The Forum > General Discussion > How can labor question anyone's figures
How can labor question anyone's figures
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Posted by individual, Sunday, 1 September 2013 11:47:45 AM
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individual,
"Anyway, how would you, as a staunch Labor supporter know what the Coalition will & will not do ?" Well, ho, ho... http://www.abc.net.au/news/2013-05-07/alberici-economic-comparisons/4672166 "In a recent study of 55 leading economies around the world, The International Monetary Fund identified four periods in Australian history when governments were engaged in "fiscal profligacy": they were in 1940, 1960 and between 2003 and 2007." "Back to that $96 billion "Labor debt" inherited by the Howard government in 1996 - which actually comprised $40 billion of Fraser government debt that carried through the Hawke-Keating years taking the true level of Labor debt in 1996 to $56 billion. Bringing down that debt wasn't all about constrained spending and higher taxes, in fact neither of those things were characteristics of the Howard-Costello years. Government asset sales between 1996 and 2007 worth $72 billion wiped the net debt out entirely with $16 billion to spare. With Joe Hockey as Coalition treasurer after September 14, Medibank Private could be the next to go for what was estimated during the 2010 election campaign would reap $4.5 billion." Let's read that again... "....Government asset sales between 1996 and 2007 worth $72 billion wiped the net debt out entirely with $16 billion to spare...." Get set for cuts and asset sell offs. Should be entertaining! Posted by Poirot, Sunday, 1 September 2013 12:45:52 PM
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"In a recent study of 55 leading economies around the world,
Poirot, Emma Alberici hosts ABC's Lateline program. Well, HO, HO to you too. Being in the pockets of the academic-heavy ABC really does give her unquestioned credibility eh ? Why don't these economic experts never disclose how much taxpayers money is squandered on them & the rest of the Peter Principle Hierarchy ? How much do we spend on our ex PM's, our ex Judges etc. i.e. people who are of even less use to us in retirement than when they were on full pay. Those would be figures far more realistic & interesting. Posted by individual, Sunday, 1 September 2013 3:56:05 PM
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individual,
The IMF carried out the study, not Alberici. Mr Howard sold all those assets to gain his surplus - fact. Posted by Poirot, Sunday, 1 September 2013 4:53:12 PM
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P,
That was a political statement if I ever saw one. From 2003 to 2007 saw the 4 biggest budget surpluses in Australian history, the lowest unemployment and the highest growth. Nice try but no cigar. Posted by Shadow Minister, Sunday, 1 September 2013 5:05:02 PM
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Poirot,
What and the IMF is not an academic/bureaucrat outfit that gets paid by Governments ? Are you perhaps trying to tell us the IMF is a revenue raising self-funding organisation? Posted by individual, Sunday, 1 September 2013 5:20:30 PM
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I think the Coalition will work on a more efficient public service & efficiency in general before resorting to such drastic measures such as selling off like you suggest. Anyway, how would you, as a staunch Labor supporter know what the Coalition will & will not do ? You're only guessing & scare-mongering. If Labor is leaving sufficient money (which I doubt) then the won't be any need to sell off. So, tell us how much Labor has left in the coffers ?
Labor is giving us an ear-bashing about black holes in the Coalition's costings. I don't hear them telling us about the black holes THEY created ? If they think there's not enough funding then that's an admission by them that they've blown all the money.