LNP Record

What has the LNP government achieved over the past 3 years? What have they done, not done? What have been their weaknesses and downfalls? Any positives?

Leading up to the election let's have a good hard look at the record of the Abbott/Turnbull government.

FirstPrev89101112(page 12/12)
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Crikey paywall

Despite solemn promises to reduce debt, the Abbott government’s borrowings rocketed after the 2013 election, averaging $4.85 billion per month until both the PM and his hapless treasurer Joe Hockey were ejected. The central reason for Turnbull’s leadership challenge was that Abbott “has not been capable of providing the economic leadership our nation needs”.

The dismal data

Gross debt is now $450.79 billion. This is $173.4 billion higher than the $277.4 billion Labor left in September 2013 — up 62.5%.

Net debt was $312.3 billion at the end of August. This is $137.7 billion above Labor’s $174.6 billion legacy — up 78.9%.

Interest bill doubled

Taxpayers paid $1.26 billion in net interest in July and again in August, or $40.7 million per day. It will be higher henceforward.

In its last financial year, 2012-13, Labor paid $8.28 billion. The Coalition paid $12.0 billion in the year just ended, an increase of 45.3%. Budgeted interest expense for this financial year is $16.64 billion, more than double Labor’s last full-year bill.

Unfortunately the debt wil keep increasing as Labor whilst in  power spent money and put in policies into the future which were unfunded.

Ah, the old "Blame The ALP" strategy.

Abby

That is utter rubbish so I will... repeat... repeat... repeat... some facts for you that were JUST on the PREVIOUS PAGE:

 

OKAY... what happened to Australia whilst the previous Labor Govt were in power.... something that ONLY Australians were unaware of because Australian CORPORATE media did not tell them (quite the opposite occured with poison poured into the electorates ears):

DURING THE GFC when most other countries in the world were floundering (including the world currency nation - the USA), the Labor Govt:

- put Australia's ECONOMY at the very top of the WORLD, we were the best of the best of the best ECONOMY in the WORLD..... we beat China, USA, Russia, UK, EU, the lot!

- Australia ticked ALL the good boxes for the first time in history

- these WORLD acclaims were not made by the Labor Govt but by INTERNATIONAL ASSESSMENT

- gave Australia a triple AAA credit rating FOR THE FIRST TIME EVER

- Got the AU$ included in the International mix of currency FOR THE FIRST TIME EVER

- Australia was shown to be the most EGALITARIAN nation in the WORLD (wealth spread out)

- Budget was planned, managed and working

- Services, benefits, utilities were provided to the people without reduction or negative changes.... including education and hospitals and health

- massive infrastructure projects were initiated and on time - one of those projects was so large (the Labor Party NBN) it was called a 'world wonder' internationally and would would have put Australia 20 years ahead of the rest of the world in technology and innovation, so that Australia didn't have to live off the sheeps back or FLOG its resources off to FOREIGN megacorps for very little in return.  As compared to the Liberals NBN which is so much of a JOKE internationally, it was and still is embarrassing (idiot Abbott tried to flog their NBN overseas when just about every country, including 3rd world countries were pulling out the LIBS rubbish)

- DEBT..... yes, this debt was used to do all the wonderful things above BUT it was well planned, budgeted and implemented, so that when the crisis was waning in the rest of the world, Labor were in the process of reducing that DEBT in accordance with their plans to do so.

  As the ABC FACT CHECK found:

  UNDERLYING CASH BALANCE as a SHARE of GDP 

  2006-07        1.6%   Coalition

  2007-08        1.7%   Coalition/Labor

  2008-09       -2.1%   Labor (UPSIDE of GFC)

  2009-10       -4.2%   Labor (HEIGHT of GFC)

  2010-11       -3.4%   Labor (START of downside of GFC)

  2011-12       -2.9%   Labor (DOWNSIDE of GFC)

  2012-13       -1.2%   Labor (BOTTOM of GFC)  

  Pretty clear and beyond doubt that Labor used the Govt DEFICIT to SHORE up the Australian economy, so that Australia not only survived the GFC but EXCELLED during the GFC.

 

NOW, Abby..... show me what the LIBERAL PARTY have done with THEIR MASSIVE INCREASE IN THE GOVT DEBT  (to higher than Labor's 4.2%)  

Our economy is sliding ever downward,

Our triple AAA credit rating is in peril,

The value of our AU$ has dropped by a massive 30%

The budget has never been balanced,

The govt can't afford services, benefits, utilities, PUBLIC education hospitals health,

The NBN is a total SHAMBLES - not to mention that it is a LOAD of RUBBISH anyway.



NOW, Abby..... once again (sigh)...... HOWARD used taxpayers money to advertise OUTRIGHT LIES to the PUBLIC about GST.  This disgusting inequitable and unfair tax that is mainly borne by the average and poor brought in billions into the coffers and cost each household about $2000pa.

So, Howard has billions in the coffers by taxing the poor and average Australians who pay the most in INCOME tax and give the wealthy a tax break which STILL leaves the coffers overflowing.

Besides, taking Australians to an ILLEGAL INVASION of another sovereign nation slaughtering over 650,000 innocent civilians in Iraq which took some money out of the coffers, HOWARD then gave most of the balance, to the wealthy in the form of using taxpayers PUBLIC FUNDS as millions upon millions in WELFARE for the wealthy to reduce their education and health costs whilst creating exclusive education and health for them and their children, simply by making many Australians compulsarily contribute to this new form of exclusive education and health service WHILST CUTTING DRASTICALLY any FUNDING to PUBLIC education and health. 

HOWARD, did NOT spend the windfall gained from the poorer and average Australians on AUSTRALIA's FUTURE in the form of infrastructure ...... NO, he just gave it to the wealthy.

Of course, he left some money in the coffers to 'break even' so to speak BUT ensured that he committed ALL future governments to continuing payments to WEALTHY PRIVATE SCHOOLS & HOSPITALS & HEALTH SYSTEMS.

 

 

Now, all govts are struggling to maintain this SUCKING OUT of TAXPAYER FUNDS from the PUBLIC PURSE, especially when this lot of CLOWNS also give away multimillions to FOREIGN MEGA CORPS to screw Australian, force us to change our laws to suit their pockets; hand over our PUBLIC UTILITIES (power, etc); hand over huge $$$$ contracts to MANAGE our govt depts & car parks; sell off huge profit making PORTS and facilities; and take our RESOURCES for next to nothing and completely STUFF UP our environment..... for our KIDS to have to pay for!!!!!!!

 

For someone who is opposed to Homosexual marriage , I thank Mr Shorten for denying the 75 per cent that agreed with it a voice , and for putting Homosexual Marriage off into the future . Giving to those who oppose time to organise and convince .

Wrong topic

Carlos

GIVEN the topic, I am sure you mean that Turnbull doesn't quite know what he is doing... yes... given that he continually changes his mind on gay marriage... or is it that Turnbull is not leading this country but the NEO CONS with their snouts in the trough and Turnbull is merely a wishy washy fool with no power!

A plebiscite costing over half a billion which will cause massive divisiveness and nastiness between powerful minorities and the rest of Australia, feeding bigotry and hate.... just so a vote can be taken that IS NOT BINDING!

Oh! please, get a grip, the only thing put off was a HUGE DISTRACTION away from this govts CLOWN ACT!  

 

Mussitate as I said . I thank Mr Shorten for denying the 75 per cent ( according to posts on here)
A voice in proposing Homosexual Marriage. Then could have had it in February 2017 . As Turnmbull and the government have said and were elected. On a policy of enforcing the will of the people .


 Regarding homosexual marriage it has been to parliament twice and rejected the last time even Ms Gillard and Rudd voted against.
Now Mr Shorten has denied the 75 per cent ( according to this site ) a voice .
It reminds me of the time the greens voted against Rudds carbon tax . And Turncoat crossed the floor . Without punishment.

 

Oz economy has grown a MASSIVE 25 % since 2008 and just before the global recession hit



In contrast , Germany's has only grown 8% while US and rest of Europe has been slugggish 

 

growth is due to enormous growth in  services sector - tourism, education and business services

 

Carlos

You must be referring to RUDD'S govt because our growth has died in the a*se, under the current govt.  

If you have a source for this information, it would be interesting to see.

Mussitate offer something constructive , you are talking to a group of elders with a life time experience . Your raves offer nothing 


Source is from HSBC Chief Economist at a Private Wealth function in Melbourne today.

Webinar available here

https://engage.vevent.com/index.jsp?eid=7154&seid=11

FirstPrev89101112(page 12/12)
157 comments



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