budget QQ - they took away my monies

[Fukushima]

Budget landing tonight and its time for a biannual political thread. I'm betting locked before page 5.

67 tax changes
Billions for WA roads but $3 per tank increase in fuel each year
Finally a price signal for GP/ED visits (I think this is a good idea)
The end of family tax benefits? (Guess at least I won't have to bother filling out any centerlink forms)

Get your sook on...

http://mobile.abc.net.au/news/2014-05-13/live-blog-coalition-prepares-to-deliver-tough-budget/5448702

[DESAM8+PANIK]

yup ... its fucked ......... I have had my rant :(

[-Luke-]

Story of my fucking life, work hard pay my taxes, don't have a kid until i'm 33yrs old and financially stable enough to not need the handouts.......and they take my handouts away.

I could have bought export and winnie blues with that money.

EDIT: and regardless of your political persuasion we are fucked. Liberal will put in place the necessary changes to sort out the finances, we will vote them out and labour won't repeal any of the changes.

[Bomber]

^^as above^^ although if they are going to put a levy on +$150k earners, I'll be going a novated lease to bring me back under. Opens up a world of options even if it is a shit way to get a car. Especially if they'll let me lease the missus' car which we bought new 18 months ago. Then I'll have enough to start a race car. Because race car.

[HotAe92]

Whatever, nothing can be done now that these useless crooked pingpingpingpings have been given the driver's seat.

I'll have a chuckle in 3 years time when the majority of the public decide that having a government with at least a little social conscience isn't such a bad thing. Bring on 2017.

[ReaperSS]

Doesnt matter who you vote for ,both sides of the fence are pingpingpingpings! All full of shit rich wankers that love children and hookers and wear womens clothnig. They all can go get fucked. Let the 1%ers run the show i recon!
Every single last polly can go jump off a high bridge for all i care. They dont care at all about anyone but them selves.

[protecon]

Every single last polly can go jump off a high bridge for all i care. They dont care at all about anyone but them selves.
As opposed to everyone else posting in this thread?

[DanWA]

the liberal way... rich get richer, poor get poorer

meanwhile w.a is propping the whole country up still

[volt_bite]

As opposed to everyone else posting in this thread?

Agreed. If the country as a whole benefits, but you suffer personally, then everyone can die in a hole. Am I right?

[Tsunamix]

meh.

Budget blowout from previous governement.

this government moves to fix it, because 20 billion a year in interest sucks balls.

Everyone bitches, blames the libs and can't wait for the next election to get a government with a social conscience again, who will spend up big on social welfare, and put us back in a debt hole.

We had it given to us by the labour govt, and the libs take it back.

I don't like. But i blame those who want all the hand outs, and take none of the responsibility for the handout costs.

[MadDocker]

meanwhile w.a is propping the whole country up still

Fortunately for the good of the entire country we are in a position to help. We've received our share over the years as well. Swings and roundabouts.

Never going to keep everyone happy but hard to have anything but a tough budget with so much debt.

[Gr3mlin]

meh.

Budget blowout from previous governement.

this government moves to fix it, because 20 billion a year in interest sucks balls.

Everyone bitches, blames the libs and can't wait for the next election to get a government with a social conscience again, who will spend up big on social welfare, and put us back in a debt hole.

We had it given to us by the labour govt, and the libs take it back.

I don't like. But i blame those who want all the hand outs, and take none of the responsibility for the handout costs.

All I care about is the current government fucking with NBN.

BRING BACK KEVIN RUDD!

[American Dave]

the age of entitlement stops right now, hooooray

[skidkid]

This thread will not disappoint.

Stereotypically, lower income earners/non-educated people love labour giving them money, where educated/higher income earners push towards liberals as they realise we actually have to work for shit, rather than expect handouts.

Labor managed to fuck with a good thing; hopefully the libs can get this shit sorted.

[SimonR32]

http://www.actforaustralia.com/sites/default/files/styles/large/public/JohnHoward3.jpg

https://lpaweb-static.s3.amazonaws.com/Govt%20net%20debt.jpg

You can't argue with facts or history. Labor puts the country in heaps of debt and then Liberals get torn a new hole for budgets to try and get the country out of the red

[Buckets]

Every dollar the government spends comes from either taxes or borrowings which must be repaid at a later date through taxes.

The problem with running up huge deficits and leaving a trail of debt is that unless the debt is repaid it does not go away and instead festers and grows leaving a mess for a younger generation to pick up the tab for, or in the case of Europe pass the buck on to the next generation.

No one myself included likes paying tax let alone more of it than we already do however because lefties think everyone who doesnt earn enough to cover their lifestyle ought to be given a handout to do so we spend more than we earn. As a result we now have a situation where the government has quitw boldly taken baby steps to ween the masses off the tit of entitlement and decided to scab a few extra dollars of those it deems can afford to hand them over. Of course there are going to be screams from those who've come to unfairly depend on the public purse covering their arse.

What Abbot has done is a start but personally I think the cuts needed to be far deeper & far more "painfull" especially for those "middle class welfare" recipients.

[Fukushima]

Lol. Howard and Costello brought in middle class welfare, froze the petrol excise and cut income taxes leading to the structural deficit that Abbott now has to fix by reversing those things.

Granted labor had six years and completely failed to fix it but let's not pretend middle class welfare was a labor invention

[Nugs]

http://www.actforaustralia.com/sites/default/files/styles/large/public/JohnHoward3.jpg

https://lpaweb-static.s3.amazonaws.com/Govt%20net%20debt.jpg

You can't argue with facts or history. Labor puts the country in heaps of debt and then Liberals get torn a new hole for budgets to try and get the country out of the red
I'm typically a Liberal supporter but that is not a great example as Howard and Costello pissed so much money away on tax cuts and increased welfare.

Haven't fact checked these figures but

The Treasury reported that the mining boom and a robust economy delivered windfall gains of $334 billion in between the 2004-05 budget and the 2007 election. Of that, the Howard government spent, or gave away in tax cuts, a stunning 94 per cent of the windfall, according to the Treasury
http://www.theage.com.au/comment/tony-abbotts-psychostyle-attack-on-spending-demolishes-fiscal-fantasy-20140502-zr3do.html

With a bit better long term thinking we could have had something like this.
http://www.abc.net.au/news/2014-01-09/all-norwegians-become-millionaire-shareholders-in-world27s-big/5191480

[ossie_21]

I hate politics, but at least I'm lucky enough that when I go to vote I don't think I could get shot in the aftermath

[volt_bite]

I think its a move in the right direction.

Can't let things get out of a hand like the US or Europe.

[American Dave]

tiny aging population with big arse debt repayments + entitlement culture + demise of manufacturing = economy of Greece if we don't fix it now

[schnoods]

Since i have been working for the last 15 years, I have never had it so tough workwise as today, even during the Global Financial Crisis.

This financial year i probably stand to have a cut in income by 40%, working in metal fabrication where income and work depends so much on the climate economically in the mining and construction sectors, the Carbon and Mining Taxes have just killed the costing which have killed any real expansion projects, maintenance is on a "as required" basis and alot of growth has been put on hold as the rules and tax goalposts keep getting shifted.

Plus the National Disability Insurance Scheme and other white elephants just add to the pressure. Honestly, if they've had a look at the books and saw that we're up shit creek or potentially could be in a much worse state financially, then so be it. I'd rather steady the ship now than be in a recession years from now whilst the rest of the world are digging themselves out of the holes looking at better times.

[HotAe92]

http://www.actforaustralia.com/sites/default/files/styles/large/public/JohnHoward3.jpg

https://lpaweb-static.s3.amazonaws.com/Govt%20net%20debt.jpg

You can't argue with facts or history.

You can, especially when people are so easily fooled by graphs sent around in some amateur chain email.

$39bil was inherited by Hawke from the Fraser (Liberal) government in 1983.

Howard/Costello didn't do fuck all. They flogged $72bil of public assets to achieve that surplus, including:
-Telstra ($1.7bil half year profits)
-Qantas share
-Commonwealth Bank (remember that $4.2bil half year profits last year?)
-Perth, Brisbane, Melbourne, Sydney and a shitload of other Airports

All of which are good earners.

http://www.finance.gov.au/property/asset-sales/past-sales.html

Now we will see the sale of Medibank with this government, also a good earner, to achieve surplus. So is it really a net surplus, when all you are doing is replacing profit-earning assets with cash?

And I haven't even started on de-regulation, which we will now see hit our universities.

I have no problem with Governments spending money when its required, and you could argue that given the events over the past two terms of government, it was required.
There is no problem with debt, as long as there is some structure in place to reduce it. After all, how many of us have mortgages which are being paid off over 10,20,30 years?
FWIW, Labor acknowledged that there was a sizable debt to be paid, and they had a plan to achieve surplus by 2018-2019. No asset sales, no drastic policy changes, and delivering an NBN, Gonski and NDIS reforms.

[SimonR32]

You can, especially when people are so easily fooled by graphs sent around in some amateur chain email.

LOL

http://www.liberal.org.au/latest-news/2013/03/27/labor-must-recognise-facts-about-australias-record-debt

https://www.facebook.com/photo.php?fbid=10151566620642464&set=a.173321122463.160263.13561467463&type=1&relevant_count=1

Ignorance is bliss

[HotAe92]

LOL

http://www.liberal.org.au/latest-news/2013/03/27/labor-must-recognise-facts-about-australias-record-debt

I did say amateurs.

[Fukushima]

Had a listen to the budget. They've spent weeks talking about how tough they were going to be and done fuckall


Defecit levy will cost someone on 250k $1400 a year for three years

Compare that to taking thousands off the middle class by ditching the family payments and slugging the sick and you can see who they are looking after

[huggy_b]

No change for me apparently.......

[-Luke-]

So if I loose all my entitlements and have to borrow money off my Dad for smokes does that mean I'm now a Proson?

[BASSULA]

Had a listen to the budget. They've spent weeks talking about how tough they were going to be and done fuckall


Defecit levy will cost someone on 250k $1400 a year for three years

Compare that to taking thousands off the middle class by ditching the family payments and slugging the sick and you can see who they are looking after

Way to make it look like they are taking from the rich to make the poor people happy when they wont look in their own back yard.

but for me no kids never had any welfare and work my ass off it just costs me more and more.. but I have no real reason to complain.. will be good for the country later on.

[S85FI]

You folks need to live in a country outside of Australia. .. might not complain so much.

[Greg Rust]

You folks need to live in a country outside of Australia. .. might not complain so much.

New Zealand.

[Baron]

Stereotypically, lower income earners/non-educated people love labour giving them money, where educated/higher income earners push towards liberals as they realise we actually have to work for shit, rather than expect handouts.
Stereotypically, people who come from wealthy families who own the sources of capital love the Liberals for protecting their interests and limiting the rights of labour, whereas workers and those people who are in favour of more progressive and socially conscious policies tend to support Labor.

As for education... almost everyone in my circle of friends has a degree, mostly all from UWA, and not a single one voted Liberal.... and only one had a 'Humanities' degree. I've known plenty of uneducated people to vote Liberal. Not to mention that study which noted a correlation between lower childhood intelligence and future conservative voting patterns. Which was amusing, if not quite conclusive.

But hey, generalities and Winny Blues heeeeeeey!!

[S85FI]

New Zealand.

I'll try that again.... :) live in a country that's not part of the 5 powers agreement.

[Lump]

Especially if they'll let me lease the missus' car which we bought new 18 months ago. Then I'll have enough to start a race car. Because race car.
Yes you will be able to that, I did it a couple of years ago.

[Lump]

All I care about is the current government fucking with NBN.

BRING BACK KEVIN RUDD!

http://i1120.photobucket.com/albums/l482/RXF35/sda_zps9517dae1.jpg
;)

[adrenalin]

All you can do is laugh at Pro Labor people...

Your lucky in this country to receive any kind of assistance. Everyone bitches when liberal come in and cut spending and raise taxes and costs...

How do people think we repay our debt ??? the money has to come from somewhere and its not fair that majority of people on 6 figures a year actually work their ass off for that money, spent years educating themselves and living on a shit allowance to have themselves a future should have to lose more money to try and bridge the lower earning people. If you want more money how about trying to work for it, go and study something to make a better future for yourself. The whole " i got a mortgage so i cant study is also bullshit " Can study at home after hours etc.

Sidenote: Since liberal has been back in its also good to see the boats getting turned the fuck around. I would rather see money go to people from our own country who need it rather then others.

[Satan]

cut educating funding = ensures they keep the lower class in their place

which is quite disturbing given most of the so called educated people on this forum don't know the difference between They're and Their, You're and Your...

[evo5aurus]

cut educating funding = ensures they keep the lower class in their place

which is quite disturbing given most of the so called educated people on this forum don't know the difference between They're and Their, You're and Your...

This is naive and simply not true. The HELP system will still be in place, the only difference is that you'll have a larger loan to repay.


Also, if you're going to criticise grammar at least punctuate the sentence correctly...

[S85FI]

You dont need a degree to earn 6 figures. Agree with it's your choice to chose the
Financial direction.

Boat people policy is just hearts and mind game. Whether they are here or not we still donate a large amount of $$$$ si whether we deal with them here ir not, Gov spends just as much money. If it wins votes its a win locally.

All you can do is laugh at Pro Labor people...

Your lucky in this country to receive any kind of assistance. Everyone bitches when liberal come in and cut spending and raise taxes and costs...

How do people think we repay our debt ??? the money has to come from somewhere and its not fair that majority of people on 6 figures a year actually work their ass off for that money, spent years educating themselves and living on a shit allowance to have themselves a future should have to lose more money to try and bridge the lower earning people. If you want more money how about trying to work for it, go and study something to make a better future for yourself. The whole " i got a mortgage so i cant study is also bullshit " Can study at home after hours etc.

Sidenote: Since liberal has been back in its also good to see the boats getting turned the fuck around. I would rather see money go to people from our own country who need it rather then others.

[S85FI]

Also, if you're going to criticise grammar at least punctuate the sentence correctly...

Well fuck me, what I suspected- RW management are unedumacated. There was sure some grammar error with their work on the race regulation rules thingy ma jig. :)

[Evman]

http://www.actforaustralia.com/sites/default/files/styles/large/public/JohnHoward3.jpg

https://lpaweb-static.s3.amazonaws.com/Govt%20net%20debt.jpg

You can't argue with facts or history. Labor puts the country in heaps of debt and then Liberals get torn a new hole for budgets to try and get the country out of the red

Lol you can argue with selective facts or history. It was Howard that implemented sweeping tax cuts during the rise of the resources boom, which Labor had to wear during the financial crisis. The current budget is apparently $40bill short of where it'd be without Howard's tax cuts alone

[magic1]

with no debt, shouldn't the government reduce taxes to stimulate business?

[SircatmaN]

I am so over politics in this country and the fact people actually think the parties differ. They are both in it for themselves, no matter who you vote for they are going to do whats right by them and never you. Labor are a joke, Liberal are a joke and the Greens are ESPECIALLY a joke. I followed politics very closely for the last 10 years and I am just sick of it, politics aren't a sport you shouldn't blindly follow one team no matter how shit they are and try and convince everyone they will be better.

South Park had it right.

https://www.youtube.com/watch?v=UthMHjoNyjA

[_S9_]

good to see the boats getting turned the fuck around. I would rather see money go to people from our own country who need it rather then others.

http://i1.kym-cdn.com/entries/icons/original/000/010/319/almostpolitically.gif

Sounds about right...

[Fukushima]

I'm not apologising for labor. They got voted out for being incompetent.

I think the deficit tax is a joke and should kick in at 100k not 180k. At the moment the budget barely affects me or pretty much anyone here and it should if we were all meant to be doing heavy lifting.

The top tax bracket only covers 3% of taxpayers and this silly levy will only raise a billion a year for three years.

Compare that to the billions the middle and lower class are contributing and its a farce

[crabman]

I am so over politics in this country and the fact people actually think the parties differ. They are both in it for themselves, no matter who you vote for they are going to do whats right by them and never you. Labor are a joke, Liberal are a joke and the Greens are ESPECIALLY a joke. I followed politics very closely for the last 10 years and I am just sick of it, politics aren't a sport you shouldn't blindly follow one team no matter how shit they are and try and convince everyone they will be better.


THIS

I don't know if it's Facebook's algorithm knowing I want to see it or it is becoming more and more popular on social media but respect for real Libertarian-ism seems to be gathering in popularity and I think the LDP and other minor parties that support this ideology will get a hell of a lot more votes in the next few elections. It's just a shame that the major parties want to change the rule book to secure their placement in Australian politics, an absolute farce that should be causing widespread outrage.

I know Clive is a loose cannon but hopefully he is successful with this http://www.theguardian.com/world/2014/may/12/pension-access-clive-palmer-wants-mps-treated-the-same-as-all-citizens

For anyone wanting a quick read on the LDP's stance pre budget release http://www.afr.com/p/national/budget_for_real_liberal_mABwgz5ztjYDmbIqpVVU3I

In regards to the actual budget, GP co payments should have gone up to like 20 bucks. Made me sick watching the post budget analysis by the ABC interviewing people in their homes there was a guy complaining it would cost 35 dollars for his family of 5 to see the doctor..... are you fucking serious pingpingpingping.

Fuel excise increase: the wording from Hockey was scary in the fact he only said the increase will be tied to road projects by law, meaning the current amount is still used as petty cash. I bet it wont be sent back to the states to use on their own roads as well. Will be the usual funding of big ass fucking tunnels in the eastern states whereas we still have backyard on/off ramps where our major ring road meets out major freeway.

I'm raging too hard to comment any more.

[Fukushima]

Eg. Say you get sick and normally went to a bulk billing clinic (I normally pay $40 after rebate but anyway)

$7 to see gp
$7 for the blood test
$7 if you need to have an ultrasound or xray

Then you go off to get two prescriptions, they are now going to be $41 each

Scripts don't make you better and you end up at the hospital... Another $7 for attending the ED and referred back to your go for a checkup in a week $7... And $7 for the follow up blood test


I thought $5 to see the doctor was fair but all these extra fees for pathology and xrays and scripts is obscene


Edit: just read its capped at $70 a year. I'm not worried if that's the case.

[Nugs]

I'm not apologising for labor. They got voted out for being incompetent.

I think the deficit tax is a joke and should kick in at 100k not 180k. At the moment the budget barely affects me or pretty much anyone here and it should if we were all meant to be doing heavy lifting.

The top tax bracket only covers 3% of taxpayers and this silly levy will only raise a billion a year for three years.

Compare that to the billions the middle and lower class are contributing and its a farce

They already do all the heavy lifting, if you look at the figures only the top 20% of earners were actually net contributors to government revenue.
eg.
http://www.theaustralian.com.au/national-affairs/rich-are-paying-their-fair-share-and-then-some/story-fn59niix-1226567054479#

[Joe]

cut educating funding = ensures they keep the lower class in their place

Good.

[protecon]

Eg. Say you get sick and normally went to a bulk billing clinic (I normally pay $40 after rebate but anyway)

$7 to see gp
$7 for the blood test
$7 if you need to have an ultrasound or xray

Then you go off to get two prescriptions, they are now going to be $41 each

Scripts don't make you better and you end up at the hospital... Another $7 for attending the ED and referred back to your go for a checkup in a week $7... And $7 for the follow up blood test


I thought $5 to see the doctor was fair but all these extra fees for pathology and xrays and scripts is obscene

Take a look at some health care worldwide.

If you're having all those tests done, spending a few dollars is the least of your worries.

[Trolley]

In regards to the Howard & Costello economic saviours myth, an old but good article - http://www.themonthly.com.au/issue/2007/october/1274939034/andrew-charlton/comment

[volt_bite]

Pointing the blame gets us no where.

I think most of us understand that there is no perfect government. We just need to fix shit up and make Australia a better place and not fucked up like the rest of the world.

[DanWA]

what would be so wrong about welfare/pension being only for people born here?

[-Luke-]

My Mother wasn't born in this country, but she spent her entire working life paying taxes in this country.

I think she is as entitled to a pension as somebody who was born here?

[Joe]

what would be so wrong about welfare/pension being only for people born here?

BECAUSE STRAYA!!!!!!!!!!

My grandparents paid more money in tax than you'll ever earn, and they weren't born here.

My grandmother doesn't get a pension, she still has to lodge a tax return and she's 92 years old.. but of course, some bludging pingpingpingping born here will benefit from that.

[MadDocker]

what would be so wrong about welfare/pension being only for people born here?

[Today, over a quarter (27%) of Australia’s population is overseas-born, a proportion considerably higher than in other receiving countries such as the US (13%) and Canada (20%). Immigration added 228,000 people to Australia’s population in the year ending September 2012, or 60% of our growth.]
http://theconversation.com/23-million-and-counting-why-australias-population-outlook-is-the-envy-of-the-world-13660
http://en.wikipedia.org/wiki/Demographics_of_Australia

That's pissing off a fuck load of voters.

[DanWA]

fuck, im not saying do it, it was just a suggestion

theyd have the budget in surplus pretty quick by all your calculations though

[MadDocker]

My grandparents paid more money in tax than you'll ever earn, and they weren't born here.

???
http://images2.alphacoders.com/461/461510.png

[-Luke-]

^worse, they were project managers.

[Sebdullah]

this can all be solved by legalising weed

[Joe]

Something like that!

[DrKarl]

^^^^

Point and blame, whinge, protest....Nothing gets us anywhere anyways.

[ReaperSS]

this can all be solved by legalising weed

Agreed!

[TJ]

Hey you dog pingpingpingping immagnt fucks, thanks for building most of the infrastructure of this nation post ww2, now fuck off back to your own country for a pension


STRAYA

[Sebdullah]

Hey you dog pingpingpingping immagnt fucks, thanks for building most of the infrastructure of this nation post ww2, now fuck off back to your own country for a pension


STRAYA


*immigant, learn to spell you unedumacated fuck

[Jase]

I got no drama with the budget reining in some spending and what not, but I do have a issue with all the neckbeards on facebook whining about it all fucken day.

"He ruined the country, money is for rich people"

"I can't get a job coz Tony fucked the economy", No you can't get a job coz your a fat stoner who can't go 10minutes without a bong and coughing up a lung, not to mention you stink like a fridge full of arseholes.

/pointless rant

[S85FI]

Jedi kurac


Hey you dog pingpingpingping immagnt fucks, thanks for building most of the infrastructure of this nation post ww2, now fuck off back to your own country for a pension


STRAYA

[Jumanji]

Have to side with Libs here, even as much as I hate Tony Abbott (Not the party specifically him) he actually is doing something constructive and not pissing away all of the Countries money on stupid shit.

How will this effect the Victoria Quey Construction?


^ Above statement is coming from a person who thinks Anarchism is a sound theory.

[Joe]

Victoria Quay and other developments = State Govt.

[Nugs]

Isn't Elizabeth Quay funded by the State Government?

I was listening to Tony Abbott on the radio this morning and one thing I really liked was him basically saying they need to stay out of State matters and get rid of the duplication of Bureaucracy.
May have been a thinly veiled excuse to cut health and education funding but I agree with the principle.

[Jumanji]

Victoria Quay and other developments = State Govt.

Woops got that one wrong.

[Joe]

Did you mean Victoria Quay (Fremantle Ports) or Elizabeth Key (Swan River)?

Either way, both are being developed and both are State Govt. projects :)

[Chivalry]

Don't care. As long as you can still buy cheap piss, it's Straya all the way pingpingpingpingpingpingpingpingpingpingpingpings!

[volt_bite]

Did you mean Victoria Quay (Fremantle Ports) or Elizabeth Quay (Swan River)?

Either way, both are being developed and both are State Govt. projects :)

Fixed. Damn immigrants.

[Tre-Cool]

what would be so wrong about welfare/pension being only for people born here?

coz most of the lazy fucks are the people born here.

I say if you were born here in the last 30 years and haven't worked for the last 2. Cut off.

[Jumanji]

Swan River is what I meant

[volt_bite]

Who doesn't like pictures and information?!

https://62e528761d0685343e1c-f3d1b99a743ffa4142d9d7f1978d9686.ssl.cf2.rackcdn.c om/files/48444/width668/z3s3mb5t-1400036305.jpg

Source: https://theconversation.com/infographic-federal-budget-at-a-glance-26658

[crabman]

Retard question because I am not 100% clued up, because politics was last mandatory in school when I was in junior school... How many of the proposed budget items have to pass the Senate before being rolled out and 100% in place?

[adrenalin]

http://i1.kym-cdn.com/entries/icons/original/000/010/319/almostpolitically.gif

Sounds about right...


yep thats it .....

Why not help everyone else before helping the citizens we already have who are struggling.

[Trolley]

Why not help everyone else before helping the citizens we already have who are struggling.

Because Global Superman

[Baron]

yep thats it .....

Why not help everyone else before helping the citizens we already have who are struggling.

Well if you want to look at helping the people who need it most, or helping the most people, I think on most measures you'd be looking to increase Foreign Aid and our intake of refugees.

Not that it is exactly an 'either/or' question.

[hako]

Good graphic, I didn't know the extent of the cuts before I saw that.

Glad they have cut company tax (I do not own a business but 30% was too high for sure), glad they have increased it for the top tier companies.
Agree with tightening of Unemployment benefits and Family tax benefit B. But then I am employed and I don't have a family.

Apprenticeship incentives were too generous I thought, so cop that pingpingpingpings.

All in all I'm single earning 100k so I will just suck any increases up, do feel for people living just above poverty though.

[schnoods]

http://www.youtube.com/watch?v=768h3Tz4Qik
Had to be added.

[volt_bite]

Our company tax rate is way too high, UK is 21% and going to go to 20%!

[-Luke-]

..

[Brockas]

Good graphic, I didn't know the extent of the cuts before I saw that.

Glad they have cut company tax (I do not own a business but 30% was too high for sure), glad they have increased it for the top tier companies.
Agree with tightening of Unemployment benefits and Family tax benefit B. But then I am employed and I don't have a family.

Apprenticeship incentives were too generous I thought, so cop that pingpingpingpings.

All in all I'm single earning 100k so I will just suck any increases up, do feel for people living just above poverty though.
Pretty much exactly what I was going to post.

People love to get worked up about lots of shit, but in reality there shouldn't be a huge impact on many people.


Gotta love one guy on the news who said "My children won't be going to university now. They should have chosen richer parents". What the actual fuck? Does he not understand how HELP works? It has nothing to do with parental money. Fucking retards everywhere.


Speaking of retards, gotta love this from the ultimate group of retards:

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/t1.0-9/p720x720/10313342_10152454931311133_664314930881115727_n.jp g

[Nugs]

yep thats it .....

Why not help everyone else before helping the citizens we already have who are struggling.
I think cutting foreign aid is very short sighted. About half the people in the world live in our region and who do you think will be our future trading partners.


Pretty much exactly what I was going to post.

People love to get worked up about lots of shit, but in reality there shouldn't be a huge impact on many people.


Gotta love one guy on the news who said "My children won't be going to university now. They should have chosen richer parents". What the actual fuck? Does he not understand how HELP works? It has nothing to do with parental money. Fucking retards everywhere.


Speaking of retards, gotta love this from the ultimate group of retards:

https://fbcdn-sphotos-g-a.akamaihd.net/hphotos-ak-prn1/t1.0-9/p720x720/10313342_10152454931311133_664314930881115727_n.jp g
Just went to a budget breakfast where Johhny Howard spoke, he referred to the Greens as being all about Bicycles. Lols were had.

IMO one of the good things about this budget is that it will start the tax reform debate in earnest. By planning to hand responsibility of certain things back to the states (health and education) that should never have been federal issues, the collection and distribution of tax will need to be addressed. My first instinct says get rid of inefficient taxes like stamp duty and payroll tax, lower income tax rates/increase brackets then broaden and increase GST to compensate. Obviously the distribution of GST would be need to be addressed before this would even be contemplated happen.

[Fukushima]

It is a shame about cutting the Australia channel.

Good times were had in our marina bay sands suite watching the dockers final with 20 of antilags finest degens

[volt_bite]

Tax reform? Haha! Takes forever to get anything done.

FYI my background is corporate taxes.

But if you look at all the suggestions that are made, say 100, only maybe 5 or 6 are considered. Then you get shitty taxes like the MRRT and PRRT that somehow make it through and fail anyway.

[Torquen]

Anyone that votes for The Greens must have rocks in their head.

[Trolley]

Does he not understand how HELP works? It has nothing to do with parental money. Fucking retards everywhere.
You forgot to mention deregulation of University fees and that the Government wants the HELP paid back much quicker (obviously equating to higher taxing come July of each year). Surely you can see the potential financial pressure that puts on newly graduated students whose degrees don't and will never demand a higher than average income.

[Alt_F4]

There would be no change in the GST under an Abbott government, opposition frontbencher Christopher Pyne said tonight.

This was despite the GST being included in a Coalition government’s proposed taxation review.

The opposition policy is that any proposed changes to the tax system would be taken to the next election.

But Tony Abbott took a hard line against any alteration to the GST in Sunday’s debate and Pyne left no apparent let out when questioned on the ABC’s Q&A tonight.

He said the Coalition would not increase the rate or change the basket of goods covered. There would be “no change to the GST” under an Abbott government.

http://theconversation.com/no-gst-change-under-abbott-ever-pyne-16980

Just putting this here so I can find it again in two years time.
LOL and lets just add this in for good measure.


https://www.youtube.com/watch?v=Ixn9fFatdcs

[HotAe92]

It is a shame about cutting the Australia channel.

x2. Was the only place I could guarantee catching up on AFL whilst hungover in some hotel room abroad.

At least Rupert is happy about the decision.

[SimonR32]

You forgot to mention deregulation of University fees and that the Government wants the HELP paid back much quicker (obviously equating to higher taxing come July of each year). Surely you can see the potential financial pressure that puts on newly graduated students whose degrees don't and will never demand a higher than average income.

So therefore there will be a lack of students studying those degrees, meaning demand will rise in the future and incomes will follow...

[Nugs]

Tax reform? Haha! Takes forever to get anything done.

FYI my background is corporate taxes.

But if you look at all the suggestions that are made, say 100, only maybe 5 or 6 are considered. Then you get shitty taxes like the MRRT and PRRT that somehow make it through and fail anyway.
I expect it to happen in approximately 5-20 years. But at least people are thinking of it!

[crabman]

I think cutting foreign aid is very short sighted. About half the people in the world live in our region and who do you think will be our future trading partners.



Is it actually being cut though? Or is it the same as last time cuts were all over the media; 'A cut to the increases in foreign aid so it is tied to CPI' and every retard out there is latching onto the Greens bitching about it being cut.

Everyone that craps on about Howard saying there wouldn't be a GST and then implementing one adds fuel to the argument that compulsory voting should be abolished. He took it to an election unlike the whole carbon tax fiasco.

[Trolley]

So therefore there will be a lack of students studying those degrees, meaning demand will rise in the future and incomes will follow...

A sound theory based on logic (with a touch of wishful thinking I feel). I think many industries will just go the way of 457's and essentially keep salaries stagnant or perhaps even lower.

[Denver]

So 245 mil to go to a chaplaincy program in schools? Tony trying to install Christianity into everyone by force?

[Nugs]

Going by the Christian Brother trials, they'll try installing something by force.

[crabman]

So 245 mil to go to a chaplaincy program in schools? Tony trying to install Christianity into everyone by force?

Are you fucking serious? Link to details?

[HotAe92]

Are you fucking serious? Link to details?

http://www.abc.net.au/worldtoday/content/2014/s4005116.htm

Pyne.
Abbott.
Bernardi.

Zealots.

I have a massive problem with government not being secular. When religious organisations (Catholic Church in particular) are some of the richest in the world, if they want chaplains in the school, they can fucking fund it themselves. It should not come out of the purse of the tax payer.

[mys1]

Surely you can see the potential financial pressure that puts on newly graduated students whose degrees don't and will never demand a higher than average income.

Perhaps it will stop people doing multiple arts degrees on HECS because they don't know what they want to do in life yet...

[volt_bite]

I thought chaplains were essentially school counselors. Which I think is a good thing.

Correct me if I am wrong, but kids should be trained more in life skills like managing personal finances, how to cook, how to find a job, how to re-skill, how to run a business, understanding politics etc.

[[Jacek]]

kids should be trained more in life skills like managing personal finances, how to cook, how to find a job, how to re-skill, how to run a business, understanding politics etc.

Hear hear! There are so many people out there who don't understand simple personal finance, the importance of savings, reasons why you shouldn't have a huge credit card or personal loan liability, how the government works, etc.

[HotAe92]

I thought chaplains were essentially school counselors. Which I think is a good thing.

I agree, and to their credit, the ALP tweaked the policy so that the funding was extended to 'non-religious' counsellors. As per the link above, the LNP have now changed the policy back to purely funding chaplains only. Sure, chaplains perform a similar role to a counsellor, albeit under the direction of the God, Jesus, Allah or whatever the flavour of the month is.

[Jase]

I thought chaplains were essentially school counselors. Which I think is a good thing.correct as far as I am aware; counsellor roll only, no preaching, pushing views etc. I thought it was a bit odd too, but there was a program on it a little whole back that showed what they actually did and provided essential services in some schools. While some of the counsellors are catholic they aren't in schools with religious agenda- should probably just be called counsellors are advisors

[Miggy]

<iframe width="560" height="315" src="//www.youtube.com/embed/QdqiKLIQJH4" frameborder="0" allowfullscreen></iframe>
..

[winstor]

The cuts to Health and Education are my main concerns, otherwise meh. Do not disagree with the co-payments though.

[Brockas]

You forgot to mention deregulation of University fees and that the Government wants the HELP paid back much quicker (obviously equating to higher taxing come July of each year). Surely you can see the potential financial pressure that puts on newly graduated students whose degrees don't and will never demand a higher than average income.
If you desperately need money and you're studying a Bachelor of Indigenous Studies, you probably shouldn't blame the government if things don't work out for you.

[Alt_F4]

The cuts to Health and Education are my main concerns, otherwise meh. Do not disagree with the co-payments though.
Co-payments are fine as is, but the problem with these sort of taxes/fees is that once there in they become a cash cow to be increased every time someone in power realizes the health care system is expensive to maintain.

That said I think the budget will be in shambles due to opposition & minor parties blocking legislation... cue double dissolution and Liberals taking a GST rise to the next election, history repeats.

[volt_bite]

Off topic rant approaching..

This article pretty much expresses some of my issues:
http://www.bbc.com/news/education-25559089

As many as three quarters of a million young people in the UK may feel that they have nothing to live for, a study for the Prince's Trust charity claims.

TLDR: Not enough jobs, people not skilled in the right areas, leads to mental illness/depression which has long term effects

I don't think that uni is the beez neez, thats the problem. People go to uni and expect a high paying job, that isn't the case especially with the mining sector. Yes I do believe higher education is required. People need to be able to adapt, re-skill, be flexible, understand how they can contribute to society. I say the last point because it requires a need to be filled which usually means income, entrepreneurship. People need to be far more flexible in their careers since every person now is competing on a global scale.

On topic, debt ceiling explained:
http://www.abc.net.au/news/2013-10-16/us-debt-ceiling-explained/5025578

If the US government can't honour those debts it faces the prospect of going into default, which would have dire economic consequences and mean a downgrading of its credit rating.

http://www.reddit.com/r/explainlikeimfive/comments/164br9/eli5_the_debt_ceiling_and_amendment_14/

Another words, lets not let debt get to those kind of levels. The report suggests that most of the debt is owed to CHINA (7.6%). If we want our country to be less affected by issues like the GFC, if we want to be more financially independent then having lower levels of debt is much more beneficial on a simple scale.

Budgets are always going to be an issue, not everyone can win, I think that point is already explained.

Also, what can the government do to reduce the debt levels or at least maintain the economy?

There's two ways to do this: either you lower your bills or you raise your income. Either you pay less money out, or you bring more money in. This is where the argument happens. Democrats (traditionally) would prefer to bring more money in, so they'd like to "raise taxes". Republicans (traditionally) would prefer to have lower bills, so they'd like to do "spending cuts".

http://boingboing.net/2011/07/29/reddit-explains-the-debt-ceiling-to-you-like-youre-five.html

[millzy_88]

This whole debt thing is retarded. With the Central Banking systems pretty much all countries use, there is only debt. People need to watch Zietgeist!

Debt cannot be removed from the system, only moved around. We are lucky in that we have resources we can sell to reduce our debt, which the Reserve Bank in turn makes money out of. The only real winner here.

[ReaperSS]

Im no expert but what if Australia says fuck you to the reserve bank. Who is the reserve bank?

[volt_bite]

If we remove debt completely we will have an inefficient economy. But like all things, there needs to be a balance.

Watch GoT (Iron Bank)!

The Reserve Bank IS government owned, but to put into perspective it acts on behalf of the government in setting monetary policy. Cool trivia, it took over the central banking functions from the Commonwealth Bank in 1959.

[millzy_88]

No one knows really. You'd be guessing but similarities could be drawn to what the US did when they first got rid of the English Reserve Bank and moved to the gold standard.

Keen to see the US do it though, just for the look on the Rockerfeller/Rothschild/Morgan's faces.

[crabman]

Off topic rant approaching..

Also, what can the government do to reduce the debt levels or at least maintain the economy?



You can also go with the present method of the Japs. Aim for bulk inflation so the figure doesn't seem that bad.

[Tre-Cool]

No one knows really. You'd be guessing but similarities could be drawn to what the US did when they first got rid of the English Reserve Bank and moved to the gold standard.

Keen to see the US do it though, just for the look on the Rockerfeller/Rothschild/Morgan's faces.

It was also because of that change, that there was nearly an anglo-saxon war between US & England. America was seen as a country that if it didn't stay under the same controlled banking system would flourish and all the smart people in the world would flock to that country... and that they did. Shit's only been going down the hill since they left the gold standard and switched to the "petro" dollar, I reakon there is going to be a big change in world reserve currency in the next 5 years. The writings on the wall already.

[volt_bite]

https://fbcdn-sphotos-h-a.akamaihd.net/hphotos-ak-ash4/t1.0-9/10291190_831349556886057_5579121548802966449_n.jpg