Jim CHALMERS

[Mofra]

I'm seeing unemployment rising now.
All the signs are there, real jobs have disappeared to be replaced by hire and part time which are taken as real jobs(they are not).
The amount of full time jobs has crashed putting us into a dangerous situation, hang on to your hats as it's gonna get ugly.

What are you basing that on?

The March 2023 Treasury figures have an unchanged 3.5% unemployment rate and the labour market increasing by 53,000 people.
The participation rate is 66.7%, close to the all time high of 66.8% set in November 2022.

 

[Sqotty from office works]

What are you basing that on?

The March 2023 Treasury figures have an unchanged 3.5% unemployment rate and the labour market increasing by 53,000 people.
The participation rate is 66.7%, close to the all time high of 66.8% set in November 2022.

Geelong

Full time listed jobs falling uncontrollably.
Part time hour jobs rising.
Don't care what government forecasts are.
Full time employment done, house payment preasure rising daily with worse to come.
Air bnbs hires down and interest rates driving owners to rent them( which is a good thing)
Chew on a fat bit of rope for 5 years I think.

 

[Mofra]

Geelong

Full time listed jobs falling uncontrollably.
Part time hour jobs rising.
Don't care what government forecasts are.
Full time employment done, house payment preasure rising daily with worse to come.
Air bnbs hires down and interest rates driving owners to rent them( which is a good thing)
Chew on a fat bit of rope for 5 years I think.

So observation of one part of Australia?

I'm not disputing that people are doing it tough, but the government has to make decisions based on data for the entire country rather than just observations from one local area.

Unemployment is barely a concern in the middle of a labour shortage. Cost of living and housing concerns are both far greater issues.

 

[Sqotty from office works]

So observation of one part of Australia?

I'm not disputing that people are doing it tough, but the government has to make decisions based on data for the entire country rather than just observations from one local area.

Unemployment is barely a concern in the middle of a labour shortage. Cost of living and housing concerns are both far greater issues.

Haven't disagreed with what this government has done!
Just full time employment done.

 

[Blue Arrow]

Where is my $275 power savings this muppet promised?
Liars just like all of them.

 

[Kwality]

Blame the previous government for relaxing lending rules and allowing the banking industry to inflate house prices in the middle of a pandemic ….. those cronies?

Tell that to the people battling to live week to week.

So observation of one part of Australia?

I'm not disputing that people are doing it tough, but the government has to make decisions based on data for the entire country rather than just observations from one local area.

Unemployment is barely a concern in the middle of a labour shortage. Cost of living and housing concerns are both far greater issues.

 

[Kwality]

Jim Chalmers can return the federal budget to balance within nine years: PwC Australia​

No doubt there is hope even in this uncertain world.

'Jim Chalmers can return the budget to balance within nine years and reduce debt to near zero by 2045 if the government cuts spending by $50bn or more over a decade, expands its aggressive savings drive and reins in exploding NDIS, defence, aged care and general health costs.
PwC Australia modelling obtained by The Australian reveals the government must implement a long-term budget repair strategy and avoid baking in higher expenditure if it is to minimise net debt and interest payments.

While soaring commodity prices and windfall tax revenues are projected to deliver a lower $15bn deficit in 2022-23 – a significant improvement on record Covid-era deficit and debt levels – the burden on taxpayers will worsen if the government baulks on “hard choices”, the modelling says.'

https://www.theaustralian.com.au/nation/politics/jim-chalmers-can-return-the-budget-to-balance-within-nine-years-pwc-australia/news-story/bfd00b46e0103dd42c5e3d05cfb8eaa3

 

[Home Alone]

Jim Chalmers can return the federal budget to balance within nine years: PwC Australia​

No doubt there is hope even in this uncertain world.

'Jim Chalmers can return the budget to balance within nine years and reduce debt to near zero by 2045 if the government cuts spending by $50bn or more over a decade, expands its aggressive savings drive and reins in exploding NDIS, defence, aged care and general health costs.
PwC Australia modelling obtained by The Australian reveals the government must implement a long-term budget repair strategy and avoid baking in higher expenditure if it is to minimise net debt and interest payments.

While soaring commodity prices and windfall tax revenues are projected to deliver a lower $15bn deficit in 2022-23 – a significant improvement on record Covid-era deficit and debt levels – the burden on taxpayers will worsen if the government baulks on “hard choices”, the modelling says.'

https://www.theaustralian.com.au/nation/politics/jim-chalmers-can-return-the-budget-to-balance-within-nine-years-pwc-australia/news-story/bfd00b46e0103dd42c5e3d05cfb8eaa3

I find your level of 'Tunnel Vision' to be uniquely interesting and disturbing.

So, to summarise the article, the solution to our budget and debt woes is an austerity package that makes Thatchet look like a raving Socialist.

If only the LNP took that to the last election.

On SM-A515F using BigFooty.com mobile app

 

[peetoo]

Jim Chalmers can return the federal budget to balance within nine years: PwC Australia​

No doubt there is hope even in this uncertain world.

'Jim Chalmers can return the budget to balance within nine years and reduce debt to near zero by 2045 if the government cuts spending by $50bn or more over a decade, expands its aggressive savings drive and reins in exploding NDIS, defence, aged care and general health costs.
PwC Australia modelling obtained by The Australian reveals the government must implement a long-term budget repair strategy and avoid baking in higher expenditure if it is to minimise net debt and interest payments.

While soaring commodity prices and windfall tax revenues are projected to deliver a lower $15bn deficit in 2022-23 – a significant improvement on record Covid-era deficit and debt levels – the burden on taxpayers will worsen if the government baulks on “hard choices”, the modelling says.'

https://www.theaustralian.com.au/nation/politics/jim-chalmers-can-return-the-budget-to-balance-within-nine-years-pwc-australia/news-story/bfd00b46e0103dd42c5e3d05cfb8eaa3

Let’s cut all the fat consultancies to such as pwc and keep strategies for more than 3-5 years and really get value, eh mr pwc?

That’s not even ‘hard choices’ just common sense

 

[Rob R]

Jim Chalmers can return the federal budget to balance within nine years: PwC Australia​

No doubt there is hope even in this uncertain world.

'Jim Chalmers can return the budget to balance within nine years and reduce debt to near zero by 2045 if the government cuts spending by $50bn or more over a decade, expands its aggressive savings drive and reins in exploding NDIS, defence, aged care and general health costs.
PwC Australia modelling obtained by The Australian reveals the government must implement a long-term budget repair strategy and avoid baking in higher expenditure if it is to minimise net debt and interest payments.

While soaring commodity prices and windfall tax revenues are projected to deliver a lower $15bn deficit in 2022-23 – a significant improvement on record Covid-era deficit and debt levels – the burden on taxpayers will worsen if the government baulks on “hard choices”, the modelling says.'

https://www.theaustralian.com.au/nation/politics/jim-chalmers-can-return-the-budget-to-balance-within-nine-years-pwc-australia/news-story/bfd00b46e0103dd42c5e3d05cfb8eaa3

Getting rid of contractors will save a fortune especially given most of the products they deliver just restate the bleedingly obvious.

Sent from my SM-A125F using BigFooty.com mobile app

 

[Kwality]

I find your level of 'Tunnel Vision' to be uniquely interesting and disturbing.

So, to summarise the article, the solution to our budget and debt woes is an austerity package that makes Thatchet look like a raving Socialist.

If only the LNP took that to the last election.

On SM-A515F using BigFooty.com mobile app

Its an opinion piece that is relevant heading into Budget night.

FYI, I am no fan of the use of consultants OR the big 4.

I get your need for misplaced personal criticism of anything that challenges you : 'uniquely interesting and disturbing' indeed.

 

[Home Alone]

I get your need for misplaced personal criticism of anything that challenges you : 'uniquely interesting and disturbing' indeed.

You will need to elaborate. What exactly is my need? And why am I challenged?

You can call me cynical but when you post

No doubt there is hope even in this uncertain world.

with a quote and link to an article based on "modelling obtained by The Australian" (read an unsolicited email discovered in the inbox), I naturally assume that you are in agreement with the premise of the article as support of your position.

I acknowledge that budget repair and debt needs to be addressed. I do not accept that premise of the article you posted that a reduction to budget spending (without calling it austerity) is the only option. It maybe part of the solution, but not to the extent that the author of the article is championing for.

Hence, this is your opportunity to show to me that there is more substance to your posting.

 

[Kwality]

I naturally assume that you are in agreement with the premise of the article as support of your position.

Its a discussion not a statement of support.
Assume ass - u - me, not me thank you.

I know to 'the rusted on' its my mob is better than your mob, but budget repair is not that simple (imho).

 

[Home Alone]

Its a discussion not a statement of support.
Assume ass - u - me, not me thank you.

I know to 'the rusted on' its my mob is better than your mob, but budget repair is not that simple (imho).

There is nothing to discuss. It is of little relevance because it is of a simplistic solution to a very complex problem (which you now acknowledge) and looking at the problem from one side of the equation.

I would spend more time chatting, but I need to draft an email to Communist Daily, with my premise being the repair to budget deficit and debt is to increase Personal and Company tax rates to 90%. When published, I will post a link here and we can discuss.

But both positions are equally absurd.

 

[Kwality]

There is nothing to discuss. It is of little relevance because it is of a simplistic solution to a very complex problem (which you now acknowledge) and looking at the problem from one side of the equation.

I would spend more time chatting, but I need to draft an email to Communist Daily, with my premise being the repair to budget deficit and debt is to increase Personal and Company tax rates to 90%. When published, I will post a link here and we can discuss.

But both positions are equally absurd.

Keep on assuming.

 

[Ohitsthatguy]

KWALITY

ONE

TWO

THREE

GO!

 

[Kwality]

Perfect storm brewing for housing market and it could make buying your own home a pipedream

Against all logic and decades of previous experience, housing prices appear to have not just stabilised but turned the corner, writes Ian Verrender. This isn't supposed to be happening.

www.abc.net.au

'One of the givens in economic management in recent decades has been that lower interest rates generally spur asset prices. And the opposite holds true too: Higher rates lead to lower lending levels and a lift in forced sales.'

Good luck with the budget Jim.

 

[Seeds]

While I agree with some of the greens policies I largely suspect they have those good policies for the wrong reason.

Their demand for chalmers to intervene and overrule the RBA on monetary policy is insane. Its third world stuff.

 

[Not Important]

big tick for jim’s management of the economy after the mess that was left. not that being regarded a better economic manager than the utter incompetent disaster that was victorian hater frydo is much of a stretch.

 

[Kwality]

China & the resources sector rescued Aus during the GFC & it continues to do so.
When China sneezes we get a cold.

The assumptions around resources pricing will again be an insight into the income of the Feds & the States.

 

[Not Important]

succinct and beautifully worded.

 

[Not Important]

geez. the a.m.a actually gives credit to labor. wonders will never cease.

 

[Kwality]

geez. the a.m.a actually gives credit to labor. wonders will never cease.

You dont hear from those who do okay from a Budget.

 

[Geelong_Sicko]

Where is my $275 power savings this muppet promised?
Liars just like all of them.

It'll end up being like this scheme here

https://www.energy.gov.au/rebates/power-saving-bonus-all-victorian-households

Do you apply for that one?

 

[Kwality]

Not good news for anyone looking to blame the previous Government:

'Treasury secretary Steven Kennedy says the economy probably peaked in September last year.

“The economy likely reached a cyclical peak in the September quarter last year, and is now transitioning to a more balanced position between supply and demand,” he said in an opening statement to a Senate hearing on Tuesday morning.'

PwC tax leaks LIVE UPDATES: Gallagher and McKim clash over donations from consultancies

The finance minister hits back at claims from the Greens that consultancies have a “corrupting influence” on the government; WA health minister wins a ballot putting her in the box seat to replace Mark McGowan. Follow updates here.

www.afr.com