Opinion AUSTRALIAN Politics: Adelaide Board Discussion Part 5

[Eagleboy2011]

The cartoonist get it correct so many times.


BACK-TO-BACK SURPLUSES, THENSLIDING BACK INTO THE RED

CLARE ARMSTRONG - NATIONAL POLITICAL EDITOR

Australia’s federal budget bottom line will be $9.3bn in the black asTreasurer Jim Chalmers delivers the first back-to-back surplus in nearlytwo decades.But even with the significant turnaround since Treasury forecast a waferthin deficit of $1.1bn six months ago, the budget will slip back into the rednext over the forward estimates amid rising spending and higherunemployment.It comes after the federal government delivered its first surplus of $22.1bnlast financial year, with Mr Chalmers describing the second positive resultas a “powerful demonstration” of Labor’s responsible economicmanagement, which had made room for cost-of-living relief andinvestments in the future.“The forecasted surplus has come on top, not at the expense, of helpingthose doing it tough,” he said.“The budget will ease cost of living pressures, not add to them, andincentivise investment in a Future Made in Australia.”However by 2024-25 the budget bottom line will slip back into the red withweaker results than Treasury previously forecast in December.The budget position, however, will be stronger in 2027-28 when comparedto the December forecasts, which showed the budget still remained in thered.Over the next three financial years Treasury had expected combineddeficits of about $73.3bn, but it is now expected this result will be worsethan forecast.Finance Minister Katy Gallagher said since coming into office Labor hadfound more than $77bn in savings and reprioritisations to help the budgetbottom line.“We understand there’s still pressures on the budget, including spendingon the NDIS, aged care, hospitals, Medicare and debt interest,” she said.“That’s why we’ve put a premium on responsible economic managementthat strikes the right balance between strengthening the budget andfunding our priorities.”Speaking to his Labor colleagues in Canberra on Monday Prime MinisterAnthony Albanese said the budget would “make a difference” for allAustralians.“Our tax cuts for every Australian is a reminder that we want to represent… every single Australian,” he said.Mr Albanese said the budget was also focused on growing the economy forthe future.“The decisions that we make in this decade will set Australia up for thedecades ahead, and that is what a future made in Australia is about,” hesaid.Despite the upgrades to the budget bottom line this budget, gross debt isstill expected to head north of $1 trillion over the four-year forwardestimates period. Ahead of the budget Opposition treasury spokesmanAngus Taylor said the Coalition would propose to re-establish spendingrules that would ensure government spending growth did not outpaceeconomic growth at an unsustainable rate.“If Australian households are struggling with their budgets, and showingrestraint in their budgets, it’s time for the Australian government to showrestraint,” he said.Mr Taylor said Labor must re-establish the “fiscal rules” put in place bythe Coalition in the 1990s to have a structural budget balance “makingsure the economy grows faster than spending”

 

[Slippery Pete]

Are people in here wearing masks?

 

[kirky]

The cartoonist get it correct so many times.

View attachment 1988661
BACK-TO-BACK SURPLUSES, THENSLIDING BACK INTO THE RED

CLARE ARMSTRONG - NATIONAL POLITICAL EDITOR

Australia’s federal budget bottom line will be $9.3bn in the black asTreasurer Jim Chalmers delivers the first back-to-back surplus in nearlytwo decades.But even with the significant turnaround since Treasury forecast a waferthin deficit of $1.1bn six months ago, the budget will slip back into the rednext over the forward estimates amid rising spending and higherunemployment.It comes after the federal government delivered its first surplus of $22.1bnlast financial year, with Mr Chalmers describing the second positive resultas a “powerful demonstration” of Labor’s responsible economicmanagement, which had made room for cost-of-living relief andinvestments in the future.“The forecasted surplus has come on top, not at the expense, of helpingthose doing it tough,” he said.“The budget will ease cost of living pressures, not add to them, andincentivise investment in a Future Made in Australia.”However by 2024-25 the budget bottom line will slip back into the red withweaker results than Treasury previously forecast in December.The budget position, however, will be stronger in 2027-28 when comparedto the December forecasts, which showed the budget still remained in thered.Over the next three financial years Treasury had expected combineddeficits of about $73.3bn, but it is now expected this result will be worsethan forecast.Finance Minister Katy Gallagher said since coming into office Labor hadfound more than $77bn in savings and reprioritisations to help the budgetbottom line.“We understand there’s still pressures on the budget, including spendingon the NDIS, aged care, hospitals, Medicare and debt interest,” she said.“That’s why we’ve put a premium on responsible economic managementthat strikes the right balance between strengthening the budget andfunding our priorities.”Speaking to his Labor colleagues in Canberra on Monday Prime MinisterAnthony Albanese said the budget would “make a difference” for allAustralians.“Our tax cuts for every Australian is a reminder that we want to represent… every single Australian,” he said.Mr Albanese said the budget was also focused on growing the economy forthe future.“The decisions that we make in this decade will set Australia up for thedecades ahead, and that is what a future made in Australia is about,” hesaid.Despite the upgrades to the budget bottom line this budget, gross debt isstill expected to head north of $1 trillion over the four-year forwardestimates period. Ahead of the budget Opposition treasury spokesmanAngus Taylor said the Coalition would propose to re-establish spendingrules that would ensure government spending growth did not outpaceeconomic growth at an unsustainable rate.“If Australian households are struggling with their budgets, and showingrestraint in their budgets, it’s time for the Australian government to showrestraint,” he said.Mr Taylor said Labor must re-establish the “fiscal rules” put in place bythe Coalition in the 1990s to have a structural budget balance “makingsure the economy grows faster than spending”

Angus Taylor needs to re-educate himself. The budget surpluses Howard and Costello were from, yes you guessed it, bracket creep and now wait for it, high commodity prices. Who would have thought?

And they never had a structural surplus as well. Ole Angus might be getting dementia methinks.

So debt and deficit has become an issue again when strangely it wasn’t during the 10 years of Coalition rule and before the right wing nutties say Covid, the Coalition had doubled the national debt before Covid and had nothing to show for it.

 

[kirky]

I see the normal right wing posters can’t argue the actual legitimate points raised so they just use the laugh emoji. Wimps.

 

[relapse]

Angus Taylor needs to re-educate himself. The budget surpluses Howard and Costello were from, yes you guessed it, bracket creep and now wait for it, high commodity prices. Who would have thought?

And they never had a structural surplus as well. Ole Angus might be getting dementia methinks.

So debt and deficit has become an issue again when strangely it wasn’t during the 10 years of Coalition rule and before the right wing nutties say Covid, the Coalition had doubled the national debt before Covid and had nothing to show for it.

I heard him the morning complaining that the government is not cutting hard enough financially and is spending too much, but then the next minute he was arguing that the government needs to do more to provide cost of living assistance to Australians.

Not sure how a government is supposed to provide cost of living assistance while at the same time cutting back on government spending.

Given he has an economics degree I would have expected a little more than the same old rhetoric intertwined with usual buzz words.

 

[kirky]

I heard him the morning complaining that the government is not cutting hard enough financially and is spending too much, but then the next minute he was arguing that the government needs to do more to provide cost of living assistance to Australians.

Not sure how a government is supposed to provide cost of living assistance while at the same time cutting back on government spending.

Given he has an economics degree I would have expected a little more than the same old rhetoric intertwined with usual buzz words.

The issue is the journalists don’t pick him up how he is trying to walk both sides.

One can only hope he never becomes Treasurer. Are you sure it is a legitimate Economics degree and not one out of a Weeties packet.

 

[relapse]

The issue is the journalists don’t pick him up how he is trying to walk both sides.

One can only hope he never becomes Treasurer. Are you sure it is a legitimate Economics degree and not one out of a Weeties packet.

He's a Rhodes scholar and studied economics at Oxford so no doubt his degree has value.

My issue though is some of the gaffes he's had so far, even Sky News have questioned his ability at times.

He was originally touted as one of the new "high fliers" and a potential future Prime Minister, but I think his credibility has tanked after the council forged documents saga.

 

[Kane McGoodwin]

The issue is the journalists don’t pick him up how he is trying to walk both sides.

One can only hope he never becomes Treasurer. Are you sure it is a legitimate Economics degree and not one out of a Weeties packet.

Angus Taylor is one of the most dodgy politicians in the Australian parliament.

Just need to look at his involvement in the water buyback schemes & where the millions of dollars went.

He criticises both sides of issues, yet when pressed doesn't really offer any real solutions. He's cut from the Tony Abbott cloth.

 

[kirky]

He's a Rhodes scholar and studied economics at Oxford so no doubt his degree has value.

My issue though is some of the gaffes he's had so far, even Sky News have questioned his ability at times.

He was originally touted as one of the new "high fliers" and a potential future Prime Minister, but I think his credibility has tanked after the council forged documents saga.

Wasn’t Abbott a Rhodes Scholar?

Yeh, so him and Angus have cheapened it.

Angus Taylor is dodgy, no ifs, no buts.

 

[kirky]

Angus Taylor is one of the most dodgy politicians in the Australian parliament.

Just need to look at his involvement in the water buyback schemes & where the millions of dollars went.

He criticises both sides of issues, yet when pressed doesn't really offer any real solutions. He's cut from the Tony Abbott cloth.

As a Manager, if someone came up to me with a problem I always asked, did they have a possible solution?

If they didn’t then I asked them to think of one and that way we could work thru my possible solution and also theirs. Basic brainstorming. Seemed to work but also gave them ownership and they felt part of it not just a boss telling them what to do (on occassions that would occur at times tho).