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EYE-BALL’s Guru on – The Wayne Swan 2013-14 Federal Budget – A Special EYE-BALL Guru Report Part 1 -

May 18, 2013 4 comments
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Latest GURU Posts:


- 14th May – When is Government a Business and – when is Government a Government -


- 13th May – Wayne Swan’s “Treasury Mistakes” – The Evidence of Incompetence – a Ponzi expert in the making.


- 10th May – Wayne Swan’s “Treasury Mistakes” – A Follow-Up -


- 29th Apr – Wayne Swan’s “Treasury Mistakes” – Heads must roll – Swan and Bradbury must accept responsibility’ -


- 23rd Apr – Wayne Swan’s – “Investment pipeline” - disappearing before his eyes – where does he go for his next ‘bunny excuse’ -


- 21st Apr – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12′ – He’s a unique type of idiot  -


- 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster -


- 5th Apr - Superannuation 2013-14 -  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity -


- 4th Apr - Australia’s Parliamentary Remunerations -
– Part III – Superannuation – The Future Fund -


- 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ -


To see more GURU posts: – click here …


Title:
- The Wayne Swan 2013-14 Federal Budget  -
- A Special EYE-BALL Guru Report – Part 1 -
| Author: EYE-BALL Guru | 18th May 2013 |
Treasurer Swan’s  2013-14 Budget speech has been delivered, Mr Abbott’s reply likewise – the verdict is in the eyes of the beholder.

Swan’s ‘Groundhog Day ‘ promise of another surplus some years hence tests us all.

His creditability lies in tatters and he has again applied for another $50 billion credit over the forward estimates.

In reply – Abbott was slick, concise, and maintained his ‘small target’ image that so infuriates the ALP.   Abbott does not have to beat a drum, offer lollies, or make anything bigger that it has to be … come September it will all fall to the Coalition as the toxic ALP brand  drags itself over the cliff into the abyss.

Swan’s vision of Australia’s future is a fantasy of his own imagination,  ever hopeful the electorate will believe some time before the Sept ’14 election.

Gillard and company want the ‘cock-fight’, a gutter contest where they believe they can best Abbott. The electorate have turned off Labor causing the rant that beats to their angst.  They are a confused and manic mob probing for any leverage to engage an already disengaged public – the echo of the death-knoll sounds in the background as the funeral march as begun.

For any ALP message to penetrate, they have to first have to deal with the ‘creditability’ issues.   The Coalition advertising campaign will not let us forget the promised and failed surplus’ and more.

Swan’s current budget exposed all the ‘grave-holes’ prepared over the past six years and they have now became uncovered for all to see.  The task is how to link the ‘zombies’ lurking in the pathways that hold the keys that protect all these budget black-holes.

It is time to expose Swan’s PONZI scheme designed to defraud Australia under the guise of ‘Jobs Jobs Jobs’ and a lunacy that lies to protect itself from the truth.

Table 3 below helps reveal the numbers that entrap Swan in his past manipulations with the Budget forecast/estimate numbers – Swan has become good at moving them around and putting them back together every year to come up with a newer version that fits the political agenda and message for the time.

This fraud began in the turmoil of the GFC spend, and has continued ever since.

Unaccounted for spending across all the stimulus initiatives is still a matter not resolved, compounded by the Gillard agenda to socialise our political landscape.

Gillard has no financial kudos, she comes from the criminal side of ‘Lawyerville’ … and fraud is no stranger to her or a number of her AWU partners in crime.  What’s a few hundred $billion between comrades all from Union careers steering this Nation to a vision only shared by a small minority.

Gillard and her cronies are the apocalypse … they have hijacked traditional Labor values and voters are wise enough to see the future under a brazen hussy without a moral bone in her body.

But beyond the obvious, proof is needed to confirm the fraud … and it is contained in the Swan Budgets, their forecasts, and the reality of how those estimates and forecasts compare with the actual results.

The Result numbers don’t lie

Remember Swan’s 2012-13 budget surplus of $1.5 billion -  announced on the back of 4 consecutive record deficits,  i.e. 2008-09 -$31.3 billion, 2009-10 -$56.5 billion, 2010-11 -$51.1, 2011-12 -$47.0 billion, well the latest update after four revisions since Nov 2012,  is that the $1.5 billion surplus for 2012-13 will now be a $19.4 billion deficit.

In addition, remember these words spoken by Mr Swan in his Budget speech May 2012 -

The four years of surpluses I announce tonight are a powerful endorsement of the strength of our economy, resilience of our people, and success of our policies.

In an uncertain and fast-changing world, we walk tall — as a nation confidently living within its means.

This Budget delivers a surplus this coming year, on time, as promised, and surpluses each year after that, strengthening over time.

Those promised surpluses lay in tatters as Swans horror’s all come back to haunt him …

The forecast budgets for 2013-14, 2014-15, and 2015-16 all predicted as surplus’ 12 months ago, now have headline forecast results of:

  1. 2013-14 – $25 billion deficit,
  2. 2014-15 – $21 billion deficit,
  3. 2015-16 – $9 billion deficit,
  4. 2016-17 – $3 billion deficit,

…and Mr Swan now believes he can deliver a balanced budget in 2017-18.

The reality of these numbers are daunting in the backdrop of a global financial crisis where debt is the enemy.  Gillard and Swan have walked us to the edge of the abyss and they think they have done no wrong.  Swan so often uses the words ‘envy of the world’ when he talks about Australia’s economic numbers and the current debt/GDP levels.

The mind boggles at Swan’s flippancy and the post mining boom direction this Nation is headed toward.  The rest of the economy is already on life support due to inaction by both the Government and the RBA to do something to stem the impact of 10 years of high A$ value.

Where will Swan turn when the resource ‘cash and carry’ trade unwinds and capital flows out of Australia?  Why will his rabbit look like when interest rates begin to rise and revenues really do begin to fall away?

Swan predicted surplus’ in his first ever budget in May 2008 as follows:

  • 2008-09 – $23.6 billion,
  • 2009-10 – $20.9 billion,
  • 2010-11 – $20.5 billion, and for
  • 2011-12 – $20.5 billion.

These original forecasts predicted a cumulative surplus of $85.6 billion over the next four years.

The cumulative total of ‘actual’ Budget results since 2008-09 is a total of $205.3 billion in deficit’s and new debt.  That is a difference in ‘forecasts verses actuals’ through 2008-09 to 2011-12 of $290.9 billion.

That is a $12k+ spend for every man, women, and child in this Nation.

2012-13 was to be the return to surplus followed by another 3 years of surplus’ as Swan told us in May 2012.  Well the 2012-13 result is now forecast at $20 billion deficit with another three years or forecast deficits to replace the surplus’ Swan promised 12 months ago.

Swan wants to say that the Australia’s GDP/Debt ration is the envy of the world – without China buying our resources, we might not have that luxury … Swan does not get it … Howard Costello spent 10 years paying off the Hawke/Keating debt legacy, and then all Rudd, Gillard and Swan could do was open the credit card again.

There was reason in 2008-09 with the GFC threatening.  But by 2009-10 China had saved us yet the spend continued in even increasing budget deficits.

Swan, Wong, Gillard, and the other MP’s tasked with selling the Budget message, will only want to talk to questions on the future.  Yet – until The Government answers questions on why the Treasury modelling got it so horribly wrong, Swan and the Government’s creditability will be like the opinion poll forecasts … nada, nada, nada … no more thankyou …

In the ‘Budget Speech’ after-show media frenzy – and you really should see some of the ‘Front Page’ cartoons the morning after, ‘and to give you a glimpse two more have been pasted below – many thanks for the easy cut and past option from the Newspapers concerned, and to that end I have tried to accredit where possible…’

Some Levity … The Australian Front Page Post Budget morning:

The Courier Mail post budget:

Watching ‘News 24′ after Swan delivered his Budget,  I felt sick listening firstly to Swan, and then to Wong as they both provided their sales pitch and narrative to the budget just delivered.  Their version of the fraud was all about hard-selling the ‘revenue writedowns’ in efforts to rewrite history.

Reaction to the Budget from political experts, economists , and industry groups has been one of porous scepticism.  Commentators on the ALP loving ABC the next morning were fragile in their optimism … Swan’s creditability was not something they wanted to talk about at length.

The media had already focused their attention on Abbott’s reply … could they be more obvious … that Michael Rowlands is one heck of a goose …

All this ‘noise’ … and the most likely outcome is that Swan’s best efforts will sink faster than the ‘Titanic’ as the election rolls on and the polls decide Gillard’s and Swan’s fate well ahead of the election date.

Interestingly though – at the National Press Club address on the Wednesday after the Budget speech – Swan boldly stated that he expected the ALP to win the next election.  He commented on the continued ‘small rubber-ball’ target the Opposition Leader represents and that all the drama has been around the Government.

His performance at that National Press address and during the Q&A after was full of hubris and dismissive to say the least – questions with 3-4 prongs and taking 40-50 sec to ask were answered with one liners and one word responses.

It was contemptible and gave all the indication that the journo’s in attendance neither had the balls or the knowledge base to challenge Swan and put him down with questions that challenge everything he presents as factual.

End of Part I …

  • In Part II of this series – the Budget is further examined via the economic triggers that form the framework around the Treasury modelling …
  • The Hansard record of Swan’s Question time responses the day after the Budget are reviewed and analysed … and
  • The impact of Government stimulus on GDP growth and the unravelling of Australia’s fast GDP growth rates … and more …

Meanwhile some reading of the 2013-14 budget papers can be obtained via the links below.

The 2013-14 Budget: -

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Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.


The EYE-BALL Guru …

EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 38 – Swan’s Rubbery Figures – A “Waste of Space” Oddity … by Parody …

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Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Updated 17th May 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


2nd May – Election 2013 – Growl No: 37 – Police Investigation into Gillard – When will the Media do their job -


- 22nd Apr – Election 2013 – Growl No: 36 – Minister Jenny Macklin – Delusional and in Complete Denial -


- 19th Apr – Election 2013  - Growl No: 35 -
– Deputy Treasurer David Bradbury -
- ‘All In’ with no ‘Hand’ to play -


- 8th Apr – Growl No: 34 – The S.S.S – Scumbag Slippery Slipper


- 8th Apr – Election 2013 – Growl No: 33 – When the she cat is away – you’d think the other side would come out & play -


- 7th Apr – Election 2013  – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head -


- 6th Apr – Election 2013 – Growl No: 31 – Playing with Rubbery things – Wayne Swan and his Rubbery Numbers are about as honest as Gillard and her rubbery Caucus Numbers -


- 5th Apr – Election 2013  – Growl No: 30 – A sequence of reasons why this Government should be ROASTED -


- 4th Apr – Election 2013 – Growl No: 30 – Gillard – continues to Blame everybody else -


- To see more EYE-BALL Harry’s Growl posts: click here …


Title:
- Election 2013 - Growl No: 38 -
- Swan’s Rubbery Figures -
- A “Waste of Space” Oddity … by Parody …

| Author: EYE-BALL’s Harry’s Growl | 17th May 2013|
Latest Pickering images – 3 New Cartoons added 17th May 2013 – see image links to the left.


The Swan Budget is done … the Reply speech is done … now the politics begins in who can sell the better message … the following YouTube clip is a true and humourous assessment of the past Swan Budget’s … enjoy …

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Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam. Links to Australian Parliamentary Website – MP’s:


Subscribe to EYE-BALL’s – Harry’s Growl

EYE-BALL’s Guru on – When is Government a Business and – when is Government a Government -

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Latest GURU Posts:


- 13th May – Wayne Swan’s “Treasury Mistakes” – The Evidence of Incompetence – a Ponzi expert in the making.


- 10th May – Wayne Swan’s “Treasury Mistakes” – A Follow-Up -


- 29th Apr – Wayne Swan’s “Treasury Mistakes” – Heads must roll – Swan and Bradbury must accept responsibility’ -


- 23rd Apr – Wayne Swan’s – “Investment pipeline” - disappearing before his eyes – where does he go for his next ‘bunny excuse’ -


- 21st Apr – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12′ – He’s a unique type of idiot  -


- 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster -


- 5th Apr - Superannuation 2013-14 -  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity -


- 4th Apr - Australia’s Parliamentary Remunerations -
– Part III – Superannuation – The Future Fund -


- 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ -


To see more GURU posts: – click here …


Title:
- When is Government a Business and -
- when is Government a Government -
| Author: EYE-BALL Guru | 14th May 2013 |
Talk for some time now from the Opposition Treasury spokesperson Mr Joe Hockey,  has been about the developed world facing the end of the era of ‘universal entitlement’.

Where does a Government get the ‘creds’ to measure its own responsibilities in business like terms when forecast revenues, budgets, and underlying debt become challenging?

Mr Hockey is heir to the Treasurer throne and will be the Treasurer in a few months.  Understanding his belief system is very important to what he will bring to the table as a Treasurer.

In a speech delivered a little over 12 months ago to the INSTITUTE OF ECONOMIC AFFAIRS in Londonlink to full speech – Mr Hockey spoke at length about the ‘era of entitlement’.

The speech is a road map to Hockey’s mindset about Government and its overriding responsibilities.

At face value the comments may seem naive and Liberal policy sabre rattling.   If Mr Hockey believes everything he said in his address, then that is a little frightening when we look at the developed world, the GFC after taste, the ongoing and unsolved global debt burden, and the extent of the people suffering under austerity measures.

Hockey’s vision can be seen as a Government trying to implement business type models and act like a business wanting to disengage from the true and overriding responsibilities of Government.  If that is overstated, then at the very least he wants to hit the reset button and allow a review on the real purpose of where Government sees itself into the future.

An example of Hockey’s belief system …:

“THE END OF THE AGE OF ENTITLEMENT”

ADDRESS TO THE INSTITUTE OF ECONOMIC AFFAIRS – LONDON

17 APRIL 2012

By: JOE HOCKEY MP


Introduction: …

“… So, ultimately the fiscal impact of popular programs must be brought to account no matter what the political values of the government are or how popular a spending program may be.

Let me put it to you this way: The Age of Entitlement is over.

We should not take this as cause for despair. It is our market based economies which have forced this change on unwilling participants. What we have seen is that the market is mandating policy changes that common sense and years of lectures from small government advocates have failed to achieve. And we have subsequently witnessed over the last twelve months a raging battle.

This has been a battle between the fiscal reality of paying for what you spend, set against the expectation of majority public opinion that each generation will receive the same or increased support from the state than their forebears.

The entitlements bestowed on tens of millions of people by successive governments, fuelled by short-term electoral cycles and the politics of outbidding your opponents is, in essence, undermining our ability to ensure democracy, fair representation and economic sustainability for future generations.” …

continues

Surely Mr Hockey understands that it is the politician who makes the promises to get re-elected, and then spends the money on policies to remain elected.   Does he suggest his Government will be different?

Identifying the problem does not solve the problem!!!

In contrast, my last few posts have taken Mr Swan out for a spin and proved his dunce-hat status when it comes to his ability to understand currency value, and its impact on the trade wars that exists and ignite around labour costs, the efficiencies of Industrial Law, and with a workforce and welfare receipent base all resistant to any form of wage/pension reductions.

Mr Swan’s answer has been to fund the revenue shortfall with new debt, and rather then rein in new spending, his Government has set the wheels in motion with more and new large ticket policies that will mortgage the Nation even further into the future.

Mr Hockey in his address above sees the madness in Swan’s logic and intent.  But then Mr Hockey swings the pendulum toward a commercial context and that puts his position as a politician serving the people,  at odds with the responsibilities of any true democratic Government.

It is only with a review of history that the mistakes made back then can be revealed in the present.

Howard’s middle class welfare spend is where the problems started and currently exist.  Having given that welfare help to people who did not really need it, how does a Government try to take it back from those who already have it.  And in the face of a GFC aftermath that has seen reduced work hours and the only real jobs growth in part-time employment.

For voters the choice is easy – give Gillard the reins and see the Nation become another Greece, or Spain within 3-5 years, of give the keys to Abbott, hoping and trusting his team know what they are doing.

Hockey’s Budget reply response on Thursday will be a real test for the ‘big’ now ‘much smaller’ man.  He is yet to shine on his own in matters of finance and Treasury.

His financial blueprint for an Abbott Government could set up an early election via a ‘no-confidence’ motion in coming weeks.

If he fails – it’ll be back to the drawing board and Mr Swan will get to swoon for a few more months – all to Australia’s detriment.

 

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please click your favoured Icon(s) to promote the story.  Thank you


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.


The EYE-BALL Guru …

EYE-BALL Opinion – Just Stunningly Beautiful – Jackie Evancho – With Talent like this there is amazement … enjoy -

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Latest ‘EYE-BALL Opinion’ Posts:


- 11th May – Budget 2013-14 – Wayne Swan about to deliver an ALP death notice -


- 8th May – Truthful and Honest Government – the expectation of a Nation as opposed to – Corrupted integrity and Dishonest Government -


- 6th May – Gillard’s Real Problem – a truthful expose on her past deeds -


- 5th May – The Drugs in Sport Scandal - it’s not about the DRUGS – it never was …


- 5th May – Free-to-Air TV and NRL Broadcasts – it’s definitely not about pleasing the fans -


- 4th May – Truth and Clarity of facts count – the real cost of Gillards asylum seeker policy -


- 27th Apr – Gillard’s long walk of shame is almost nigh – her past is about to catch up with her …


- 25th Apr – Prime Minister “JEZEBEL” - Does she deserve the Respect of the People? -


- 24th Apr – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal -


To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
- Just Stunningly Beautiful -
- Jackie Evancho -
- With Talent like this there is always amazement … enjoy -
| Author: EYE-BALL Opinion | 13th May 2013 |
So much of what is presented on this site is serious and confronting – below are a series of YouTube presentations that will change you view on just about anything.   Thankyou Colin S. for sharing this precious gem of a voice.

If you don’t get goosebumps listening to this angelic voice then you are cold inside. I confess to tears and a overwhelming sense of emotion … it encapsulated me and I felt transported. I just could not get enough and went searching for more.

I decided to share this experience and I hope that if you have never heard of Jackie before, this offering will do to you what it did to me.

Listen and enjoy …

After hearing and watching this performance I went looking for more …

It all started here …

Enjoy the rest and marvel at a voice that can change a life …

This has 46 individual videos – play them individually by visiting the YouTube website and watch and listen there … linked here

This clip has 38 individual videos – some duplicated … play them individually by visiting the YouTube website and watch and listen there … linked here

Below are some other special moments:


Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL’s Guru on – Wayne Swan’s “Treasury Mistakes” – The Evidence of Incompetence – a Ponzi expert in the making.

May 12, 2013 6 comments
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Latest GURU Posts:


- 10th May – Wayne Swan’s “Treasury Mistakes” – A Follow-Up -


- 29th Apr – Wayne Swan’s “Treasury Mistakes” – Heads must roll – Swan and Bradbury must accept responsibility’ -


- 23rd Apr – Wayne Swan’s – “Investment pipeline” - disappearing before his eyes – where does he go for his next ‘bunny excuse’ -


- 21st Apr – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12′ – He’s a unique type of idiot  -


- 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster -


- 5th Apr - Superannuation 2013-14 -  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity -


- 4th Apr - Australia’s Parliamentary Remunerations -
– Part III – Superannuation – The Future Fund -


- 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ -


- 31st Mar – The Cyprus Bail-out -


- 31st Mar - Australia’s Debt – and the idiots Managing the Treasury -


- 20th Feb – Australia’s Parliamentary Remunerations - Part II – Entitlements and Allowances -


- 13th Feb - Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements -


- 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy -


- 23rd Jan – The Turmoil is Already here – We just have to accept what is coming -


- 22nd Jan – The Turmoil is beginning - Japan’s Economic Stimulus to tip the scales -


To see more GURU posts: – click here …


Title:
- Wayne Swan’s – “Treasury Mistakes” -
- The Evidence of Incompetence -
- A Ponzi expert in the making –

| Author: EYE-BALL Guru | 12th May 2013 |
Link to all Post in Series:


This post has been edited 13th May 2013.

The RBA produce a spreadsheet of Federal Budget expenditures and revenues  on both a monthly, and annual basis.  Link to these spreadsheets provided here.

Extensive extraction of the data allows a full disclosure of the 2012-13 Swan budget.  That research is further produced below.

Financial analysts working for media outlets have the same information as do the countless Bank and other Financial Institution Economists.  These ‘plebs’ or would be discoverers number crunch every day looking for the dark holes in financial reports.

The Federal Budget is the biggest game in town – and yet the void of challengers prepared to call Treasurer Swan out as fraud and liar number so few.

The collective voice has been to allow the Government to sell its ‘revenue write-down’ message whilst those who would and should oppose appear content.

As with the 2013-14 and every other Budget before, Journalists are locked away in the days before the Budget speech with their expert number crunchers and given free rein to do their analysis ahead of the Treasurer speech.

Nobody pays any attention to the full Financial statements – all the attention is on the cash flows and the bottom headline line number outlining whether it be a surplus or deficit.   The tweaks within the budget impacting taxpayer ‘gives and takes’ are the other half of the story.

This author has skills in this type of research and the data represented hereto is an honest appraisal of the facts available, and with the use of some basic logic, and applying some human instinct, and behavioural expectations, the summaries and outcomes made hereto have foundation.

Up first – Treasurer Swan deliberately mislead the House in his 2012-13 Budget forecasts.   He stood and announced a set of numbers he knew to be false – i.e. revenue expectations, and all to a purpose to allow the Government to live the fantasy they delivered on the 2010 promised budget surplus for 2012-13.  The House jeered Mr Swan when he made his speech – see YouTube link here.

Treasurer Swan gave an increased revenue forecast of 11.23% over the previous years than unconfirmed growth of 9.11%.   The 2010-11 forecast number was an overreach as well missing its target by some $12 billion – see Revenues Table below.

Trend growth before these numbers and since 1997 was 6.6%.   Why would Mr Swan predict revenue growth year on year above a 15 year average trend growth?

The only other time since 2000 where revenues have increased anywhere near or above the forecast 9.11% predicted in 2011-12, happened in Howard’s term during 2005-06 when the forecast was 10.48%, and again in 2007-08 when it was almost 27%.

That 27% remains double any previous years best performance.  See link here to see Table to prove these numbers.

New Revenue and Expenditure Tables below compare ‘actuals’ and ‘forecast’ budget numbers.

Revenues:



[Note - the 2012-13 'Actual' number - i.e. $17,000 - is derived from Finance Minister Penny Wong's statement during last week that the budget revenues will be down by $17 billion. This has been taken at face value and used to provide a 2012-13 number for the series.]

This Table presents Forecast Budget Revenues as declared every May for the following Financial year, and then measures that forecast against the actual reported result.  These results report from 2001.

As can be seen, under Howard revenues always exceeded forecast, but under Labor, revenue forecast always exceeded actuals except for the 2009-10 year.

In fact – during the Howard years the forecast verses actual provided windfall revenues of $88.8 billion from 2001 to 2008.  Yet – the ALP record since 2009 shows revenue shortfalls in the same context of  $59.2 billion.

Swan has overestimated revenues every Budget he has delivered and wants us all to believe the 2012-13 failed surplus is yet again because of revenue writedowns because of the high $A and the effects of the GFC.

Mr Swan excels in his magicians ‘rabbits in a hat’ and ‘jokers’ he pulls from his deck of card trick.  He often confuses himself with his interchangeable reasoning.

Expenditures:

Under this ‘Expenditure’ Table extraction – both Howard and the ALP Government’s allowed actual expenditures to exceed their forecast values.

In Howard’s era from 2001 the total spend excess value was $56.7 billion, and under the ALP since 2009 the value is $46.5 billion to the end of the 2012 year.  The 2012-13 number is not available but according to announcements, it is expected to be near forecast values.

The Carbon and Mineral Rent Resources Taxes:

Carbon Tax:

The Carbon Tax came into law as the Clean Energy Future Legislation in Dec 2011.   See Legislation link here

This new Tax had the following agenda – and as paste from AustralianPolitics.com[Note ... this resource has publicly advised that it is closing down and all links used from the source will be broken.  In that light, the text in the above link is pasted below. The media statement referred to is no longer available on the Greg Combet Media Release statement library.]

Carbon Tax Legislation Becomes Law Dec 09, 2011

Royal Assent has been given to the Gillard government’s Clean Energy Future legislation.

The legislation, a package of 21 bills, introduces a carbon tax and associated measures.

Text of media release from Treasurer Wayne Swan, Climate Change Minister Greg Combet, and Families Minister Jenny Macklin:

Clean Energy Reforms Receive Royal Assent

The Gillard Government welcome the Royal Assent of a further 21 bills of the Clean Energy Future Legislative Package and the proclamation of their commencement dates.

The completion of this process means that the Government has the central legislative pieces in place to deliver a clean energy future for Australia.

The Clean Energy Act 2011, Clean Energy (Household Assistance Amendments) Act 2011, Steel Transformation Plan Act 2011 and Australian Renewable Energy Agency Act 2011 and 17 related bills have all now received Royal Assent.

The Carbon Farming Initiative and Australian National Registry of Emissions Units commenced operation yesterday, after those acts received Royal Assent in September of this year.

The administrative provisions of the Clean Energy Act 2011 will commence on 2 April 2012, meaning that the Clean Energy Regulator can start operations to prepare for the introduction of the carbon price on 1 July 2012.

These laws will drive a fundamental transformation of the Australian economy and provide support to low and middle income households as we cut pollution and continue to grow our economy.

With the formal commencement of the national registry, Carbon Farming Initiative and the certainty provided by these acts, clean energy investment and the further development of carbon markets in Australia can begin in earnest.

Australia’s Clean Energy laws will deliver the following:

  • A carbon price of $23 per tonne will apply to around 500 of the nation’s biggest polluters from 1 July 2012;
  • The carbon price will transition to a flexible price cap-and-trade emissions trading scheme on 1 July 2015, linking Australia to international carbon markets;
  • The tax free threshold from 1 July 2012 will be tripled from $6,000 to $18,200, freeing up to a million people from having to lodge a tax return;
  • There will be payment increases for pensioners, equivalent to a 1.7 per cent increase in the maximum rate of the pension. There will also be similar increased payments for other government payment recipients, including eligible families, self-funded retirees, students and job-seekers. These payments will total around $7 billion in the period to 1 July 2015;
  • The Jobs and Competitiveness Program will support our emissions-intensive trade-exposed industries and help them to reduce their carbon and energy intensity;
  • The $300 million Steel Transformation Plan will support our steel industry;
  • The Energy Security Fund will provide assistance to the most emissions-intensive coal-fired generators, support energy security and help transition to cleaner energy;
  • An independent Climate Change Authority will be established on 1 July 2012 to advise on pollution caps and climate change policies, taking into account Australia’s legislated reduction target of 80 per cent below 2000 levels by 2050.

These measures will drive substantial reductions in the carbon pollution of the sectors they cover. The Government expects reductions by 2050 of 90 per cent of expected waste emissions, 76 per cent of expected electricity emissions, 62 per cent of expected fugitive emissions and 53 per cent of expected industrial process emissions.

The first household assistance payments will be made in May and June 2012, to help households get ready for the modest impact of a carbon price.

The initial Clean Energy regulations covering the landfill waste prescribed distance and applications for the Energy Security Fund have now been made.

The provisions of the Climate Change Authority Act 2011 to formally establish the Land Sector Carbon and Biodiversity Board commenced today.

In 2012, the Government will add the Clean Energy Finance Corporation (CEFC) to this legislative framework. The $10 billion CEFC will invest in commercialising clean energy projects, unlocking significant new private investment in renewable energy, low pollution and energy efficiency technologies.

… can still be read on-line at: Wayne Swan’s Media Release library

Noise … Noise … Noise …

You read the ‘Clean Energy’ promised spends right … Greg Combet believed in everything he was saying on that night and would never have entertained a view would turn out to be mostly fairy tales, all made up to sell a new tax to create a revenue illusion.  A tax that has no direct benefit in the global warming hoax,  a tax that was hatched on the back of the alarmist theory to the global climate change phenomena engulfing the globe.

Combet is now knee-deep in his own ICAC inquiry into his relationship to disgraced former NSW Resource Minister Ian MacDonald.   Combet’s demons are coming back to haunt him.  see story here …

The forecast Carbon Tax  revenues were estimated as: Source linked here

  • 2012-13 = $4.010 billion
  • 2013-14 = $6.640 billion
  • 2014-15 = $7.340 billion
  • 2015-16 = $6.750 billion

The forecast revenues from the Carbon Tax across the forward estimates amount to almost $21 billion from 2013-14.   Mr Swan is now using these numbers to justify revenue writedowns across the forward estimates.   Talk about floating a boat …

The forecast MRRT and PRRT revenues i.e. Resources Rent taxes were estimated as:  Source linked here

  • 2011-12 = $1.463 billion
  • 2012-13 = $5.400 billion – MRRT commenced.
  • 2013-14 = $6.400 billion
  • 2014-15 = $5.630 billion
  • 2015-16 = $6.620 billion

These forecast revenues from the Rent Resources taxes across the forward estimates amount to almost $18.5 billion from 2013-14.

Combined with the Carbon Tax forward estimates, this makes a total of $40 billion of lost revenue across the forward estimates.   That represents 50% of the $80 billion Mr Swan claims has gone missing across the forward estimates.

Can it be said that the forward estimates were inflated in the first place?

That Mr Swan was creating a false set of numbers so he could deliver a promised budget surplus?

And if that be so – that then leads to the allegations that Mr Swan mislead the House on Budget night in his Budget estimates and deliberately so… the only other explanation can be that gross incompetence was involved – and yet he is still the Treasurer.

The Carbon emissions trading scheme was to be introduced with a floor carbon price of $23/tonne.  In the last week Combet announced the abolishment of the promised tax concession worth $1.4 billion that came attached to this scheme.  Link to media release

All the future promises made as outlined in the Clean Energy Bill media released published above are all now doubtful, with exceptions for those already paid, and/or already locked into future benefits payments.

With all the ‘mendacious’ pomp and ceremony Combet used to promote the Carbon Tax and its Emissions Trading scheme, and the ‘mud-in-you-eye’ slurs aimed at the Opposition, will Combet now eat his ‘humble-pie’ and line up for the free shots aimed at him?

Budget Forecasts:

Let’s face it – crystal ball forecasting is all Treasury estimates can offer given the global economic turmoil we and the rest of the world are dealing with.

That is not to diminish the Government’s responsibility in any way to deliver honest Governance.  How dare they hide behind what they do not know.

If the future is uncertain on any scale where revenues are circumspect, surely the prudent and responsible thing to do is the practice restraint and try to encourage the same with the electorate.   You do remember the 40% pay increases the Federal Government all voted themselves after Gillard ousted Rudd in 2010?

Previously Rudd had imposed a freeze on Parliamentary pay increases.

Decades of Government’s getting into power based of election promises and once there,  applying a different set of policies and rules to stay in Government is the cause of the GFC in the first place.

Prime Ministers come and go as do Treasurers and the like, their mistakes remain for the next lot to fix and the likes of Gillard and Swan get to walk off into the sunset on lifetime pensions we can only dream about.

If the Government were to have the same accounting and prudential standards as public listed companies, and the electorate were the shareholders, the shareholders would have receive no dividends since Labor took office.  In addition they would have had to top up their shareholdings with new equity to cover the ‘deficit(s)’ and the new debt created  as a result.

Under Howard’s 11 years in office – those same shareholders would have received dividends each and every year.

This is the measurement of the competence of this ALP Government in a business like assessments.  They SUCK!!! 

In fact – the laws Swan and his minions have broken in corporate fraud terms would see them off to serve some serious time.   The reality – $300 billion of gross incompetence … that’s 300 times what Madoff ripped from his clients.

Many of the projected offsets from the Carbon Tax have been implemented before the revenues came home or were verified.

The same with the MRRT and as those mistakes came home to roost, and became a reality for Gillard and Swan to deal with, all that could be done was to inflate the revenue numbers as a fraud to cover up the broken promise of a budget surplus for 2012-13.

Those who understood what was afoot mostly stayed silent or were no heard, and that would have included many Treasury bureaucrats who were a part of the number output.  They would have known every time Swan fronted the media he told porkies, as did every other Minister, MP, and Senator trying to sell Swan’s fanciful reasoning about revenue writedowns.

Technically – to say there were revenue shortfalls as measured against the forecast revenues is correct – but in the context of a larger responsibility, a forecast revenue inflated so as to justify expenditures, and election promises,  is as big a fraud as there is.   Swan has facilitated a climate where they have run the Nation into the ground with expenditures they knew could not be paid for from existing revenue collections.

The MRRT:

See ‘Guide to MRRT’ published by Hawker Britton here.

Treasurer Swan and his fellow Ministers have presented the shortfall in tax collections from the MRRT as a result of an economic slowdown.  He claims that the tax is a ‘profits based tax’ and that the mining industry is facing harder times then the Government expected.

Poppycock!!!

The MRRT was a tax grab to fund expenditures – the States own the mining royalties and the Federal Government wanted a slice of the pie.   There is still a legal challenge before the High Court on the validity of the MRRT and whether it has purchase up against the States constitutional entitlements.

The forward estimates from this Tax have been shown to be a sham from the first quarter collect in Sept 2012.   Already this year,  [2012-13] the shortfall looks like being $2-3 billion against the budget estimates.

It has been revealed that to placate the Mining Industry campaign against MRRT mark 1 under Rudd, Gillard used the issue to oust Rudd and did a deal with the miners that made the tax collect impotent.   It was doomed by the Legislation from the outset yet the Government kept the forward estimates in place.

What would be the Government’s Motives to lie:

The revenue table above proves that the ALP have overstated their budget and forward estimates well above trend growth of 6.6% for the period 1996-2008.

The reasons are obvious – from 2010 Gillard and Swan made promises about returning the budget to surplus by 2012-13, and when the new Carbon and MRR taxes failed to provide the forecast buffer revenues needed to fulfil those promises – they had to make a decision to either come clean about the promised 2012-13 surplus, or fudge the revenue numbers to create the illusion of a budget surplus.

This is evidence by the increased revenue forecast growth year on year from 2011-12 at 8.74%, itself well above the trend growth of 6.6%, to 11.23% for 2012-13.   With this growth forecast, Swan was able to announce the small $1.5 billion surplus in May ’12.

That decision created a fraud about the budget revenue position and the Government used this lie to cover its promised budget surplus for 2012-13.  It was a fraud upon the Australian people.  That fraud is still on-going today and more will be added on Tuesday during Treasurer Swan’s 2013-14 Budget speech.

Some further evidence to support this theory is provided below.

The 2012-13 Budget Speech May 2012:linked here

Spending Savings:

A headline feature in Swan’s Budget preamble for the 2012-13 Budget was a forecast savings in expenditures across the forward estimates.  The chart used to highlight these savings in the Budget Papers appears below:

The commentary produced with this chart can be read in full here – but states in part:

Targeted spending cuts

In returning to surplus the Government has ensured the budget is in good shape over the long term while maintaining our commitment to fairness and improving skills, health and education services.

Ensuring balance

We are returning the budget to surplus through targeted spending cuts, which retain fairness, place the budget on firmer ground and achieve better value for taxpayers’ money.

Over $33.6 billion in saves have been identified in this Budget with less than half being tax. This builds on the over $100 billion of savings we identified over the last four Budgets.

In making these decisions we have applied our core values of protecting the most vulnerable in our community and the frontline services Australian families rely on.

We remain committed to providing the skills for tomorrow’s workforce and continuing to improve our health and education systems.

By focusing on fairness and value for money the Government has been able to prioritise spending to people most in need… continues …

Nothing in this statement makes any sense when comparisons with the forecast numbers produced in the 2012-13 budget are analysed.

If Mr Swan claims to have made $33.6 billion in saves … would that not generate an expenditure downgrade of a similar amount in the forward estimates?

The forecast expenditure growth for 2012-13 over the 2011-12 Financial years only reduced by 0.39%, or $1.466 billion.  That would mean that after having trimmed/identified $33.6 billion in savings, the Government went and spend all but $1.466 billion on other new policy initiatives.

What creditability can Swan claim after finding savings but decided to spend it elsewhere?

2012-13 Budget Overview:  linked here

This Overview is 40 odd pages of expenditure highlights and one or two pages of revenue explanations – a summary where revenues have been tweaked to pay for the expenditures.

This again provides evidence that Government’s focus is all on the expenditures trying to sell the electorate about the extra ‘goodies’ they will receive in their pay packets.

The ‘bad’ news in how those ‘goodies’ are to be paid for is something all Government’s want to play down.  This is the politics and as a factor in any equation, the factor used is what makes the formula look good or bad.

In this instance that factor used is the propaganda and it has become of greater importance than any reality attached to the hard numbers.

Tax Revenue as a % of GDP:

In the 2012-13 budget papers a chart was used to show Australia’s low rate of tax revenues to GDP ratio.  Linked here …

The linked chart appears below: – [click to enlarge in a new window.]

What the chart does not tell you is that all State and Local taxes imposed in this Nation are not included in this chart, a propaganda mis-direction that works every time because nobody asked the questions.  See reference here …

Nobody is ever going to paint themselves or use data that portrays them in a bad light.  One has to go looking for the mistakes, the holes, the cover-ups and that is what our Media are charged with.

We are a Nation of blind idiots and continue to accept what our Leaders tell us all the time.   Those who should know better have become apathetic to their responsibilities. This allows the likes of Swan and Bradbury to roll out their agendarised version of what the Government wants us to believe.

We deserve every thing that a Government does during its term in office – when is the watchdog watching the watchdog, who in turn is also watching the watchdog so to speak, going to expose the truth.

GDP Growth:

Another angle or perspective is to look at long-term GDP growth – see chart pack below – Source Trading Economics[click on charts to enlarge in a new window.]

Between the 1990 figure of $305 billion, and the 2004 number of $455 billion, we see a growth rate of near 50% over 15 years.   By comparison, we’ve seen GDP grow to $1.37 billion by 2012 according to ‘Trading Economics’ updates, and we know that the RBA has the GDP number at $1.45 billion at the end of 2012, that represents some 300% growth in the last 8 years.   That growth had to come from somewhere!!!

The only economic events of importance during that 2005-2013 period were the continuing resources boom, the GFC, and the stimulus supplied by the Federal Government post GFC.  Look to the growth acceleration post 2008 when the Governments stimulus started.

On this basis alone – it can be argued that this GDP growth as another example of how Government spending influences crucial and relevant economic indicators.

By comparison, the USA and other Trading partner GDP growth rates for the same period are exemplified in the following chart pack:

 

Canada:

About the only Nation with a similar chart structure, if not the same growth percentages.

The UK:

Japan:

China:

By far a chart with extraordinary growth numbers. No wonder Australia survived the GFC and then that poses the question – why the continued stimulus spend into 2010 and beyond?

EuroZone

These comparisons re all Northern Hemisphere verses Southern hemisphere, and explain the reasons how Australia survived the GFC – China’s growth alone provided us with GFC insulation.

No other western Nation has GDP growth like Australia and it is hard to fault the Government on that point.

Given the cost of the high A$ and its impact on revenues and economic downturns in all Industry, jobs, and infrastructure, where does one look to find reasons for the exponential GDP growth?

It can only be Government debt induced – and that is not what an economist would call genuine growth.

Inflation Index:

It’s been a long-held belief that the ‘inflation’ index as used to spike annual Government budgets,  is also used to ensure the economy moves forward in GDP terms.

Yet the inflation CPI index is the barometer used to measure the strength of the economy and what feeds from that drives every other economic indicator.

In other words it’s a ‘loop’ equation, without one i.e. the positive CPI – the economy would stall and all Government revenues would also stall and fall away – commonly referred to as ‘deflation’…

All commerce is a supply and demand equation – inflation indexing just gives the right to increase as a part of the loop equation.  If supply is abundant you would think prices would come down – this happens in produce in seasonal terms, yet in Labour terms when unemployment grows, the response should be cheaper labour costs.

When Government services are cut and staff laid off, those staff without jobs would surely work for the Government at a lesser cost then the staff who were not laid off.  This should bring wage cost dow in a true and free market.  But – the Unions enter the equation here and in coming years you can expect immense pressures on wage costs as Australia’s competitiveness with the rest of the world erodes further – another by-product of the high A$ policy.

The point being – the inflation index is not a true nor realistic economic indicator in free market terms.  Yet – the Government’s use of it to frame year on year Departmental Budgets creates the illusion they have to increase budgets, pensions, and the like in tandem to the CPI increases.

This view is truly a black and white view and not so much applicable or tried in any modern economy.     Modern economics is in disarray because of the GFC and its destruction to forecast modeling.

If the revenue side of Governments budget is derived from a multiplier of the targeted inflation forecasts,  then again multiplied out across the forward estimates using a variable multiplier, how can a forecast be treated with any accuracy?

Any public listed Company, or medium to small business who produced budgets like this would have their shareholders and Bankers sacking CEO’s and the Board.

Revenues are where all profit based business’ operate from.  Why is it different for Governments?

Opposition Creditability:

The research on display hereto is available to anyone interested in exposing Swan’s Budget lies, and to that point, why is the Opposition spokesperson Joe Hockey,  unable to land any real blows against Swan.

Me thinks that the Opposition Treasury understanding and knowledge base is challenged in theory and conditioned by the same Treasury modelling in trying to find real fault with Swan and his Treasury performance.

It might be because they don’t what to discredit Swan too early before the election and let some new Treasurer they don’t know run the show – hardly.

I can advise the Opposition there is nobody on the ALP side who could do the job, and if Swan is the best of them,  Australia deserves everything Swan leaves as an aftertaste when he exits.

Best Treasurer in the World – ha … a gong awarded by overseas investors who have had their siphon hoses plugged into Australia’s wealth for the last 10 years.

Swan lives in a fantasy land:

Swan gave an interview with Laurie Oakes Sunday morning.  That interview can be read in full here… and in part Swan responded as pasted below:

OAKES:

But a year ago you budgeted for a surplus of $1.5 billion.

TREASURER:

That’s right.

OAKES:

Now wwe are now facing a massive deficit, rather than a surplus. The Fin Review says $17 billion. Is that close?

TREASURER:

Certainly $17 billion [write-down] in 2012-13, and the nature of the revenue write-downs do spread across the forward estimates. But I was faced with a choice, the government was faced with a choice. We could turn around in the face of those revenue write-downs and cut to the bone, slash spending right now and hit jobs, and push up unemployment. Or, stand up and explain to the Australian people that our number one priority is to support jobs and growth, and that’s what I’m doing…

OAKES:

Just about everybody said a year ago that you were mad, that you couldn’t achieve it.

TREASURER:

I’m sorry, that’s not right. There is no credible economic forecaster who predicted this nature of revenue write-down for this year, or across the revenue estimates. Can I just explain why? What we have had happen in our economy in the last three quarters of last year is that nominal GDP growth for the first time in 50 years has fallen below real GDP growth [for three quarters]. We also had a situation where the Australian dollar remained high, when the price of our exports fell – something that has never happened before. The combination of those factors is what has hit all of the profit-based taxes in our revenue lines, and are resulting in these revenue write-downs. And Laurie, that wasn’t predicted by any serious economic forecaster last year.

OAKES:

Joe Hockey predicted it.

TREASURER:

Well Joe Hockey’s always always out there preaching doom and gloom…

OAKES:

He’s been proved right.

TREASURER:

No, he hasn’t been proven right. Our economy is among the strongest in the developed world. But what has happened in the past year is that our revenues have been hit. The responsible course of action when faced with that is to support gobs and growth. So I stood up last December and said it would be unlikely that we would come back to surplus in 2012-13. At that stage, the revenue write-down from the mid-year budget update of $4 billion had been achieved over the first four months of the financial year. And as we’ve gone through this year, the revenue write-downs have got larger and larger, and at every stage of that process I’ve informed the Australian people about what has been happening, and I have taken the responsible course. I’ll take my medicine; I’ll accept the politics of this are very uncomfortable. But getting the big economic decisions right to support Australian jobs is what people expect of me, no matter how uncomfortable that is politically.

… continues …

Oakes nailed him, skinned him, all but pissed on him … and Swan sat there and kept telling lies … and they say there is no crime in a Politician telling a little white lie …  Oakes … you are over and need to get a new gig …

Summary:

To offer up some mitigation – Gillard and Swan did try to plug the revenue gap with the Carbon and MRR Taxes.   Neither came near forecast predictions and are now in tatters with the collapse of the Carbon Price in Europe, and the end to the mining boom from Australia’s perspective upon us.

Swan and the Treasury should have known tax collections would be down after the GFC because of the equity and other GFC writedowns carried forward.  Also the property investor with negative gearing assets has been able to offset their payee tax with property writedowns because of the lackluster property markets.

All the revenue forecasts took none of the GFC aftermath into account. That is all on Swan.

Next Tuesday 14th May ’13 is Budget night and Swan will put on his magicians cloak yet again and try to mesmerize Australia with his own brand of magic numbers.

Unfortunately – this little Aussie battler will have to be content with throwing rotten tomatoes at the TV because he can’t be at Parliament House to do it personally from the public gallery.

Believe what Mr Swan has to say at your peril …

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The EYE-BALL Guru …

EYE-BALL Opinion – Budget 2013-14 – Wayne Swan about to deliver an ALP death notice –

The-EYE-BALL-Opinion-Header-2

Latest ‘EYE-BALL Opinion’ Posts:


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click here …


Title:
- Budget 2013-14 -
- Wayne Swan about to deliver an ALP death notice -
| Author: EYE-BALL Opinion | 11th May 2013 |
Next Tuesday is 2013-14 Budget night. The Opposition had indicated that it intended to bring a ‘no-confidence’ motion in the Government before the House on the same day.

Reports out yesterday from Independent Rob Oakeshott calling for a ‘put-up’, or ‘shut-up’ decision from Mr Abbott in regards to the motion have drawn a blank.

Opinion is that Abbott will not pursue the motion on the resumption of Parliament, but keep his powder dry to gauge reaction to the Swan Budget. In other words – why waste a bullet when the recipient is gonna die anyway. See ABC media story her …

This Budget has been a long time coming – remember 12 months ago when the House heckled Swan when he announced the 2012-13 forecast as a $1.5 billion surplus, along with another 3 years of forecast budget surplus’.   See YouTube clip below to refresh the memory …

Swan mentions $150 billion revenue writedowns since the GFC cause and effect. The lie in the illusion created within Swans’s own imagination is revealed to those who want to deal in facts – revenues since 2008 have grown year on year at:

  • 2008-09 – Rudd … -(1.57%)
  • 2009-10 – Rudd … -(2.06%)
  • 2010-11 – Gillard … +5.85%
  • 2011-12 – Gillard … +9.11%
  • 2012-13 – Gillard … +11.23% (Budgeted)
  • 2013-14 – Gillard … we’ll know next week

See Table and Chart link here to verify these numbers.

So, when Swan claims $150 billion in expected revenues have been lost due to the GFC – the cold hard facts reveal that in the period 1996-2013 – the average revenue growth has been 7.02% largely influenced by the 2006-07 growth of 12.97%, and 2007-08 of 19.21% under Howard’s last years.

Leaving out the GFC impact of the 2008-09, and 2009-10 years where revenue growth was negative – Gillard’s tenure has seen average growth of 8.73% – comfortable above the average of the last 16+ years.

Swan has no creditability in his claim – we knew it then and we know it now. Even this year revenue gas still grown at above 7% which is trend growth but less than Swan’s 2012-13 Budget forecast. To claim revenue writedowns to revenues that were overstated in the first place, and done so for political gain so the ‘budget surplus’ promised for 4 years could at least appear to have been delivered as promised, was a statement delivered to the House full of lies and deceit, and deliberately so intended to mislead the House.

See link here to watch and hear Swan make his Budget Surplus backflip speech – or watch clip below:

When was the last time a Treasurer got it so horribly wrong, and what price did he or the Government pay.

In fact – Terry McCrann wrote an article asking why Wayne Swan should not be sacked … linked here … – or read below:

Deluded Treasury counts catastrophic follies


| Author: Terry McCrann | Date: May 11th, 2013 | Link to On-Line Story. |


THE great and perhaps only remaining puzzle about Tuesday’s budget is why on earth is it being presided over by Wayne Swan and Martin Parkinson?

Why haven’t the Treasurer and his Treasury secretary long already departed in embarrassment, after their separate, joint, and catastrophic errors?

Or, given the clear indication that they have not the slightest sense of shame, far less any conception of taking responsibility for their actions or of their department, been sacked? The Treasurer, by the Prime Minister. The secretary, by the Treasurer as his last service to the nation, or by his successor.

May 2013 should mark the date when we finally jumped the shark in terms of ministerial and bureaucratic responsibility. After this, there can be no basis again for ever sacking a minister or a department head for gross incompetence. Personally, or by the department of which they were responsible.

The Treasurer should go after the disastrous forecasts and assumptions on which his budget was based. It is absolutely fundamental to understand that this is not just a matter of getting forecasts wrong in a volatile and uncertain world.

Goodness me, we wouldn’t have a single market economist left if that were the test. It is that those forecasts were unrealistic and worse, amateurish from the start. And, critically, they led the government to — or perhaps, didn’t dissuade it from — major policy and political mistakes.

It’s surprising that the Prime Minister hasn’t already taken her cue from the iconic rant by Peter Finch’s character, Howard Beale, in the movie Network. That she’s “as mad as hell (with the Treasurer and Treasury) and . . . is not going to take it any more (from them)”.

She’s already the PM from broken promise la-la land. Thanks to the duo of Swan and Parkinson, she’s had to break a few more. Who’s going to be carrying the can for them over the next four months?

Oh yes, I forgot. She takes her cue — plural, cues — from the present-day character Paul Howes. As I wrote a year ago the budget’s projected “return” to surplus was built on an extraordinary projected $39 billion single-year surge in revenue and a series of fiddles to push spending out of the current year.

But, even so, it would almost certainly stay in deficit. The government bases the now certain (biggish) deficit outcome on a combination of two linked forces: that the terms of trade had fallen more than expected and that nominal GDP had actually grown slower than real GDP. Thereby slashing expected revenues.

Both are tendentious and actually an admission of basic incompetence.

The terms of trade have come off their peak but are still near century-high levels. Indeed, they have arguably stayed higher than what might reasonably have been predicted a year ago.

The same goes for the related nominal-real GDP claim. It is in essence to state that Treasury simply wasn’t competent enough to see that coming.

The projected revenue surge was quite simply built on absurdly optimistic assumptions about capital gains and company tax, to say nothing of the overestimates for the mining tax. And a certain Canberra-naivety about how the world actually works.

Surely you don’t mean taxpayers will try to minimise surging tax bills? It is this that actually damns Treasury and its secretary more than the poor hapless sod who opened his budget speech 12 months ago with “the four years of surpluses I announce tonight . . .” For Treasury didn’t just cock-up its budget forecast but its modelling on which the government’s whole carbon tax and climate change policy, and fiscal actions, was erected.

Remember the PM, the Treasurer, the Climate Change Minister, all chorusing again and again: we stand by the Treasury modelling? The Treasury modelling that enabled them to link our emissions trading scheme to Europe’s, confident that when we joined in 2015 the price would be $29 a tonne? And the revenue such a price would generate, underwrote all the budget handouts — sorry, compensation? But in any event, there’d be no problem as the budget would be comfortably back in the black, confident in the Treasury modelling?

Now as the price wallows around $6 a tonne, and the government — and Treasury? — pray that it gets back to somewhere like at least $15 — what about all the rest of the Treasury climate change modelling?

The modelling that told us that we could abandon our most fundamental national comparative advantage — cheap, reliable, plentiful coal-fired electricity — and the economy would hardly miss a beat?

In very simple terms, both Parkinson and his predecessor Ken Henry drank the climate crazies’ Kool-Aid, and poured it into the Treasury computers. Arguably worse, they had utterly no conception of the cynical — centuries-old — game being played by Europe; the one place on the planet, apart from ultra-naive Australia, that set about limiting emissions of carbon dioxide.

Europe rigged Kyoto to get a running start to the CO2 “cuts” with the closure of heavy industry in the former Eastern Europe. And now as that advantage is running out, when push is coming to shove on keeping the lights on, Europe is racing back to coal-fired power.

Incredibly, these two themes were — as I wrote last year — actually brought together in last year’s budget, with two of arguably the most ludicrous charts ever seen in such a document.

The first blithely projected the “return to surplus” with four long bars below the line adding to $174bn of real, actual, delivered deficits — and then four very short bars above the line of fantasy, projected, tomorrow tiny surpluses.

The second purported to project the change in Australia’s electricity generation mix between 2011 and 2050, that by 2050 we could get barely 8 per cent from coal, from today’s 70 per cent.

As I wrote, the two graphs joined to “announce, indeed even boast, how the Gillard-Swan government has lost all touch with reality. How Julia and Wayne have taken up residence in a cottage of the mind called Self-Delusion, closed all the shutters and drawn the blinds.”

But even more disturbing, we had “a Treasury which inhabits some parallel universe that operates disconnected from reason”. And on to Tuesday.

You all do get it right – Swan is the worst Treasurer ever – just as George Bush Jnr was the worst US President ever.

He is just a mouth-piece to a message that speaks for Union solidarity.  Swan is no more a Treasurer than Gillard a Prime Minister – yet they both hold the office …

On the strength of Swan’s prophecies announced in his 2012-13 speech – will he account for the mistakes make other than to repeat the ‘revenue’ writedowns, and the ‘impact of the high A$’?

Will he admit his, and his Governments error(s)?

Will there be accountability in present day reality of having made statements they have no basis in fact 12 months since?

That continues to be Australia’s pain and it is about time that the electorate with little interest in politics realise that their apathy allows this Nation to be taken down a path to self-destruction.

The ALP will not shoot itself – it will be up to us to put these fake pretenders beyond the grave.

The 2013-14 Budget:

How will the reality of facing a $20 billion plus deficit only 12 months after the fact impact on Swan’s confidence to yet again lie and mislead the House?

The chart at right shows the debt owed trend since Rudd was elected – [click to enlarge in a new window.]

This chart is no different to all the other Nations who all used quantitive easing in the face of the GFC crisis, and now have crippling debt/GDP ratios that have mortally wounded their capacity to survive.

Australia is following the same path, yet Swan argues that because our Debt/GDP ration is not as bad as the rest, we have somehow been saved and all to his good management.  Nothing could be further from the truth.   Blind luck saved Australia in the form of China and their demand for our resources.  That is now at an end and been so for some time.

Swan knows little of new age economics and the ‘global trade’ war that has been waged for the last 10 years or so – all done in silent and all done via currency value and the shift in global investment within Nations where unsuspecting politicians mistake the ‘wolf in sheep’s clothing’.  Off-shoe investment comes with a price – Swan and the RBA forgot to ask what that entrance cost was.

Swan promised 4 years of budget surpluses in 2012-13.  The talk since the Dec ’12 surplus backflip has escalated across the forward estimates to now give us a softening blow that suggests any surplus promised is now gone.

Swan will pull a rabbit or two – he can;t help himself – he will make statements to the fact that despite all the doom and gloom, Australia is still the lucky Nation and our future is safest under a Labor Government.

Swan talks from a pulpit that has him on a lifetime taxpayer-funded parliamentary pension annuity with a value somewhere near $6-$7 million.  Gillard has the same pension scheme.

If Swan were to say that because of the mistakes he has made, he is forfeiting his pension and donating it back to Treasury,  would it be a fair exchange?

Hardly – when poor and rotten Leadership costs a Nation Trillions in past future prosperity because of the policies they enacted against those they should have enacted – who pays the price?

We elected these Leaders – and yes the minority Government where Windsor and Oakeshott control the fate was not an ideal outcome.  It is a lesson to every Australian, there are dire consequences involved when apathy rules and the political choices people make.

 


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible.

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below -  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL’s Guru on – Wayne Swan’s “Treasury Mistakes” – A Follow-Up -

May 10, 2013 5 comments
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Latest GURU Posts:


- 29th Apr – Wayne Swan’s “Treasury Mistakes” – Heads must roll – Swan and Bradbury must accept responsibility’ -


- 23rd Apr – Wayne Swan’s – “Investment pipeline” - disappearing before his eyes – where does he go for his next ‘bunny excuse’ -


- 21st Apr – Wayne Swan’s legitimacy – He Says … ‘high A$ causes $7.5b hole since Oct ’12′ – He’s a unique type of idiot  -


- 14th Apr – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster -


- 5th Apr - Superannuation 2013-14 -  the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity -


- 4th Apr - Australia’s Parliamentary Remunerations -
– Part III – Superannuation – The Future Fund -


- 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ -


- 31st Mar – The Cyprus Bail-out -


- 31st Mar - Australia’s Debt – and the idiots Managing the Treasury -


- 20th Feb – Australia’s Parliamentary Remunerations - Part II – Entitlements and Allowances -


- 13th Feb - Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements -


- 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy -


- 23rd Jan – The Turmoil is Already here – We just have to accept what is coming -


- 22nd Jan – The Turmoil is beginning - Japan’s Economic Stimulus to tip the scales -


To see more GURU posts: – click here …


Title:
- Wayne Swan’s “Treasury Mistakes” -
- A Follow-Up -
| Author: EYE-BALL Guru | 10th May 2013 |
Link to Previous Post in Series:


The media cycle has become polarised around the ‘BUDGET’ black-hole … and the Government’s inability to sell the message that it is not to blame.

Common … nominal GDP verses real GDP … we’ll get to that a bit later …

Then there was the ‘Citizen John’ example Gillard used in her own budget write-down explanation whilst trying to sell another Government mis-direction.

When stupidity and ignorance combined it makes for a special kind of dumb.  Gillard, Swan and all the other Team Gillard neanderthals have constantly shown their preponderance to change their stories to suit the moment.

Australian’s are not buying the excuses for the revenue shortfalls – and they have every right to think that way.  Everybody is looking at this from the wrong angle – the Government has been selling the message that it is revenue writedowns as the reason for the widening deficit.  Every economist out there has happily jumped on board and supported the claims with facts against forecasts and actuals.

If they were good at their job rather than follow the scent laid down by the Government, if they had a ‘light-bulb’ moment and look at the flip side, a place the Government does not want anyone poking around – you will see where the carnage really is.

The Table and Chart presented in the previous post, and again displayed hereto – shows the expenditure growth from 2007-8 and paints a clear picture of how the Rudd and then Gillard Government went on their spending sprees.

[Click on Image below to enlarge Table and Chart in a new window.  The 2013 figures are from latest estimates.]

It’s quite simple really – Rudd came to power in late 2007 – and the 2007-08 budget set under Costello was on target for a monster surplus.   That surplus ended up being $28 billion – by far the largest surplus of any Government in Australia’s history.

From that $28 billion surplus in ’07 – ’08, to a $32 billion deficit in ’08 – ’09 is some sort of crazy madhouse spending spree.  This was still Rudd and we know about GFC educed:

  1. the ‘School Building program’,
  2. the ‘Pink Bats’,
  3. the $1000 cash handout just before Xmas 2009 to all pension recipients, and then there was the,
  4. the second $1000 cash handout to families a few months later.

To get your head around a $60 billion single year increased spend:

  • the total Defence budget has averaged $15 billion per year since 1996 -
  • the total Education yearly spend average over that same 17 years is $17.5 Billion,
  • Health has averaged $36 billion, and
  • Welfare averaged $84 billion since 1996 and the 2009 spend was $124 billion – an increase of $27 billion over the 2008 number.

This was in the middle of a GFC panic and it was global – some four years later the Central Banks spend has proved crippling to all across the Nth hemisphere – Australia claims to have escaped the worst and that optimism is about to crumble.

Rudd’s GFC panic has amounted to short-term gain for a long term pain.  Whatever Rudd’s agenda was to reign in the budget spend was superceded when he was booted in a night of back room deals and Union movement and all to a plan.

Gillard’s appointment gave he and her backers the socialist platform and the stage from where they could execute their agenda.  The spending would not stop and the evidence is there.

To placate alarmist economists the 2012-13 budget was promised to be in surplus and still the new policies and their expenditure rolled out.  Nobody minded because Gillard sounded sincere about the surplus budget in 12-13 … and it was so up until Dec ’12 when the Government came clean and announced it was abandoning its surplus target.   That surplus has now been revise several times i.e.

  1. Nov ’12 from 1.5 billion surplus to $.5 billion surplus,
  2. Dec ’12 from a small surplus to a small deficit,
  3. Feb ’13 due to revenue writedowns looking like a $5 billion deficit,
  4. Apr ’13 due to further revenue writedowns it looks like being $12 billion,
  5. May ’13 revised again when Finance Minister announced that writedowns now look like being $17 billion.

The true is they have no idea … they have put in place irreversible policy spending and the revenues have increased well above trend/average as the table above shows – but the problem the forward estimates created has come back to haunt Gillard, Swan and the Gillard sideshow of Ministers.

None of them can explain because none of then knew from the outset how bad a Treasurer Wayne Swan really was.   Spending is easy when all you have to do is ask … is just plain crazy to believe that in a GFC impacted world  – finding new revenues to fund new spending will happen without cuts in other areas and restraint.

The writedowns from the equity markets since 2008, the property market flatline,  the interest returns in a low-interest rate environment,  whoever did the forecast numbers on forward estimates for:

  • corporate tax revenues,
  • the property negative gearing impact,
  • the increased pension payouts to self funded retirees when their investment income fell off a cliff,
  • the high A$ impact on tourism, trade, manufacturing, retail, agriculture, mining, and
  • the increased subsidies – i.e. the car manufacturing industry

… had to have some idea what was going to happen.

These writedowns should have been obvious to Treasury, the RBA, and Government advisors in economic terms, and the advice would have been given up the chain.

The issue then becomes why did the Government and its policy advisors ignore the obvious downstream impact issues that would arise if they continued with their spending programs?

There was a magnificent opportunity offered up when the A$ v US$ fell from parity to below A$0.50c in the turmoil of the GFC in late 2008 and early 2009.  This happened as off-shore investors pulling their funds out because they saw the end of the resource ‘cash and carry’ trade.

A decision was made then and there that off-shore capital was more important to the Nation than a devalued currency.   Having got the monkey off our backs in that A$ sell-down,  the RBA and Swan invited the carpetbaggers to hop on board again, and that saw the A$ rise just as quickly, retracing all it’s lost value and more within the next 8 months.

Glen Stevens has to wear the ‘dunce-hat’ on this one along with Wayne Swan – why did the Government allow the off-shore investors to return without a levy?

They should have known what a high A$ would mean in terms of long-term trade and labour costs, and was the reason why the Australia’s resources had lifted the value of the currency in the first place.

This mistake has cost the Nation A$trillion’s in lost trade, industry, labour force, and other domestic revenues, and will continue to harm all Australian industry well into the future as we will continue to export jobs offshore.

We are not in the same position as Spain, Greece or any other members of the P.I.G.S – but give us time.

Our real unemployment number is well above 10%, and perhaps as high as 20% if the measure was against those seeking full-time work.  The 960k jobs Swan boasts about having created is made up of near 55% part-time jobs … see Guru post here – the table data to prove these facts is reproduced at right – [click to enlarge.]

The boasts about our 5.5% unemployment is really ‘sock-in-mouth’ stuff … why highlight a weakness and promote it as a strength.   For many years long-term unemployed have been shifted off the number and parked in some other category … the ABS numbers come from sampling and have done so for many years.  If anyone understands the sampling methodology then you know that the error margin in regional areas is very high.

This all gets us to the Welfare spend – the ‘third-rail’ of all politics – you ride it at your own peril as President Jed Bartlett put it – [West Wing] …

Yet a most interesting stat revealed has the ALP government Welfare spending reduced signficantly as a % spend of all expenditures – look at the Welfare spent Chart at right to get an appreciation of the difference – [again - click to enlarge.]

Crazy to believe right – how can an ALP Government spend less on Welfare than Howard did?

To get to that answer,  the Budget Accounts requires a lot more research.  Where else could the Rudd/Gillard tenure spending be hidden in the accounts … that and more information will be forthcoming in another post.  Now to the nominal GDP verses real GDP explanation.

Nominal GDP v Real GDP:

Who out there understands Treasurer Swan when he gets a ‘gimmick’ study from his Treasury baboons to explain away the point he is trying to make. read what Wikipedia has to say about Nominal GDP -

Nominal GDP and adjustments to GDP

The raw GDP figure as given by the equations linked here is called the nominal, historical, or current, GDP.

When one compares GDP figures from one year to another, it is desirable to compensate for changes in the value of money – i.e., for the effects of inflation or deflation. To make it more meaningful for year-to-year comparisons, it may be multiplied by the ratio between the value of money in the year the GDP was measured and the value of money in a base year. For example, suppose a country’s GDP in 1990 was $100 million and its GDP in 2000 was $300 million. Suppose also that inflation had halved the value of its currency over that period. To meaningfully compare its GDP in 2000 to its GDP in 1990, we could multiply the GDP in 2000 by one-half, to make it relative to 1990 as a base year. The result would be that the GDP in 2000 equals $300 million × one-half = $150 million, in 1990 monetary terms. We would see that the country’s GDP had realistically increased 50 percent over that period, not 200 percent, as it might appear from the raw GDP data. The GDP adjusted for changes in money value in this way is called the real, or constant, GDP.

The factor used to convert GDP from current to constant values in this way is called the GDP deflator. Unlike consumer price index, which measures inflation or deflation in the price of household consumer goods, the GDP deflator measures changes in the prices of all domestically produced goods and services in an economy including investment goods and government services, as well as household consumption goods.

Constant-GDP figures allow us to calculate a GDP growth rate, which indicates how much a country’s production has increased (or decreased, if the growth rate is negative) compared to the previous year.

Real GDP growth rate for year n = [(Real GDP in year n) − (Real GDP in year n − 1)] / (Real GDP in year n − 1)

Another thing that it may be desirable to account for is population growth. If a country’s GDP doubled over a certain period, but its population tripled, the increase in GDP may not mean that the standard of living increased for the country’s residents; the average person in the country is producing less than they were before. Per-capita GDP is a measure to account for population growth.

Here is a YouTube clip to help you understand -

In Principal it’s part of a card shuffle number crunchers use to confuse the audience when numbers don’t give you the answer you want.

This was Wayne Swan’s explanation … [the GDP explanation begins near the 5min 30sec mark.]

I counted 50+ outright lies Swan told to cover his mistakes and incompetence. The lies are subjective if we use the ‘nominal’ verses ‘real’ argument …

Blaming the high A$:

Swan uses the high A$ value as a reason for revenue writedowns – yet the A$ has been well – some 40%-50% above its mean average – [A$0.75c v US$] since the float in 1983. No Government has used the value of the A$v as a reason previously – yet it has been at these levels for over 10 years … it is desperate in the extreme to blame revenues when they have actually grown at 7%+ in 2012-13 and above trend of 6% since 1996. The 2012-13 forecast revenue growth at 25% to cover the expenditure that had to be funded to allow the Government to bring its forecast budget surplus in when they announced the 1012-13 budget in May ’12.

Blaming the Treasury Forecasts:

Yes – that’s right – the Government knew in May ’12 that it was selling a budget that misrepresented the facts. The Nov ’12 review revised it ever so slightly – and four months later is was a $12 billion budget hole, and now it is a $17 billion budget hole.

Treasury don’t make these mistakes – or are we to believe that the $11 billion black hole they found in the Coalition’s 2010 election policy initiative might have been equally wrong. It raises more questions then it answers.

Are the Treasury ALP stooges … are they prepared to ‘cook’ the books for political outcomes?

Truly legitimate questions now that the modeling used to predict the surplus has proved to be so horribly wrong.

No matter who the Government, i.e. Swan, Wong, Bradbury, and any other MInister or spokesperson sent out to sell and gift the media the next story in this crumbling facade – the reality is that Government’s lock in spending via policy’s they make to win elections.  Been happening for 40 plus years.

The revenue side of the equation comes after the fact and if they screw-up the economy then we get to where we are now.

The high A$ has cost Australia $trillion’s in trade, revenue, GDP growth, and many other connective opportunities over the last 10 years or so … yet no one thought to think about currency intervention to protect the economy – hell they still think it is wrong to do so despite RBA Governor Glen Stevens comments made when he announced the .25% interest rate reduction this week – see comments here.

For the educated observer and some who understands logical argument – Swan has no creditability, nor any entitlement to be a Treasurer.   His baboons beneath him are appointed on the basis that are not allowed to be any smarter than Wayne Swan.  In fact that type of hiring mentality is across all the public service hiring policy.  It’s the reason the asylum has been taken over by nutjobs – nobody has a clue from the top down.

Abbott and Hockey have their work cut out because in matters of finance – they hold no better credentials that Swan or any other of the current bushranger pack.

You have to be able to trust the Treasury modeling if in fact it is not doctored for political outcomes.  For Treasury to have got it so wrong creates a smell that just won’t do away.

Was Gillard’s forcefulness and commitment to her agenda of spending – when stacked up against a choice for the bureaucrats to either do what I tell you to do, or find another job, the reason they are being blamed for getting it so wrong?

Support argument comes in the fact that the Public Service offers very generous perks and the like – and rather than lose those benefits, senior bureaucrats and the like shut their mouths and do as they are told.

It would seem that integrity, or the standing up for what you believe in is no longer regarded as a personal quality required to work in Government anymore.

Another piece of advice for Mr Abbott – sack every Department head and three rungs down when you take office – hire people from the private sector on MP parliamentary ‘base salary’ levels and offer a bonus to those who get the job done.   Use the – ‘Serve your Country’, or ‘your Country needs you’ motif to sucker some high flyers in to give back.   I don’t see it happening – but you can only try to improve the collective brain value of so-called experts in the Treasury.

The next Guru post will be about the Budget Expenditure breakdowns …

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please click your favoured Icon(s) to promote the story.  Thank you


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.


The EYE-BALL Guru …

EYE-BALL Opinion – EYE-BALL MediaZone Growl No: 2 – The SMH’s – Mark Kenny … Chief Political Correspondent

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Title:
- EYE-BALL MediaZone Growl No: 2 -
- The SMH’s – Mark Kenny – chief political Correspondent -
- on a story titled -

“Gillard’s fine reforms slip between the gap…”
| Author: EYE-BALL MediaZone | 9th May 2013 |
The EYE-BALL MediaZone aims to highlight media content that misleads, is inaccurate in its reporting, and has an agenda other than to report the facts as they relate to the content and context of the story.Today’s story was a clanger and was to be expected from the ALP loving Fairfax Media owned Sydney Morning Herald.   Their Chief Political Correspondent Mark Kenny penned a story that told us:

‘ … The PM’s policy record holds up well. It’s her political skills that let her down, badly…’

‘…But for the bulk of Labor’s reforms, the policy progress holds up well. And often, where the final result has lacked sheen or has been a failure – as in the mining tax – it is precisely because the politics came to overwhelm the original policy…

It is a stretch by any journalist to claim that Gillard’s record – ‘holds up well’ … any journalist who does have an agenda that is in conflict with reality often writes about what troubles them most.  That is why editors are there to ensure objectivity … but what can you do when the Editors have the same problem.

What motivates a journalist to promote ‘chuck stake’ as ‘prime rib’ as Gillard is to Paul Keating, or Bob Hawke. Surely a journalist understands the difference and that they should never slant a story to promote their own political views … yet, we live in an age where the media have become mouthpieces of the message the Government wants sold.   The Media industry have become street beggars, street walkers prepared to sell their column space for an inside tip to a bigger story.  Politicians use these media whores like masters abuse their slaves … and the media keep coming back for more.

Sadly – there are not too many alternatives when trying to understand Mark Kenny’s point of view in his version of Gillard history reproduced in full below:

Gillard’s fine reforms slip between the gap


| Author: Mark Kenny | Date: May 8th, 2013| Link to On-Line Story. |

The PM’s policy record holds up well. It’s her political skills that let her down, badly.

In his first 30 days in office, an impatient Gough Whitlam introduced a vast array of reforms such as ending conscription and releasing draft-resisters, protecting crocodiles (then being hunted to extinction) and removing what some called the ”luxury tax” on female contraception. Equal pay for women was also given fresh impetus.

More reform was to come over the next three years – arguably too much. After Labor’s 23 years in the wilderness, expectations were high. It didn’t end well.

For all the arcane arguments about constitutionality, convention and chaos, the common reduction was that Whitlam tried to do too much.

Now, as the polls presage an ALP slap-down of similar proportions in September, the question arises: how will people shorthand the Gillard era once the fog of war has cleared? Perhaps this: good at policy/bad at politics.
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Critics will bristle even at this concession, pointing to the carbon ”tax”, the mining tax, the dissembling confusion over asylum seekers, the botched media laws, the live cattle debacle and so on.

Certainly in some policy areas this government has failed to make progress – with border protection leading the field.

But for the bulk of Labor’s reforms, the policy progress holds up well. And often, where the final result has lacked sheen or has been a failure – as in the mining tax – it is precisely because the politics came to overwhelm the original policy.

Gillard’s position on same-sex marriage aside, there is a case to be made that her social reform record might rival Whitlam’s and that her economic reforms rank with those of the Hawke/Keating and Howard periods.

Sure, she didn’t start universal healthcare, float the dollar, end centralised wage fixing or deregulate the financial sector. Those things had been done. Labor’s task since 2007 was more complicated, more nuanced, yet just as urgent: modernise the economy, rescue a failing education system and, crucially, square up to the big new threats and opportunities posed by global warming and the digital age.

Measured against these weighty imperatives, the list of actual achievements stacks up well. It includes: settling the supposedly unfixable Murray-Darling Basin wrangle (remember that?); building the NBN; reforming school funding (a work in progress); establishing paid parental leave for the first time; reforming aged care; investing more in rail than all previous governments put together; articulating a new foreign policy by balancing the divergent interests of the US, China, India and Indonesia; becoming a world leader against the scourge of smoking through hard-fought reforms such as plain packaging of cigarettes; initiating a royal commission on institutional sex abuse; and, most recently, a national disability insurance scheme – itself a social and economic reform to rival any. And nearly all of this within a toxic political culture and a minority parliament. If the September 14 election goes the way it looks from here, Labor’s consolation will be the ability to point to these reforms in dinner party conversations.

Examples of the gap between the government’s reform score card on the one hand and its abysmal standing with voters on the other are legion. The past eight days alone provided another pearler in the form of two revenue downgrades, taking the shortfall from an already concerning $12 billion to an eye-popping $17 billion.

Obviously, announcing these figures was part of Labor’s carefully thought-through softening-up process in the lead-up to its toughest budget yet. But with the two numbers separated by just days, voters could be excused for concluding the budget was spinning out of control, haemorrhaging before their very eyes. What was next? What other horrors awaited?

After all, the $12 billion downgrade was supposedly the full-year figure after a previous $7.5 billion write-down for the period since the Mid-Year Economic and Fiscal Outlook was published in October.

We have since learnt that the actual shortfall, for financial year 2012-13 (against Treasury forecasts in last year’s budget), is $17 billion.

The government explained, to anyone who was still listening, that this was the result of the $12 billion plus a previously unmentioned shortfall of $5 billion, booked before the MYEFO statement.

This confusing, even alarming deterioration, might have made sense to the cardigans in Treasury but it made no sense politically for Gillard to structure a public message this way. It presented another easy mark for Tony Abbott, who said: ”You can’t run the country if can’t manage the budget.”

Again, we see this gap between policy reality and political reality. An $11 billion or $12 billion deficit would not be a bad result measured against the real economy and last year’s $44.4 billion deficit. But Labor’s yardstick is the surplus that it stubbornly promised for political reasons and will not now deliver.

Read more:

When Kenny writes – [bullet points added]

‘… Measured against these weighty imperatives, the list of actual achievements stacks up well. It includes:

  • settling the supposedly unfixable Murray-Darling Basin wrangle (remember that?);
  • building the NBN;
  • reforming school funding (a work in progress);
  • establishing paid parental leave for the first time;
  • reforming aged care;
  • investing more in rail than all previous governments put together;
  • articulating a new foreign policy by balancing the divergent interests of the US, China, India and Indonesia;
  • becoming a world leader against the scourge of smoking through hard-fought reforms such as plain packaging of cigarettes;
  • initiating a royal commission on institutional sex abuse; and, most recently,
  • a national disability insurance scheme – itself a social and economic reform to rival any.

And nearly all of this within a toxic political culture and a minority parliament. If the September 14 election goes the way it looks from here, Labor’s consolation will be the ability to point to these reforms in dinner party conversations.

… I laughed my arse off – and that is no mean fit given how big it is …

Government has three main stay obligations, Welfare, Health and Education … Defence runs a distant fourth to these other three.   Collectively, Welfare, Health and Education make up 60% of all Government expenditure … add defence and the number jumps to 66%.

Any Government who understand their charter tinker with these numbers according to political views – ALP are more generous on welfare and social programs, Coalition Governments lean toward less welfare and more business incentives.   A political journalist has to know this … yet Kenny sees the NBN as a success yet Minister Conroy is yet to deliver a success story on any forecast NBN targets.

The School funding on top of the ‘Schools building Program’ fiasco where ALP loving contractors made themselves filthy rich at the taxpayers expense and all to the generosity of one Julia Eileen Gillard who was in charge of the program and had criminal history with the Thiess Contractors who won a large share of the rebuilding program.

Reforming aged care – a no brainer for a Government with an aging population and less hospital beds, less nursing home beds, and a growing need for both.   What are the reforms Mr Kenny – again you flash a policy initiative and claim it to have been a success yet you don’t produce the rhetoric that backs and supports your view.  Honest and truthful facts gets a journalist creds with readers – Kenny is but one of many Journalists inflicted with the Gillard/Swan disease – tell it like you know what you’re talking about, and then let others write about what they know … nobody writes about the facts anymore – it’s all about the illusion and the perception that every word is indeed about the message the Government wants told.

Who is Mr Kenny kidding – the intent to do good does no measure or count when all we see is ‘failure’ to honour the promise made by the Government of the day.  Implementing a policy that is funded and cost neutral at the outset,  and then due to gross incompetence, or a deliberate fraud about the numbers when the revenues raised, or the new taxes to pay for the policies fail to raise the revenues expected, does not give the Government a pass mark.

Kenny says -

‘… yet just as urgent: modernise the economy, rescue a failing education system and, crucially, square up to the big new threats and opportunities posed by global warming and the digital age …’

Global warming and the Digital age … these are crux phrases, waffle words, a macro stretch and  used by Kenny as a smoke screen for what lies beneath … the Carbon Tax – Gillard’s plan to fight global warming is in meltdown, the digital age – was here long before Gillard walked on stage …

I have no idea in what context Kenny was trying to portray Gillard as a success story in this story – and as such his article won the MediaZone Growl award for today.   Kenny’s story is about painting Gillard in positive terms when 70+% of Australia believe she is a negative for the welfare of the Nation.  What makes a journalist take on those types of odds …


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible.

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below -  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion’s – MEDIAZONE …

EYE-BALL JokeZone – The Promised Land

The-EYE-BALL-JokeZone
EYE-BALL JokeZone – ‘The Promised Land’
Last Updated 8th May ’13
SmilingThe Promised Land!!!

(Submitted by Colin S.)

Over five thousand years ago, Moses said to the children of Israel …

“Pick up your shovels, mount your asses and camels, and I will lead you to the Promised Land.”

Whitlam said to the people of Australia …

Put down your shovels, sit on your asses, and light up a Camel, this is the Promised Land.”

Today, Gillard has ….

Stolen your shovel, taxed your asses, put camels in plain packaging, and mortgaged the Promised Land!

I was so depressed last night thinking about Health Care Plans, the carbon tax, the economy, the wars, lost jobs, savings, Social Security, and retirement funds, I called a Suicide Hotline. I had to press 1 for English, and I was connected to a call centre in Pakistan .

I told them I was suicidal.

They got excited and asked if I could drive a truck …..


Click here to see the EYE-BALL JokeZone Index:

Please – if you found this post to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please click your favoured Icon(s) to promote the story. Thankyou.

SmilingMost Popular/Visited EYE-BALL JokeZone links as at – 2nd Dec 2011:
  1. Stand Alone Joke – Little Johnny and Sis’
  2. YouTube Post – ‘Charlie Sheen and his Goddesses’ – as real as it gets …
  3. Stand Alone Joke – Santa Clause – an Engineer’s Perspective
  4. Stand Alone Joke – Moral Story – Bullshit’s Reward –
  5. Various – More ‘Little Johnny’ Jokes – 1
  6. Stand Alone Joke – PM Gillard and some of her Cartoons –
  7. Stand Alone Joke – A Deserted Island Joke
  8. Stand Alone Joke – One night stand court case –
  9. Stand Alone Joke – Some Blond Jokes – I –
  10. Stand Alone Joke – Anger Management –

If you want to contribute and send content – please use this E-Mail Address: – be sure to include your ‘handle’ or name for accreditation purposes … all messages will be reviewed for suitability – no Porn, explicit violence or abuse please.

Click here to see the EYE-BALL JokeZone Index:

SmilingThe EYE-BALL JokeZone Index is an Australian produced site and presents a collection of Australian and International humour alike. You’ll find the content either in Joke format, a Video or YouTube upload, or in some stunningly beautiful Nature and other Worldly images presented in PPS format. You’ll also find some inter-active stuff if you’re so inclined. Bookmark the site and come back often as content is continuously being added and highlighted with “NEW”. Hope you smile a lot – it is about the only thing that keeps this World together … let humour do it for you and be happy !!! If you want to contribute and send content – please use this E-Mail Address: – be sure to include your ‘handle’ or name for accreditation purposes … all messages will be reviewed for suitability – no Porn, explicit violence or abuse please.
Categories: The EYE-BALL JokeZone

EYE-BALL Opinion – EYE-BALL MediaZone Growl No: 1 – The Australian’s – Adam Creighton

The-EYE-BALL-Opinion-Header-2
Title:
– EYE-BALL MediaZone Growl No: 1 -
- The Australian’s - Adam Creighton on a story titled -
“Interest rates fall to record low as RBA fires first shot in currency war…”
| Author: EYE-BALL MediaZone | 8th May 2013 |

This post under the new EYE-BALL MediaZone header is the first of a new category of stories aimed at a MediaWatch type critique.  The aim is to highlight media content that misleads, is inaccurate in its reporting, and has an agenda other than to report the true facts as they relate to the content and context of the story.

The first story on what was a big day for choices is a story by Adam Creighton from the Australian.  The Title of his story is:  “Interest rates fall to record low as RBA fires first shot in currency war…” and was published on the 8th May 2013 in The Australian.   The story is reproduced below:

Interest rates fall to record low as RBA fires first shot in currency war


| Author: Adam Creighton | Date: May 8th, 2013| Link to On-Line Story. |

Click here to see video link with story:

THE Reserve Bank is being drawn reluctantly into the global currency wars, surprising economists and financial markets yesterday by cutting rates to a record low largely to take pressure off the stubbornly high Australian dollar

Governor Glenn Stevens pointed to waning economic growth and weaker than expected consumer price inflation in cutting the cash rate to 2.75 per cent yesterday, but dwelt on the prolonged high level of the local currency.

“The level of the exchange rate is playing a bigger part in the Reserve Bank’s policy settings,” said Matthew Johnson, a currency strategist at UBS, suggesting the high dollar had hobbled the effectiveness of the RBA’s series of seven rate cuts since late 2011.

Governor Glenn Stevens said the board had “judged that a further decline in the cash rate was appropriate to encourage sustainable growth in the economy”, which should drag Australia’s key lending rate to global financial crisis lows.

He said in his accompanying statement that “the exchange rate has been little changed at historically high levels over the past 18 months, which is unusual given the decline in export prices and interest rates during that time”, singling out for the first time this year Japan’s new extreme quantitative easing and fiscal stimulus, which have depreciated the yen by more than 20 per cent against the Australian dollar since December.

“Easing by other central banks increases the likelihood the Reserve Bank will have to ease policy, too,” added Mr Johnson.

The European Central Bank eased its policy rate for the first time in 10 months earlier this month to 0.5 per cent, while the US Federal Reserve has suggested it is in no rush to return policy rates to normal levels.

Rob Henderson, chief markets economist at National Australia Bank who had been expecting a cut in June, said the case for a cut had been “compelling” based on domestic economic conditions including rising unemployment.

“We’ve seen ongoing weakness in business conditions, and the strong retail figures earlier this year now appear to be consistent with other data,” he said.

The announcement at 2.30pm AEST yesterday knocked more than half a US cent off the dollar, which closed at $US1.019, down US0.82c, while the S&P/ASX 200 climbed almost half a per cent on the announcement but still finished the day 12.4 points lower at 5143.7 points.

The RBA’s controversial move followed calls from Westpac chief executive Gail Kelly, who in The Australian yesterday suggested weak consumer confidence and the high dollar should be enough to convince the Reserve to cut.

CommSec chief economist Craig James said “with the Aussie dollar still high the Reserve Bank embraced the new mantra of global central banks — ‘do whatever it takes’ to lift economic growth”.

Wayne Swan said he was pleased that all the major banks — except ANZ, which has a strict rate-setting timetable — had reacted quickly to pass the 25-basis-point reduction on in full to mortgage holders.

The Treasurer’s opposition counterpart, Joe Hockey, said the record low rate settings reflected badly on the government’s economic management.

“The government’s budget is in chaos, the Reserve Bank is now in uncharted territory and yet Wayne Swan says Australia is doing well,” Mr Hockey said.

Mr Swan said it was “utterly irresponsible” to suggest that because the cash rate was now below GFC levels it reflected a poorly performing economy.

Nationals Senate leader Barnaby Joyce welcomed the cut in rates and the fall in the dollar, pointing to falling cattle prices

“We manufacture a lot more than cars in this country and the importance of our rural sector is often overlooked,” Senator Joyce said.

“Other countries are manipulating their currencies but we’ve been standing by.”

Mr Stevens conceded that inflation had been lower than expected, and would be even lower were it not for the impact of the carbon price.

Although the Reserve Bank has now cut interest rates seven times by a total of 200 basis points since late 2011, Australia’s official cash rate remains far in excess of policy rates near zero in other advanced economies.

Markets yesterday afternoon were pricing in a 36 per cent chance of another quarter-point rate cut next month. “My guess is they’ll sit on their hands for a while to see what asset prices do,” Mr Henderson said.

Mr James said the RBA was taking a calculated risk, that “this is a new environment where rate cuts don’t spark spending and borrowing booms or higher inflation”.

Bank shares were sold off despite the rate cut, surprising brokers who expected that a cut would make them more attractive because of their high yield.

Where to start – the A$ has been above trend/average values for more than 10 years, it returned to below its mean average since 1983 during the worst of the GFC crisis late 2008 and 2009. It sold off from above parity levels to hit lows of below A$0.60c as off shore investor unwound the ‘cash and carry resource’ trade. When markets settled they returned with a vengeance and drove the value of the A$ from A$.60c levels to above parity and highs of $1.10c levels. For the past 4 years it has averaged in the $1.04 range and still some $0.30c above its mean average of $0.75c. See 1998 – current A$ v US$ Chart below for confirmation. [click on chart to enlarge in a new window.]

In the Creighton story above the author talks of the 0.25% reduction from 3.00% to 2.75% as being the RBA’s first shot in a looming currency war.  Where is the evidence to make such an assumption?

Since the GFC – European and Nth America interest rates have been at or near 0.00 -0.50%.  In all of that time the interest rate differential with Australia has allowed offshore investors to strip wealth from the Nation.  The RBA’s singular focus during that timeframe, and since the early 90′s has been to keep inflation targets within set parameters set by agreements between both sides of politics.  the RBA has never targeted currency in the time since the A$ began to rise above its 30 year mean average .

I ask the question – why is it now as reported in the story above, why has the RBA waited some 10 years to think that it can influence a high A$ value with a 0.25% interest rate reduction?

The answer is simple – the writer of the story hasn’t a clue about currency, interest rates, global investment, labour costs, or any of the other interconnected motives behind global investment.

This story does more harm than good to investors and the moms and dads readers listening to an unqualified journo reporting a story that should never have been published.

The story misrepresents the truth about the reasoning behind the .25% reduction in official interest rates.  The RBA has stated publicly that it has no interest in intervening in currency markets to stem the capital inflow to the A$ – see Oct ’12 story here.

More to the point – the RBA themselves have been targeting inflation when the rest of the world has had zero interest rates for 5 years and inflation has never been a problem.

EYE-BALL Guru has been writing about this stuff for years and it is only now when Australia’s finances and projected revenues are at a crisis level – have Government spokespersons and media commentators started to talk about the cost of the high A$.

Creighton’s “largely to take pressure off the stubbornly high Australian dollar” comment in his first paragraph has no research creditability whatsoever.  The RBA has reduced interest rates since the early part of 2009 in .25% increments and never has the move had any lasting impact on the A$.  In fact any fall on the announcement encourage more buying.   From the above comment onwards – the story has no basis in fact or truth.

In fact the RBA Governor at times during these interest rate reductions talked the A$ up giving confidence to off-shore investors to keep pouring funds into the Nation.  Sadly – the old adage remains – ‘… what went up, must and will come down…’

When Australia has become too expensive for the rest of the world, and we are on our way to being the most expensive Nation in the world – I think we were ranked 6th last time I review the rankings,  and when jobs have been exported, when farmers no longer get value for their crops, when miners are receiving a fraction of $A returns they were receiving in the early times of the mining boom, then the off-shore investors will see they have sucked us dry and look elsewhere for value investment.

Why do you thing the P.I.G.S want out of the EuroZone – they need their currency back so they can become a competitor on global markets once again.

For 10 years the Government, yes both Howard and Costello, and the idiots there now got this wrong.  The RBA and Treasury were no help as advisors – they all had a think-tank that may have been useful 20 odd years ago and none have upgraded their modeling to factor in the current global marketplace incentives .

It’s journalism like this – and there had to be an editor who approved the story mixed in there as well – that makes the Australian media at large hopeless at their jobs.

Wayne Swan’s attributed comments highlight just how insignificant he is as a financial manager – his track record on budget forecasts and the ability to explain the numbers – i.e. Nominal GDP as opposed to Real GDP shows his and the journalists ability to read the numbers and call Swan out when he is telling them porkies and misrepresenting the facts.

Creighton should take a good look at his output and ask a recognised economist of other market operative about his story.  The shock advice about his inaccuracies will do harm … and another less than qualified journalist might bite the dust.


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible.

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below -  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.

Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion’s – MEDIAZONE …

EYE-BALL Opinion – Truthful and Honest Government – the expectation of a Nation as opposed to – Corrupted integrity and Dishonest Government -

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Latest ‘EYE-BALL Opinion’ Posts:


- 6th May – Gillard’s Real Problem – a truthful expose on her past deeds -


- 5th May – The Drugs in Sport Scandal - it’s not about the DRUGS – it never was …


- 5th May – Free-to-Air TV and NRL Broadcasts – it’s definitely not about pleasing the fans -


- 4th May – Truth and Clarity of facts count – the real cost of Gillards asylum seeker policy -


- 27th Apr – Gillard’s long walk of shame is almost nigh – her past is about to catch up with her …


- 25th Apr – Prime Minister “JEZEBEL” - Does she deserve the Respect of the People? -


- 24th Apr – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal -


- 24th Apr – Our Higher Education System – Universities fudging research for Higher Funding -


- 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education -


- 3rd Apr – Gillard v Nth Korea -
- Gillard off to China to fix the problem -
- talk about an overreach -


- 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools -


- 30th – Be careful what you wish for -
- A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


- 28th Mar – Apathy – Australian’s have it in spades and deservedly so -


- 23rd Mar – Legitimacy -
- Australia demands it – Gillard does not have it -


- 19th Mar – A downside of Democracy – and the ease in which past Leaders move on -


- To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
- A Truthful and Honest Government -
- the expectation of a Nation as opposed to -
- Corrupted Integrity & a Dishonest Government -
| Author: EYE-BALL Opinion | 8th May 2013 |
Some of us a driven by an unerring passion for absolute truth and honesty from our elected Leaders, and the process of Government.This matter again came to light in a recent verbal debate with a site contributor.

The debate focused on whether an individual can change public opinion, or whether an individual who voices an opinion is just pissin’ in the wind.

During the debate opinions were exchanged/expressed about whether most of Australia’s voters don’t care about Gillard having a criminal background, or are happy to know about her AWU past and allow her to continue to serve as our Prime Minister.

This author has a zero tolerance for right and wrong – he’s lived his live along those lines, and in all honesty that black and white attitude has caused immeasurable pain and suffering during a life that is littered with extreme highs and more extreme lows.

There were no shades of grays and that made expectations beyond what other people could live up to.

There is no moral judgement that can be applied that has not already been considered for living a life in this way – children, spouse, family, friends, and the like all suffered as a result.

This blog site begins to expose its underbelly and reason for being.  This author continues to have a number of passions, and takes all the content hereto seriously.

A continuing and overriding belief is that in Leadership – there is absolutely no room for errors of judgement, and no room for moral hesitation when it comes to electing a Leader.   Sure – mistakes will be made and in those instances where Leadership is responsible – full disclosure should be made.

In that context – the belief is held that Gillard’s pursuit of the Prime Ministership given her own knowledge of her AWU involvement, and her own awareness of the cover-up that existed to hide her breach to her Lawyer’s oath, these matters should have made her acutely aware that she was an unfit person to serve as a Prime Minister, or to serve in any capacity where public trust in public monies was involved.

Her exposed involvement and what more is to follow when Police investigations are concluded and revealed, should have made her realise that a day of reckoning would come, and the cost of that reckoning will impact on this Nation for a long time to come.

How does a Nation live down an elected criminal who serve as their Prime Minster?

In that context – every like-minded Australian should feel a moral obligation to do what is necessary to bring Gillard down and free the Nation from whom and what she is as a person.

This opinion is not a political choice between the ALP or the Opposition – it is on record that I personally have never voted anything but ALP in Federal, State, and Local elections in a 40 odd year voting record.

There have many been times where I have voted ‘None of the Above’ when in disagreement nor liked the candidates put forward. I have never voted for the Coalition in any context and that stems from a career in financial markets during the Hawke and Keating eras where deregulation made heroes of both.

This author is not naive to a point in believing that every administration does not keep its secrets, nor withholds information, nor leaks information to influence public opinion, nor tells direct lies to cover up mistakes.

The question is whether the morality and integrity of those making those types of decisions are honest and above reproach.   The ‘perfect world’ can exists, or at least we should strive for it.   Having corrupt politicians serving as our Leaders only makes it easier for them to avoid the moral issues and make decisions where vested interests prevail.

Everybody can and should be afforded the lesson of learning from ones own mistakes.  Gillards mistakes were covered-up and that was her lifetime ‘get out of jail free’ card.

Using the cover-up to clear the path for her to become Prime Minister is an overreach that highlights the corruptive elements within her ALP colleagues, and the Unions who dictate the terms and conditions under which their candidates and representatives become our Leaders.

The ALP has for a number of decades become a cesspool of corruption and has the intent to use high office to profit individuals.

The Obeid, and MacDonald ICAC inquiries are ongoing proof of just how embedded the corruption has become.   This exposure is not alone, and the ALP are not the only political parties with corrupt Members and Administrators.

An example of self-serving interests – in the initial days of the GFC PM Rudd froze all parliamentary salaries as a measure that was as much about public sacrifices being matched by our Leaders.

Prior to this – Parliamentary Superannuation has been a continued area of frustration for the electorate – MP retirement privileges are far in excess of the average Australian and the cost to Australian taxpayers over time has left a liability owing to retired and current MP’s, Senators, Judges and all those linked to the Parliamentary Superannuation scheme – well in excess of $300 billion.

It is baseline wrong to allow Politicians to vote themselves new pay scales and perks – Corporate require shareholder approval for similar pay increases.  It is a corrupted process, and yet it has been for some time.

Another casing example of what I see as Politicians voting themselves a wrongful vested interest is in Parliamentary Superannuation entitlements.  If Gillard and Swan were to lose their seat in the Sept 2013 election – the value of their retirement package is estimated at near $6-7 million a piece.

Yet it is non contributory benefits scheme – that retirement value will be a direct drain on future taxpayers tax collections.   Swan has served since 1993, having missed a single term from 1996, Gillard has served since 1998.

Most working people work life extends 40+ years – and they contribute to their retirement package all their working lives.  Yet a politician is entitled to a life long pension based on a minimum of 8 years service regardless of age when they leave public office.  See table at left:

In Another sign of Gillards flippant regard for public funds – in the immediate weeks after Gillard deposed Rudd as PM – she began making drafting new laws to give Politicians a massive pay increase.  MP’s remunerations are linked to the parliamentary ‘base package’ voted upon by all Members and Senators.  In Dec 2011 they collectively voted themselves an increase in the ‘base package’ from $130k to $195k.

Yet in all the time since the GFC – Gillard and her Ministers have use the GFC to blame the economic downturn, and urged restraint for the Nation’s private sector, all the while allowing public spending to run amok.  The new $300 billion new debt is there to prove it.

There is an hypocrisy in the choices made by all MP’s on this recent pay rise – i.e. not one of the 150 MP’s from all sides of politics voted against the legislation to pass these salary increases.

It is not hard to hold scepticism about Leadership given some of the corruption scandals that have come to light in each of our lifetimes.  That sentiment has existed since time and leadership began.

We have to be in a position to have absolute trust in our Leaders and believe in a Government that is as absolute in its acceptance of moral and ethical standards.  The media largely cover the responsibility of ‘keeping Government’s honest’.

When the media abdicate their responsibility for vested favours from the Government – we are at the center of a corruption and ethical equation that has only one answer and headed to a single outcome.

Gillard is the perfect example of a corrupted person appointed to a position in which her predisposition is to lie and deceive all those around her.   The media are her friends and accept her version and refuse to challenge her on her credentials, the lies, the policy failures, and the multitude of mistakes made along the way.

The continued cover-up, and mis-representation of the Nations finances has added to the creation of  the ‘perfect-storm’.  The Government of the day sees nothing wrong with lying to and deceiving the public every day about their policy’s, about the extent of the Nations finances, the motives and agenda behind deceiving the electorate, and using the media to help sell their message of deceit.

With this complete mistrust in Gillard and her Cabinet of sycophants – my motive to pursue Gillards downfall is revealed with full disclosure.


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible.

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below -  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


The EYE-BALL Opinion …

EYE-BALL JokeZone – Various 31

The-EYE-BALL-JokeZone
- EYE-BALL JokeZone – ‘Various – 31:
Posted 7th May 2013

Submitted by Colin S.

Scottish Lodger

A Scottish couple took in an 18-year-old girl as a lodger.

She asked if she could have a bath, but the woman of the house told her they didn’t have a bath, although if she wanted to, she could use a tin bath in front of the fire.

“Monday’s the best night, when my husband goes out to darts,” she said.

The girl agreed to have a bath the following Monday.

After her husband had gone to the pub for his darts match, the woman filled the bath and watched the girl get undressed. She was surprised to see that the lass didn’t have any pubic hair. She mentioned this to her husband when he came home. He didn’t believe her, so she said:

“Next Monday, when you go to darts, leave a little early and wait in the back garden. I’ll leave a gap in the curtains so you can see for yourself.”

So the following Monday, while the girl again got undressed, the wife asked:

“Do you shave?”

“No,” replied the girl. “I’ve just never grown any hair down there. Do you have hair?”

“Oh, yes,” said the woman, and she pulled up her nightdress and showed the girl that she was really generously endowed in the hair department … very generously indeed.

The girl finished her bath and went to bed.

Later that night, when the husband came in, the wife asked him, “Did you see it?”

“Yes,” he said, “but why the hell did you have to show her yours.”

“Why ever are you worried about that?” she said. “You’ve seen it often enough before.”

“I know,” he said, “but the darts team hadn’t!”


Submitted by Dawn S.

Julia Gillard met with the Queen in England .

She asked her, “Your Majesty, how do you run such an efficient government? Are there any tips you can give to me?”

“Well,” said the Queen, “the most important thing is to surround yourself with intelligent people.”

Julia frowned, and then asked, “But how do I know the people around me are really intelligent?”

The Queen took a sip of tea. “Oh, that’s easy; you just ask them to answer an intelligent riddle.”

The Queen pushed a button on her intercom. “Please send David Cameron in here, would you?”

David Cameron walked into the room and said, “Yes, Your Majesty?”

The Queen smiled and said, “Answer me this please, David, your mother and father have a child. It is not your brother and it is not your sister. Who is it?”

Without pausing for a moment, David Cameron answered, “That would be me.”

“Yes! Very good,” said the Queen.

Julia went back home to Australia and asked Wayne Swan, her Deputy Prime Minister the same question

“Wayne, answer this for me. Your mother and your father have a child. It’s not your brother and it’s not your sister. Who is it?”

“I’m not sure,” said Wayne. “Let me get back to you on that one.”

He went to his advisors and asked everyone, but none could give him an answer. Finally, he ended up in the men’s room and recognised Tony Abbott’s shoes in the next stall.

Wayne asked, “Tony, can you answer this for me? Your mother and Father have a child and it’s not your brother or your sister. Who is it?”

Tony yelled back, “That’s easy, it’s me!”

Wayne smiled, and said, “Thanks!” Then, he went back to speak with Julia.

“Say, I did some research and I have the answer to that riddle. It’s Tony Abbott”

Julia got up, stomped over to Swan, and angrily yelled into his face, “No, You idiot! It’s the English Prime Minister, David Cameron!”

AND THAT, MY FRIENDS, IS PRECISELY WHAT’S GOING ON WITH OUR FEDERAL GOVERNMENT IN CANBERRA.


Submitted by Dawn S.

Clocks in Heaven

A man died and went to Heaven. As he stood in front of the Pearly Gates, he saw a huge wall of clocks behind him.He asked, ‘What are all those clocks?’

St. Peter answered, ‘Those are Lie-Clocks. Everyone who has ever been on earth has a Lie-Clock. Every time you lie, the hands on your clock move.’

‘Oh’, said the man. ‘Whose clock is that?’

‘That’s Mother Teresa’s', replied St. Peter. ‘The hands have never moved, indicating that she never told a lie.’

‘Incredible’, said the man. ‘And whose clock is that one?’

St. Peter responded, ‘That’s Abraham Lincoln’s clock. The hands have moved twice, telling us that Abraham told only two lies in his entire life.’

‘Where’s Julia Gillard’s clock?’ asked the man.

St Peter replied, ‘We are using it it as a ceiling fan.’


Submitted by Warwick M..

The dog who talked too much

A young jackaroo from outback Queensland goes off to university, but halfway through the semester he has squandered all of his money.

He calls home.

‘Dad,’ he says, ‘you won’t believe what modern education is developing…they actually have a program here in Brisbane that will teach our dog Ol’ Blue how to talk.’

‘That’s amazing!’ his Dad says. ‘How do I get Ol’ Blue in that program?’

‘Just send him down here with $2,000,’ the young jackaroo says, ‘I’ll get him in the course.’

So his father sends the dog and $2,000.

About two-thirds through the semester, the money again runs out. The boy calls home.

‘So how’s Ol’ Blue doing, son?’ his father wants to know.

‘Awesome! Dad, he’s talking up a storm… But you just won’t believe this. They’ve had such good results with talking, they’ve begun to teach the animals how to read.’

‘Read?’ exclaims his father. ‘No kidding! How do we get Ol’ Blue in that program?’

‘Just send $4,500. I’ll get him in the class.’

The money promptly arrives. But our hero has a problem. At the end of the year, his father will find out the dog can neither talk nor read.

So he shoots the dog. When he arrives home at the end of the year, his father is all excited.

‘Where’s Ol’ Blue? I just can’t wait to talk with him, and see him read something!’

‘Dad,’ the boy says, ‘I have some grim news. Yesterday morning, just before we left to drive home, Ol’ Blue was in the living room, kicked back in the recliner, reading the Wall Street Journal. Then he suddenly turned to me and asked, ‘So, is your daddy still bonking that little redhead barmaid at the pub?”

The father groans and whispers, ‘I hope you shot that bastard before he talks to your Mother!’

‘I sure did, Dad!’

‘That’s my boy!’

The kid went on to be a successful lawyer with Slater and Gordon.


Submitted by Dawn S.

Worth the time to just see some nature and humanity inter acting …


Submitted by Warwick M.

A Soldier’s Wife Confesses

This came from a Soldier’s wife. It says it all:

I sat, as did millions of other Australians, and watched as the government underwent a peaceful transition of power twelve months ago.

At first, I felt a swell of pride and patriotism while Julia Gillard took her oath of office. However, all that pride quickly vanished as I later watched 21 SAS Soldiers in full dress uniform with rifles, fire a 21-gun salute to the Prime Minister.

It was then that I realized how far Australia’s military had deteriorated… Every one of them missed the bitch.


Submitted by Warwick Mc.

A Soldier’s Wife Confesses

This came from a Soldier’s wife. It says it all:

I sat, as did millions of other Australians, and watched as the government Underwent a peaceful transition of power twelve months ago. At first, I felt a swell of pride and patriotism while Julia Gillard took her oath of office .

However, all that pride quickly vanished as I later watched 21 SAS Soldiers In full dress uniform with rifles, fire a 21-gun salute to the Prime Minister.

It was then that I realized how far Australia’s military had deteriorated..
Every one of them missed the bitch.


Submitted by Warwick Mc.

A young Arab boy asks his father, “What is that weird hat you are wearing?”

The father said, “Why, it’s a ‘chechia’ because in the desert it protects our heads from the sun.”

“And what is this type of clothing that you are wearing?” asked the young man.

“It’s a ‘djbellah’ because in the desert it is very hot and it protects the body.” said the father.

The son asked, “And what about those ugly shoes on your feet?

His father replied, “These are ‘babouches”, which keep us from burning our feet in the desert.”

“ThenTell me,” added the boy.

“Yes, my son?”

“Why are you living in Bankstown and still wearing all this crap??”


Submitted by Warwick Mc.

SLEEPING WITH MICK

The guys were on a bike tour. No one wanted to room with Mick, because he snored so badly. They decided it wasn’t fair to make one of them stay with him the whole time, so they voted to take turns.

The first guy slept with Mick and comes to breakfast the next morning with his hair a mess and his eyes all bloodshot.

They said, “Man, what happened to you? He said, “Mick snored so loudly, I just sat up and watched him all night.”

The next night it was a different guy’s turn. In the morning, same thing, hair all standing up, eyes all bloodshot.

They said, “Man, what happened to you? You look awful! He said, ‘Man, that Mick shakes the roof with his snoring. I watched him all night.”

The third night was Bill’s turn. He was a tanned, older biker, a man’s man.. The next morning he came to breakfast bright-eyed and bushy-tailed.

“Good morning!” he said. They couldn’t believe it. They said, “Man, what happened?” He said, “Well, we got ready for bed.

I went and tucked Mick into bed, patted him on the arse, and kissed him good night on the lips. Mick sat up and watched me all night.”

With age comes wisdom.


Submitted by Warwick M.

Little Hodiaki

The teacher said, “Let’s begin by reviewing some American history.

Who said ‘Give me Liberty, or give me Death’?”

She saw a sea of blank faces, except for Little Hodiaki a bright foreign exchange student from Japan, who had his hand up: ‘Patrick Henry, 1775′, he said.

‘Very good!’

Who said, ‘Government of the People, by the People, for the People, shall not perish from the Earth?’

Again, no response except from Little Hodiaki, ‘Abraham Lincoln, 1863′.

‘Excellent!’, said the teacher continuing, ‘let’s try one a bit more difficult…’

Who said, ‘Ask not what your country can do for you, but what you can do for your country?’

Once again, Hodiaki’s was the only hand in the air and he said:

‘John F. Kennedy, 1961′.

The teacher snapped at the class, ‘Class, you should be ashamed of yourselves, Little Hodiaki isn’t from this country and he knows more about our history than you do.’

She heard a loud whisper: ‘F . . k the Japs,’

‘Who said that? I want to know right now!’ she angrily demanded.

Little Hodiaki put his hand up, ‘General MacArthur, 1945.’

At that point, a student in the back said, ‘I’m gonna puke.’

The teacher glared around and asks, ‘All right! Now who said that!?’

Again, Little Hodiaki said, ‘George Bush to the Japanese Prime Minister, 1991.’

Now furious, another student yelled, ‘Oh yeah? Suck this!’

Little Hodiaki jumped out of his chair waving his hand and shouted to the teacher, ‘Bill Clinton, to Monica Lewinsky, 1997!’

Now with almost mob hysteria someone said, ‘You little shit. If you say anything else, I’ll kill you.’

Little Hodiaki frantically yelled at the top of his voice, “Michael Jackson to the child witness testifying against him, 2004.’

The teacher fainted.

As the class gathered around the teacher on the floor, someone said,

‘Oh shit, We’re screwed!’

Little Hodiaki said quietly, ‘The Australian people, 2011.’


Submitted by Judy B.

A lady goes to her priest one day and tells him, ‘Father, I have a problem.

I have two female parrots, but they only know to say one thing’

‘What do they say?’ the priest asked.

They say, ‘Hi, we’re hookers! Do you want to have some fun?’

‘That’s obscene!’ the priest exclaimed,

Then he thought for a moment……

‘You know,’ he said, ‘I may have a solution to your problem. I have two male talking parrots, which I have taught to pray and read the Bible…

Bring your two parrots over to my house, and we’ll put them in the cage with Francis and Peter.

My parrots can teach your parrots to pray and worship, and your parrots are sure to stop saying… That phrase… In no time.’

‘Thank you,’ the woman responded, ‘this may very well be the solution.’

The next day, She brought her female parrots to the priest’s house…. As he ushered her in, she saw that his two male parrots were inside their cage holding rosary beads and praying..

Impressed, She walked over and placed her parrots in with them… After a few minutes, The female parrots cried out in unison:

Hi, we’re hookers! Do you want to have some fun?’

There was stunned silence…

One male parrot looked over at the other male parrot and says,

‘Put the beads away, Frank, Our prayers have been answered!’


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SmilingMost Popular/Visited EYE-BALL JokeZone links as at – 2nd Dec 2011:

  1. Stand Alone Joke – Little Johnny and Sis’
  2. YouTube Post – ‘Charlie Sheen and his Goddesses’ – as real as it gets …
  3. Stand Alone Joke – Santa Clause – an Engineer’s Perspective
  4. Stand Alone Joke – Moral Story – Bullshit’s Reward –
  5. Various – More ‘Little Johnny’ Jokes – 1
  6. Stand Alone Joke – PM Gillard and some of her Cartoons –
  7. Stand Alone Joke – A Deserted Island Joke
  8. Stand Alone Joke – One night stand court case –
  9. Stand Alone Joke – Some Blond Jokes – I –
  10. Stand Alone Joke – Anger Management –

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SmilingThe EYE-BALL JokeZone Index is an Australian produced site and presents a collection of Australian and International humour alike. You’ll find the content either in Joke format, a Video or YouTube upload, or in some stunningly beautiful Nature and other Worldly images presented in PPS format. You’ll also find some inter-active stuff if you’re so inclined. Bookmark the site and come back often as content is continuously being added and highlighted with “NEW”. Hope you smile a lot – it is about the only thing that keeps this World together … let humour do it for you and be happy !!! If you want to contribute and send content – please use this E-Mail Address: – be sure to include your ‘handle’ or name for accreditation purposes … all messages will be reviewed for suitability – no Porn, explicit violence or abuse please.
Categories: The EYE-BALL JokeZone

EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 40 – The YouTube Clip that keeps on Giving – Labor’s [Gillard's] Lies and Awkward Moments -

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Latest ‘Harry’s Growl’ Posts:


Larry Pickering Cartoons – Added 7th May 2013 – click to view in a new window:





To see more of Pickering’s Political cartoons – use this link


- To see more EYE-BALL Harry’s Growl posts: click here …


Title:
- Election 2013 - Growl No: 40 -
- The YouTube Clip that keeps on Giving -
- Labor’s [Gillard's] Lies and Awkward Moments -
| Author: EYE-BALL’s Harry’s Growl | 7th May 2013|
Latest Pickering images – 3 Favourite Cartoons added 7th Apr 2013 – see image links to the left.


There is a constant need to fully reflect on recent history to get a full appreciation and sense of the baggage Gillard and her Government have left behind.  It is beyond bewilderment that Gillard continues to survive.

It is only with hindsight and the refresh memory of statements made, the rehashing of previous policy initiatives, and the raw realisation of where all the ‘cock-up’s’ have led the Nation – that the full appreciation can be devoured in how bad Gillard and her team of bumbling Ministers have performed.

The YouTube clip below places time and history in perspective – and normally the ability to judge a Leader does not come in such a short timeframe of history … please take 10 min or so to watch and remember … pass the link onto your friends to help them all realise just how toxic Gillard is to this Nation.

Click here to view via YouTube:

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EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 39 – ZNet hosts Conroy and Turnbul – in a debate on Communications -

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Latest ‘Harry’s Growl’ Posts:


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Title:
- Election 2013 - Growl No: 39 -
- ZDNet hosts Conroy and Turnbull -
- in a debate on Communications -
| Author: EYE-BALL’s Harry’s Growl | 6th May 2013|
Latest Pickering images – 3 New Cartoons added 30th Apr 2013 – see image links to the left.


ADavid and Goliath battle went ahead today between Communications Minister Senator Stephen Conroy, and Opposition Communications spokesperson Malcolm Turnbull.

This was a forum hosted by ZNet and predominately to debate Communications issue currently before the Nation – i.e. the Governments NBN, and the Oppositions Broadband solution.

For starters – can you imagine the pee running down Conroy’s leg at the thought of someone with his intellect and knowledge base going up against Turnbull?

The venue was a community style hook up with ZNet providing the presenter.   The 45 minute stoush can be seen below via YouTube replay.  A link to the ZNet story about the match-up can be read here.

[Warning - the format of the Q&A makes this a tech savvy debate - it is not a simpleton's  broadcast ... but it does get interesting toward the end as the Minister and Turnbull get personal ... there is no doubt that neither have any time for one another.]

As boofheads go – Conroy is a special kind of dumb – this Author has gone to town on him many times in the past and it never gets stale. Fresh material is only a press conference away and this debate measures a simpleton up against someone who knows what he is talking about.

The NBN is an idea – can Australia afford it, can Conroy deliver it – both questions that have to be answered in the negative. The $12 billion already promised to Telstra for the copper network was the worst deal possible for Australian taxpayers and signified Conroy’s ineptness.

The failure to meet performance, hook-ups,  and sign-up projections make it the biggest white elephant ever.

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EYE-BALL Opinion – Gillard’s Real Problem – a truthful expose on her past deeds –

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Latest ‘EYE-BALL Opinion’ Posts:


- 5th May – The Drugs in Sport Scandal - it’s not about the DRUGS – it never was …


- 5th May – Free-to-Air TV and NRL Broadcasts – it’s definitely not about pleasing the fans -


- 4th May – Truth and Clarity of facts count – the real cost of Gillards asylum seeker policy -


- 27th Apr – Gillard’s long walk of shame is almost nigh – her past is about to catch up with her …


- 25th Apr – Prime Minister “JEZEBEL” - Does she deserve the Respect of the People? -


- 24th Apr – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal -


- 24th Apr – Our Higher Education System – Universities fudging research for Higher Funding -


- 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education -


- 3rd Apr – Gillard v Nth Korea -
- Gillard off to China to fix the problem -
- talk about an overreach -


- 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools -


- 30th – Be careful what you wish for -
- A vote for Gillard and her supporters … … is a choice for  Unionised Socialism and Class Warfare …


- 28th Mar – Apathy – Australian’s have it in spades and deservedly so -


- 23rd Mar – Legitimacy -
- Australia demands it – Gillard does not have it -


- 19th Mar – A downside of Democracy – and the ease in which past Leaders move on -


- 16th Mar – The UNION’s - someone needs to tell them – about high labour costs -


- 15th Mar – Gillard decides to jump off the cliff – she would like us to all to accept her invitation to follow - her desperation is obvious and her judgement is becoming suicidal -


- 14th Mar – Conroy’s Proposed Media Overlord -
- If the Government lifted its game – then perhaps the media have an incentive to do the same -


- 12th Mar – The Speaker of the House Fails all Australians – Question time is a farce, avoiding accountability -


- 11th Mar – On Education – ‘The Munsters’ style – Bowen and Garrett put on a show -


- 10th Mar – The Nation is Slipping Away – can you feel it? -


- 9th Mar – The Dribble … it’s just so exhausting


- 6th Mar - Journalist’s – the perils of Slow News Days -


- 5th Mar – Gillard and Rooty Hill – why not Gillard helping the WA Election Campaign -


- To see more EYE-BALL ‘Opinion’ posts:

click here …


Title:
- Gillard’s Real Problem -
- a truthful expose on her past deeds -
| Author: EYE-BALL Opinion | 6th May 2013 |
There is a realism to Australians and their ability to stink out rats and crooks.

Almost like an uncanny inherited skill that reflects the heritage of our great ancestors – convicts and the like all shipped out to make room in English goals for more petty thieves and more serious criminals.

Rest assured the public opinion of Gillard is such a revelation – she is tarnished – corrupted – and all those who support her are guilty of a crime where conscience is absent.

A generous contributor to this site is ‘Hillbilly 33′ … Hillbilly blesses a number of political blogs with commentary all aimed at Gillard and her criminal past.  The common theme in all these posts and comments registers an abhorrence in tolerating and accepting a unconvicted ‘criminal’ as our Prime Minister.

‘Hillbilly33′ posted a comment on a previous post today that we should all read with a vacant mind and let the evidence form the opinion … that comment is again presented below:

Comment posted by ‘Hillbilly33′ – 5th May, 2013.

Hi Eyeball. This may not be the most appropriate place for my post but do with it what you will.

From day one of gaining their licence to practise, every ethical solicitor tries to adhere to the basics of their profession, some of the principal ones being:

  1.  avoid conflict of interest;
  2.  Keep meticulous records of all dealings with all clients;
  3.  keep their clients informed;
  4. if in a partnership, comply with their own fiduciary obligations to be of utmost good faith and make timely disclosure to their partners. particularly of all matters which could affect them in terms of Professional Indemnity.
  5. in giving advice to clients, act with competence and care.

To do otherwise would be wrong.

Julia Eileen Gillard constantly claims that as a solicitor, she did no wrong.
Following are the substantive facts to which she has either admitted, or which history and the factual documented evidence has shown to be true. Judge for yourselves!

GILLARD’S ORIGINAL SINS

  • She deliberately chose to begin an illicit longterm relationship with AWU employee Bruce Wilson – immediately creating a potential conflict of interest.
  • She made it a definite conflict of interest by deliberately not disclosing the relationship to her employing partners at Slater & Gordon
  • She exacerbated the conflict of interest by deliberately not disclosing the relationship to the firm’s main AWU client, for whom she and her industrial section supervisor, Bernard Murphy were acting
  • She confirmed the deliberate nature of her decision to fail to dislose it to any.affected parties, by failing to disqualify herself from representing either her AWU lover or the firm’s AWU client in any future legal dealings

The whole Wilson/Blewitt/Gillard AWU Fraud Scandal resulted from those first deliberate, critical decisions by Gillard to enter the illicit relationship with Wilson and keep it secret.

The motives of Gillard and Wilson were obvious; to further the driving political ambitions they both held at that time. To achieve those ambitions, their relationship had to remain secret and that was why Gillard sacrificed any integrity or principles she may have once held, and went to such extraordinary lengths breaching so many rules of her profession, her client and her partnership, to do so.

The gross conflicts of interest are also obvious, but with Unions controlling over 50% of the votes at Labor Party conferences and also able to have a profound influence on parliamentary candidate pre-selecion, the potential of such a liaison between a powerful Labor Right-wing Union Secretary and an unprincipled Labor Left-wing lawyer was unlimited, particularly when Gillard had the power to enable her lover to access huge amounts of money.

This is exactly what she did in 1992, breaching every relevant rule of the AWU and the Legal Profession Practice Act 1958 and the W.A Associations Incorporations Act 1987, by assisting him to set up, register and incorporate the sham entity she personally, in her own handwriting on the Application to Incorporate, unlawfully named the ‘Australian Workers Union – Workplace Reform Association’, enabling Wilson to open and operate the unauthorised bank accounts he used to implement the fraud.

The rest, as “they” say, is history.

Those who like to contact their politicians, particularly those in electorates represented by Labor lawyers, might wish to use this post to put a question or two! If Eyeball agrees, you certainly have my full permission to use it in any way you see fit.

Cheers H/B

With clarity and direct introspection – Hillbilly33 has revisited the simplest of expected behaviour and pointed out Gillard’s failings – where Gillard says – ‘I did nothing Wrong’ – others know different.

Gillard can never escape this history and for her to have risen to the PM’s office – those who assisted in that elevation are equally corrupted and due their own enema of exposure.

Well done Hillbilly and thanks for the continued support.


The EYE-BALL Opinion plea for action:

A Note:  This site is dedicated to having Gillard as Prime Minster removed by all legal means in the shortest timeframe possible.

Gillard’s Government is poison to this Nation … how do we get rid of her now?

The message has to be sent – there are some 14 million registered voters represented by 150 MP’s – 72 of which are ALP.    If each of these 72 ALP MP’s received an e-mail, a fax, a phone call, or a letter from all the people who want her gone with a simple message like the one below -  :

This is a protest message …
GET RID OF GILLARD

… do you think it might motivate caucus …

Please – send this message to as many and as often as you can – bombard the Caucus Members with a message so clear and with weight of numbers that it will force them to act.

You could also think about sending it to the Independents, Oakeshott, Windsor, Wilkie, and Brandt,  as well … Katter already votes with the Coalition, and Slipper and Thompson are a lost cause and their fate already sealed.

Links to every MP e-mail can be found using the Australian Parliamentary Website Members and Senator links below … pick your ALP MP or Senator, or send it to all – voice your opinion now.

Please – if you found this story to your liking and would like to promote it to your social media contacts – i.e. Twitter, Facebook, or other icon linked account below – please use/click on your favoured Icon(s) to promote the story.  Thankyou.


Have your say where it counts: – contact your Local Federal Representative via the links below and let them know how you feel about this, or any other topic that you feel strongly about – or you can just post a comment below and let off some steam.

Links to Australian Parliamentary Website – MP’s


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