How uselessly pathetic was that budget?
- Thread starter lizzie
- Start date
Weekly checkups?
I have a suspicion that the cash handouts won't improve Labor's chances at all in the election. People have simply stopped listening to this bumbling circus that we have for a Government.
+1
What I find so hypocritical about this budget is they say it is typical labour budget helping out people in difficulty. On one hand they give out free cash handouts to people who by world standards would be considered fairly well off but on the other hand they reduce their assistance (in % terms rather than $ terms) to neighbouring poor countries whose citizens would probably benefit more than middleclass Australians IMHO. A few hundred dollar handout would hardly change ppl's life here..but I think it would make a big difference to a citizen of a poor country.
But I guess we all know the real reasons is to please the voting population and buy some votes.
Cheers,
Oracle.
How is the priority policies shaping up under this government?
$1.5 billion budget surplus vs impact of Carbon Tax:
"The government will make the necessary cuts by purchasing certified emissions offsets on the international market, including shares in schemes to lock up tropical rainforests in countries like Papua New Guinea. Under an anticipated $37 a tonne carbon price, about $3.7 billion a year would be funneled offshore by 2020."
Source: The Australian | 10/July/2011
"Treasury’s forecast of a carbon price of $131 by 2050 means that Australia will be putting $57 billion in today’s dollar terms into the hands of foreign clean energy schemes to reach Australia’s own abatement target."
Source: The Daily Telegraph | July/14/2011
"Only 25 per cent of emissions reduction comes from the tax itself and that by 2020 we’ll be buying 100 million tonnes from offshore, including basically $3.5 billion going offshore every year ,and now we know from today’s papers that that will rise to an offshore purchase of $57 billion in 2010 terms by 2050."
Source: Greg hunt | 14/July/2011
And the leakages (haemorrhages) to the Australian economy continues through the refugee asylum farce, etc.
$1.5 billion budget surplus vs impact of Carbon Tax:
"The government will make the necessary cuts by purchasing certified emissions offsets on the international market, including shares in schemes to lock up tropical rainforests in countries like Papua New Guinea. Under an anticipated $37 a tonne carbon price, about $3.7 billion a year would be funneled offshore by 2020."
Source: The Australian | 10/July/2011
"Treasury’s forecast of a carbon price of $131 by 2050 means that Australia will be putting $57 billion in today’s dollar terms into the hands of foreign clean energy schemes to reach Australia’s own abatement target."
Source: The Daily Telegraph | July/14/2011
"Only 25 per cent of emissions reduction comes from the tax itself and that by 2020 we’ll be buying 100 million tonnes from offshore, including basically $3.5 billion going offshore every year ,and now we know from today’s papers that that will rise to an offshore purchase of $57 billion in 2010 terms by 2050."
Source: Greg hunt | 14/July/2011
And the leakages (haemorrhages) to the Australian economy continues through the refugee asylum farce, etc.
i had this same complaint with a friend back when the first $900 was rolled out.
I said i would prefer they spend the cash on fixing roads.
my mate said " no way this is going to pay for some new rims on my car"
he bought the rims and a week later stuffed one driving through a huge pothole.
Yes i laughed at him.
I said i would prefer they spend the cash on fixing roads.
my mate said " no way this is going to pay for some new rims on my car"
he bought the rims and a week later stuffed one driving through a huge pothole.
Yes i laughed at him.
here's a snippet of what i'm seeing on FB this morning >
ever thought it's just you in the minority, here?
How is the priority policies shaping up under this government?
$1.5 billion budget surplus vs impact of Carbon Tax:
"The government will make the necessary cuts by purchasing certified emissions offsets on the international market, including shares in schemes to lock up tropical rainforests in countries like Papua New Guinea. Under an anticipated $37 a tonne carbon price, about $3.7 billion a year would be funneled offshore by 2020."
Source: The Australian | 10/July/2011
"Treasury’s forecast of a carbon price of $131 by 2050 means that Australia will be putting $57 billion in today’s dollar terms into the hands of foreign clean energy schemes to reach Australia’s own abatement target."
Source: The Daily Telegraph | July/14/2011
"Only 25 per cent of emissions reduction comes from the tax itself and that by 2020 we’ll be buying 100 million tonnes from offshore, including basically $3.5 billion going offshore every year ,and now we know from today’s papers that that will rise to an offshore purchase of $57 billion in 2010 terms by 2050."
Source: Greg hunt | 14/July/2011
And the leakages (haemorrhages) to the Australian economy continues through the refugee asylum farce, etc.
kudos - plusminimum10postcharachterlimit
I reckon Mr Swan did a good job,although attention is never focused on the direct or non direct balance of payments aspects of overseas investments that?? play on the end of day balance sheets and the way Mr Swan-Miss Gillard
read them..
That's how I feel. By the time it is meant to matter, the Libs will get in and we will have a new budget that affects us.
Ironically, it this was not the case I would be saying some aspects made sense:
- raising the tax free threshold raises productivity by encouraging mums back on the workforce. If a 1M mums all work only 1 extra day a week you have significant factor.
- taking single mum allowance away moving to the lower DOLE when the child is aged 8 rather than 16 discourages career welfare
On the down side:
The removal of the 1% business tax is anti growth. It encourages businesses to spend every cent. Especially with the new deprecation rates for cars, etc...
Frankly, I am surprised Labor did not "salt the earth" for the Libs. Give heaps and cut hard and then let then work out how to pay for it without more taxes.
Overall, for us here, interest rates have nowhere to go but lower IMO. That is only thing that may revive our economy.
My 2 cents, Peter 14.7
Just checked a couple of calculators in the paper and based on the tax cuts I will be $3 per year better off next FY from tax cuts, but over $600 worse off from the impact of the carbon tax.
Why do we bother working to get ahead when these muppets in power decide it is better to take from those who try to get ahead and give to those who don't give a rats ar$e.
What a pity we have to wait 12 months to vote because I have my baseball bat out now and am practising a fly ball over the fence.
Why do we bother working to get ahead when these muppets in power decide it is better to take from those who try to get ahead and give to those who don't give a rats ar$e.
What a pity we have to wait 12 months to vote because I have my baseball bat out now and am practising a fly ball over the fence.
I thought it was quite a good budget considering the world economic environment right now. And no, you didnt say anything about it being a Labor budget, but i know if it was a Liberal one. You wouldnt have called it 'uselessly pathetic'
I may be technically wrong Evan (and nice to see you picking up on technicalities but glossing over the actual content of the post), but there is no doubting that the economy is rat**** and the policies that this Government are implementing are simply making it worse.
Now to make it worse they spew out another budget which again breaks earlier promises and takes from those who try to get ahead to pass onto those who don't.
We all know how you feel when it comes to politics Evan but face the facts - the majority of Australians cannot wait to get rid of the current Government, and this budget is simply to buy votes in a pathetic bid to stay in power.
Luckily enough from what I am seeing most people can now see through the lies and charades.
so lets see - "jobsjobsjobs" has turned into no support for the people providing the employment and more taxes.
Wow that's a big change, glad I sold my NSW house 18 months ago.
It could encourage some non residents to sell now rather that slowly see the tax on their gains increase while the gain itself decreases as price slide further.
maybe a more appropriate picture.....?
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