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The Forum > General Discussion > Budget deficit, a whole new level of incompetence.

Budget deficit, a whole new level of incompetence.

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Is it at all possible for anyone to be more incompitent than the man of the moment, Captain Credit, our (best the world has to offer) treasurer.

Could anyone possibly get it so wrong, so often, for so long.

I actually feel sorry for the gullible supporters he dragged along for the ride.

But hey, come September, he won't care, cause the mess will ne left to the coalition to sought out, ONCE AGAIN.
Posted by rehctub, Monday, 22 April 2013 7:59:26 PM
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What can you expect from this incompetent bunch of clowns, one prime example is the contracts signed that relate to the illegal welfare for lifers it was $8 BILLION dollars.

That does not include our Navy Taxi service or Federal police overtime etc.

The sooner the Government says NO to the economic invaders or just resigns the better for Australia.
Posted by Philip S, Monday, 22 April 2013 10:17:13 PM
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more treachery than incompetence.
Posted by runner, Monday, 22 April 2013 10:35:43 PM
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When Kev took over Labor had more money than sense.
Now they have no money and no sense.

Swan is a fiscal/economic imbecile. Nothing he has touched has worked in favour of our Commonwealth. I mentioned previously that I have a mate at the U.N. and he told me that Swan was an international laughing stock after his lecturing of the handful of delegates that stayed to listen to his fiscal rhetoric a few years back.

Swan the IMBECILE coupled with Gillard the LIAR delivers the LARGEST Commonwealth debt in our history. I have a mate who is intelligent, worldly, and on the face of it sound of judgment, but he will not vote for the Coalition because he hates Howard. He would rather see Australia fall than the Coalition gain power. I canít understand this line of thought.
Posted by sonofgloin, Tuesday, 23 April 2013 8:29:07 AM
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So far the comments on this issue are disappointing.

The budget balance of a currency issuing government should never be an aim. It is an outcome at the end of a defined period.

The aim of a currency issuing government should be to ensure that all the resources available in the country are employed for the benefit of the citizenry. If there are people capable of working one aim should be to see that work is available. There is plenty that could be done. About 12% of our citizenry are unemployed or underemployed.

If there are sections of the economy that are being parasitic on more worthwhile economic activities then the parasitic activities should be choked off.

Privatisation of efficient public owned enterprises such as the power industry, Telstra and the Commonwealth Bank converts those businesses to less efficient parasitic activities.

All economic activity should take into account long term aims such as what industries should always be available for the long term and what industries are likely to be temporary.

Only on QandA last night there was comment that the government was paying $20m per day in interest. That payment is upper class welfare agreed to by parliament. The government could simply owe its debt to the Reserve Bank which it owns on our behalf.

A currency issuing government can never not afford to pay for anything available for sale in exchange for the currency it issues.
Posted by Foyle, Tuesday, 23 April 2013 10:34:34 AM
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Foyle, I could only agree with you re government owned business if some way was found to stop empire building, & inefficiency.

Remember the old Telecom. Every job requiring a man to do it, had 6 watching him. After privatisation Telstra was still overstaffed after it had reduced staff by 60&.

Now if perhaps we had a rule such as the pay rate for any public service manager, & any university administrative staff, was inversely proportional to the number of employees they supervised, we could actually have public enterprise.

Meanwhile it is much cheaper for the consumer to be ripped off by your rapacious industry, than so called public servants.
Posted by Hasbeen, Tuesday, 23 April 2013 11:38:04 AM
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