Trumponomics

[Random Rooster]

unfair to judge a presidency after such a short time but opinion polls are saying the yanks aren't happy

Thats is true....but he campaigned about what was changing from "Day 1".

However he is a politician and come election time politicians lie - so why should or would he be any different? There are plenty of things on that list he may be able to put in motion at a later date....and he has plenty of time till the mid-term elections.

For all those who have voted for him now having "buyers regret" what did they expect? He said he was going to shake things up to the core and that is exactly what he is doing. They just have to go along for the ride- he will become the greatest president in US history or the absolute worst.

While i admit i'm actually enjoying watch him go nuts on the executive orders, its alarming the way he is treating America's allies- in particular Canada. The BS about the 51st state and calling their president "governor" is one thing....but publicly declaring that " without the US they have no defence because they have no military" is just irresponsible, incorrect and arrogant. Indicating they will be taking Greenland and the Panama Canal " one way or the other" and then trying to pressure a country that you share a huge border with into become part of your country, all has a very Russian feel to it.

Im not sure why Albo thought Australia would be exempt from any of the tariffs- Its America first, everyone else last! Tomorrow is a new day, who knows whats next!

[Barron's Dream]

Trump is revolutionary. He will make America truly great again.

[Random Rooster]

Trump is revolutionary. He will make America truly great again.

They were never truly great but they did have some great leaders - Theodore Roosevelt, Dwight Eisenhower, JFK, Ronald Reagan and i believe the one of greatest leaders in history Franklin D Roosevelt.

Id love to bring them all back to see the shambles of American politics of today....especially Ronald Reagan

[Barron's Dream]

President Trumps second term will be the greatest of any president.

[Random Rooster]

President Trumps second term will be the greatest of any president.

and he is off to a flyer! We should all show him support and buy a Tesla!!

[caz]

Thats is true....but he campaigned about what was changing from "Day 1".

However he is a politician and come election time politicians lie - so why should or would he be any different? There are plenty of things on that list he may be able to put in motion at a later date....and he has plenty of time till the mid-term elections.

For all those who have voted for him now having "buyers regret" what did they expect? He said he was going to shake things up to the core and that is exactly what he is doing. They just have to go along for the ride- he will become the greatest president in US history or the absolute worst.

While i admit i'm actually enjoying watch him go nuts on the executive orders, its alarming the way he is treating America's allies- in particular Canada. The BS about the 51st state and calling their president "governor" is one thing....but publicly declaring that " without the US they have no defence because they have no military" is just irresponsible, incorrect and arrogant. Indicating they will be taking Greenland and the Panama Canal " one way or the other" and then trying to pressure a country that you share a huge border with into become part of your country, all has a very Russian feel to it.

Im not sure why Albo thought Australia would be exempt from any of the tariffs- Its America first, everyone else last! Tomorrow is a new day, who knows whats next!

i'm not confident he'll come out of this as the greatest president or that he knows what he's doing but often political actions have unintended consequences and hopefully this time those unintended consequences will be benign but they'd need a lot to go america's way

[Random Rooster]

i'm not confident he'll come out of this as the greatest president or that he knows what he's doing but often political actions have unintended consequences and hopefully this time those unintended consequences will be benign but they'd need a lot to go america's way

A convicted felon with four bankruptcies—what could possibly go wrong?

[Random Rooster]

This great Republican put his country first....

https://www.youtube.com/watch?v=5t5QK03KXPc

[King Salvo]

Yeah exactly. I can’t access mine till I reach preservation age but that is getting very close.

Which fund you in MR?

I am fortunate enough to be in the original fund (NSW Public Sector) which is not affected by the share market - around 55 to 60% of your final salary CPI indexed for life when you retire at 60 - if I croak it and Mrs Salvo is still kicking she will receive 5/8's of it for her life.

Our Mother was receiving $2950 a fortnight at the end from our Father's super(he passed in 1986) until she passed in 2011. - PMG/Telecom.

[horrie hastings]

Which fund you in MR?

I am fortunate enough to be in the original fund (NSW Public Sector) which is not affected by the share market - around 55 to 60% of your final salary CPI indexed for life when you retire at 60 - if I croak it and Mrs Salvo is still kicking she will receive 5/8's of it for her life.

Our Mother was receiving $2950 a fortnight at the end from our Father's super(he passed in 1986) until she passed in 2011. - PMG/Telecom.

Sort of the same here Salvo, the better half is in the original State Super so in the same boat, so if anything happens i would receive 5/8's. Mine is tied in Rest super and as i'm still officially on the works books so still contributing, it was sitting just at the sweet spot i was happy with not long ago but has taken a bit of a hit of late. Will have to go and see a financial adviser as i am at the point where i can access my super and ready to get out of work full time ( even though i haven't worked since for around 6 months now ).

My father also worked the PMG/ Telecom line and was on a reasonable wicket when he retired, not sure how he invested it afterwards though as i didn't have a lot to do with him for many years.

[mightyrooster]

Which fund you in MR?

I am fortunate enough to be in the original fund (NSW Public Sector) which is not affected by the share market - around 55 to 60% of your final salary CPI indexed for life when you retire at 60 - if I croak it and Mrs Salvo is still kicking she will receive 5/8's of it for her life.

Our Mother was receiving $2950 a fortnight at the end from our Father's super(he passed in 1986) until she passed in 2011. - PMG/Telecom.

I’m in the Commonwealth Superannuation Scheme - PSS. Not the original one but its replacement, so second best. It’s since been closed like the original. Hubby was lucky enough like you to be in the original one as he joined as a 19 year old and within 12 months of joining they closed it and tried to get everyone to switch over to the new scheme - mine. Luckily his parents advised him to stay put. When I joined, the original was already closed. His is a defined benefit scheme so the pension is based on the final accumulation balance and a set multiplier based on age at exit. Fully indexed. Mine is similar but not as good. Still better than what’s there now and what most in the private sector would have. My balance isn’t as large either as I took a fair bit of LWOP and LSL while the kids were little and eventually quit to be a SAHM. You can change investment options a maximum of twice per year, choosing between the cash (low risk) or default (higher earning, higher risk) options. You need to be careful choosing because of the twice yearly limit as you don’t want to be stuck in the high risk option for the rest of a year when there’s a market downturn or GFC or Covid Crisis for instance.

I count ourselves very lucky. Well lucky the other half joined just before the original scheme closed.

Forgot to add, I think I get 2/3 of whatever his pension is if he should go first. It’s any wonder the government had to change these schemes as they were clearly unsustainable.

[King Salvo]

I’m in the Commonwealth Superannuation Scheme - PSS. Not the original one but its replacement, so second best. It’s since been closed like the original. Hubby was lucky enough like you to be in the original one as he joined as a 19 year old and within 12 months of joining they closed it and tried to get everyone to switch over to the new scheme - mine. Luckily his parents advised him to stay put. When I joined, the original was already closed. His is a defined benefit scheme so the pension is based on the final accumulation balance and a set multiplier based on age at exit. Fully indexed. Mine is similar but not as good. Still better than what’s there now and what most in the private sector would have. My balance isn’t as large either as I took a fair bit of LWOP and LSL while the kids were little and eventually quit to be a SAHM. You can change investment options a maximum of twice per year, choosing between the cash (low risk) or default (higher earning, higher risk) options. You need to be careful choosing because of the twice yearly limit as you don’t want to be stuck in the high risk option for the rest of a year when there’s a market downturn or GFC or Covid Crisis for instance.

I count ourselves very lucky. Well lucky the other half joined just before the original scheme closed.

Forgot to add, I think I get 2/3 of whatever his pension is if he should go first. It’s any wonder the government had to change these schemes as they were clearly unsustainable.

Yes, I remember they tried to get us SSS members (Original Fund) to switch to the NSW PS SASS fund as well, which was the second fund and probably similar to the one you are in at the Commonwealth Level - $ 5k first, then $25k and then $50k. No one took up the offer.

I was part of a working party with our union, NSW PSA (You would be covered by the CPSU) on this as a lot of pressure was being put on members of the SSS fund to switch - numerous phone calls/emails and letters.

They already had a problem with female members of SSS who could retire at 55, but they had "lost" their applications as they could nominate 55 or 60 as a retirement age and thus access their super benefits at either age. This was before Tax Free Super at 60.

Our NSW PSA took it to court and won, so any female members, if they so wished, could retire at 55 and for SSS members to stop being "harassed" to switch funds and the NSW Government to stop offering so-called monitory "incentives" to switch funds.

Oh I forgot -NSW SASS members faced the same " incentives" to switch to First State Super which was the new Super fund at the time replacing SASS - SASS members received a 15% employer contribution.

Another court case the same as the SSS one plus the refusal to pay the Superannuation Guarantee increases as it was argued the 15% Employer Contribution was above the Superannuation Guarantee rate so only have to pay any increase when it exceeds 15%

NSW PSA won that case surprisingly with the assistance of the mandarins i.e NSW Gov SES ( Senior Executive Service) and now PSSE ( Public Sector Senior Executive) who a number were members of SASS.

NSW PS SASS members receive the superannuation guarantee increases

[A Country Member]

What’s this about Trump being illiterate?

I mean, I’m all for inclusiveness and jobs for the less abled, but surely you need to be able to read competently when leader of the ‘free’ world.

Mummy…. Keir..?

[mightyrooster]

Yes, I remember they tried to get us SSS members (Original Fund) to switch to the NSW PS SASS fund as well, which was the second fund and probably similar to the one you are in at the Commonwealth Level - $ 5k first, then $25k and then $50k. No one took up the offer.

I was part of a working party with our union, NSW PSA (You would be covered by the CPSU) on this as a lot of pressure was being put on members of the SSS fund to switch - numerous phone calls/emails and letters.

They already had a problem with female members of SSS who could retire at 55, but they had "lost" their applications as they could nominate 55 or 60 as a retirement age and thus access their super benefits at either age. This was before Tax Free Super at 60.

Our NSW PSA took it to court and won, so any female members, if they so wished, could retire at 55 and for SSS members to stop being "harassed" to switch funds and the NSW Government to stop offering so-called monitory "incentives" to switch funds.

Oh I forgot -NSW SASS members faced the same " incentives" to switch to First State Super which was the new Super fund at the time replacing SASS - SASS members received a 15% employer contribution.

Another court case the same as the SSS one plus the refusal to pay the Superannuation Guarantee increases as it was argued the 15% Employer Contribution was above the Superannuation Guarantee rate so only have to pay any increase when it exceeds 15%

NSW PSA won that case surprisingly with the assistance of the mandarins i.e NSW Gov SES ( Senior Executive Service) and now PSSE ( Public Sector Senior Executive) who a number were members of SASS.

NSW PS SASS members receive the superannuation guarantee increases

Yeah Mr MR (lol that sounds weird) told me the same thing. He said he was constantly harassed to swap and as a 20 year old at the time he had no idea. Luckily his father advised him to stay put and while it didn’t seem worth it at the time with all the inducements on offer, he told him it would be in about 35-40 years time. I also remember many of my older colleagues talking about it at the time. The other half and I hadn’t met at this point in time.

[horrie hastings]

Yeah Mr MR (lol that sounds weird) told me the same thing. He said he was constantly harassed to swap and as a 20 year old at the time he had no idea. Luckily his father advised him to stay put and while it didn’t seem worth it at the time with all the inducements on offer, he told him it would be in about 35-40 years time. I also remember many of my older colleagues talking about it at the time. The other half and I hadn’t met at this point in time.

The original State Super is the gift that keeps on giving, my partner went straight into it after leaving school and also the same was getting pestered into changing it along with other work colleagues but they all stood strong and living very comfortably now. Push comes to shove both of us could live of it but with my super which is untouched at the moment and also what is looking like a reasonable inheritance coming up when it happens i will be pretty well off if i was by myself.