Treasurer's Budget 2009

[Guest]

So last night Wayne Swann unveiled the budget for the coming year. Malcolm
Turnbull will do the reply tommorow night. Some key elements of the budget:
- 18 weeks paid parental leave by 2011
- The qualifying age for to get a pension will increase to 67 but 2023
- Defence organisations will set a plan to produce $20 billion in the next 10 years
- $1.5 billion for clinical training facilities and hospitals
- $4.5 billion will go to a Clean Energy Initiative to support low emission technologies and create low pollution jobs

http://www.smh.com.au/national/federal-budget-2009 for full details

Thoughts on it?

[stsae]

Oh God, dont stop, make Ginger pop.

[Guest]

Thoughts are our PM has no ****ING IDEA what he is doing and is sending our country into further debt....

He is a pea brained idiot who wold be better suited to director of an RSL club, not the running of a country.....

We are SCREWED.....

[Rooster_6]

^^^^

What she said.

[Billy Gunn]

On a global scale our debt in tiny compared to other developed nations

What is wrong with Debt.....hand up who is not in any debt ? I know I couldn't save up to pay for my house with cash.

The opposition focussed on dept and basically said they would do nothing but wait the recession out......Labour may get it wrong who knows but at least they have had a crack at trying to keep the economy ticking.

[Guest]

On a global scale our debt in tiny compared to other developed nations

What is wrong with Debt.....hand up who is not in any debt ? I know I couldn't save up to pay for my house with cash.

The opposition focussed on dept and basically said they would do nothing but wait the recession out......Labour may get it wrong who knows but at least they have had a crack at trying to keep the economy ticking.

There is no hand up emoticon but if there was I would have used it

No Debt here mate


The opposition said they would have had a lesser more targeted stimulus package so you amongst others have fallen for the Labor lie mate.

In the 1920/1921 depression US President Warren Harding did nothing and let the economy correct itself it was a painful 12 - 16 months but it lead to great economic prosperity during the 1920's.

In 1929 US President Herbert Hoover and then newly elected President Roosevelt in 1932 interfered massively in the economy and caused the great depression to last for over a decade. Reminds me of what Bush and Obama have been doing since the shit has hit the fan over the past year.

[Guest]

Thoughts are our PM has no ****ING IDEA what he is doing and is sending our country into further debt....

He is a pea brained idiot who wold be better suited to director of an RSL club, not the running of a country.....

We are SCREWED.....

Yes there are many who have NFI when it comes to commenting on economic policy.

[Guest]

Thoughts are our PM has no ****ING IDEA what he is doing and is sending our country into further debt....

He is a pea brained idiot who wold be better suited to director of an RSL club, not the running of a country.....

We are SCREWED.....

Oh please like the libs have any better plans. Turnbull just sits back and blasts everyone's policies but ironically has none of his own. Go figure

Just a retart sitting back and heckling the government.

[Guest]

Oh please like the libs have any better plans. Turnbull just sits back and blasts everyone's policies but ironically has none of his own. Go figure

Just a retart sitting back and heckling the government.

I never said they have better plans.......Cant stand turnbull, cant stand Rudd....what are you going to do.....

But only a half wit would give away the surplus we had for a rainy day, long beofre the irst raindrops fell.....now when the flood arrives we will all be up a creek without a paddle.........

[Guest]

I never said they have better plans.......Cant stand turnbull, cant stand Rudd....what are you going to do.....

But only a half wit would give away the surplus we had for a rainy day, long beofre the irst raindrops fell.....now when the flood arrives we will all be up a creek without a paddle.........

Yet every other government in the world is doing the same thing.Mass job losses would have acurred by now without this stimulus packages have so far prevented,and the economy looks to be heading upwards.Money well spent in my books.

[Billy Gunn]

There is no hand up emoticon but if there was I would have used it

No Debt here mate


The opposition said they would have had a lesser more targeted stimulus package so you amongst others have fallen for the Labor lie mate.

In the 1920/1921 depression US President Warren Harding did nothing and let the economy correct itself it was a painful 12 - 16 months but it lead to great economic prosperity during the 1920's.

In 1929 US President Herbert Hoover and then newly elected President Roosevelt in 1932 interfered massively in the economy and caused the great depression to last for over a decade. Reminds me of what Bush and Obama have been doing since the shit has hit the fan over the past year.

and when pressed for details all he could come up with was increase excise tax !!

So should the US have let AIG, The banks and car companies go broke?

So you are telling me that trying to stimulate the economy is a bad thing?

[Guest]

Yet every other government in the world is doing the same thing.Mass job losses would have acurred by now without this stimulus packages have so far prevented,and the economy looks to be heading upwards.Money well spent in my books.

Exactly right. There is some logic behind the madness.

[supermario]

i just find it funny, the libs want to replace means testing private health cover with increased taxes on ciggys......yet they are opposed to the tax on alcopops.......where is the logic there???

[Guest]

Yet every other government in the world is doing the same thing.Mass job losses would have acurred by now without this stimulus packages have so far prevented,and the economy looks to be heading upwards.Money well spent in my books.

They are all idiots and hostages to Keynesian Economics

[Guest]

and when pressed for details all he could come up with was increase excise tax !!

So should the US have let AIG, The banks and car companies go broke?

So you are telling me that trying to stimulate the economy is a bad thing?

Yes debt has to be flushed out of the system for any meaningful and sustainable economic recovery to take place. These companies are poorly run and need to be broken up, good bits sold off to other well run companies. Sure it would be quite painful for many people for a few years. But that is far better than the decade long depression the US is heading for due to the incompetence of the politicians on both sides over there.