Pensions in firing line?

Are pensions in firing line for the Commission of Audit?

Pensions in firing line?

While newly elected Prime Minister Tony Abbott has been keeping a low profile, Treasurer Joe Hockey called a press conference yesterday to announce two major initiatives. One is the establishment of a Commission of Audit to review government spending and identify possible cuts, led by Chairman of the Business Council of Australia, Mr Tony Shepherd. Other members of the four-person panel are the former Liberal senator, Amanda Vanstone, former Treasury Secretary Tony Cole, state bureaucrats Peter Boxall and Robert Fisher. The commission’s brief is to identify duplication, wasteful spending and improve efficiency. It will release an interim report in January and a final report in March. Most experts believe five months is a very tight time period for such ‘ambitious’ terms of reference.

Despite the pre-election promises by both Mr Hockey and Prime Minister Abbott that there would be no cuts to health, medical research, education or defense, it seems Mr. Hockey is allowing himself some wiggle room, declaring on the ABC’s 7.30 Report that savings within these departments could still be rolled out. Former Treasurer Peter Costello noted that there are some entitlements that the Government cannot ‘keep affording to pay’. And the terms of reference of the commission indicate its ability to consider ‘co-payments, incentives and user charges’. So is the Age Pension in the firing line for the Commission of Audit? Quite possible, given Mr Hockey’s comment on his concerns about the ‘impact of Australia’s ageing population’.

Almost as an after thought, the second announcement at the press conference was Mr Hockey’s intention to raise Australia’s debt ceiling by a massive 67 per cent, from $300 billion to $500 billion. The Treasurer noted that projections show the country will reach its current ceiling in December this year and he wanted a ‘buffer’ to provide stability and remove his need to return to Parliament for extra debt allowances. He compared Australia’s need for stability to that of the USA, as evidenced by recent events, although our current debt ceiling of $300 billion is dwarfed by that of the USA’s $17 trillion.

Read more at SMH.com.au

Watch Annabel Crabb interview Mr Hockey

L-Plate Treasurer wants more debt

What a difference a day makes. As does moving from Opposition to Government. In Opposition Mr Hockey felt that raising the debt ceiling by $50 billion was a catastrophe. Now he is Treasurer, he wants an extra $200 billion as a buffer. Last night on the ABC’s 7.30 Report, Mr Hockey was interviewed by fill-in host, Annabel Crabb. Ms Crabb did a mighty fine job of asking Mr Hockey how this increase in our debt ceiling is consistent with a party which repeatedly stated ‘Australia must live within its means’ when in opposition. Mr Hockey defended his position, stating, “I can’t stop the debt which Labor has accrued”. Ms Crabb pursued her point, asking if the proposed Paid Parental Leave scheme was consistent with ‘living within our means’ and if public funding of Ministers attendance at weddings, sporting events and buying investment properties in Cairns was also deserving of scrutiny.

What was not asked, but also needs to be noted, is that appointing two members to the Audit Committee from the (very) big end of town – the Business Council of Australia – is a clear signal that the social welfare sector will have very little impact on expenditure review and possible cuts in Mr Hockey’s first budget in May next year.

So what is going on here? We are in free-fall, economic crisis, and debt up to our ears one day, when Labor is in power, and now casually jacking up that debt ceiling by 67 per cent as a buffer. Some buffer! The sheer arrogance is so breathtaking, it’s almost admirable. Mr. Hockey was sworn in as Treasurer on 18 September. He has been in this role for barely five weeks. His L-plates are brand new and squeaky clean. And yet he wants an extraordinary level of debt to give himself massive leeway to run our economy. And will rush through an audit of our Government spending, advised by business leaders and former Liberal cronies. Should we be worried? Yes, we should. Are older Australians dependent on the Age Pension at risk? Definitely. Centrelink services are now moving online and call times are stretching out to hours, not minutes, as they battle to handle current social service clients. Things will only get worse. Mr Hockey should take his role seriously and move slowly and carefully. Jacking up our debt ceiling by 67 per cent is a scandalous and dangerous first move.

What about you? Do you think the request for an extra $200 billion in debt ceiling is reasonable?





    COMMENTS

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    23rd Oct 2013
    11:35am
    " Should we be worried? Yes, we should. Are older Australians dependent on the Age Pension at risk? Definitely.

    Absolute Rubbish
    ghoti
    23rd Oct 2013
    12:47pm
    That's a constructive comment, Jag - well done! Care to tell us why you think the Age Pensioners are not at risk?
    Anonymous
    23rd Oct 2013
    4:03pm
    Indexed pensions of politicians and hacks are safe. What we will see is a 'natural attrition' approach of miniscule rises to make it look good for the common rabble pensioner.

    I've already addressed this on the Oz Politics forum - re one of the member of this 'commission' and her receipt of yet another handout from the infinite taxpayer purse - and predicted the the cry will be 'we can't afford pensions' and ' we can't afford pay rises' (for the rabble, followed three weeks later by the House Entire voting a 15-30% rise for itself).

    Just who is WE - white woman? (adds LMAO smiley)
    surfer
    23rd Oct 2013
    4:22pm
    Ghoti---- He used some gray matter, do you have any?????
    Kaye Fallick
    23rd Oct 2013
    6:07pm
    Comment removed as we don't refer to others as 'idiotic' on this site. Feel free to disagree but please don't abuse.
    Anonymous
    24th Oct 2013
    1:23am
    Arrh...Urfer, me mate. Australian's spell GREY as well GREY and NOT like the USA with GRAY. So what were you saying about 'Grey matter'.

    In response to HOCKEY's disgusting and embarrassing announcement. SINCE WHEN DO GOVERNMENTS derogate and delegate their FISCAL RESPONSIBILITY to a small but ELITE section of the community to DRAFT GOVERNMENT POLICY for and on behalf of the people of Australia.

    Remember that glittering exclusive $500 minimum per head gala fundraising dinner that ABBOTT attended whereby Tony Abbott, Gina Rinehart and Rupert Murdoch took turns sharing the stage (infamous Andrew Bold was MC)? Before the election in April or thereabouts.

    Abbot praised his fellow key-note speakers, especially Rupert, and promised the crowd a "BIG YES" to a 'wish list' compiled and presented at the dinner by an extreme hard line Think Tank (funded by the wealthy) which detailed 75 policies to RADICALLY transform Australia.

    Such things as:
    - Public broadcasting - gone. The ABC broken up and sold off, SBS to be fully privatised (Lib. branch proposal has already ratified this)
    - Corporations to be allowed to make secret payments to political parties (another word for it, is CORRUPTION)
    - Medicare gone for most Australians
    - A return to WorkChoices but using a different name
    - The clean energy fund and the renewable energy target - scrapped
    - Funding for sport and arts (including the Aust Inst of SPORT) - AXED
    - Funding for science scrapped and CSIRO (a very wealth generating organisation) privatised
    .........to name just a few on the list.

    Never before has the extreme conservative agenda been laid out so clearly and we have already seen some of these things commenced or put on government agendas.

    These (mostly) FOREIGN large CORPORATIONS don't do ANYTHING for anyone but THEMSELVES. Their aim is simply to suck out the wealth from Australia for themselves and their shareholders. Leaving very little for the balance of Australians.

    THINK ABOUT IT......since when did Corporations work for the betterment of any country... it is against their constitution and directors could get sued by the shareholders IF they put a country above their PROFIT motive.

    They want to turn Australia into the USA where 1% holds 90% of the wealth with NOTHING for the average Australian (benefits, services, infrastructure, etc.) George Bush, a bit of a joke all round, was THEIR conduit... Tony Abbott will be ours.

    I repeat.... what right has HOCKEY to derogate and delegate FISCAL RESPONSIBILITY to a elite segment of the community whose ONLY MOTIVE is PERSONAL and CORPORATE GAIN.
    Mike Butler
    23rd Oct 2013
    11:44am
    I have absolutely no idea who Kaye Fallick is, or what economic credentials she might have, but to lambast Joe Hockey as an L plate Treasurer, when he has inherited the mess left by six years of Labour incompetence is a bit of breathtaking arrogance! We already know that Labour's mess is likely to blow out to $450 billion in the near future, so what is Ms Fallick suggesting --- that we allow Australia to slide into the unfortunate position that has just confronted the USA?
    Anonymous
    23rd Oct 2013
    12:49pm
    Joe Hockey will do a good job, and it will take some years before all the waste of billions is cleaned up. Labor has left the government in a disgusting mess with a blow out of debt round 400 billion. This has to be paid off plus the interest. Of course many things have to be trimmed including all the dead wood arriving at work with little to do and getting ridiculous salaries and entitlements. I hope they go hard enough, and clean the system up once and for all. Labors waste has to be wiped out completely.
    Anonymous
    23rd Oct 2013
    1:33pm
    I also have no idea who Kaye Fallick is or what credentials she holds.
    At a guess she is either married, living with or in some way connected with someone in the Labor party.
    The people of Australia gave the previous "government" years to sort out the mess but we want Joe Hockey to sort it out in five minutes. What happened to the old Ozzie "fair go".
    As far as the trimming of useless fat it is well overdue.
    You want the best harvest you weed out the non productive.

    With regards to pollies using their funds inappropriately most I have heard are years old but now are front line news. So much for co-operation between parties.
    Do not get me wrong the misuse of public monies is not on but it is obvious the sore losers are raking over the bones of the past.

    In conclusion,I do not agree with parental paid leave. You decide to have the few/several minutes of "fun time" and as a result bring a new life into the world then YOU look after it. Most of our current financial dependance on government hand outs is due to 2 wage families. Indeed much of our employment problems could be solved with fewer 2 wage families.

    "Oh but you need to both work to get by" I hear.

    The reason you have to work to "get by" has been perpetuated by 2 wage families wanting too much in the past. It has become a self sustaining feature of our current life.Now the majority have heaps more than they need "to get by"
    Anonymous
    23rd Oct 2013
    1:57pm
    Yes, we only have to look at the brilliant work of our fabulous West Australian LIBERAL Premier - Colin Barnett, to see what top-class economic managers they are!

    Let's see - Barnett has wasted a total of $289M of West Aussies money on rebuilding a totally rusted-out coal-fired power station that will only return $15M profit over the next 25 yrs, in a best-case scenario.

    This $289M of taxpayers funds was poured down the drain, despite a promise that the power station refurbishment "wouldn't cost the taxpayers a cent - it will be 100% private enterprise funded" (precise Barnett quote).

    http://www.watoday.com.au/wa-news/barnett-hedges-on-muja-debacle-20130626-2owpg.html

    Barnett has blown Western Australias State debt out from $3.6B under the previous Labor Govt to something approaching a projected $28 BILLION by 2016!
    He can't blame Labor for this - it's all LIBERAL spending on LIBERAL projects!

    http://www.abc.net.au/news/2013-09-18/wa-loses-aaa-credit-rating/4965982

    Barnett has lost the State's prime AAA+ credit rating by his pathetic economic management - which costs the State a higher level of interest rate on borrowings - but Barnett declares that loss of credit rating nothing more than a slight embarrassment! What a total tool!!

    Barnetts list of broken election promises puts him in the league of the uncontested winner, with regards to political lying and arrogance towards the States voters! You can't believe a single thing this lying, twisting weasel comes out with!!

    http://www.news.com.au/national/breaking-news/voters-angry-at-barnett-broken-promises/story-e6frfku9-1226688715004

    We are enduring massive power price increases under Barnett (3 times the inflation rate - around 7% increase a year) - we have dozens of promised projects eliminated from being carried out - we are enduring reduced funding to schools, hospitals and other important infrastructure - all the while Barnett proceeds with a massive waterfront development in Perth, that no-one but Barnett wanted!!

    How I love it when these Liberal stooges claim what fantastic money managers the Liberals are!!
    Barnett's economic shambles makes the worst Federal Labor wastage look positively mild by comparison!!
    Aloysius
    23rd Oct 2013
    2:27pm
    I don't understand how the Federal Government is responsible for State management apart from distribution of tax revenue to the States and bullying them about its use. Are you going to blame the federal Government for the mismanagement of local councils and any contractor who underperforms?
    Anonymous
    23rd Oct 2013
    6:08pm
    Who said anything about the Federal Govt being responsible for State expenditure??
    Talk about twisting the argument around - you should join Barnett - you and he make a good pair of story twisters.

    If you read the first paragraph of my previous post, you will see I'm on about LIBERALS bragging about what superior economic managers they are, as compared to Labor.

    Nothing could be further from the truth.We have had as many bad economic managers under LIBERAL Federal Govts as we have had under Federal Labor.

    Now Joe Hockey raises the Govt limit for borrowings - blaming the need to do so on the previous Labor Govt - when it merely gives him the ability to borrow more than Labor ever did - and spend the money on Liberal projects to help out his rich mates.
    These people are totally unbelieveable. I wonder how long they'll be trying to blame everything on the previous Labor Govt? What a cop-out.
    Kaye Fallick
    23rd Oct 2013
    6:09pm
    Hi Bofor and Mike
    I am Kaye Fallick
    I am a co-owner of this website.
    I don't live with amd am not related to anyone in the Labor Party.
    I think any new Treasurer - 5 weeks - has L-Plates, regardless of their political persuasion.
    Hope this answers a few of your questions
    cheers
    Kaye
    sensible senior
    23rd Oct 2013
    7:36pm
    well kaye all the sites you have put up are 100% against this government, i think that joe has had a lot of time as opposition treasurer i definately do not think he has l plates and now i can see why some people can get away with rude remarks and other cannot, so if you are co-owner of this site i think i would be fair for you not to push your remarks etc on people who post on here
    Aloysius
    24th Oct 2013
    12:07am
    Aaron's fallacious attempt to show that the Federal Treasurer should be assessed by the performance of the WA State Treasurer fails the logic test. Talk about grasping for straws.
    Anonymous
    24th Oct 2013
    1:56am
    SS
    Being a radical hard liner, we sympathise with you.

    Mike Butler
    What incompetence.... Australia's economy was heralded internationally as the best economy IN THE WORLD and one of the most EGALITARIAN nation in the world. Australia's economy, DURING HEART of the GFC when other countries were flailing, surpassed any other economy, additionally it did what no other country has ever done... it ticked all the GOOD economic boxes AT THE SAME TIME. First country EVER to do this.....

    ALL of this done UNDER LABOR.

    Didn't you know this Mike.... it was a well kept secret in Australia, it seems. Our Corporate (foreign) Owned MEDIA, didn't tell us????? Funny that....the rest of the world knew about it... BUT Australian's did not. Well, if everyone DID know, they might not have voted for GW BUSH...ooops, sorry, I meant ABBOTT and Murdoch and Rinehart wouldn't get control of Australia's wealth, now would they!

    Now, onto HOCKEY!!!

    What right has HOCKEY/ABBOTT to derogate and delegate FISCAL RESPONSIBILITY to a elite segment of the community whose ONLY MOTIVE is PERSONAL and CORPORATE GAIN. No wonder we need to increase our DEBT.....you know the one the Libs were harping on about.... the pockets of the wealthy elite are LONG & DEEP indeed.

    My thought for the day..... can we the people of Australia AFFORD to keep supporting these PARASITES on society.

    NOTE: AUSTRALIAN SMALL BUSINESSES are the CRUX of this NATION and NONE of those get to DICTATE GOVERNMENT POLICY!!!!
    geomac
    24th Oct 2013
    9:08pm
    L plate applies to anyone doing the job for the first time M butler . Whats the problem with that term ? A person cannot say seasoned or experienced because that would be incorrect . As I recall Swan got the same term applied to him , not sure . His colleague is not only an L plater in govt but as an Australian . Speaks like the terminator only less clear .
    sensible senior
    26th Oct 2013
    9:28am
    moustache gee i love the attention you give me and the way you keep kissing my hand but i would prefer it if you kissed my .... till we meet again
    Hammer
    23rd Oct 2013
    12:21pm
    Well said Mike Butler. I could not agree more.
    Anonymous
    24th Oct 2013
    1:58am
    What can I say, except, "Everything, looks like a nail..... to a Hammer"
    Anonymous
    24th Oct 2013
    1:13pm
    Mr. Must-you-rate-- Can't you leave some comments without your silly remarks. Really I thought you were a host of knowledge, but see you are quite uneducated. Go back to university!!
    Anonymous
    25th Oct 2013
    12:32am
    There is a joke going about which states the same thing… it was a fun thing and has no meaning at all, silly Dogs Body. Go and scratch in the corner for being so naughty. Sit!
    Thinker
    23rd Oct 2013
    1:22pm
    I would think there will be no change in the age pension but there may be changes in the means test. Can anybody think it is appropriate that a married couple can have their own home(debt free) and over %$1million of investments and still receive a part pension and all ther gringe benefits.
    FrankC
    23rd Oct 2013
    3:21pm
    I agree, thinker. The trouble is that there are too many 2 wage families, due to the fact that the interest rate has come down to a ridiculous 4.??, ( Does anyone remember the days of 14.5% mortgages, we built and bought houses at that rate from 1979 in Tassie, and up to 1987 in Qld.) and the real estate agents are rubbing their hands with a huge crocodile grin, because they can up the value/price of a house by another 15-20 thousand dollars every time it comes down a fraction of a per cent; they are the ones who are ruining this country with the motto we have all heard , "Greed is good". I could not believe Joe last night when he said he was increasing the debt by 67%. Has he not seen what is happening in the US. I think he should , and also all of those that didn't watch it last , go to the ABC iView website, and watch Foreign Correspondent, - it is mindblowing, --would you work for $2.13 per hour??!! This programme came on after Annabel's interview with Joe, it's a little scary. WATCH IT !!
    jeneregretrien
    23rd Oct 2013
    5:46pm
    I am not one of the group to which you refer. However they should receive a pension and other fringe benefits. How do you think they got to where they are financially?, not sitting on their "bums" waiting for freebies that's for sure. These people have been over taxed during their working lives so they should be entitled to some dividend at the end of it. Stop whingeing and start thinking!
    Nightshade
    24th Oct 2013
    11:33am
    I believe that it was expected that the OLD & INFIRM Australian recipient of the AGED PENSION would spend their days whittling away their allocated pension payment at the CASINOS. Thereby making the big boys & girls at the banks rich with profit.
    Also the monies were then seen not to be going to waste.
    The AGED & INFIRM aged pensioners have failed in these expectations.
    Somehow these monies need to be taken away from the overpaid & non-participatory recipients of the AGED PENSION.
    buby
    26th Oct 2013
    9:33am
    but you know you can't win, if there aren't two wages coming into the home how do you pay it off, and u need a car to get to work drive the kids to school if its too far, we are not like in america our kids don't get picked up and brought home on the bus!so our way of life very different, to a degree better, but the health system is going backwards. But I SAW RAT set down some rules that would be good if they were implemented perhaps help cut down on spending??
    AmandaR
    23rd Oct 2013
    1:23pm
    The Coalition were scathing of the Labor government's handling of the budget. Every time the Labor government requested a rise in the debt ceiling, Joe and Tony were front and centre, calling them incompetent.

    The Coalition went to the polls with the promise of reducing debt and living within our means and pleaded with the public to trust them. They have said repeatedly they will cut unnecessary expenditure and made it sound as though the amount of unnecessary expenditure was HUGE. Joe has spent his first five weeks speaking about the inherited deficit – fair enough, he is entitled to do that. But, given the level of scrutiny the Labor government expenditure received from the Coalition, the development of the Coalitions direct action plan which was supposedly designed to get us back on track and stop wasteful expenditure, I think the reality of governing is hitting home. Instead of looking for things to criticize, they actually have to make it work and I don’t think they are capable of doing that. I think they are finding out the reality that the ‘unnecessary expenditure’ is turning out to be not so unnecessary afterall.

    This latest news does not fill me with confidence that they know what they are doing. If they were not 100% positive their policies would deliver as promised, then they have blatantly lied to the public or they are completely incompetent. We should be seriously concerned about their motives for requesting such a massive increase.
    Aloysius
    23rd Oct 2013
    1:33pm
    Could not possibly be worse than the last 6 years of incompetence. Too early to judge performance of the new Government.
    Anonymous
    23rd Oct 2013
    1:42pm
    Gee Amanda you have worked out that politicians lie. Well done, go to the head of the class, leave your books ,you will be back.
    "I have no intention of applying as leader again" or words to that affect. K. Rudd
    "There will be no carbon tax" J. gilliard
    "No tax payers will be worse off" "No electricity consumers will be affected" "Tax payers will be better off" ad infinitum .
    AmandaR
    23rd Oct 2013
    2:05pm
    Ok Aloysius, you tell me when I can start judging because I was of the impression, given the Coalition stated it over and over, that the Coalition would be off and running as soon as they were sworn in. That is what they told us, that is what they promised. I am sorry, but it is not too early to judge, they set the timeline and I am judging.
    Aloysius
    23rd Oct 2013
    2:15pm
    Criticise policy by all means but nothing has been implemented so it's a bit hard to pass judgement on performance. It is obvious that the economic policies of the past 6 years are still having an effect. Interest accrues for a start and until the old policies (like carbon tax) are repealed they will continue to hurt. I will criticse any policy I don't like, regardless of who is in power. For instance, I think the parental leave policy is too generous but it was an election promise so I will wait for the impact.
    AmandaR
    23rd Oct 2013
    2:41pm
    My comments/concerns/criticisms stand. If you disagree with the paid parental leave policy why wait for the impact? Is that not apathy? Is it possible that the increased debt ceiling is being requested in part to conceal the level of expenditure the PPL policy will have on the budget? Or perhaps the debt ceiling is being increased to cover their alternate policy to the price on carbon, for example this: "...We will take direct action to reduce carbon emissions in a practical, affordable way inside Australia, not overseas... We will establish an Emissions Reduction Fund of $3 billion to allocate money in response to emission reduction tenders to projects designed to reduce carbon emissions."
    Aloysius
    23rd Oct 2013
    3:31pm
    I would be appalled if the LNP follwed Labor's example of reneging on election promises. The people have spoken and the LNP needs to get on with what they promised. It appears that the debt ceiling needs to be raised to accommodate the impact of the Labor legislation in the past government. The alternative is declare bankruptcy and that would be insane.
    AmandaR
    23rd Oct 2013
    4:58pm
    Then I will be watching your comments with interest as things progress and promises are inevitably 'broken'. Hope you got those election promises in writing...
    Aloysius
    23rd Oct 2013
    6:49pm
    Great. You may be surprised to know that I have voted for Labor as many times as I have voted LNP. All pollies get complacent and arrogant in office, unfortunately. keep them moving.
    AmandaR
    23rd Oct 2013
    7:24pm
    We have an excellent Independent in our electorate who gets my vote. I tend to agree, keep them moving.

    23rd Oct 2013
    1:44pm
    Can someone elaborate on Kaye Fallicks` credentials?
    Aloysius
    23rd Oct 2013
    2:19pm
    Kaye is the boss of this site so it is up to Kaye whether she shares her credentials. She has always been proud of her leftish leaning and that's fair enough. We don't have to agree with her.
    Eclair
    23rd Oct 2013
    2:53pm
    I don't know the lady but freely available on the internet is her background as an author, business director and director of the International Federation on Ageing. She is a graduate of the University of Melbourne and RMIT. So what are your credentials Bofor? Liberal party stooge or are you just a freelance misogynist?
    Anonymous
    23rd Oct 2013
    4:06pm
    Eclair! A direct hit on his bridge! Fine shooting!
    Aloysius
    23rd Oct 2013
    4:14pm
    Right On! There's nothing better than personal abuse in a civilsed discussion.
    Anonymous
    23rd Oct 2013
    7:50pm
    Eclair, what got up your nose when I asked, to me, a perfectly reasonable question as to the credentials of Kaye Fallick? I mean she could heve been Fanny Arbuckles` aunty as far as I knew.
    Kaye Fallick kindly and politely responded and sorted it out but not so you.

    My credentials? 81 years in the school of hard knocks, no graduation certificates.
    Several years in the Australian Army so people such as those that read this forum have the freedom to do so. Father , Grandfather and Great Grandfather
    to a total of 37 Australia citizens. Second generation Australian of Scottish and English heritage.

    AND BLOODY PROUD INTO THE BARGAIN.
    Anonymous
    23rd Oct 2013
    7:54pm
    The Grappler, obviously you have no conception of my pseudonym.
    Anonymous
    24th Oct 2013
    1:18pm
    Well Kaye you have stirred up a hornets nest. This site must be a good money spinner. Are you married? An honest single looking for a rich widow.
    DC
    23rd Oct 2013
    2:03pm
    Before the election I promised myself to ignore Kaye's left leaning rambles about Tony and anything the coalition was proposing. Unfortunately I am once again speechless about the ignorance displayed - I mean really!
    Give them a blooming chance to fix up the Labor mess before constantly peddling moral outrage etc. Oh, and there is no likelihood of pension reductions - What rubbish!
    Anonymous
    23rd Oct 2013
    4:08pm
    As before - of course nobody will CUT pensions - they will just go down in real value via 'natural attrition' of inadequate rises to keep up.

    We all know that the terrible burden of thirty years of economic and social disaster management from BOTH sides must be borne by the people - not their leaders! How would the country function if the leaders had to suffer? I mean... oh.. sorry - it DOESN'T function!
    Anonymous
    23rd Oct 2013
    6:18pm
    More than likely, pensions will now go down in purchasing value, as the current Liberal Govt seeks some way to stage-manage minute pension increases, due to fudging of the CPI figures.

    CPI fraud via adjustment of the "Discretionary Spending" section of the basket, is the greatest fraud ever perpetrated on the world.

    This "Discretionary Spending" section is constantly adjusted to suit political aims - and essentially what it means is, if the politicians decide you don't need as much of that cheap mince, or day-old bread, you live on - you can buy less of it!

    Google "CPI Fraud" to see discussions about what is the greatest pea-and-thimble trick ever perpetrated.

    It's funny how CPI also stands for "Corruption Perceptions Index"!!
    Allieannie
    23rd Oct 2013
    2:21pm
    Lying hounds who crowed 'woe' for a debt ceiling of 300b and now will send it soaring to 500b. What on earth do people who support this mob think now?
    It must be those who are independently well off who have 'no worries, mate'. But we who are on disability allowance already 'co pay' and 'user pays' etc in regional NSW! Find a specialist who will bulk bill and I will eat my shorts.
    What will be cut?
    Who knows. They won't tell us...like Orwell wrote 'doublespeak' is alive and kicking!
    We knew this mob would be hard hearted, uncaring and cruel but we still don't know how far they will go. I am presuming that the Aged Pension will be ok, but I hope they target the self funded retirees ( not!) or the middle class welfare recipients (not!) or the rivh (not!). It will be the poor, the needy, the underpriviledged, the disenfranchised and the disabled who will pay...over and over...
    I am not only bloody scared, I am bloody angry..not at them ( we knew what they were like during the HoWARd years) but at the fools who believed in three word slogans and negative, fearful electioneering.
    buby
    25th Oct 2013
    11:19pm
    totally agree with you allie :(
    jeneregretrien
    23rd Oct 2013
    2:27pm
    Increasing the GST or including more goods and services, which are currently exempt, would help claw back the disastrous debt that the Labor stooges forced upon us. Likewise a cut in personal income tax rates, especially at the top end, should accompany any GST increase. Can't keep milking those that work hard to provide a decent living for themselves. Too many on the "gravy" train looking for someone else to foot the tab. This group needs to make some contribution to the tax pool and hiking the GST will achieve this.
    AmandaR
    23rd Oct 2013
    5:48pm
    "Increasing the GST or including more goods and services, which are currently exempt..."

    This makes me wonder if you are a pensioner jeneregretrien or whether you are just on here to troll. If you were a pensioner, surely you would not be silly enough to be advocating pensioners should be paying more for goods and services.

    "Too many on the "gravy" train looking for someone else to foot the tab. This group needs to make some contribution to the tax pool and hiking the GST will achieve this." Exactly what 'gravy train' are you referring to? Are you including pensioners in that little comment?
    jeneregretrien
    23rd Oct 2013
    6:04pm
    Amanda, yes I am a pensioner but that should not preclude me or any other welfare recipient from paying their fair share. And yes there are many who always want to take from the Taxpayer, but are very reluctant to dip into their own pockets to make any contribution. Always crying poor, but can spend $20.00 a day on cigarettes etc. I have seen evidence of it first hand, so please don't question my motives for saying this. Have you been to a Centrelink office recently. It is a real eye opener. Many of those in the line up for taxpayer funded handouts young and old alike have virtually no chance of finding gainful employment, because of their own fault. Shabby in dress, some need a good wash and many have no respect for others. I am no troll but you may be an extension of the word.
    AmandaR
    23rd Oct 2013
    6:34pm
    I am happy that you are in a situation where you are able to pay more for goods and services. There are many who aren't, and not for the shallow reasons you cite above. I think your point of reference may be tainted by your prejudice and judgemental attitude towards those less fortunate.
    jeneregretrien
    23rd Oct 2013
    6:53pm
    Amanda, I did not say I am able to pay more, but I should not be precluded from doing so. Many choose the lifestyle of being "less fortunate", that's their choice but I do not want to pay for it. Cutting back on Welfare is a real option to make a positive shift for these "Unfortunates", they will have to fend for themselves and find some work. Don't tell me there isn't any. This Welfare "madness" has to stop,
    AmandaR
    23rd Oct 2013
    7:09pm
    Seriously? "Many choose the lifestyle of being "less fortunate" Oh my god.
    jeneregretrien
    23rd Oct 2013
    7:21pm
    Oh Amanda you are so melodramatic, a Taxpayer funded Oscar coming your way.
    AmandaR
    23rd Oct 2013
    7:35pm
    Melodramatic? Perhaps. Offended by your bias and prejudices? Absolutely.
    jeneregretrien
    23rd Oct 2013
    7:40pm
    Amanda, I rest my case. Next you'll be fainting.
    Anonymous
    23rd Oct 2013
    8:19pm
    Well done jeneregretrien, giving better than you received. Amanda R obviously lost the whole concept of your original comment. Then she, he or it lost the plot completely.
    I also am a aged pensioner and I agree the pendulum needs to swing more.

    Household income over $300,000 should be taxed a lot higher than a $50,000 family.
    At least with the GST we can choose not to buy if we do not want to feed the Goose that lays the golden eggs.
    AmandaR
    23rd Oct 2013
    9:14pm
    No Bofor, I did not lose the original concept. I don't agree with what jenregretrien said and cited the sentences that I disagree with most strongly. Jenregretien dug in and revealed deeper prejudices. I don't know his/her circumstances, but to imply that there are older Australians who can't find work, in part because of their appearance, is shallow, disrespectful and demeaning, that applies to his/her comment that they choose to be poor. What a load of garbage. That you agree says more about you than it does about my criticism.

    FYI Amanda - female, not that it has any bearing on my opinion.
    AmandaR
    23rd Oct 2013
    10:10pm
    I just noticed Bofor, it is unclear from your post whether you support lower taxes for higher income earners. I note jeneregretrien supports tax cuts for high income earners. You both support an increase in GST. I am confused by your post, your position on this point is unclear except to say incomes of 50k should be taxed less. Care to clarify? No obligation to do so.
    Anonymous
    24th Oct 2013
    12:18pm
    To Amanda, I am only too happy to clarify my thoughts.
    I believe those on high incomes can better afford to give the "Goose" more food than those on low incomes.

    EG: $300,000 pa at extra 5% tax equals $15,000 or 1/3 of a family on $45,000 total income.

    I do not support a increase in the GST however as my comment stated one has the choice to NOT purchase many of the goods so avoiding the GST.

    EG: That new TV when you have a perfectly good one currently but it is 3yrs old.

    In regards to older Australians not being able to get a job because of their appearance. I advertised for a younger worker some years back and one applicant aged 17 yrs turned up for the interview in BARE feet and overall untidy condition. To top it off he was living with his girl friend in a caravan park.
    How do you think he went as far as getting the job?

    The Company prided its` self on its` product and service so why would we want to be represented by a person who had NO pride in themselves? It was a face to face with the customer position. Even if it had been a cleaners`, all respect to cleaners, job it is doubtful, if one cannot keep ones self clean,that one would apply any degree of diligence to the task at hand.
    I am pleased to hear you are in fact a female, and I agree your gender has no bearing on your opinion.

    As a grandfather of 14, last count, and great grandfather of 18 all of whom are clean,tidy and in the main respectful to others I feel somewhat qualified to pass a little comment on others.
    At times I look around and feel there are many good reasons for retrospective abortion, SORRY SORRY right to lifers that was tongue in cheek.
    Amanda do not hesitate to ask for clarification as at age 81 I still have much to contribute to you "young people" which is pretty much everybody.
    AmandaR
    24th Oct 2013
    1:03pm
    Thanks for the response Bofor. No wonder I was confused by your comments. An increase in GST or removal of exemptions, as jeneregretrien suggests, could mean for some pensioners, the difference between eating three meals a day or deciding which meal to cut so they can cover the additional cost of living. I also think it is pretty safe for people like jeneregretrien to make statements such as "yes I am a pensioner but that should not preclude me or any other welfare recipient from paying their fair share" because he/she knows it will never happen when others will fight to preserve what limited concessions pensioners receive.

    I don't think there are too many pensioners out there purchasing new TV's each time an updated model hits the shops.

    I do not judge people by the clothes they wear or their outward appearance and struggle to understand people who do - who are we to judge? There but for the grace of God, access to opportunity and all that. My grandchildren are young, but I am sure I will be cringing at what they chose to wear as the get older - just as I did when my own kids decked themselves out as goths, surfer chic, metalheads and preppies at various stages of their youth. I don't recognize them anymore - they are so conservative now. I wish some of the eclectic choices would return - I miss them.
    Anonymous
    24th Oct 2013
    2:09pm
    Sorry Amanda I cannot agree with "there but for the grace of God etc"
    We all have equal opportunity to take responsibility for our own actions when we reach a certain age irrespective of our background. My father could just write his own name not through his fault but the availability of schools in outback Australia.
    He did however raise 6 children and serve in two world wars.
    He was spotlessly clean to the degree he could be allowing for dependence on tank water. He shaved daily until he died at 78 yrs of age.
    He taught me to respect others or get a clip around the ears if I didn`t. There is absolutely no reason people should be "grubby" in todays society.
    We make choices all our days and many make the wrong choices and I do not say "oh poor thing".
    I was almost in my teens before having electricity or water connected to the house we lived in. We were a one bath a week family, cleanest in first. We washed our face, hands and feet each night before bed BUT I do not expect "oh poor you" I learned more about self pride and cleanliness in those years than many appear to learn in a lifetime.
    My catchphrase is "No bad children only bad parents"
    A lady said to me once that her 14 yr old son was "off the rails". I disagreed by saying "No he is not off the rails because he was never on them" "When he was cheeky as a 2 yr old it was Isn`t he cute". When he swore it was He must have learned that at school and so on and so on.
    Cleanliness is next to Godliness my old Mum always said and if you can`t have the latter for goodness sake have the first.
    Life is a journey NOT a destination, it is not who or what we are but what we become on our trip through life.
    If someone chooses to be a "grub" then that is their choice but it is impossible to understand, having come from where I did, WHY?
    I stick to my comment "respect for ones self shows respect for others".
    Glenda12
    23rd Oct 2013
    3:01pm
    What an alarmist this woman is and to say that our Tony Abott has been keeping a low profile!!!!! Well it is a bit hard when you are on the front line of mass bush fires saving people and their homes. Do your research first please
    Grateful
    23rd Oct 2013
    7:41pm
    The "great extinguisher" gets another photo op "saving people and their homes" Are you fair dinkum Glenda??? . Where was the blue tie??
    Anonymous
    23rd Oct 2013
    8:23pm
    Yes Glenda is fair dinkum Grateful.
    Get off the government that you expect to solve all woes when they are still looking for the toilet.
    I vote for whom I feel is going to get the job done so if i am wrong so be it.
    I am one of the few who will admit to voting for "far go" Gough Whitlam.
    Anonymous
    23rd Oct 2013
    8:24pm
    Fair go not far go. He went too far.
    Anonymous
    24th Oct 2013
    1:23pm
    Can't believe that some types would ridicule Tony Abbott for being a fireman and fighting bush fires. What a group of self centred wankers. If you cannot say something good about such a terrific PM then keep your mouth shut.
    catsahoy
    27th Oct 2013
    9:35pm
    bofar, so liked your response, how very true, my views exactly,
    Young
    23rd Oct 2013
    3:12pm
    And so should pensions be looked at.There are far too many people living in luxurious houses getting the pension.Big savings could be made by the government if the pension was not so easy to get.
    Anonymous
    23rd Oct 2013
    7:07pm
    jdwoolno - You forgot to mention the millionaires living in luxury mansions who get those mansions fully funded by the rest of us - because they keep pouring their millions into their "totally capital-gains-tax-free home"!

    They then sell those mega-million dollar mansions and don't pay a cent in tax on the huge profits they make on their "little investment"!
    jeneregretrien
    23rd Oct 2013
    7:13pm
    Aaron, sour grapes perhaps! You should be thankful that we still have resourceful people in this Country. What is wrong with being successful, so many here against it. Without them the Welfare "Society" would not exist.
    Grateful
    23rd Oct 2013
    7:43pm
    Then why do those "resourceful people" continue to claim that welfare??? Resourceful or downright greedy??
    jeneregretrien
    23rd Oct 2013
    7:45pm
    Grateful, no just downright resourceful. Try it some time.
    Anonymous
    24th Oct 2013
    1:29pm
    Fully agree with jeneregretrien------ What a mob of jealous envious losers that probably boozed and gambled their savings away, during a lifetime. Successful people usually make big sacrificies to be comfortable in old age. Any one can do it, but some are just too bloody lazy. Get rid of your envy, or die a miserable old have not.
    Anonymous
    25th Oct 2013
    1:21pm
    I don't drink and I rarely gamble. I've been a businessman all my life and employed a lot of people.
    However, large numbers of those so-called "resourceful people" amongst the millionaires you speak of, are just plain rort-artists.
    The people such as Rivkin who used insider trading to become a multi millionaire.
    The people such as Lang Hancock who engineered a 2.5% royalty on iron ore for all time that was later declared to be illegal, as only Govts can collect royalties.
    The people such as Clive Palmer who have sold large parts of Australia to the Chinese, and who'd sell all of Australia to the Chinese, if it meant one more dollar in his own pocket.
    Then these people have the hide to tell the working poor that they're lazy bludgers and waste all their money. What a load of codswallop!
    The American Right Wing belief that rich people create wealth for all, is the greatest lie ever perpetrated on the world.
    The rich people of the world only garner a huge portion of the nations wealth for their own exclusive personal use, and drive up the values of housing and other necessities, via market and corporate manipulation - that ordinary people then have to live with.
    It's the middle classes who create wealth, the working mums and dads of the world.
    DogLover
    23rd Oct 2013
    3:15pm
    Starting with reducing the very generous overpaid pensions for ex-politicians and the very large amount of expenses they are allowed. And maybe reducing the pollies salaries and their allowable, but unfair, expenses. If anyone actually believes the promises any politician makes then they are fooling themselves.
    Anonymous
    23rd Oct 2013
    8:32pm
    DogLover, I am with you, I also love dogs.

    If I do not perform my role as a worker my boss can sack me and I get my super, long service and accrued leave as applicable.
    A politician gets the sack from his/her employer, US, and we continue to pay them and give them all sorts of benefits irrespective of whether they did the job we employed them to do.
    Abby
    24th Oct 2013
    9:16am
    Yes unfortunately our Politicians are working for themselves instead of Australian citizens for which they are elected.

    They have developed Laws through Legislation that they have become our "ROYALITY,"
    except we have now too many "ROYAL"S taking into account all the current and retired Politicians.

    In other countries at least the royalty is only one family.

    There seems to be different Laws and regulations by which Politicians abide.
    moke
    23rd Oct 2013
    3:22pm
    Why not Audit the politicians allowances and Pays, they might find enough to give something to the needy pensioners where some are on such a tight budget that even the basest of foods are a luxury and pharmacy, doctors and specialist bills make life even worse . Come on Mr Hockey give something to those who have already paid government bills for all the working years of their life. Many did not qualify for large superannuation payments and are most times the least considered.
    Anonymous
    23rd Oct 2013
    7:09pm
    Not a hope, Moke. You know those politicians suffer from a "Sense of Entitlement", so aptly described by Hockey!!
    Anonymous
    23rd Oct 2013
    8:40pm
    Rat your suggestions whilst radical are not without benefit.
    I do not agree with all but you certainly have a base on which to build.

    Wait until Terry O`Gorman gets onto this. He says people have a right to bash the old lady and get their wrist slapped, not hard mind you.

    23rd Oct 2013
    3:24pm
    If Australian goverment wants to save money here are my 10 suggestions.

    1) deport non-citizens claiming benefits for more than 3 months.(there are 1,000s)

    2) reduce the number of tiers in goverment the saving of paper work alone will be enourmous not to mention the saving from getting rid of contradictory and overlaying programs.

    3) stop sending troops to other countries just to please the yanks and the brits.

    4) Stop signing up to international agreements that don't actually benefit Australia just because it makes the pollies look good with their international buddies and gets them nice little earners after they retire.

    5) Ban or heavly tax the import of goods that we can produce locally. Prices will go up but so will employment increasing goverment income (tax) and reducing goverment expenditure (benefits) with the bonus of increasing our food security and encouraging local investment.

    6) make prisoners work for their keep. Prisons should make a profit, Crime already cost too much as it is.
    Introduce "chain" gangs electronicly monitored for jobs like hand clearing fuel from bush fire prone areas.
    Saves money, possibly lifes, makes prison a better deterant and could give prisoners skills and experience that wil help them rejoin society in a productive manner.

    7) make drugs legal regulate them and heavly tax them. (Makes money and reduces the problem, worked with smokes)

    8) Make people who end up in hospital because of their own stupidity pay full rate for their care. I include drug users, drunks and those who engage in dangerous sports and pastimes.

    9) Make poeple who get themselves lost doing fool things like single handed yaght races etc pay their search and rescue costs(they should get insurance)

    10) simplify the voting system 1 person,1 vote for your local representative.

    A little more radically :

    Allow us the public to specify how much the think the pollie should be paid at the same time as we vote and make the mathematical mean(averages can be distorted by aberrent amounts) amount over all of australia the average amount for a pollies pay for that term of office.
    They have to keep to the average so if they for example increase the PMs pay they have to make it up by reducing the others. (super should be done the same as for the rest of us based on contributions)

    Even more radically consider.

    Crime costs the country billions both directly and indirectly each year.

    Tag all convicted criminals with perminate tracking chips(the basic tech already exists it just needs refining) they lost their right to privacy when they commited a crime. and giving the current rate of re-offence it will save a fortune in policing plus be a good deterent.

    Introduce public flogging for minor effences. Its quick, its cost effective and justice is seen to be done.
    Oh yeh and for those who say its cure. So is bashing a little old lady for $20. Something that would get you a good behavour bond or suspended sentence under our current system.

    Get rid of the concept of parol and concurrent sentences. You play nice you get out at the end of your time. You play up you get punished, you commit a crime inside you get the max sentence for that crime added on. I think it will save money in the long term by making crime less appealing.

    High security prisoners cost over $300,000 a year to keep in prison a bullet costs under a $1.

    Re-introduce the death sentence for murder,pedaphilia, using a firearm in a criminal act etc and make being sentenced to over 30 years automaticly translate to a death sentence. probably not a deterent but will save money.

    Make the charge for starting bush fires murder if some one dies, attempted murder if not
    Anonymous
    23rd Oct 2013
    7:11pm
    Rat, your suggestions are too simple for the average politician to comprehend, let alone implement!
    Ny19
    24th Oct 2013
    7:06am
    Your number (6) is a sensible idea Rat. To expand on it, prisons could also manufacture consumer goods that could be bought cheaply by the public if no labour costs were added to the finished product. Thus prisoners would be occupied doing something useful for society, the public benefits and is recompensed a little for providing their keep. We could turn our prisons into businesses.
    Abby
    24th Oct 2013
    9:25am
    Rat
    I think you should go into Politics :)

    25th Oct 2013
    8:21pm
    Robiconda
    I am afraid thats two things you can't do.

    1) compete with local industry by selling to the public.

    That would cause an outrage an potiontally cost honest people jobs.
    Though I see no problem with competing with overseas sweat shops.

    2) Not include labour cost in final pricing to do so would imply slavery

    The prisonners do get rewarded for their work they get a reasonable standard of living, training etc in return for their work. Not to do so would be slavoury.

    Yes they would be low paid and paid primarly in kind but the cost of their labour has to be factored in to everything.
    If they don't work they only get the very basics to survive.
    If they do work, they are rewarded, better food, cells, blankets, a matress some luxuries a chance to contribute to the support of their families outside, and maybe abit put buy to help them restart their lifes at the end of sentence.

    The prisons should be able reduce if not cover their costs. While punishing and rehablitating. This method should be particularly good at breaking the crime - povery - crime cycle.(thats where someone commits a crime leaves prision cannot support themselves(no skills and a record) thus turn to crime and end up back it prison)

    But to work punishment for repeat offenders must esculate sharply.
    Also structured options should be made available outside of the prision system to help the newly released adjust and to cater in the long term for the small percentage of exprisoners that just can not fit in with our less structured society and repeat offend just to return to something they understand.

    25th Oct 2013
    8:38pm
    Abby
    If I got any real power I'd get carried away and they would end up having to shooting me.

    Power corrupts, ...

    25th Oct 2013
    8:48pm
    Aaron
    simple ideas can become immensely complicated when you try to implement them. Particularly if you have to show results within 4 years while not offending anyone. Which is basicly what we expect of pollies.

    May be we should select people to to implement things from the real world.
    Do it on the basis of their track records.
    Pay them crap wages and tell them they can't go back to their well paid jobs until they show results. After which they won't be called on again unless of course they cheated by only making it look successful.

    Sort of a one shot community service for the successful.

    Though I have no idea how to handle the stupid ideas that everyone with any real knowledge knows can never work. (like the telephone, Commercial radio etc the experts of their time thought these were nonsense and would never take off)
    buby
    25th Oct 2013
    11:33pm
    OH OH and while we introduce all those things rat can we STOP Privatiation! Really it send cost sky high NO achieve much more!, and stop GST How ridiculious, Look we could go on and on, BUT me thinks its all falling on deaf ears anyway rat!!
    congress@bayside
    23rd Oct 2013
    3:37pm
    Kaye Fallick's (whoever she may be) comments are little more than standard left wing rhetoric. Comparing our debt to that of the US is totally irrelevant. The Liberals have inherited a fiscal train wreck from six years of Labor, and more wreckage is being uncovered each day. If this nation has to bear some future financial pain (and the operative word is "if") then we should never forget the monumental wastage perpetrated by the recently departed Labor party that bought about this current situation. Labors demise at the recent election was largely bought about by their inability to manage Australia's debt, and the majority of voters recognised this and voted accordingly. Those angry and disillusioned Labor-ites should simply accept that this was the will of the majority and move on.
    Anonymous
    23rd Oct 2013
    5:52pm
    The Coalition has only had 6 weeks in the job and the election results are not even final yet or weren't. Clive Palmer 2nd recount.

    So to put the cat amongst the pigeons as Kaye has with her comments that they may cut the age pension, when we know Abbot promised not to, is a bit rich.

    It was Labor hwo promised and broke them all and made a mess of everything they tried to change or manipulate. Not this latest government who must be very busy trying to sort out the mess they are bound to have left behind as they messed up every single thing they tried to do.

    Worst of course starting the boats and costing us billions and making the shortage
    of housing money and services even worse. And ongoing as mostly have the same nationalities as those the Bureau of Statistics said stay on the dole for more than 5 years on top of the cost of housing and settling their claims. And the baby bonus is one area that makes their benefits higher and longer without needing to work as traditionally have larger families than we do.
    Anonymous
    25th Oct 2013
    12:38am
    The FACTS are that the previous govt put Australia's economy at the very top of the world and did what no other country had ever done....ticked ALL the good economic boxes AT THE SAME TIME. This when the GFC was at it's height and other major countries were flailing.

    Australia OUTSTANDINGLY beat...the USA, UK, Europe, China & Asia, and Russia, etc

    Australia was also one of the most EGALITARIAN country in the world - wealth spread out amongst the people.

    Australia's management of its economy is world renown.... The problem is that the only people who did not know about it were Australians.

    That is WHY I have been supporting the previous govt.... What they did for Australia & ALL Australians was nothing but brilliant!

    The current govt are now practising USA economic dogma which is disastrous .... All you need to do is look at the state of the USA.. Poverty and growing slums, Crime an everyday occurrence, no PUBLIC education, services, health, etc etc

    Are you from the USA…. with a pseudo name such as congress@bayside, you would think so.

    So why shouldn't the debt be aligned with the USA, other than the USA is in the trillions per annum.

    The debt was the ONLY thing the coalition could drag up (even though it was one of the lowest and the envy of the world), so why can't we criticise hypocrisy coming from the coalition when it slaps us in the face.
    Anonymous
    26th Oct 2013
    5:07pm
    @Mussiate it is well noted here that you are a Labor supporter. In fact if Labor had been in power for the 12 years leading to the GFC we would have been close to the position of Greece mate. They simply cannot manage money and are too far left these days manipulating society towards the goal of OWG by breeding chaos with lack of true justice and continual pc making it hard for society to get along without continual rows over racism or deniers of the scams the UN has invented in order to spread the wealth. Carbon Tax prime example, will Hockey have to give the UN part not paid of the 7 billion from it promised to UN by Julia Gillard one wonders. Thankfully Peter Costello who is the worlds best Treasurer and that title was awarded to Swan who had to be one of the worst because of the good work Peter did for Australia and thankfully he didnt let them get their greedy hands on the future fund because that would have gone wasted as well in debacles like pink batts, mining tax, climate change and the various new bureaucracies they set up as they always do - empire building whilst always cut back on defence - think we can talk our way out of trouble.
    How is Paris these days or are you now living full time in Australia?

    23rd Oct 2013
    4:14pm
    Functioning of Australia:-

    40% of the workforce not in regular paid income.
    7% accepted unemployment - I've read things that suggest it is more like 25%
    25% of pensioner living in poverty
    A high Oz dollar destroying any chance of export or productivity HERE
    Continuing and never-ending, no sunset in sight of social 'revolutions' such as 'feminism' (I support equality - not feminism).
    A world economic crisis.

    Oh well - I suppose we could always have a war and let it all settle out. We all know that under the military industrial complex idea war generates prosperity - and also gives the chance to repudiate debt to any foreign belligerent we owe to!!

    Well - maybe we'll get Mr Smith's 'daughters up the sharp end' yet - good luck. Mine ain't going!

    (My apologies for the broad sweep of comment)
    Kopernicus
    23rd Oct 2013
    4:17pm
    Who cares what qualifications she has to have in order to make cogent observations. Libs have squealed in opposition to raising the debt ceiling to 300 billion, now they went for 500. Not in their low key pre election blurb, was it? Howard governed in boom times and squandered an income of 30 bill pa in election bribes - 80% benefiting the well off. We all know they look after the Big End of town.
    That the Social Welfare sector is not represented on the Budget Audit Committee is worthy of note. What that implies will become obvious down the track, anything's possible from the mob that came up with Work Choices.

    23rd Oct 2013
    6:06pm
    I also totally concur with Mike Butler. For goodness sake Labor were b.........y useless, always have been and always will be where money is concerned. It is going to take a good ten years for the Liberals to get the house back in order and yet we have these so called experts coming out lambasting them already. You cannot turn things around overnight and the mess that was left is trying to be uncovered by the Commission of Audit. So we have to tighten the belt; so be it!
    Grateful
    23rd Oct 2013
    7:51pm
    The "house" that they get back in order will certainly be owned by property investors and self funded retirees getting incrediblely generous taxation benefits from negative gearing. The fundamental curse of our community.
    Anonymous
    24th Oct 2013
    1:33pm
    Grateful--- Grow up.
    deepred
    23rd Oct 2013
    8:02pm
    A very one-sided commentary! After the enormous irresponsible wastage of the last 6 years, sadly, someone has to stop the bleeding. Whatever is done will be fair and responsible. If nothing is done to slow this fallacy of unlimited entitlement, our debt will soon come home to roost and we'll be the Greece of the Southern Hemisphere. Give Treasurer Hockey a chance - please ! deepred, Canberra.
    sydneycl
    23rd Oct 2013
    8:14pm
    I've had a big day organising collection of donations for the bushfires with Rotary and I really can't be bothered to rip into you boots, spurs and all.
    I am a subscriber to this site, but, sometimes, it really does just get a tad wearing to be constantly subjected to left wing, socialist whinges and whinings.
    Can't you just be objective now and again and forget that your sole purpose in life is to bore it up anyone who isn't a progressive, left wing, latte loving, greenie, climate alarmist, watermelon, politically correct, you can't get me I'm part of the union type, dork ?
    Anonymous
    24th Oct 2013
    3:26am
    Dork? I wouldn't call you a dork sydneycl. Missing the point but not a dork.

    Tell me what is PROGRESSIVE about economic dogma that is out of date and has hugely contributed to the corruption and near downfall of the USA.

    I personally feel that small business in Australia is the CRUX of this nation BUT that they SHOOT themselves in the foot, simply by being PARTY aligned.

    The Libs know they have them in their pockets, so don't waste money on them and Labor give up and don't bother spending much because no matter how well they provide for small business, they will NOT get their support.

    I am a professional in small business and have a very high regard for most small business operators BUT their dogmatic alignment with ONE particular party is ludicrous... they should definitely be APOLITICAL and vote on bloc for whoever will improve their conditions and welfare. To subscribe and support business organisations who say they represent small business but are the mouth piece of the big end of town, is very silly indeed (in my opinion).

    Besides sydneycl.... do you really think putting Australia in the hands of large and powerful corporations which are more likely than not to be foreign owned, is a good idea. Even our Australian Banks are now 50% owned by big American banks. When EVER did large and powerful corporations benefit small businesses or a country, Australia.

    Another thing, small businesses do better when the wealth is spread out and the average person is comfortably off. Ordinary people spend more and keep the money flowing in our economy. HENCE, policies that benefit the ORDINARY people, then benefit SMALL BUSINESS. Small Businesses, then do well and employ more people, who then spend more and so the 'cycle of life' continues. Hence, those social policies are very important INDEED to small businesses!

    Your views about economics need to look more at reality, rather than very OLD FASHION left/right politics. Those concepts are REGRESSIVE and certainly NOT progressive.

    Last thing.... what's wrong with a latte? I take mine with a double shot which ends up being a long mac, topped up, apparently, if you are in WA.
    Ny19
    24th Oct 2013
    7:30am
    sydneycl you left out "chardonnay sipper". Tut tut, you are falling down on your right-wing rhetoric.
    Anonymous
    24th Oct 2013
    1:40pm
    Good on Sydneycl----- A breathe of fresh air after all the leftish crap envy and jealousy. Poor me have nots, not because they didn't get the same chance as everyone else, but because of laziness, grog and gambling they suddenly realise they have missed the boat. Even Must-you-rate with all his knowledge seems to be tarred with this brush.
    EELS
    24th Oct 2013
    5:47pm
    sydneycl, love your work!
    Fetcher
    23rd Oct 2013
    8:32pm
    We knew that when the prime minister was elected that America's business management and those who support their defense would intend to corrupt the judgement of the government offensively they have a bad attitude and advanse themselves a lot of money unjustly the people in their nation have been influenced to live beyond their means and intend excessive consumption for our time they want you to give them the money and to further our debt their own debt is indicative of what I said hockeys decision is wrong we all need to live within our means and to care for the elderly and our children
    Anonymous
    24th Oct 2013
    3:00am
    Fletcher.. well said.
    Abby
    24th Oct 2013
    11:58am
    Yes but what does it mean ???
    Sure is a one long sentence.

    24th Oct 2013
    2:30am
    This is a joke poster only and is not meant to offend.

    I found at the election and on this site and in general interaction with Abbott supporters, that they are just a tad aggressive & defensive, so when I found this joke poster, I related to it immediately and couldn't resist posting it:

    ......Sorry.....Couldn't add the photo of it, so will write it out for you:

    BEFORE you approach a Tony Abbott supporter ASK FIRST! Be alert, and stay safe!

    Abbott supporters are highly unpredictable and may attack at any time without warning. Extra caution should be applied if you are:
    * a pacifist
    * a person who reads books
    * environmentally aware
    * an indigenous Australian
    * an Atheist
    * a supporter of Public Education
    * Tim Flannery
    * not a fan of Alan Jones
    * a person with a social conscience
    * a supporter of LGBT rights
    *not a reader of News Limited publications

    REMEMBER TO SPEAK SLOWLY AND USE SHORT SENTENCES. THE BEST DEFENCE IS TO ASK THEM ABOUT COALITION POLICY AND SLOWLY BACK AWAY WHILE MAINTAINING EYE CONTACT.

    The poster is relevant because it discusses Coalition Policy.....
    Ny19
    24th Oct 2013
    8:00am
    I like it. I hope sydneycl doesn't feel too offended though. Sophisticated insult is always more interesting than over spewed hackneyed labels. You have outdone him.
    AmandaR
    24th Oct 2013
    1:44pm
    Good find Mussitate.
    Anonymous
    24th Oct 2013
    1:47pm
    Man--- What a revalation. What wit, what knowledge. Definitely an Eignstein. Corrects everything. Is it Must-you-rate? OR God.
    AmandaR
    25th Oct 2013
    12:49pm
    what a shame there is no spell check...
    Kopernicus
    29th Oct 2013
    3:34pm
    Good descriptors but incomplete. Please add:-
    *Gay
    *Regard GST as regressive and oppose ANY increase
    *Oppose any discrease for top tax rates
    *Not a supporter of more middle class welfare
    *A hater of Xenophobia, Homophobia and Anglophillia
    *Do not believe the masses can be fed from the crumbs falling off the tables of the rich

    24th Oct 2013
    2:31am
    In response to HOCKEY's disgusting and embarrassing announcement. SINCE WHEN DO GOVERNMENTS derogate and delegate their FISCAL RESPONSIBILITY to a small but ELITE section of the community to DRAFT GOVERNMENT POLICY for and on behalf of the people of Australia.

    Remember that glittering exclusive $500 minimum per head gala fundraising dinner that ABBOTT attended whereby Tony Abbott, Gina Rinehart and Rupert Murdoch took turns sharing the stage (infamous Andrew Bold was MC)? Before the election in April or thereabouts.

    Abbot praised his fellow key-note speakers, especially Rupert, and promised the crowd a "BIG YES" to a 'wish list' compiled and presented at the dinner by an extreme hard line Think Tank (funded by the wealthy) which detailed 75 policies to RADICALLY transform Australia.

    Such things as:
    - Public broadcasting - gone. The ABC broken up and sold off, SBS to be fully privatised (Lib. branch proposal has already ratified this)
    - Corporations to be allowed to make secret payments to political parties (another word for it, is CORRUPTION)
    - Medicare gone for most Australians
    - A return to WorkChoices but using a different name
    - The clean energy fund and the renewable energy target - scrapped
    - Funding for sport and arts (including the Aust Inst of SPORT) - AXED
    - Funding for science scrapped and CSIRO (a very wealth generating organisation) privatised
    .........to name just a few on the list.

    Never before has the extreme conservative agenda been laid out so clearly and we have already seen some of these things commenced or put on government agendas.

    These (mostly) FOREIGN large CORPORATIONS don't do ANYTHING for anyone but THEMSELVES. Their aim is simply to suck out the wealth from Australia for themselves and their shareholders. Leaving very little for the balance of Australians.

    THINK ABOUT IT......since when did Corporations work for the betterment of any country... it is against their constitution and directors could get sued by the shareholders IF they put a country above their PROFIT motive.

    They want to turn Australia into the USA where 1% holds 90% of the wealth with NOTHING for the average Australian (benefits, services, infrastructure, etc.) George Bush, a bit of a joke all round, was THEIR conduit... Tony Abbott will be ours.

    24th Oct 2013
    2:32am
    I repeat.... what right has HOCKEY to derogate and delegate FISCAL RESPONSIBILITY to a elite segment of the community whose ONLY MOTIVE is PERSONAL and CORPORATE GAIN.

    No wonder we need to increase our DEBT.....you know the one the Libs were harping on about.... the pockets of the wealthy elite are LONG & DEEP indeed.

    My thought for the day..... can we the people of Australia AFFORD to keep supporting these PARASITES on society.

    NOTE: AUSTRALIAN SMALL BUSINESSES are the CRUX of this NATION and NONE of those get to DICTATE GOVERNMENT POLICY!!!!
    Anonymous
    24th Oct 2013
    2:21pm
    You're frothing at the mouth Mussi. Calm down
    Who better to review govt spending than professionals who do this sort of stuff for a living day in day out.
    Would you rather give it to a group of left wing whacko's who could'nt organise a root in a brothel.
    Anonymous
    24th Oct 2013
    5:44pm
    Jaguar

    If you wish to simply snarl and spew out nasty comments….then there is not much to respond to except to have a good laugh at your lack of ability to counteract anything I say.

    When people resort to simply insulting people, you know they are..well..unable to 'root' out anything at all. Lost it, kaput and living in the dark ages - unable to lift themselves into the modern world. A bit like our current government.
    Anonymous
    24th Oct 2013
    10:41pm
    Mussi. Deluded old fool. You comments are bereft of serious intellectual rigour. Explain the basis for you accusations and disgusting references (parasites??.). The perhaps your response to my comments may be taken seriously.
    Kopernicus
    29th Oct 2013
    3:47pm
    Jaguar and Dogs Body, it's irrefutable your comments rest on pejoratives and are empty of cogent contra arguments. Why is the gap between rich and struggle street widened during the Howard years and is getting set up for another boost? Their remit is the Top End of Town. Amerika here we come.

    24th Oct 2013
    2:59am
    To ALL contributors of this site..... it is NOT you who voted for ABBOTT or you who voted for RUDD, it is US.... you and I... who should be ensuring that what ever is done in government is for the betterment of Australians.... ALL OF US and NOT just a handful of privileged elite to gain more and more wealth and power.

    Once, we allow these people to control our country, there will be NO turning back. Just look at the USA.... the CORRUPTION and CONTROL of every aspect of politics, the legal system, government depts and the police,etc, is/has crippled this once mighty nation.

    No, I don't agree with you about some issues and YOU don't agree with me about some (okay...many) issues BUT that doesn't mean that we should allow any one to control and corrupt Australia's democratic processes.

    I think that EVERYONE here AGREES that what and whoever is in control of Australia MUST do their very best to ensure that ALL Australians have a BETTER & IMPROVED standard of living.

    If we use that as a guideline "ALL Australians have a BETTER & IMPROVED standard of living" we can measure what our GOVERNMENT (no matter which party) is doing for us, the people and ensure that we maintain our livelihood and the future of our kids and grandkids, etc.

    YES, to do that, we need to be properly informed. Our first steps should be to deal with control of OUR media by Corporations (majority of them are FOREIGN owned). REGULATE THEM by simply having the same guidelines as the ABC & SBS which are STRINGENT and DON'T ALLOW THEM TO SIT ON THEIR OWN DISCIPLINARY BOARDS. It is that easy!

    You see I don't really care who the hell is in, AS LONG AS THEY GOVERN IN OUR INTERESTS and not just in the interests of a select few.

    By tying us up in knots and voting/supporting/defending 'A PARTY', corporate interests will continue to control our future and be able to take away our wellbeing.
    Anonymous
    24th Oct 2013
    1:50pm
    Phew, What manuscripts. Still plugging on forever. Pushing his barrow up hill. Really getting no where but still trying. What an absolute bore. Ho Hum.
    Anonymous
    24th Oct 2013
    5:37pm
    Dogs Body

    Rather than snarling one liners about NOTHING….. how about refuting or coming up with something that is positive and a way forward, rather than simply bleating hard liner dogma, that is ancient and simply does not work.
    AlbertC
    24th Oct 2013
    7:58am
    their is only one way to stop pollies of both sides wrecking the economy and as far as i can see we should have the right to call a referendum with out the party that is in power saying yea or nay and to do that we should be given the power over their mistakes by a panel of people appointed by the civil courts which will stop greedy pollies from lining their pockets and have it endorsed by the governor of the day and made law because what they are doing by them having the power to control a referendum.is taking away our constitutional rites to disagree with them. have a nice day



    . don,t use the fact that were voted them in to office. the rite to call a referendum would not be in the constitution that is why i believe that power giving them the rite to say yea or nay is wrong. have a nice day.
    Anonymous
    24th Oct 2013
    5:50pm
    Good point…. electronics are so sophisticated these days, why can't we electronically vote on all matters. With some matters being compulsory and most being voluntary. If people don't have access then booths should be made available to allow ALL to participate.

    Having safe security measures is essential. This means NOT going with Microsoft which has a backdoor which the US government (NSA) can tap into. WikiLeaks can lock it's info…. so that is the sort of security/encryption measures I am talking about.
    Mike Butler
    24th Oct 2013
    9:54am
    Mussitate, somewhere in one of your rants you claim that Australian banks are 50% owned by foreign banks. I found this claim quite surprising in light of APRA's rules regarding the foreign ownership of our trading banks. Merchant banks are not covered by these foreign ownership rules, but the Big Four are. Can we please have the citation for your claim about 50% foreign ownership?
    Anonymous
    24th Oct 2013
    1:53pm
    Mike---- Must-you -rate will now send a manuscript. He is a host of knowledge and thinks his rantings are all gospel. Please do not encourage him, please.
    Anonymous
    24th Oct 2013
    4:47pm
    Mike Butler
    Here is a link which shows the incestuous ownership by American & UK banks of Australian Banks. You will have to copy & paste.
    You must also take into account that these others banks also own shares in each other.
    I enjoyed your comment it was a good one.... although the term 'rant', nearly made me go into 'fun' mode.
    Don't take to much notice of Dogs Body, he seems to have difficulty expressing himself without snarling...I can only assume that it is the fleas.

    http://www.spankyourbank.com.au/the-big-four-top-twenty-shareholders

    24th Oct 2013
    10:41am
    **I was trying to post this yesterday and my computer crashed. Hmmm...

    Since we live in the era of the mandatory dual income family (or equivalent just to have an entry level mortgage etc in the big cities) - my view on the + or - >< 25% or so pension rate is simple.

    Ordinary pensions should be calculated at the equivalent of individual household income - and not simply AWE. Now - let me play with figures here. 40% of the workforce is women and 50% of those remain married in these days of chunder and divorce etc. Ergo... it seems to me that we should say therefore that average weekly earning for family situations is around 150% of what is generally accepted as AWE.

    (there will be figures somewhere and I'll find them).

    Ergo...instead of roughly 25% of around $1500 - pensions and unemployment (I see no real difference here) should be based on around 25% of $2250 pw. = $562.50 a week.

    Now - that doesn't YET approach minimum wage..... as mooted by Brian Wenzel etc.. but it's a start.

    Watcha reckon... sound fair? Figures need a bit of work.. but....
    Kristo
    24th Oct 2013
    11:13am
    We should have a niggle of doubt about pensions being picked at, but on the other side Abbott has said as recently as yesterday that changes are unlikely to occur to just about anything in the 'first' term.
    Already the cry is 'one term Tony' and given the non-performance in the first few weeks it is extremely unlikely that the Coalition will be the Government at the next election.
    If anything required Senate approval it has little chance of passing before the new Senate arrives in July 2014 and in the case of fiddling with pensions if Palmer holds the balance
    (or even if he doesn't in this case) given his stated policy regarding age and disability pensions it won't happen.
    In the meantime all the huff and puff from Abbott and Hockey, who seem to be the only ones allowing themselves to make public comment, we can only observe, like the UN and Al Gore et al, in wonderment.
    Advance Australia where?
    Anonymous
    24th Oct 2013
    4:56pm
    That is a problem in itself.... What if the States increase GST...being an inequitable tax, that makes people with no income pay tax, it means thousands out of your pocket each year! We got no compensation when GST was instigated even though just about everyone was stuck paying an extra $2500pa (minimum).

    re Abbott/Hockey being the only ones allowed to comment.... Good move.... The amount of international embarrassment these two have already cause with their comments, is quite enough. My American friends are having a field day, conveying all the gaffe's and old, old world regressive thinking, nearly dark age stuff.
    Kristo
    26th Oct 2013
    2:05am
    Just for accuracy's sake the Pension Supplement was originally put in place to compensate for the effects of GST. Debatable of course whether it was adequate.
    Although pre-election Abbott has said no changes to it in the first term, the way things are flip flopping all over the place with 'everything on the table' who knows.
    The commonwealth can in fact change the rate without the States approval.
    And I do agree there is much amusement overseas watching Abbott. Hockey now ably assisted by Greg 'Wikipedia' Hunt make a sows ear out of a silk purse.
    BlackCatWalking
    24th Oct 2013
    12:59pm
    Structural changes in the economy are likely to leave Governments across Australia facing budget deficits of around 4% of GDP for at least the next decade, according to research from the Grattan Institute - (an independent research think tank that informs government policy". It suggests it could be a long time before Australian governments post a collective surplus.

    While the budgets of the Commonwealth and the states are forecast to be close to balanced within the next few years, Grattan research shows flagging revenues and continued spending pressures have put them on track to post annual deficits of around 4% of GDP within a decade.

    The greatest pressure comes from sustained increases in health spending. Over the past decade, in real terms, governments spent an additional $43 billion on health. At this rate, government spending on health will rise by 2% of GDP over the next decade. Contrary to popular belief, this is not primarily because of the ageing population but is driven by changes to the practice of medicine. Australians of all ages are seeing doctors more often, having more tests and operations, and taking more prescription drugs. They are living longer, better lives, but someone has to pay for it.

    Welfare expenditure grew more slowly, but only because of low unemployment and slow growth in benefits for Newstart, Youth Allowance and parenting payments. The biggest expenditure on welfare goes to – aged and disability pensions and family support – all which grew by around 50% in real terms over the last decade.

    Increases in costs are not the only pressures on government budgets. Underlying revenues are weaker than they seem. Company and mining taxes, and carbon price revenues are likely to be 1% of GDP – or $15 billion a year – less than current forecasts. Current revenues are also inflated by the mining boom and Australia’s high terms of trade. If, as many predict, minerals prices fall, revenues will fall by another 1% of GDP.

    Finally, the federal government and opposition have both raised expectations of substantial new expenditures on the National Disability Insurance Scheme, schools, additional paid parental leave, and carbon Direct Action, among other policies. Even a subset of these could well cost 0.5% of GDP.

    Over the economic cycle of boom and bust, balanced budgets are much better than the alternative. Persistent government deficits incur interest payments, limit future borrowings and, as many European countries are learning, drastically reduce the capacity to fund services and programs. Deficits can make it hard for governments to spend to overcome an economic crisis, and can load a debt burden onto future generations. Given all the problems persistent deficits cause, why do they exist? Very often, the answer is politics.

    Governments invariably find it hard to run a surplus, even in good times. The temptation to please voters and spend money is just too great. In Australia, voters have come to expect policies that leave no losers.

    With these pressures, responsible leaders will need to find 4% of GDP in savings and tax increases to balance their books by 2023, That will require governments to make savings and increase taxes to the tune of $60 billion a year in today’s terms. How can they do this and is it likely?

    The signs aren’t good. At a forum organised by the Australian Financial Review late last week, shadow treasurer Joe Hockey — who pledged in January that a Coalition government would deliver a first-term surplus — acknowledged that such an outcome would be unlikely. Instead he offered the importance of being prudent.

    Smaller government is not necessarily the answer. Australian government spending as a proportion of GDP – 34% – is low by OECD standards. Globally, there are big governments that run surpluses and small ones that are persistently in deficit. While increasing productivity and participation are good ideas, they are also unlikely to solve the problem.

    Health, education, welfare, defence and transport account for more than two thirds of government revenue.

    To retrieve a budget deficit equivalent to 12% of government spending, cuts to some (or all) of these areas are inevitable. We cannot afford – as the Gonski reforms are suggesting – to guarantee continued growth in education spending without searching for efficiencies. Similarly, we will need to look harder at how health services can be delivered at lower cost.

    History suggests that the only way to improve budgets is through tough policy choices. That does not mean politicians have to slash and burn. But they do have to change political culture.

    Clawing back a budget deficit of 4% of GDP requires that everyone bears some budget pain. Governments will have to sell this message. This will be politically difficult, but the alternative is unsustainable: budget deficits that will be even more painful to reverse in the future.

    Australia’s strong economy gives our governments more options than many of their overseas counterparts. But they need to explain to the public why balanced budgets matter, for our current prosperity and that of future generations. Everyone will need to give up something. Which brave leaders will step forward?
    Kristo
    24th Oct 2013
    1:02pm
    There is a huge difference between efficient and effective.
    BlackCatWalking
    24th Oct 2013
    1:09pm
    Kristo I agree,
    but what do you mean in terms of the economy or economic policy?
    warwick steele
    24th Oct 2013
    1:55pm
    I am a pensioner aged 84 years. I remember well the good intentions of the Whitlam Government which in the opinion of the electorate were for too fast with our money. Then we had a repeat of this with the recent Labor Government which again was too fast with our money. Now our Government has to repair the budget and the economy with precious little wriggle room beyond raising the debt 'ceiling'. Let's hope it can be done. If we do not co-operate our purchasing power will disappear!
    Anonymous
    24th Oct 2013
    5:06pm
    Warwick Steele
    Hi, mate the Facts are that the previous govt put Australia's economy at the very top of the world and did what no other country had ever done....ticked ALL the good economic boxes AT THE SAME TIME. This when the GFC was at it's height and other major countries were flailing.

    Australia OUTSTANDINGLY beat...the USA, UK, Europe, China & Asia, and Russia, etc

    Australia was also one of the most EGALITARIAN country in the world - wealth spread out amongst the people.

    Australia's management of its economy is world renown.... The problem is that the only people who did not know about it were Australians.

    That is WHY I have been supporting the previous govt.... What they did for Australia & ALL Australians was nothing but brilliant!

    The current govt are now practising USA economic dogma which is disastrous .... All you need to do is look at the state of the USA.. Poverty and growing slums, Crime an everyday occurrence, no PUBLIC education, services, health, etc etc
    237
    24th Oct 2013
    3:56pm
    Surprised?
    Not really, just look at history.
    Every time they have got back into power it happens, they slash and burn at the lower end of the social spectrum to support their big end of town mates and blame it on the outgoing government.
    Their philosophy is that every one should look after themselves no safety net, bad luck if you fall in a hole, get yourself out!
    Don't come winging to me when they do all the things you didn't expect them to do. You obviously believed what they said and voted for them instead of looking at history.
    I didn't vote for them and am not in the least bit surprised by what is happening and the what the trend is.
    It is a pity that voters don't look at history and analyze what is on offer instead of blindly believing in three word slogans.
    Kopernicus
    29th Oct 2013
    4:38pm
    I fully agree 237. Are there times you despair at this repeated pattern? How people get sucked in by the biased media, how it's all manipulated to this end. How predictable the change in rhetoric from pre election to govt, when the real is revealed. And then the lack of opprobrium at what is now and what was said and promised then ..... etc . etc
    Pass the Ductape
    24th Oct 2013
    4:31pm
    No I don't think it's reasonable for Mr Hockey to place us so much deeper into debt Kaye and for my money, Mr Hockey's credibility has to be questioned most vigorously. He seems most definitely to be off to a bad start.

    Time will tell if he's made the right choice, but if he hasn't - then the people of Australia will not be backward in punishing the man and his party. All the lies and innuendo in an attempt to shift the blame back onto the previous government will suffice. There is clearly no doubt that we've all had a complete gutful of the blatant lies and the twisted way politicians try over and over again to play the game of pulling the wool over our eyes.

    Mr Hockey would do well to remember that he is am 'L' plater treasurer and I for one won't hesitate to give the man a good serve once I'm certain he is - or has become - no better than the fools who went before him.
    Pass the Ductape
    24th Oct 2013
    4:32pm
    'Not' suffice - sorry!
    Anonymous
    24th Oct 2013
    5:59pm
    Ductape

    You have chosen to express independent thought and have shown the ability to look at things objectively, whilst still maintaining your own views.

    Quite an achievement ….. (no, I am definitely NOT taking the mickey, I am genuinely impressed and hope I too can apply these same attributes)
    Kristo
    26th Oct 2013
    2:17am
    Ductape, well said.
    Your point about pulling the wool; in my view performing in the old way or style that the pollies and party's are used to isn't going to cut the ice.
    I think it is quite likely that Governments better get used to the idea of being one term wonders if they don't stick to their pledges. Part of the reason is the rise of social media where the views and opinions of the average punter, once you filter out the 'trolls' and rusted on's, can be aired and exchanged.
    Social media; you're on it.
    Tom Tank
    25th Oct 2013
    1:44pm
    Let's consider the nitty gritty in this. Hockey is playing the scare game and this is stage 1 in a deliberate campaign to cut spending on Social Welfare, especially to the less well-off. The so called "Commission of Audit" sounds the same as Kennett set up in Victoria. In Victoria the books were cooked to greatly, and falsely, enlarge the State Debt which was then the excuse to privatise as many State Government entities as possible.
    This Federal Commission has been hand picked, as was Kennett's, and they know the findings the Government want. This is a standard practice in business when hiring consultants, they are told what to report.
    This will then open the door to privatisations across the board. HECS, Medibank Private, Medicare think of one and it will be under threat.
    Think of the privatisation of Telstra which was badly carried out it was a disgrace and should have been done much better by retaining the infrastructure in Public ownership and selling off the retail section. I guess that went against the ideology of the perpetrators of this action.
    If you don't believe this is the probable scenario just watch and see what happens.
    Personally I am just waiting for the inevitable "It is much worse than we thought and drastic action is required" statement from Tony and Joe.
    buby
    25th Oct 2013
    11:14pm
    thinker, I think if.
    couple can have their own home(debt free) and over %$1million of investments and still receive a part pension and all their gringe benefits
    good luck to them obviously they have managed their finances real well and perhaps with a bit of help from somebody.
    I wish i could have acheived that. but i do think@60 its a bit late for me!! :(
    tisme
    26th Oct 2013
    8:22am
    the govt spends us into debt ( tony abbott included) and those with no means of defence have to pay for it are crucified to pay it back
    unicorn
    27th Oct 2013
    8:15am
    I do not trust the Abbot government and as for Joe Hockey being Treasurer it defies logic. But who said logic has anything to do with Government.
    Ritza
    27th Oct 2013
    4:28pm
    politicians of ANY party ... if they cut pensions and entitlements then their pensions and entitlements can be trimmed too.

    The "Gold" card should be taken away after 5 years and spouses should not be able to travel on it. A secretary and office should cease after 5 years too.

    eg Billy McMahon and Sonia. we the taxpayers were subsidising her to the tune of 2/3rds of hid pension for years
    MiningMagnet
    27th Oct 2013
    7:30pm
    It's easy - simply tie pensions to the pollies salary and conditions. Job done
    Any time the pollies get a rise - so do pensions
    catsahoy
    27th Oct 2013
    9:07pm
    IF THEY NEED A 'BUFFER' maybe lowering there own pay packets would be a start, they wont give a pay rise to PARAMEDICS, who do a marvelous job, but gave themselves a nice rise, put your money where your mouth is JOE,
    catsahoy
    27th Oct 2013
    9:08pm
    IF THEY NEED A 'BUFFER' maybe lowering there own pay packets would be a start, they wont give a pay rise to PARAMEDICS, who do a marvelous job, but gave themselves a nice rise, put your money where your mouth is JOE,
    Supernan
    28th Oct 2013
    12:59pm
    Tony Abbott has moved to cut the Mining Tax. Who benefits ? Multi millionaires. Who loses ? Parents lose school kids bonus, small business lose tax concessions, low income earners lose tax cuts. Why is everyone so surprised about this ! He said he would before the election & he has ? Or did no-one read his policy before voting for him ? I did & didn't vote for him.
    unicorn
    28th Oct 2013
    3:58pm
    Yes Supernan anything Abbot & Costello (Hockey) touch is supposed to be entertaining I don't know who they are supposed to entertain but it is not the pensioner nor the schoolkids just that the rich get richer & the poor get poorer but in the meantime in between time ain't we got fun?
    jessej
    29th Oct 2013
    12:07pm
    Amandea R are you Amanda Rishworth the Labor member for Kingston in SA,if this is you why don't you 0wn up oh she will try to down grade Tony's win
    salty
    29th Oct 2013
    1:43pm
    Yes, we should certainly be worried especially given, to my knowledge, neither Mr Hockey nor any other senior member of government or the public service has denied that age pensions will be in the firing line. Ambiguous and evasive comments only lead one to believe that there is indeed a risk to age pensions; it would be very easy to put this one to bed with a very simple response and reassurance, i.e 'The government will not be looking to cut age pensions for the purposes of balancing the books'.
    unicorn
    31st Oct 2013
    8:32am
    Joe Hockey does not think at all he is incapable of thinking, I am afraid. I am glad it was him and not me who tried to deliver the bad news to the Uni Stidents yesterday, I laughed myself silly when I heard on the news last night that he caused a riot with the Uni Students.
    man saw
    26th Nov 2013
    7:23pm
    lets start with bureaucrats pensions cost per head of bureaucrat to us is more then the age
    pension may we start they please ?
    Mitch
    27th Nov 2013
    1:16pm
    Yes Australia should be worried, why is it that the big mining companies can come to Australia, rape our land and not pay the taxes (that other countries charge), they came here because the former liberal governments encouraged them with low taxes, now when labour changed the rules, they had to get Tony Abbott back into their pockets and remove that tax as it did not allow them to take as much money back to there own countries as profit. Come on Australia, the mining tax was a good thing. How dare Tony Abbott and Joe Hockey think that we are all so stupid, that they can again steal from this country.

    What next throw out the people from Housing homes and sell them off, leave people on the street begging, they are already considering changing the National Disability Health Scheme and leaving the truly needy without anything, Carers have almost no rights now, Next pensioners will have to sell their homes in order to eat, but where will they live. Come on Australia why is it that we seem to be following the same path as the Americans, nothing but corruption and lies. Do we truly want the class distinction that america has, do what two classes of people in Australia, we held our heads up and showed a different way once, with fairness and equality, now if we follow them we will have Poor and the Bloody great Rich and nothing in between. Wake up this government in a few short months is flushing us down the toilet and we may never recover, but hey the plus side is ,No one will ever want to come here by boat or any other way.

    Labour introduced taxes on the companies that were making money from our resources and putting that money back into Australia, so that we the people could also benefit from the selling of those resources, now they have Tony Abbott in their pocket and it is us that will suffer.
    Mitch
    27th Nov 2013
    1:16pm
    Yes Australia should be worried, why is it that the big mining companies can come to Australia, rape our land and not pay the taxes (that other countries charge), they came here because the former liberal governments encouraged them with low taxes, now when labour changed the rules, they had to get Tony Abbott back into their pockets and remove that tax as it did not allow them to take as much money back to there own countries as profit. Come on Australia, the mining tax was a good thing. How dare Tony Abbott and Joe Hockey think that we are all so stupid, that they can again steal from this country.

    What next throw out the people from Housing homes and sell them off, leave people on the street begging, they are already considering changing the National Disability Health Scheme and leaving the truly needy without anything, Carers have almost no rights now, Next pensioners will have to sell their homes in order to eat, but where will they live. Come on Australia why is it that we seem to be following the same path as the Americans, nothing but corruption and lies. Do we truly want the class distinction that america has, do what two classes of people in Australia, we held our heads up and showed a different way once, with fairness and equality, now if we follow them we will have Poor and the Bloody great Rich and nothing in between. Wake up this government in a few short months is flushing us down the toilet and we may never recover, but hey the plus side is ,No one will ever want to come here by boat or any other way.

    Labour introduced taxes on the companies that were making money from our resources and putting that money back into Australia, so that we the people could also benefit from the selling of those resources, now they have Tony Abbott in their pocket and it is us that will suffer.
    Kato
    27th Jul 2014
    12:59pm
    Lisa Owen began by asking him how much trouble the Australian economy was in given his drastic measures in the recent Budget.

    Joe Hockey: The Australian economy is not in trouble. We’ve had 23 years of consecutive economic growth.


    Read more: http://www.3news.co.nz/Interview-Joe-Hockey/tabid/1348/articleID/354234/Default.aspx#ixzz38dLvSp61
    buby
    29th Jul 2014
    10:37am
    hEY MUSSI, that link, only says that YOUR account has been suspended lol.....NOt much good to me???