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Parliamentary Question Time … the day after the 2011 BUDGET

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Title: …
“Parliamentary Question Time …

… the day after the 2011 BUDGET ….
Thought for the Day “Let not the hard road distract you from your purpose …


The 2011 Budget:

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he Australian Federal Budget release last night was as always – long on talk but very raw on anything innovative. The Media Headlines the next day were all very predictable – it is as if that in delivering the summary of the BUDGET – the Federal Treasurer in holding the Nations attention whilst delivering his oration – in some ways gives him reason as all Treasurers do – to claim ownership and credit for the 600 odd page document that cost’s more to print that a dozen Disability pensioners get paid in a year. We saw Mr Swan make his appearance – in his best suit – freshly cropped hair – and freshly showered and shaven for his media event of the year – and from his perspective this event is meant to re-assure us all.

As if these Leaders think that selling it – is gonna make us buy it … I hold great doubt that any above the bureaucrat level have any idea what really happens in the world of Corporate Australia – or Small-Business – or even in Struggle-Land for that matter where most Australians try to etch out a lifestyle.

The reality of all things financial is that you have revenue receipts – and then you have expenditure outlays – the difference between the two equates to the surplus/deficit that every Media, Business Leader and Financial Market operative focus’ on when the BUDGET is delivered. Under any normal Government Management of its economy – in famine or tough times – Governments tend to borrow and inject funds into the economy via infrastructure type projects – and welfare type assistance i.e. unemployment/welfare etc … The expenditure in tough times is meant to keep the troughs out of the economy and keep the economy bubbling along – i.e. boom/bust times – and in feast times – it decreases its own spending and lets Business have the borrowing market and with increased Business activities – Government tax receipts rise and allows it to pay down debt it borrowed in the hard times. Kindergarten stuff right … hope this has not bored you yet – it’ll hot up soon …

The Parliamentary MAFIA:

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enough of the history – the household budget works the same except on a different scale. Government Budgets can be likened to the new and non-violent MAFIA. They extract their pound of flesh whilst all the time – our efforts in reducing that pound is a yearly game. Corporate Australia pay less tax in percentage terms – and by a large margin – that does the average payee earner earning the basic wage.

I see the any Government as modern the day Mafioso gangsters – the current crop of Leaders were calling themselves the ‘Gang of Four’ only a year or so ago – but now only two on them remain – and these two were not the smartest of the bunch …

We freely hand over our taxes the way Mafia clients would pay for their protection – our employer is their agent … and yes we are Australian and this is our Country – and we have to pay over some taxes because that is the way it has always been done.

Well here is a thought – so much has changed in 5000 years of tax collection – do you thing it’s time for a new approach to be considered as a means to fund Governments.

In all Nations – Government’s are the biggest spenders within their economy – call them the biggest fish in the pond of floating commerce out there – nobody beats him – or is bigger than him – he’s the ‘GREAT BIG WHITE SHARK’ prowling every nook and cranny looking to pick up his fee for you doing creative business that turns a profit … his pockets to chase down that tax-avoider are deep – and if he is on to you – then you are fish bait on a hook waiting to be digested and processed.

Some smart Lobbyist know how to befriend this shark so that he does not bite them – the Lobbyist finds a way to get his clients/friends to bid on Government Contracts – there is always graft in Government contracts right down to the Transport Inspector passing a car inspection defect. Who cares about audits and the like to make sure everything is done in the tendering process is above board to see if contracts are genuinely dealt with … that’s what lobbyist do – they smooth the rails to allow things to flow without anybody getting a flashbang door knockdown … you don’t think that greasing the palms starts at the bottom and works it’s way to the top – everybody is on this gravey ride … it’s only when someone is left off – or kicked off that the whistle blower puts an end to the party. Where does it stop – everybody wants a piece of a Government renewable contract – just ask all those contractors who lined up for School building programs … oops – got a bit off topic there …

Who actually runs the Government –

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he bureaucrats behind every Government Department – the Public Servants – that’s who. They are the real workers who run the Government – Politicians just set policy and tweak a few of the settings left over from the previous Government – occasionally someone will try to shake things up a bit i.e. Mr RUDD – but we all know that the pack got to him … generally expenditure and revenues is where the tweak’s happen and they make us believe that we could not do it all without them. Really it’s just ego stroking and these days they each Member has 4- 6 staff on the payroll doing the stroking. None of them really make a difference – I could count on two hands the number of Leaders and Members of Australian Governments who in my opinion really made any difference in my life time … again off-topic …

Anyway – back to the MAFIA angle – we have no say in what tax we pay – these tax levels – Corporate and Payee – are all set by the Government’s calculated forecasts – i.e. inflation impact – the rise and fall if interest rate policy by the RBA – and a host of other variables.

But in the end – it is about trying to cover the mistakes consecutive Governments make – you don’t believe me – well every day in the HOUSE – successive Ministers get up to the microphone in response to an Opposition question and in any number of clever ways – we are made to listen to how each side of the House blames the failed policies of the other – all the while trying to fool the poor man in the street and have him understand why he is always gettin’ the short end of the deal. Parliament – the biggest ‘con’ job in the world – Political SPIN I think they call it as a friendly term … crap for mine …

If it wasn’t so bloody serious – a man could have some fun with all the crap these Leaders dish up on a daily basis – where is the smart journo that can take the piss and expose all this crappola being served up on a daily basis.

Now Mr Hockey – Kapocky –

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oday in the ‘Big House’ question time – Mr Hockey asked the Treasurer a question about the Budget – this is true – roll back the tapes and you will hear it in full – he preambled a question about interest rate increases as a result of the BUDGET and asked the Treasurer to tell the house how much it was going to impact on the cost of a mortgage.

Before he delivered the question – he paraphrased about ‘Mr GREENWOOD’ – the cowboy Financial commentator who has a giggle spot on Logie Winner Karl’s morning show – Mr Hockey’s preamble quoted from Mr Greenwood’s own comments about how the budget would impact and raise interest rates – I could not believe that a Federal member could be so naive as to give a free plug to a media commentator – well Joe you must be looking for Mr Greenwood’s employer to go easy on you and your obvious genius Financial knowledge – durr …

You are the Opposition Treasury spokesperson for god’s sake- why the f_ck do you need to use Mr Greenwood’s comments to make a point about a Budget and the impact it might or might not have on interest rates – surely as the Opposition Treasury spokesperson – you would and should have qualified staff on your payroll who’s job it would be to inform you of all these things – if you did not have the understanding – or the quick wit to debate the interest rate challenge presented by the BUDGET – then you are way out of your depth – and to that I say you’re a laughing stock Joe – and even Barnaby could not have produced a ‘clanger’ as good as that the day after the Budget.

Then when Mr SWAN gets up to respond with a ‘cheshire cats grin’ – he also drew on – wait for it – overseas credit rating agencies reports – he actually mentioned Goldman Sachs and Moody’s and clarified Moody’s as a ‘credit ratings’ agency of note – why is he using this interpretation by now known to be less then creditable sources – and whose ratings can be purchased – look at Fanny Mac and Freddie May – and then of course there is AIG and then the biggie – the SUB-PRIME assets they gave AAA+ ratings to … why would the Treasurer have to go there to belt Joe’s head outta the park … this was comedy capers on a day after the Budget – and neither Treasury spokesperson spoke in detail on any of the real issues concerning this budget – or its impact on the many millions of Australians who will have their incomes diminished.

This – as I have said – is serious stuff and from the top of the tree when it comes to Leadership … all I can say – monkey see – monkey do …

This is just some of the same crap dealt up every day by our elected Leaders – and now we get to that $8 billion in reduced tax collections thumping insight – I’ll get into that big-time in a minute – but I’ll ask you in the mean time – just who is being asked in this BUDGET to do the lion’s share in clawing back that $8 billion of lost revenue – and I then ask you is it appropriate to keep targeting a marginalised group when all the Government has to do is flick a switch to reduce its outlays to pensioners …does not cost them a dime to cut welfare payments – not like tax office auditors going out there and looking at corporate tax shelters to try and make wealthy people pay their fair share of tax …

The $8 billion Shortfall:

This ‘spin’ Mr Swan is putting out there – and being equally gobbled up by the dumb-down media scribes – has to be the biggest ‘snow’ job in a decade – almost as big a porky as the comment by former PM John Howard when he was battling with Keating to win the 1997 – election – he said:

“There will never be a GST …

I still have the transcript of the Paul Lyman interview – [RIP – best political journalist in a generation] – he had with Mr Howard in an aeroplane ride during the re-election campaign … Mr Lynam was pointing out and asking why Mr Howard was using tax payer funds to pay for – and sell the Governments GST package to the electorate as part of his re-election campaign …

Off topic again – sorry – back to the $8 billion – included in the 2009-10 Department of Foreign and Trade annual Composition of Trade Australia’ – DFAT – report – the ABARES Forecasts in this report – page 14 – for major commodity exports by Australian exporters was reported as follows:

  • 2008: $194 billion
  • 2009: $210 billion and as forecast for …
  • 2010: $223 billion

The value of the A$ against the US$ during this 2008-11 period can be seen from the following chart:

$A v US$ 2008- May 2011
Incredible Charts

Chart courtesy of Incredible Charts – linked via their logo above:

My point is – and it seems that everybody knows this – but the rising A$ is reducing A$ revenues and hurting our exporters big time – and in turn – that reduces Government tax collections.

To get an estimate on Corporate revenues being pissed away – the tax bill on those revenues is the $8 billion Mr SWAN is flapping about … – so when Mr Swan goes to town saying that the long-term unemployed – and disability pensioners – all need to get out and into the work force – he is saying many things – but most importantly – the real message is in what he is not saying – their not gonna tell you this one – but the tax revenues from those they want to push into the work force are going to contribute tax and as a consequence – stop receiving their benefit – now you tell me how many of the 4.5% unemployed and 5% national disability pensioners – have to go back to work to pay down $8 billion – or put another way – who the f_ck is he kidding – and any monkey can see this as clear as day right …

Now you compare the value of the A$ at A$.65c to its current $1.07 level – that’s a 61% increase over the 3 years – now you do the math’s – a mean average over three years is 20% a year – and when you look at the steady rise of the A$ in the chart above – it is not a fool’s assumption – now you calculate what 20% of the export receipts from the 2008 -2010 as reported by ABARES above and you get these numbers –

  • 2008: $194 billion @ 20% = $39 billion
  • 2009: $210 billion @ 20% = $42 billion
  • 2010: $223 billion @ 20% = $45 billion … and for the record exports being reported for 2011
  • …estimates for 2011: $250 billion @ 20% = $50 billion
  • The collective total since 2008 = $166 billion

I can’t tell you straight up that the rise in the A$ has cost Australian exporters $166 billion – what I can tell you is that the number is well over $100 billion – do you know what could have been done with that $100 billion of additional Corporate revenues – I have plenty of Ideas and I’ll share one with you in a minute …

Now if the Management team of the Australian economy – Mr Swan and his Treasury classmates – they are not qualified to be TEACHER’s – have just stood back and watched our resources and agriculture ‘gold’ being shipped off-shore at 60% less in revenues and did not do a god-dammed thing to try and stop it – how big does a Financial cock-up have to be before you can boot a Government out of office – how about the TELSTRA float – collected and valued at $40 billion in the first float – and within a year the same shareholdings were worth more than $100 billion – Mr Fahey just handed that appreciation over to the wealthy investors – some of his Member mates got in there as well – but how could a Government get a price of an asset like Telstra so wrong – don’t mind its current value – they’re all self-inflicted wounds – at the time it was sold TELSTRA was the top dog .. sorry off topic again …

Mr SWAN just does not get it – you don’t have to be a rocket scientist to realise that when the WORLD is screaming out for what we have to sell – why sell it at a ‘Crazy Clarks’ disposal price … – do you think ya might want to have a think about the where and the why you are having reduced revenues – you must know this – the problem is that you are to scared to make a friggin’ decision – devalue the A$ and burn all those overseas speculators who have parked their punt Banks in A$’s – you have so many options – but you just sit back and watch us all get screwed and you want to screw us more by taking the unemployed and disabled for a spin down misery lane – just so you can balance some numbers in a BUDGET that’s about as rubbery as an old fellas ding-dong …

But – no – Mr Swan spruik’s the free market debate – and all the while China and the like – who benchmark their currencies to the US$ – pull our pants down and have a good look at our runny assholes – we are shitting Australia’s prosperity down the crappolla … and all Mr Swan can say when asked a direct question by some lipstick journalist with a ‘Laurie Oakes’ type clipboard – with questions typed in bold print so she can read it at a glance and ask the question she has been told to ask – and therefore because he/she is a no-brain journo – who’s only right to hold a press card is because they look good enough to eat on TV – has no follow up or response question to any answer that does not address the question – it’s truly pathetic watching these rolled out impromptu press conferences … by the way – Mr Swan’s answer to the question about the value of the A$ and its impact on export revenues was – and I quote:

“… ultimately – these things are matters which are determined within the market …

You absolute ‘boofhead’ – three years ago these ‘markets’ and their grouchy operators backed the World up against the abyss and said – ‘bail us out or we’re gonna take you all down …’

Now – you want to say that they can speculate the hell out of the A$ and as a result we all have to suck-up because you have an $8 billion hole to fill … piss off fairy man … there are any number of ways you can recoup lost value from exports against a rising currency – I challenge any boofhead in Treasury to advise what idea’s they have seriously thought of – excise duty – wharf TAX – benchmarking and locking the A$ into our major trading partners basket of currencies – straight out devaluation – setting up our own ‘iron ore to steel- business in the Pilbra – importing the labour to staff it if we can’t find the willing workers – and get to keep the difference in what we receive as export revenue – and what we pay China in ‘trinket’ imports – on the way back – some 4-500% difference all kept on-shore and for the prosperity of all Australians – it’s called value adding – I’m sure you’ve heard of it … just think of all the tax you can collected from that little exercise …

Where is the independent or original thinking process – everything just happens in a box and a tunnel from one Government as it passes to the next … Bloody $8 billion … bunch of tossers …

The $8 billion Shortfall – [again] :

If you were to listen to the ALP Leaders out there comparing Australia’s position relative to the rest of the World – just another word to the uneducated on past mistakes – or for those who just don’t give a toss – or those who forget what happened last week – last month – or even a year ago – just ask yourself if you remember the ‘PINK BATS’ – what was that – a $10 billion cock-up that we still don’t know what the final cost will be with for the – ‘oops – sorry but we had better fix all this’ – bill still ongoing – or for that matter – how many lives will be lost from future fires.

Then there was the school Revolution Building Program or something called like that – another $40 billion spent for what most people say was worth $20 billion of infrastructure … who got rich on that scheme …

So, when Mr SWAN gets up and says Government receipts are down $8 billion and therefore we have to roll out everybody’s easy whipping dog – the long term unemployed and disability pensioners – because it is immoral to bludge – and that is where we will be able to save some expenditures to balance the budget – you and your hugging cronies are numb-nuts – stand up and say – ‘we cocked up’ – because you did … you got some spending wrong and we were flippant with some programs and it cost you – the taxpayers – you might just get some creditability if you did –

But forking over this crap about balancing the budget by 2012-13 – you’re a pyromaniac trying to put out a fire you started in the first place … get the f_ck over yourself and take a real long hard look at what you did increase spending for in this BUDGET – Mental Health – who do you think’s gonna want that mental health help – all those long term unemployed 45+’s – and the disability pensioners turned mental basket cases with varying depression issues caused by Governments pushing them beyond their cope boundaries –

Let me tell you a story – a kinda scenario – for over a decade now – both political parties when they were in Government – adopted a policy of trying to aggressively push both parents out into the work force – thus leaving young children in day-care and adolescence children to mind themselves and become involved in activities without any parental supervision or knowledge – one of the reasons and by-product – higher tax receipts for the Government –

Well after 15 years or so – do you want to know why most teenagers in single parent families are much harder to manage – why apathy is their daily depression issue – they have become independent whilst living at home and cause all kinds of family problems because when the parent does come home – tired and exhausted – the last thing they want to do is to have to deal with is a problem child wanting to live their own life and make mayhem when they don’t get their own way – they have no attention span because all this tweeting and face-booking gives them entertainment and it does not involve parents – parents are fast becoming the most challenged people in society – most can’t wait until their kids move out – that is at the core of what is driving the ‘mental heath’ crisis in this Country … family breakdowns – both at the parent level and at the adolescent level – now as a Leader – how does this BUDGET address these problems – you identified the MENTAL HEALTH problem out there – but all you did was poor fuel on the problem – and it’s gonna be you who ignites the flame …

There is only one way to change Leadership thinking – we saw in in Egypt – Libia – and now in Syria – public outcry … I don’t support violence – our Leaders need to be shamed into a better form of Government – our problem is electoral apathy – we believe that as any individual – what can we do?

Well that is what this Blog site is all about – in the last election more people voted informal than those who voted for the GREENS – the GREENS are virtually running the Country on important policies – just imagine what that informal vote could do if it got interested …

Write to your Local Member – e-mail him and follow up when he/she does not respond – about anything that concerns you – demand a response – by Law they are supposed to respond to all cordial messages … I have four issues currently with my Local Federal Member – Mr Paul Neville – he owes me a promised phone call which I keep reminding his staff about … hell – he is my member and he works for me …

So don’t be shy – have a say – have a scream – have a RANT … but just make sure you say something … as for this BUDGET – it’s as Mr ABBOTT called it – a DUD – it did not fly but all the FRONT bench got up and gave their support to the man who delivered it – perhaps that was why he showered and shaved – he did not want to stink as this BUDGET surely stinks …

The EYE-BALL …

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  1. Malik Kue
    May 27, 2011 at 5:44 am

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  2. PCSO
    June 9, 2011 at 2:27 pm

    Very well said, your blog says it all about that particular topic…

  1. June 2, 2011 at 1:58 pm
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