Turnbull's budget???

Discussion in 'Australia, NZ, Pacific' started by garry17, May 4, 2017.

  1. garry17

    garry17 Well-Known Member

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    Now, we have heard all about the ideas of good debt and bad debt, the need to borrow for infrastructure and stop borrowing to pay welfare, and more ideas of how to stop the housing investment to help artificially people to buy their first home.

    http://www.afr.com/news/economy/regulatory-crackdown-isnt-targeting-high-house-prices-says-rbas-philip-lowe-20170504-gvygb2


    This, however, is the first budget Turnbull can show his economic understanding and ability. For me, with Morrisons (again makes Swann look like a genius in this area) he will continue to struggle to show any credibility and with the meanderings made to try and soften the blows in the budget, he will be found lacking.

    This continued short sighted policy and regulatory impositions were simply the calls of the ALP ignorant of economic understanding. Now Trundall LOL in his need to appear to be doing something has imposed many new demands on the financial institute’s lending (all in quiet) in an attempt to divert attention away from having to point out that the Federal government is actually irrelevant in this and that the states need to stop blaming them for short sight state policy which has lined the pockets of the state coffers.

    Turnbill knows if he can appear to solve this problem the ALP will be doomed to suffer in government exile while a huge government debt is in existence. Should he succeed, Trundill will become a legend in the Coalition journals and maybe, even rival Howard.

    We can see, Shorten shacking in his boots, as he rolls out policy promises that are certain to set his demise by paralysing his party leadership to previously failed policy and ignorance of economic impact the shadow Treasurer should know (Appears to be as useful as Morison) but refuses to tell him.

    The next budget will be interesting, I expect lots of lollies but a undertone of policy changes which will become detrimental with future investment unless they can get the states to ride along.

    With several of the ALP states just opposing to stand appose to the Federal government. Since the State ALP governments want to stand out and impede and oppose Turnbull at every turn rather than taking responsibility for their own government actions. One really has to wonder if it is prudent to rely on the states to do their jobs??? I seriously question if any of them will…
     
  2. garry17

    garry17 Well-Known Member

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    Well budget has been handed down and low and behold the rabble left only have comments to show their so called empathic nature.
    So on with the show.


    Morrison has handed down possibly the most soul crushing budget for opportunity Australia has seen. Bank taxes for the common people while reducing the taxes for the higher income earners with the justification of higher income earners pay more because they earn more. Increases in the Medicare levy for the purpose of funding NDIS scheme, a scheme funded by the whim and prays of the ALP as appose to actual funds which NOBODY objects to except the ALP (of course). However, forgetting the purpose of the Medicare levy was to prod the higher income earners to buy private healthcare to alleviate the unsustainable strain on the health care budget so the poorer will have health cover. IF at any time the ALP lies of the Coalition wanting to destroy Medicare were in evidence, here it is. But what is it they do, kowtow to the populist politics because unlike their predecessors of Hawk and Keating, they are too scared and apparently ignorant to take the right stance on these things.


    Turnbull has been continually told about this clown and he still hangs his hat on the same nail. Turnbull has done his dash, people had high hopes and he just continued to show his incompetence. Hanson, Xenophon, even Lamby should stand for PM, the Current Greens, ALP and Coalition are so strung up on preventing opportunity in Australia, at least the crossbenchers are not pretending to be incapable.


    And on this political forum, people want to simply troll and discuss religion, go figure.
     
  3. slipperyfish

    slipperyfish Well-Known Member

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    This budget was more political than it was financial.

    To me it seems Turnbull has placed a dollar each way on all runners.

    Only the ignorant would think the bank levy is a good thing. It is a shameful money grab by the government under the guise of taking the banks on. Rubbish. Like any business it will be seen as a cost and passed on to the consumers. The Government knew this, but also knew the banks stink as much as they do, so they are looking to place the blame on their good friends the banks. Shameful.

    No vision, no courage.
     
  4. garry17

    garry17 Well-Known Member

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    And the worst is the ordinary consumer who are unable to simply move (as suggested) are the ones who pay. You know those who the opportunity is needed to grow their wealth not those who just increase it. People don't realise that once you are of such a level wealth you can name your own price to the banks, and these are the ones who will not be paying this levy.


    Turnbull has shown his spots and clearly they are not for Australia’s interest...
     

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