What the election is about economically

[Neferti]

He's hoping he can stick his own snout in the trough by offering home brewing apprenticeships.

He tried to charge people $150 for a home brewing tutorial one day. Had no takers and got laughed at and told his beer tasted like shit.

He is definitely a try-hard. Sounds like he is a real joke around that particular "trade". $150 for a one-day tutorial?

[Jovial_Monk]

Cluck cluck cluck

[Rorschach]

[mellie]

He's hoping he can stick his own snout in the trough by offering home brewing apprenticeships.

He tried to charge people $150 for a home brewing tutorial one day. Had no takers and got laughed at and told his beer tasted like shit.

He is definitely a try-hard. Sounds like he is a real joke around that particular "trade". $150 for a one-day tutorial?

...and despite SA being the last to benefit from the seemingly ill-fated NBN roll-out.

[Neferti]

...and despite SA being the last to benefit from the seemingly ill-fated NBN roll-out.

He has Gillard back and apparently Timbo as well. Monk still thinks the NBN will give him very fast internet, FREE. I recall him stating a figure of about $20 a month. Dumbo. That's the problem with the leftards, NO IDEA.

[dick tracy]

election is about dreams and fantasies from Rudds lies and bull
versus
Abbott having to clean up Rudd & Gillards mess whilst still advancing Australia

[IQS.RLOW]

election is about dreams and fantasies from Rudds lies and bull
versus
Abbott having to clean up Rudd & Gillards mess whilst still advancing Australia

I like you. You'll fit in nicely here

[Jovial_Monk]

Another idiot advocating austerity! Howard & Costello’s mess not quite cleaned up yet.

[dick tracy]

mmmm mess of a $22 billion surplus
versus
a mess with a $100 billion deficit
tough one


Mission impossible for the ALP to fix up
But a challenge for the LNP, but success will occur

[Jovial_Monk]

Meantime, we are recovering from the mess Howard & Costello left, a private sector heavily indebted due to the credit fuelled spending boom 2001–7. Instead of keeping most of the surplus and spending some on infrastructure the surpluses were returned as tax cuts and pork barreling, feeding that borrow–spend boom and causing inflation because money wasn’t spent on infrastructure.

Then came the GFC and the private sector saw economies going to shit the world around, banks failing and house prices no longer rising and in some cases falling precipitously. Spending no longer a thing to do, paying off mortgages and credit cards became the urgent task. Rudd’s stimulus and bank guarantees meant we did not go into recession—the best keynesian response ever.

A surplus is the govt taking more from the private sector by fees and taxes than it put into the private sector by paying contractors, public servants and pensioners etc. A surplus just is not indicated right now.

Now, austerity in the EZ and UK, sluggish recovery in the US sees Chinese economy slowing, with the obvious effects on our economy. Now is absolutely the worst time to try for a surplus.

Nothing inherently good or bad about surpluses or deficits, depends which setting is correct at the time.