2013 Budget

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2013 Budget

Postby HBS Guy » 14 May 2013, 19:01

Baby bonus—gorn! To make way for NDIS/Gonski.
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Re: 2013 Budget

Postby Lefty » 14 May 2013, 19:48

Ok, gotta go then - budget doesn't start airing for another 10 minutes here. For a politico-economic tragic, it's kinda like being told the ending of a movie you haven't seen yet :bgrin See you after the budget :jump
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 19:55

Nah, that bit was pre_Budget. Budget speech will be in 36 minutes for me.
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 20:59

NDIS $14Bn Gonski $10Bn over 6 years

Econ 13% larger than before GFC, 950K more jobs 3 x AAA

$60Bn revenue write downs over next 4 years, $17Bn 12/13

Jobs first

Jobs and growth

$18Bn deficit 13/14 no austerity

Econ 24% bigger in 15/16 due putting growth first

Unemployment 13/14 projected 5.75%

Carbon price $12/ton lower cost, lower spending

Debt to peak at 11.4% of GDP

Easier for older people to downsize their homes—move to a unit I guess?

Spending cuts have made $180Bn savings cuts, $220Bn by 20/21


$9.8Bn addnl school funding
Extra $97m for Unies
NDIS the 460K disabled Aust get the support they need 2017/18. Medicare levy boosted 0.5%
Health funding up, cancer services etc, $770m closing the gap
$24Bn invest in infrastructure, road, rail
$12.9m forrural councils to be connected to NBN
$1Bn innovation in business
Alternative Pathways to the Trades Program—whatever that is, good I guess when priv sector not giving enough apprenticeships.
Defence capabilities

Cuts $43Bn over forward estimates
No baby bonus, no indexation some benefits
Cracking down on big business tax payments
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Re: 2013 Budget

Postby Lefty » 14 May 2013, 21:09

I won't spoil it then :bgrin As you would already know, Labor steadfastly refuse to take us down the path of European austerity, something they re-affirmed again this evening in the budget speech. Good! But I don't trust the coalition not to try and "fix" the government deficit (which is by definition, the private sectors surplus) by slashing deeply, European-style.......and then somehow expecting a different outcome to the Euro-train wreck.
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Re: 2013 Budget

Postby Lefty » 14 May 2013, 21:09

Ah - you got there ahead of me already.
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 21:12

Yup, my nightmare. I have a huge extended family I want to stay in employment! Unemployment brings family breakdowns, drug use, crime , suicide etc. Not good.
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Re: 2013 Budget

Postby Lefty » 14 May 2013, 21:17

Unemployment is one of the worst scourges. When do the opposition make their cretinous reply, so we can have a better idea of their plans should they win in September? Is it tomorrow night?
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 21:19

Thursday evening, same time.

Usual drinking game—A policy, DRINK! BOATS! DRINK!
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Re: 2013 Budget

Postby Lefty » 14 May 2013, 21:32

Haha, yup - if I downed a shot of rum for every three-word slogan the fibs tried to pass off as budget policy, I'd be unconscious on the floor in about 5 minutes.
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 21:39

Hah! Nelson had one policy—cut excise on petrol I think (A Tarago with a wheelchair in the back bwahahah)

Truffles said put 5¢ on cigarettes—didn’t want the plain packaging I think

Tone last year was BOATS, no policy
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Re: 2013 Budget

Postby Lefty » 14 May 2013, 21:51

I like the idea floated by Julia a while back - impose a tax on three-word slogans uttered on the right side of the house and the governments coffers would be full in a jiffy!
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 21:58

Must be worrying the LNP hardheads that Tone hasn’t moved beyond 3 word slogans YET! He probably can’t—which is why I reckon wheels are coming off his wagon big time.

Getting sick of being told we will hear about this or that later, in good time, before the election. These turkeys been agitating for an election for 3 years—haven’t they got things worked out yet? (I presume not, Hockey was woeful on the ABC Budget analysis, absolutely woeful.
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Re: 2013 Budget

Postby HBS Guy » 14 May 2013, 22:06

Wish Swan had been more adventurous, done something like this: http://wp.me/p30JJG-56

If the Libs come in, GST will go to 20%, big tax cuts to rich bastards chump change to those doing it tough, deepening the austerity and consequent recession.
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Re: 2013 Budget

Postby HBS Guy » 15 May 2013, 08:53

Abbott:

Will not proceed with Gonski, will remove schoolkids bonus. Not a believer in education it seems.

Abbott: “Educational outcomes have been going backwards not forwards over the past few years, even though Billions of extra $ have been pumped into schools”.


That is because of the broken Howard funding model.

Still blathering about his PPL massive middleclass welfare scheme where women on low and medium incomes pay higher prices so millionaire women can be paid $75K to pop out a brat. I would MUCH rather my numerous great nieces and nephews got a decent education than rich bitches got paid $75K to breed.

Rabbiting on about revenues have grown 8% this year, that we have a spending problem not a revenue one—so expect cuts, expect austerity, recession and unemployment with an 8 in front of it. Then they will cut again, unemployment has a 10 in front of it, productivity down, inflation up. Good they won’t come in to govt—I can see the wheels coming off his wagon, BOATS gone, PPL might be the rope that hangs him on election day. Hockey the Buffoon is astute enough to have backed right off austerity talk, Tone still talking austerity

Govt have budgeted for a fair bit of advertising—still anybody’s election to win.

(TV interview on ABC TV.)
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Re: 2013 Budget

Postby Lefty » 16 May 2013, 12:58

Leith Van Onselen - not a Labor supporter - predicts that the coalition's reply will be total crap (like we didn't know that anyway) and will play to the elctorates misunderstanding of economic matters by claiming that the long boom that ended with the GFC was basically engineered by Howard .

Tonight’s Budget reply speech from Tony Abbott is set to be yet another display of “small target” politics.

We can expect the Opposition leader to bag-out the Government’s financial record, all the while recycling the myth that the former Coalition Howard/Costello Government was a sound financial manager, a view debunked recently by the International Monetary Fund as well as on this blog. Expect also to hear grandiose claims about how the Coalition will manage the economy much better than Labor, bringing the Budget into surplus sooner, with minimal if any detail provided about how they will achieve this claim.

According to the ABC today, the Opposition remains intent on “delivering a package of tax cuts for families without a carbon tax”, suggesting the Budget deficit could potentially worsen under the Coalition, unless offsetting cost savings can be found. Indeed, the Coalition’s strong insistence that it would remove the mining and carbon taxes once elected looks to have painted it into a corner, making it that much harder to return the Budget to surplus.

For its part, the Government is expected to release figures today showing that if the opposition does not support key decisions in the budget, it will be $50 billion in deficit over the forward estimates.

My advice to readers is to ignore the Budget dross. The fact remains that the Budget is likely to stay in deficit for the forseeable future, irrespective of who wins office in the upcoming election, as the three strong headwinds – falling commodity prices (terms-of-trade), slowing mining-related capital expenditures, and ageing demographics – continue to bite.

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Re: 2013 Budget

Postby HBS Guy » 16 May 2013, 17:29

Stuff like NBN will be supporting employment and start to lift the GDP once a fair whack has been rolled out.

Don’t understand the Libs canning it, well apart from wall to wall austerity.
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Re: 2013 Budget

Postby Lefty » 16 May 2013, 22:19

Just tried to read Abbot's reply but it was such drivelous crap that I can't keep reading it this late at night.
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Re: 2013 Budget

Postby HBS Guy » 16 May 2013, 23:04

Saw a couple seconds. Same tiresome drivel “the carbon tax WILL go!” Tone, no one gives a flying fuck about the Carbon Price! Fancy using the Budget Reply for drivelous crap like that! Nobody believes he will get rid of it.
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Re: 2013 Budget

Postby HBS Guy » 16 May 2013, 23:34

Abbott is a slimy grub which should be crushed underfoot:

THE Coalition has refused to allow a federal Labor MP to return to Sydney to look after her sick 14-month-old baby, forcing her to sit in parliament to watch Opposition Leader Tony Abbott’s Budget reply speech tonight.

http://www.news.com.au/national-news/ns ... 6643689970
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