Budget Night !!!!!!

gtfpv · 08-05-2007, 07:17 PM

well in 20 minutes the budget will be revealed to australia . so i thought i'd start a thread to see what people think . post here . i'm looking forward to what it reveals . being an election year and all .

lets keep this thread non political, and not turn it into a debate about political parties , and therefore we may be able to keep the thread open for some interesting feedback . cheers

EFDream · 08-05-2007, 07:22 PM

I'll just find out in the morning......if it goes pear shaped theres not much we can do about it....I might see it wrongly but atm I coudn't be bothered....

savagE · 08-05-2007, 07:31 PM

It will be nice to know how much more the Government has taken off us. I get angry when there is a big surplus for it just really means they are taking more off of us.

**Polyal** · 08-05-2007, 08:52 PM

Quote:

Originally Posted by savagE

It will be nice to know how much more the Government has taken off us. I get angry when there is a big surplus for it just really means they are taking more off of us.

Surely you are not serious. Its called saving for a rainy day. And because they need to win some people over (or atleast thats what the media will have us believe) then Im sure the Libs think its going to bucket down this year.

Either way having a surplus is naturally a good idea, depends on how the economy is going. Its been pretty strong for a while now, so perhaps the money is there incase things go bad.

MITCHAY · 08-05-2007, 08:57 PM

I don't understand most of what they talk of anyway. Tax cuts are about as far as my knowledge expands

:

savagE · 08-05-2007, 10:09 PM

Quote:

Originally Posted by Polyal

Surely you are not serious. Its called saving for a rainy day. And because they need to win some people over (or atleast thats what the media will have us believe) then Im sure the Libs think its going to bucket down this year.

Either way having a surplus is naturally a good idea, depends on how the economy is going. Its been pretty strong for a while now, so perhaps the money is there incase things go bad.

Im just trying to bait people mate. To be honest I don't really care.

Smoke Pursuit · 08-05-2007, 10:10 PM

Quote:

Originally Posted by savagE

Im just trying to bait people mate. To be honest I don't really care.

Intelligent!

[Tonko] · 08-05-2007, 10:21 PM

Quote:

Originally Posted by LSTerritoryGhia

Intelligent!

And mature!
Budget looks good, i get an extra $12/month! wooo...

Walkinshaw · 08-05-2007, 09:46 PM

Quote:

Originally Posted by savagE

It will be nice to know how much more the Government has taken off us. I get angry when there is a big surplus for it just really means they are taking more off of us.

Its the cycle.

small surplus
Bigger surplus
Big surplus
(Government Change)
Debt
more debt
oh god we're screwed
(Government Change)
debt
Neutral budget
Small surplus
bigger suplus

repeat

Van D · 08-05-2007, 09:01 PM

Can someone explain it to me?

FordFan86 · 08-05-2007, 09:04 PM

^im with him.. whats this budget night thingamajig?^

**Polyal** · 08-05-2007, 09:29 PM

Quote:

Originally Posted by FordFan86

^im with him.. whats this budget night thingamajig?^

Its been happening for a while now...

Basically the government announces what they are going to spend for the year and where.

Usually depends on who they need to suck up to.

Ives · 08-05-2007, 09:12 PM

http://www.smh.com.au/specials/budge...ort/index.html

Dazza XLT · 08-05-2007, 09:32 PM

Looks good to me. I almost get an extra carton a week. Noice!

But on a non-beer related note... Is it just Aged Pensioners getting the $500 once off payment, or all Pensioners? I didn't catch all of it.

Cheers

boss-290 · 08-05-2007, 09:37 PM

Quote:

Originally Posted by Darran

Looks good to me. I almost get an extra carton a week. Noice!

But on a non-beer related note... Is it just Aged Pensioners getting the $500 once off payment, or all Pensioners? I didn't catch all of it.

Cheers

I beleive Pensioners over 70. Not dole bludgers.

Dazza XLT · 08-05-2007, 09:39 PM

Quote:

Originally Posted by boss-290

I beleive Pensioners over 70. Not dole bludgers.

My fiancee receives the disability pension as she is legally blind.
She is not a dole bludger, but thanks for asking.

Smoke Pursuit · 08-05-2007, 09:42 PM

Quote:

Originally Posted by Darran

My fiancee receives the disability pension as she is legally blind.
She is not a dole bludger, but thanks for asking.

Don't think he was implying that??

Theres a difference between people who can work and chose not to and someone whos got a dissability. There are plenty of people out there who deserve to be paid pension or dissability payment!

I think it was a pretty good night, doubt labor have a chance now getting in, yet theres always going to be people who vote for them!

boss-290 · 08-05-2007, 09:44 PM

Quote:

Originally Posted by Darran

My fiancee receives the disability pension as she is legally blind.
She is not a dole bludger, but thanks for asking.

Sorry mate, I didn't mean to come across like that. I meant that 70 and older receive the 500 dollar bonus, and not dole bludgers who got their hopes up.

The comment wasn't at all directed at you.

Dazza XLT · 08-05-2007, 09:50 PM

Quote:

Originally Posted by boss-290

Sorry mate, I didn't mean to come across like that. I meant that 70 and older receive the 500 dollar bonus, and not dole bludgers who got their hopes up.

The comment wasn't at all directed at you.

My bad. Took it the wrong way!
I've had a lot of people call the missus a bludger without knowing her full situation.
Once again, apologies.

Laminge · 08-05-2007, 09:45 PM

I have used most of my budget in closed threads this week, lets not turn this into another.

boss-290 · 08-05-2007, 09:47 PM

Quote:

Originally Posted by Laminge

I have used most of my budget in closed threads this week, lets not turn this into another.

Trouble with you, you don't give anyone a chance to straighten out each others differences. CLOSE CLOSE CLOSE.

How about we close you! :togo:

Walkinshaw · 08-05-2007, 09:49 PM

Quote:

Originally Posted by boss-290

Trouble with you, you don't give anyone a chance to straighten out each others differences. CLOSE CLOSE CLOSE.

How about we close you! :togo:

you'll keep

Tote · 08-05-2007, 09:48 PM

Fingers crossed for dual carriageway between Canberra and the Hume but it looks like they are announcing road infrastructure details bit by bit up to the election.
Be nice to get my $15K childcare rebate cheque though....
Regards,
Tote

4.9 EF Futura · 09-05-2007, 09:24 AM

Quote:

Originally Posted by Laminge

I have used most of my budget in closed threads this week, lets not turn this into another.

Lol. Surely you've built up a bit of a surplus by now. Maybe put some away in order to meet that future liability of thread closures that is currently unfunded

In terms of the budget, i think its a typical costello effort. Havent had a detailed look yet (stuff the headlines people, read the detail!!!) but seems like nothing too exciting. But the day we have an exciting treasurer is the day i start to lose sleep lol. Good balance of returning money to the taxpayer and putting some away to keep our grubby mitts off it.

The head of my organistion had been hoping for a significant increase in wage appropriation for us, but doesnt look like it came through. No biggie, the money is better off with the seniors/schools IMO.

GTFPV, my thoughts on your comments: Low inflation is good. In absolute terms. The structure of our economy is such that wage rises will always occur reactively in response to rising costs goods and services - and without productivity gains, the cycle begins. Be it CA, award or an AWA.

In the absence of a productivity increase, increased wages will only cause further inflationary pressue. Tell those newlyweds in your case study they shouldnt have borrowed to breaking point.

I'll put it this way. It's better to earn $100 and spend $80 instead of earning $1000 for the same work and spending $800 for the same goods/services. You cannot - it is impossible - to have a situation where real wages increase and goods/services remain at the same price without an increase in productivity (hint hint lol).

However if there is a school of thought which demonstrates the opposite, im all ears!!! (they dont teach non-mainstream economics at australian unis).

Rising cost of housing is not really inflationary by virtue of the supply/demand inequity.

XCGL - check your political nonsense at the door my friend!!! There's the possibility of a good discussion breaking out here and you know i can only bite my tongue for so long

Mitchay - lack of understanding of our system is only an issue if you vote above the line!!!

Laminge · 08-05-2007, 09:49 PM

Ive got different tools at my disposal.

BAN BAN BAN

Will that help with the head shot?

boss-290 · 08-05-2007, 09:51 PM

Quote:

Originally Posted by Laminge

Ive got different tools at my disposal.

BAN BAN BAN

Will that help with the head shot?

If you feel like a man doing it, go ahead. Whatever floats your boat.

Laminge · 08-05-2007, 09:53 PM

its certainly better than watching the snickers bar floating past every now and then, ohh btw, Im not your man, your mate, your buddy, or what ever tickles your fantasy.

eb_5litre · 08-05-2007, 11:32 PM

Ahhh.... distract everybody with one hand while they forget what the other one is doing...gee theres something new.

GXL078 · 08-05-2007, 11:58 PM

I have never given a stuff about budgets. Politicians are only there to look after themselves. But having just had a child maybe it wil be relevant to me now. I just wish he would let me sleep. I can't wait until after the election so that interest rates will go up and we get more than 6.35% for our term deposits, considering I may be out of work for a while. We can do with a rent increase on our unit as well with all the strata fees an special levies we have to pay out to greedy contractors (PLUS GST).

Smoke Pursuit · 09-05-2007, 12:05 AM

Quote:

Originally Posted by xcgxl

I have never given a stuff about budgets. Politicians are only there to look after themselves. But having just had a child maybe it wil be relevant to me now. I just wish he would let me sleep.

You probarly should, along with every other Australian... If people actually took on board the fiscal information a budget has to offer they would do a better job of chosing a government.

To many people vote for a particular party because their mum or dad did, or because their bloody union told them to..