doog, the reason, and I am sure you know, that the govt debt increase
was because Labour set up expenditure that could not be avoided and
blocked in the senate legislation intended to cut back expenditure.
Now you MUST know this unless you have been in a coma for a couple of years.
$80 billion of it was because the govt returned to the Reserve Bank
the money they had previously used to support the A$. That money was
removed from the RBA by Wayne Swan of Bail In fame when he was
scrambling for a surplus. Anyway it is still the governments money,
so it is not spent.

Many Labour supporters seem to think the rest of us forget these things.
Look, I am well aware that the Lib/Nat government is not perfect and
indeed they are completely clueless on what is going on with the economy.
Even when government organisations tell them that they are heading
for a disaster, eg BIER report 117 was removed from the government
web site by the Labour government because they could not let the
people know what is the state and situation of our energy resources.
The present government will not release it either.

The conservative mantra as usual "blame Labor", nothing new in that. What the conservatives wont admit is their government has proved itself to be economically incompetent, with its first budget a disaster, its second budget was only marginally better, but failed to deliver desirable economic outcomes.
What is the Abbott/Hockey future plan? When it comes to the economy, they simply do not have one. Sorry, yes they do "blame Labor" but that is wearing rather thin. The governments economic incompetence has seen a massive decline in revenue, whilst expenditure has continued to accelerate. Yet Cocky Joe only last week was touting his vote buying tax cuts, does anyone think such a move without the necessary expenditure and/or revenue adjustments is economically responsible?

Baz the figure you stated is suffering from inflation, the number was 8 billion not 80.

The more these blokes live in past history the more it turns people off. Todays govt; is not mentioned .

All govt; have forward estimates, that is required by parliamentary rules. Rechtub lives in a fantasy world, and avoids Abbott’s 100 billion $ expense account at all costs
.
Tax avoidance and tax evasion as against tax dodging. Seeing the iron ore miners situation does not comply with the first two scenario it is tax dodging. Selling to a third party in a foreign land for the purpose of dodging tax. This has got to be an offence against the supplying country of goods. If it is not it should be. Australians are under the impression we sell iron ore to China

So doog, what you're sayingnis that the ore miners should pay 30cent in the dollar on every dollar profit, as well as pay huge IR costs, royalties, as well as pay roll tax etc etc then, from what's left retain 12% on their investment then pay another 40 cents in the dollar by way of a mining tax. Yea right!

Get a grip, these businesses pay huge costs to do business here, generate billions in taxes but you want more.

Keep pushing and you will soon see what I mean, that's if it's not already too late as big business has literally shut up shoo here now.

Bhp make Billions in profit. if they can not survive from that well leave the mineral in the ground. [Nationalise iron ore mining ]

You are saying a deliberate tax dodge is ok. That does not make any sense at all. Our iron ore can only be sold once, we should not be in the business of giving it away.

It is the richest iron ore in the world, which means less work per ton to extract the good stuff from the dirt.

No tax dodge is ok, you are not talking good sense for condoning such practice.

Abbott, Araldite and dynamite
Disposing of a prime minister is not something that should be undertaken lightly. It should only occur when it is determined the people have stopped listening. When that happens to a political leader, they may as well pack up and go home

What I love is these wild and woolly brain farts from the left whingers. These vast rivers of gold to be mined that can yield $30bn p.a. comes from the same geniuses that told us that the mining tax would yield $9bn p.a. which yielded almost nothing, and that the FTTH NBN could be built for $27bn, and spent half of that building <5%.

The single biggest problem that faces these would be corporate raiders is that to change the tax system would mean unpicking decades of international law, and even if they could, the ATO has no ability to subpoena financial records from overseas businesses, and the low tax countries where these transfers occur are unlikely to stop protecting the companies that reside there and pay taxes there.

These implausible eureka moments from the left promising to fill in their budget holes sound too good to be true, and are likely to yield bugger all.