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Victorian Politics

Jees your a hard man Knobby.
Pesutto called her a Nazi, refused to apologise and doubled down with a fake dossier.
He only has himself and the rest of the weak Liberal party to blame.
Someone should have told him at the beginning to back off, but the large male ego just would not allow it.
The Liberals have a problem with strong willed women, Deeming being one of them.
Deeming did not drive him to bankruptcy, it was pretty much his own stupidity.
He had numerous opportunities to settle before it went to court.
Mick
 
He's not a hard man, he is a fool... And Pessuto is an absolute Muppet trying to play identity politics against his own party, a moron of highest order, possibly a true misogynist. He has managed his party and should resign from politics altogether.
 
An obvious supporter of Moira Deeming penned the following:
Pretty much sums him up.
But still he blue bloods cheer him on.
I see that the likes of Jeff Kennet and Ted Bailiau are calling for people to support him and donate to the fund set up o pay his costs.
None are as blind as those who will not see.
Mick
 
Could be the bind leading the blind, by the nose.
 
What is it in the water down there?
Micheal Kroger
Richard Maryles
John sekta
Andrew Bolt
Norm Gallaghar
The crim beaten to death in prison with bicycle seat post
The Melbourne Club

Are they all drinking from the same font?...The Broard street pump would be proud.
 
It has to be something in the water it can't be anything else.
 
So what was it that occurred in 2020 to cause a jump in debt?
it can't just be the COVID, because the increase in debt just kept going long after the COVID pandemic became just a memory.
Mick


Mick
 
So what was it that occurred in 2020 to cause a jump in debt?
it can't just be the COVID, because the increase in debt just kept going long after the COVID pandemic became just a memory.
Mick
View attachment 199851

Mick
They discovered with the Covid lockdown that they could do whatever the hell they want and the sheeple will bow before them and increase their majority at the next election
 
More, more they, the good citizens of Victoria say: we want more, they will pay:
Absolutely abysmal..but i am sure a few will get more $100 bills in their pockets vs the naughty LNP racists budget.
Really stunning, how can anyone have so much disregard to their own country...
 
Poor management or just plain incompetence.
 
So what was it that occurred in 2020 to cause a jump in debt?
There was a theory doing the rounds known as MMT (Modern Monetary Theory, not to be confused with Methylcyclopentadienyl Manganese Tricarbonyl ).

In short, MMT basically says that governments can spend as much as they like without consequence, that debt is not a problem.

Fundamentals say it shouldn't work, since ultimately money itself is not a resource but rather it is a claim on real physical resources (human and material), and that being so the notion of unlimited spending being possible requires an unlimited supply of physical resources which clearly is not the case in reality.

Suffice to say I'm not a fan of this theory but it seems the Victorian government is.

Victoria's situation sounds all very much like that of circa early-1990's with just two key bits missing. First is they can't sell the SEC and the Gas & Fuel this time to raise $ billions, since they've already been sold, and second is the premier hasn't yet sung on national TV, although given the number of singing talent shows around these days I'm sure that could be organised.
 
Cancellation of belt and road

Suburban Rail Loop , North East Link and Tunnel Rail will probably cost about $100b
 
The large cost blowouts in all of the major projects in Victoria have certainly not helped the bootm line.
But projects eventually get "finished" and the capital costs stop.
However, the addition of more people does not only not stop over time, but indeed gets worse as employees get wage rises and more "worker friendly" conditions.
Victorias tax revenue has consistently been outstripped by its wages bill, so that extra has to be covered by either borrowings or federal grants and GST recovery.
And that does not include any of the capital works projects,


The expected budget revenue or the 2025 year shows payroll taxed as the biggest component of its self generated income.
If things go pear shaped and business in Victoria starts to shed employees, their biggest revenue genrator will decrease.



Mick
 
Well Mick, it isn't as though it wasn't obvious to all and sundry, that Dan's spendathon was going to end badly.
Just another example of irresponsible spending, of other people's money.
 
Viva Energy’s plans to build a gas import terminal at its old Geelong refinery approved; offshore exploration permits stalled/ denied


Only in Australia could the lack of government forethought – added to the intractable self-interest of gas exporters – have led to this outcome rather than, for example, a domestic gas reservation set when the projects were originally approved. Or just piggybacking potential new discoveries on existing infrastructure and expertise
 

WA Labor extends Woodside license (and federal Labor this week) lots of protests but has to happen and then you have Victoria WTF is going on down there?
 
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