Oh and can you explain to this simpleton why Hockey has added $80 billion to the deficit in 18 months?

Is there a GFC I've missed...a stimulus?

Hi Poirot,

No probs: commodity prices have fallen dramatically in 18 months. Hence less tax. Hence less revenue. Hence bigger gap between committed expenditure and revenue received.

You might have to wait until Week 2 of Eco 1. The tutes are really valuable, don't miss them :)

Joe

That right Loudmouth, less tax as Abbott's multinational mates get away with paying less than 1% tax. So much for Tax Em' Tony!

Beach, I thought you would still be shell shocked, with one of your hero's, 'Hard Boiled' Newman getting unceremoniously rolled the way he did. Good on the Greens for being able to run 67 candidates, giving 170,00 plus voters a democratic alternative choice. Did your mob run any candidates? Was the Jason Deller your pick? He fits the mould.

I say Paul, Loudy,

Did yer catch Abbott's crappy speech to the NPC?

Drrrripping with slogans and not much else, it was delivered to his backbenchers in an effort to stop them hauing out the catapult.

He's still a goner, but they're going to have to lever him out.

Should be entertaining.

And Lol!, Joe....you waffled on about the nasty debt Labor left - didn't mention the GFC - but when I enquire about LNP debt, out yer come with:

"... commodity prices have fallen dramatically in 18 months. Hence less tax. Hence less revenue. Hence bigger gap between committed expenditure and revenue received."

Oh, you mean there was a reason?

So Hockey gave the RBA nearly $9 billion buckeroos because - commodity prices falling?

Poirot,

What's your point ? Commodity prices have fallen, tax revenue falls. But spending commitments stay the same, so ..... surprise ! Bigger deficit. QED.

And yes, Abbott will be gone by the end of the week. Who are you going to slag then ? Is that your concept of 'politics', Abbott or not-Abbott ? Oh dear, perhaps you need to enrol in Politics 1 as well :(

Joe