactics by organizations who want ruin our Nation. .

agreed

 

[SirRumpole]

agreed

Agreed too, but a far Right party isn't the answer. There needs to be a centre party that is not the creature of unions or business but acts for the consumer and nation first and vested interests second. That means using Right wing policies where appropriate , eg destroying the silly political correctness culture we now have, and Left wing policies when appropriate eg getting back control of our natural resources like coal , iron ore and gas and getting a fair return for them.

The closest I have seen to this ideal is Xenephon, and I will vote for him whenever I can in future.

 

[luutzu]

Agreed too, but a far Right party isn't the answer. There needs to be a centre party that is not the creature of unions or business but acts for the consumer and nation first and vested interests second. That means using Right wing policies where appropriate , eg destroying the silly political correctness culture we now have, and Left wing policies when appropriate eg getting back control of our natural resources like coal , iron ore and gas and getting a fair return for them.

The closest I have seen to this ideal is Xenephon, and I will vote for him whenever I can in future.

Maybe that party is already here, if only it recognise it is a force to be reckon with, stop fighting among itself, kick its weaker members around for scraps and start to demand the taxes they've been paying going back among them: The people.

There is no such thing as an enlightened leader or a party of the people. Since it still is, technically, a democracy where the masses control that handle of state... stop delegating and hopey for changey.

 

[noco]

Maybe that party is already here, if only it recognise it is a force to be reckon with, stop fighting among itself, kick its weaker members around for scraps and start to demand the taxes they've been paying going back among them: The people.

There is no such thing as an enlightened leader or a party of the people. Since it still is, technically, a democracy where the masses control that handle of state... stop delegating and hopey for changey.

All Turnbull has to do is start listening to the people and what they are saying.

Follow Donald Trump.....tear up the Paris agreement.....ban any more Muslim immigration .....and look after middle class........Recognize the UN Global Warming is a scam....This is what voters want to hear.

Ahla Pauline Hanson.

Turnbull's and the Liberal Party's stakes will go up over night.......But he does not have the guts to do it.

 

[luutzu]

All Turnbull has to do is start listening to the people and what they are saying.

Follow Donald Trump.....tear up the Paris agreement.....ban any more Muslim immigration .....and look after middle class........Recognize the UN Global Warming is a scam....This is what voters want to hear.

Ahla Pauline Hanson.

Turnbull's and the Liberal Party's stakes will go up over night.......But he does not have the guts to do it.

Maybe in your days, politicians would by and large care for the country and its plebs. Though I'd put that to corporations being in its infancy and the pollies got the Commies to worry about... that and the Japs just retreated from the gates kind scare the elites a little bit.

But nowadays, plebs are just there to pay taxes and get out of the way.

No welfare for the poor, plenty of welfare and job programme for the rich and their corporations.

Taking care of widows and orphans mean not taxing bonds and financial gains since, as we all know, widows and orphans of the uber rich deserve a lot of tender care and love while the bogans and coloured folks on the fringes... mehhh.


Trump ain't going to do a dam thing for the people, the masses. He never has and now in his sixties, he's not going to see any reason why he should change and start caring.

Just look at who he's tapping to be in his cabinet. It's a corporation and climate "realist" wet dream.

Maybe Hanson is different and will ... na, she's smart. And smart people know what to say to get votes and money and power. It kind of stop there with our Pauline.

I mean, Muslim vileness being the flavour of the decade... so there she goes, not one word against the Chinese and Asian she was wrong to target in the 90s. See what money can do to people of real character?

So now it's Muslims, terrorist and the bogans and welfare cheats who's having it too good.

 

[noco]

Maybe in your days, politicians would by and large care for the country and its plebs. Though I'd put that to corporations being in its infancy and the pollies got the Commies to worry about... that and the Japs just retreated from the gates kind scare the elites a little bit.

But nowadays, plebs are just there to pay taxes and get out of the way.

No welfare for the poor, plenty of welfare and job programme for the rich and their corporations.

Taking care of widows and orphans mean not taxing bonds and financial gains since, as we all know, widows and orphans of the uber rich deserve a lot of tender care and love while the bogans and coloured folks on the fringes... mehhh.


Trump ain't going to do a dam thing for the people, the masses. He never has and now in his sixties, he's not going to see any reason why he should change and start caring.

Just look at who he's tapping to be in his cabinet. It's a corporation and climate "realist" wet dream.

Maybe Hanson is different and will ... na, she's smart. And smart people know what to say to get votes and money and power. It kind of stop there with our Pauline.

I mean, Muslim vileness being the flavour of the decade... so there she goes, not one word against the Chinese and Asian she was wrong to target in the 90s. See what money can do to people of real character?

So now it's Muslims, terrorist and the bogans and welfare cheats who's having it too good.

But you have to agree Luu, the two leaders we have now in Turnbull and Shorten are not doing their jobs in the interest of the nation.

We need a much stronger leader to move us away from political correctness and to be able to live our lives without fear or favor from political persuasion and biased propaganda.

 

[luutzu]

But you have to agree Luu, the two leaders we have now in Turnbull and Shorten are not doing their jobs in the interest of the nation.

We need a much stronger leader to move us away from political correctness and to be able to live our lives without fear or favor from political persuasion and biased propaganda.

I guess it depends on what we mean by "interest of the nation".

They might actually believe that what's good for Holden is good for Australia. Oh wait

As some much smarter guy was saying recently of American politics, big business got two parties fighting for them. The people got zero party.

So is the national interest the interest of the majority of the people; or is it the interest of big business and "job creators"?

Read a headline the other day where Turnbull's gov't is planning to ban claiming of "non compulsory" work clothes as a tax deductible item. So those fluoro shirt and vest, nurses non-uniform work uniform... forget about claiming that.

It'll save up to $50M big one. That $50M will put a big dent into the recent tax cuts for mom and pop businesses like CBA and WBC and BHP. Can't give it all away I guess.


I think the kind of "political correctness" and propaganda you have in mind are more race and religion related. If race and migrants and welfare cheats are the problem, I might be with you. But they're not.

Political correctness that we're hiding from are talks about the rich having it too good; or corporations screwing the country over and take all the welfare they're entitled to without any politician ever calling it that.

To have the elite and corporate power controlling the national interest and its narratives, then to add some sort of "strong man" leadership at the top... it might walk us away from pussying around but it'll take us further to where I'm sure you do not mean for us to go either.

 

[SirRumpole]

I think the kind of "political correctness" and propaganda you have in mind are more race and religion related. If race and migrants and welfare cheats are the problem, I might be with you. But they're not.

The political correctness I object to was seen with the furore over the Bill Leak cartoon. Police on the ground confirmed that the type of attitude they have to deal with was accurately represented by Leak's cartoon, and yet the shrill PC brigade turned the argument into a debate about whether Leak should have actually told reality rather that what should be done about the underlying problem.

There should be no licence for making things up or spreading false propaganda, comments should be factually based, but when they are the focus should be on the real issue, not harassing people who bring these issues to light.

 

[SirRumpole]

Is common sense finally starting to sink in for the Conservatives ?


NSW Planning Minister argues against negative gearing, wants focus on housing affordability crisis

New South Wales Planning Minister Rob Stokes has broken ranks with his federal Liberal Party colleagues on the issue of negative gearing, arguing the rules should change to help ease Sydney's housing affordability crisis.

Prime Minister Malcolm Turnbull ruled out changes to negative gearing during the election, and last month Treasurer Scott Morrison pressured the states by arguing they needed to release more land to boost supply.

But Mr Stokes said it made no sense that people were getting tax breaks on multi-million-dollar homes they own as investments, while others were struggling to get into the market.

He is scheduled to give a speech today to the Committee for Economic Development in which he says, while the Government welcomes investment in NSW, his primary focus is making sure Sydney families can enter the housing market.

Mr Stokes said supply alone would not solve the city's housing affordability problem.

"Earlier this year the NSW Government was ready, willing and able to have a discussion about tax. Disappointingly our leadership on this issue fell victim to the Canberra culture that promotes opposition over consensus," he says in the drafted speech.

"It's a major concern to me as Planning Minister of the most populous state, but also as a dad to three young children, of increasing reports that without parental support the dream of home ownership is becoming harder and harder to obtain.

"Surely the focus of the tax system should be directed towards the type of housing we need. Why should you get a tax deduction on the ownership of a multi-million-dollar holiday home that does nothing to improve supply where it's needed?

More at:


http://www.abc.net.au/news/2016-11-25/nsw-planning-minister-argues-against-negative-gearing/8056748