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The Forum > General Discussion > Has the Coalition DOUBLED Australia's deficit? Yes, and here's the proof.

Has the Coalition DOUBLED Australia's deficit? Yes, and here's the proof.

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Chrisgaff1000, your question has already been answered. Please read the post by 579, directly above your post. You didn't even read it?
Posted by Nhoj, Thursday, 8 May 2014 7:33:37 PM
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AND, they have managed to double the deficit.
Nhoj,
Where's the evidence for that ? ABC sources I imagine ? Nhoj, Nhoj, wank wank, know what I mean ?
That list by 579 does not include ALP cronie public servants who sabotage the Coalition's every attempt to rectify things.
You gave Labor several years without complaint even after ample proof of mismanagement, so don't jump the gun just yet with the Coalition.
Posted by individual, Thursday, 8 May 2014 8:32:30 PM
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Individual wrote, "Where do you have evidence for that" (regarding the inept Coalition's doubling of the deficit).

Poor individual, he can't read, or even click on links. Individual, please go to the first post and actually click on the link, and make at least "some" effort to ... wait for it ... READ IT. Become educated.

It shows the "proof" (not mere evidence) and the sources are:

(1) The Pre-Election Economic and Fiscal Outlook, PEFO.

(2) Senate Estimates Economics Legislation Committee.

(3) The Mid-Year Economic and Fiscal Outlook, MYEFO.

(4) Parliamentary Budget Office analysis 13th March 2014.

(5) Joe Hockey.

(6) RBA Governor, Glenn Stevens.

(7) Hansard Standing Committee on Economics

(8) Commission of Audit report "Towards Responsible Government"

(9) Treasury secretary Martin Parkinson

There's many more sources Individual, but I'm sure by the time you got to number 2 or 3 on the above list you would have lost interest, as it would all be just way too hard for "you" to comprehend.

Individual's in denial. For ideological reasons He refuses to acknowledge that the Coalition has DOUBLED the deficit.
Posted by Nhoj, Thursday, 8 May 2014 10:13:07 PM
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Facts are only facts Ludwig. Nothing more, nothing less. Measuring "good" GDP and "bad" GDP is a nonsensical concept

>>...all the economic activity generated by these bad things, which is just countering or repairing the damage and not at all improving the pre-damage economic situation, gets ADDED to GDP<<

Not "added to", Ludwig. The correct term is "included in".

>>Economic activity which genuinely indicates economic advancement, improving prosperity and increasing standard of living and quality of life, gets lumped with stuff which doesn’t indicate anything of the sort…. and it is all held up as being of the same value!!<<

That's because it actually does have the same value. It cannot have any other.

The measure of things getting better is of course GDP per capita. Which continues to improve, despite the fires, cyclones and sickness, because production elsewhere in the economy keeps us ahead of the game.

If the fires became big enough, the cyclones destructive enough, and the sickness pervasive enough, GDP would suffer, and GDP per capita would follow suit. This is of course the absolute opposite of your earlier assertion of "increased economic turnover as a result of fires, floods, cyclones, illnesses due to smoking or alcohol, etc, etc."

These events do not increase GDP. However, the economic activity associated with them - the fireman's pay, the nurses pay, the builders pay etc.etc. - are necessarily included in GDP.

How else could it be recorded?

Think of it this way: if there were no cyclones, no disease, no bushfires, would GDP decrease? Because that is what your theory would require, if their presence somehow increases GDP.

Can you see that now? Can you now recognize the fatal flaw in your assertion that "GDP... adds all sorts of negative factors to the positive side of the ledger, such as increased economic turnover as a result of fires, floods, cyclones, illnesses due to smoking or alcohol, etc, etc"

Can you?
Posted by Pericles, Thursday, 8 May 2014 11:14:34 PM
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For ideological reasons He refuses to acknowledge that the Coalition has DOUBLED the deficit.
Nhoj,
If you know how much they have doubled it then what whas is caused by ? What did they spend money on, how did they increase the debt etc etc. Is this a serious impairment to make up for the ALP disaster or can you be on the road to recovery even with a deficit ? Qld for example pays 4 billion a year just in interest for the Labor mess. That's just interest ! Yet the employment rate has gone up. What is the fedeal employment rate, do you know ? Deficit on the world scheme of things is a handy catch phrase for anyone in opposition but what does it really do economically ? Tell us what the deficit does to our everyday life in comparison to paying interest on ALP debt ?
Posted by individual, Friday, 9 May 2014 6:31:52 AM
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FACTS ARE CLEAR
joe hockey gave 9 billion to the fed..THIS IS PRE HIS OWN BUDGET/and the key question then becomes was it in labours buDGET.. if not he spent IT..SIMPLE

john joward cit 20 billion tax cuts revenue
IF ITS BUDGETED IT FAS ON HIM

how is there any debate.qld debt=85 bilion..[intrest =4 billion]
BUT THE FED DEBT-30 BILION?..YET SOME lIB YESTERDAY SAID INTREST 12 BILLION...the numbers dont add up.

HERE WE ARE.with the best house on THE STREET
EVERY OTHER HOME IS MORTGAUGED TO THE HILT..BUT WE FOR SOME REASOn want more..CREDIT..SO WE MUST 'PAY-OFF'..THE DEBt..so we can lend more to buolD MORE TO PRIVATRISE OFF TO OUr mates.at one tenth the cost price

hangon
someobes getting the short ENBD OF THE STICK
[IE THE DEBT..WHO IS GETTING THE PAQYOFF/yet we bail them out/ONY TO BORROW..IT BACK..ONY TO INCREASE THE TAXES/GIVE MORE TO its mates

when will you dear shadow..JOIN US INSTEAD OF DEFENDING THE UNDEFENSABLE/SPEND WITHIN YOUR MEANS/WE WIL ALLOW A BIGGER DEBT
Paying intrest of 4 billion to hold assetS OF 85 BILION THATS A BARGEN

thre big [ionly question]..then bevcomes what are the assets thIS 85 BILION SPENT HAS BOUGHT..[BUT NO WE ARNT GETTING EVEN THE DAMm asset..just the debt/and ever more revenue raiding ideas

qlds latest IS TO SEND OUT BILLS HOPING WE PAY
like 6 may i was in court/fined 300..yet got the bil todaY=403.50

via something called an offender 'levy'
we get the taxation/but no representation..now we get a freaking levy>

BUT THE JUDGE DIDNT ORDER NO LEVY
BUT WHEN I DONT PAY UP THEY TAKE MY LICENCE/my rego my house
FOR 3000 UNPAID FINES THEY put a lien on mY HOME/350.000..home

now tHEY GOING TO Collect. aN offender levy

by what right>?

http://rss.infowars.com/20140507_Wed_Alex.mp3
Posted by one under god, Friday, 9 May 2014 8:02:42 AM
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