EYE-BALL’s Guru on – Wayne Swan’s “Treasury Mistakes” – Heads must roll – Swan and Bradbury must accept responsibility’ –
Latest GURU Posts:
– 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 – – 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” – – Heads must roll – – Gillard, Swan and Bradbury must accept responsibility’ – | Author: EYE-BALL Guru | 29th Apr 2013 | |
We all remember the emphasis Swan and the rest of the Government placed on “Jobs – Jobs – Jobs” in the 2009+ era.
The Government made a conscious decision in the aftermath of the GFC and took liberty with fiscal policy and used employment as the trigger to allow themselves to let debt escalate. The Nation has not arrived at it’s current financial abyss without a collective brain’s trust failing. Working in the background feeding the Budget forward estimates up the ladder to their political masters are the Treasury bureaucrats and their yuppy underlings – all with starts in their eyes and willing to do the bidding of any taskmaster. The question has to be asked about in the way these subordinates go about their business and do their best for the Nation – which came first – ‘the chicken of the egg’. This is the crux – who feeds the pony? Do the bureaucrats have a responsibility to the Nation that separates them from the political will of their masters – or do they protect their careers and appease the political masters at the expense of the Nation – The forward estimates have been way off target for years … who fudged the forward estimates based on a dodgy MRRT revenue expectation? Who relented under Gillards pressure to spend her way to her own agenda? Politicians formulate policy and throw the ball to the Treasury to find ways to fund and cost the policies and deliver accurate forward estimates. It is only then that a Government should consider the policy and its impact on the economy. The question is not whether the Treasury fudges the forward estimates to give the Government the news it wants to hear – it’s about Treasury staff being incompetent to understand the modern variations of economic measurements and not understanding the MRRT policy impact, or the Carbon Tax forecast against a carbon price underpinned by the European carbon price. Sadly – this Gillard led Government has had stars in it eyes from the get-go … Gillard was in a rush as all Labor Government’s tend to be. Gillard had the Rudd GFC response to build upon and she and Swan continued to use the GFC excuse to push new expenditure policies believing the Debt/GDP ratio comparisons allowed Australia to continue with the spending. History has now shown us that that spending was not needed as China handed Australia an economic lifeline. If the truth be told – Australia’s GFC fallout was postponed and awaits us downstream. China will not be there to bail us out a second time as resources are now off the boil and aplenty, other Nations are coming on stream and are much more competitive than Australia – China will do what is best for China. The $300 billion debt created by successive ALP Government’s since 2009 have fueled GDP growth and propped up the private sector. The single reason for Australia’s uncompetitiveness has been the continue lack of response for the RBA and Government to enact measures to weaken the high A$. So much so that the damage done to our export industries has been by and large overlooked. The high A$ is the sole reason for our nightmare if anyone is looking for a pivot. Swan thinks it a good thing, but then he does not understand the $trillions of lost export revenue over the last 10 odd years. This single offset to what should have been Australia’s most profitable mining boom was diminished because the rest of the world invested in Australia and took all those profits offshore. Only idiots could allow this to happen and Howard and Costello were equally ignorant of the undercurrent happening in global investment from the early 2000’s. Treasury and RBA are the most to blame because they serve all Masters – they should have been advising and readjusting the forward estimates on growth and reduced export earnings all as a result of the hig A$. They were grossly incompetent and deserve every criticism they have coming their way. Treasury created a complete misread on revenues and expenditures right across all the forward estimates. The Government also allowed itself to use it’s own policy expectations of forecast revenues from the ‘Carbon Tax’ and the ‘MRRT’ to hedge their bets on continued spending for their new policies. In real terms – the Government spent before it could confirm the tax collect. This was a decision Gillard and Swan made as a collective to initiate policy’s that would paint them in a better light. Gillard gambled again and has been caught out – just as she has gambled on the AWU scandal never coming back to haunt her. Since that abandonment in Dec ’12 – the excuse used has been reduced revenues. Any economist or financial commentator can used the budget numbers and extract the hard data and disprove this Government excuse. See the table and chart below to help … or click here to see Table and Chart in a new window now. In recent weeks Swan tried to change the excuse – he changed the message and it became about the high A$ and its direct responsibility on the revenues. This was a more plausible argument and should have been where Swan and Bradbury and all the other Cabinet minions went with their message last December. But alas it did not gain traction and the original ‘revenue writedowns’ has again be installed as the excuse message. Confirmation of this came overnight when the Government leaked there has been a $12 billion ‘black-hole’ caused by revenue writedowns. Hockey explained later that the $39 billion increased revenue over and above the 2011-12 number will now be a $27 billion increase – still an increase of 7.6% and well ahead of the average year on year increase in revenues since 1996-97. This leak followed up by an official media address is a deliberate and well-tried strategy to soften the media and electorate. We can expect more of this in the lead up to the budget speech due in a fortnight [14th May]. The tactic is predictable – if its bad news – deliver it in small doses, if its is good news – do it with panache and flash … A full text of Gillards speech today is produced below: [critiqued with Guru comments …]
It was lengthy and I apologise about that – but you had to get the bullshit context in the message and I did not want to allow for ambiguity. If one was to go trough paragraph by paragraph, point by freakin point, lie by lie – we’d be here for a long time as critiqued above. However – Opposition Treasury spokesperson Joe Hockey came out and gave one of his best response comments ever – watch video of his response here … [A full transcript of speech is not yet available.] One cannot count the lies masked throughout Gillard’s lengthy address – the biggest lie was again the reason for the revenue shortfalls. If a Government uses forward estimates based upon unproven new taxes – [i.e. the MRRT and Carbon Tax] – and uses that forecast to spend in the current and next years budget, the Government deserves to be punished for the fallout. More importantly – the people need to know the truth. Gillard has not had reduced budget revenues – she has over the last three years had revenue increases year on year amounting to:
This is against an average of 6.98% growth in revenues year on year since 1996-97. Any attempt to tell it different is criminal in its intent. Company Directors would face court and jail terms if that tried to hoodwink shareholders with a lie and misrepresentations like this. This outrage once again shows how Members of Parliament are at the bottom end of regulatory policing – it shows just how little private sector experience they have and how that inexperience gets the Nation to the position we are now in. Gillard used a illusionary man named ‘John’ to help paint her analogy to explain the Government’s predicament – it was all spin and polish based on a cover-up to blame the economy and GFC for the reduced revenues. Her speech writer is a novice and also does not understand what it is they do not understand. In an exhaustive extraction of RBA Budget data the following Table with Chart provides hard data of revenue and expenditure growth (%), and in $dollar terms since 1996-97. [Click on Image to enlarge in a new window.] In coming days economists will all have their say – and they have their political sway that will dictate what they write – what is published here is done so without such malice but an exposed truth. Gillard is a criminal and that is my gripe – how she became the Prime Minister is what I want someone to explain given her history … Australia needs to know that truth as well … |
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EYE-BALL’s “SNOOP POOP” on – NRL 2013: – NRL 2013: Round 7 – Rabbitohs [20] defeat Manly [12] –
Latest ‘Snoop-Poop’ Posts:
– 8th Mar – NRL 2013: Week 1 – Game 2 – SeaEagles [22] defeat Broncos [14] – – 7th Mar – NRL 2013: Week 1 – Game 1 – Rabbitohs [28] defeat Roosters [10] – 2nd Feb – Women journalist writing about Men’s Sport – they had better be good – – July 5th: – 2012 State of Origin – Game 3 and Series Review – June 25th: – 2012 State of Origin – Game 3 Preview – June 13th: – NSW SOO Coach – A Dirty Stinkin’ RAT … – June 7th: – 2012 State of Origin – Game 2 Preview – May 24th: – 2012 State of Origin – Game 1 Review – May 21st: – 2012 State of Origin Preview – Game 1 To see more EYE-BALL Snoop-Poop posts: |
Title: – NRL 2013: Round 7 – – Rabbitohs [20] defeat Manly [12] – | Author: EYE-BALL’s Snoop-Poop | 26th Apr 2013 | |
This match-up had great expectations and one of the few times where the hype was matched by the performances of both teams.
It was a war of attrition – Manly’s uncompromising in your face defense, the Rabbits held their ground with equally resolute defence, but Manly are experts at the intimidation tactics and it is a detriment to their game. Coach Geoff Toovey has his players of a mould to show no quarter, and this defense intensity lends itself opportunities for teams to find weakness’ in other areas. For mine – it is just up to teams to exploit the compressed defence and take advantage of this singular motive Manly tend to play with – that is to try their best to physically hurt the other players. No doubt – this game was by far the best of the season and the intensity never died. When it seemed all was lost when Manly trailed 20-0 with 15 to go – you just knew South’s were still vulnerable – the crowd stayed and willed the home team for a fight back and it came to make for an exciting finish. The fans watching TV wanted a Souths victory – nobody really likes Manly – even their own fans have a ‘hick’ like love hate relationship with their team – parochial to the end, but equally willing to bag their team when they disappoint. Manly’s ‘Brookvale’ is the new coliseum and this clash of the Titans was fitting for the occasion. Other teams should dread the ‘hurt’ they will feel whenever they visit. Manly are viewed by many as the ‘grubs’ in the competition – nothing they do on the field is done without the intention to try to hurt the opposition player. That is not footy in the true sense. Their intensity in the gang tackle will seriously hurt a player at some point – it is not matched by any other team. Footy is a physical contest – and players do get hurt – but Manly take that probability to another level. There were four (4) incident reports against Manly players coming out of the game. There is another that escaped the referees that will most likely be placed on report as well. Two of the charges belong to Fa’aoso and committed on the same player [Inglis} for the same breach – a spear tackle. Matai’s swinging arm is his trademark and the intent in this tackle may have bene to strike the ball but the player has to be responsible for when aggression goes wrong. He has to get a long stint – that swinging arm could kill someone if he gets it wrong and he has enough form to give him a Les Boyd type suspension. Brett Stewart took a cheap shot as he lifted an elbow on the Rabbits winger and he should also get a week or two. It all just shows a ‘grub’ mentality and the image of Watmough puling out his old fella to have a piss in public when the camera’s were rolling in a premiership after party a few years ago give evidence to the culture within the club. Hope all these reports get the players responsible sent down big time – every one was a cheap shot. The most hated player in the Manly forward pack is Watmough – and again tonight was amongst the chief offenders in the niggle factor with the work he does in the wrestle and on the ball stuff. He can be a gifted player and to see him go that way stains his natural talents. Whenever he plays SOO he has been found wanting at that next level – if he had an attitude like Burgess, Webkie, Petro, or some other player who just worked hard in defence and attack without the niggle – his chances of making a difference at the higher level would be improved. He just gives away cheap penalties and it cost his team. I take nothing away from the intensity of tonight’s game, they are a side that make you earn the win and their intimidation tactics wins them a lot of games. Playing that type of game can have its drawbacks … backing up the following week and the next … and the next … players get injured or begin to carry injuries into games. Manly have a habit of losing to lower ranked teams and to look for a reason you have to consider how they play their football on a physical level. Souths proved they are the real deal this season and the next time these two teams meet – Manly will be out for revenge and Souths will again be out to prove themselves. We’ve been blessed with some stella performances in these first seven rounds. The top-tier of this competition has already established itself – Storm, Rabbits, Manly, and Easts … Before the season started I would have said the Bulldogs would have been in that four … but after six rounds they sit at the bottom of the table. These four teams have set a high bar for all the other teams and I can’t see any other team breaking into a top four spot. EYE-BALL’s Snoop-Poop … |
EYE-BALL Opinion – Prime Minister “Jezebel” – Does she deserve the Respect of the People? –
Latest ‘EYE-BALL Opinion’ Posts: – 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 – – 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools – – 30th – Be careful what you wish for – – 28th Mar – Apathy – Australian’s have it in spades and deservedly so – – 23rd Mar – Legitimacy – – 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 – – 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: |
Title: – Prime Minister “JEZEBEL” – – Does she deserve the Respect of the People? – | Author: EYE-BALL Opinion | 25th Apr 2013 | |
There is a saying, if you don’t respect the person in the office, you should still respect the office they serve.
Until Gillard’s time – the office of the Prime Minister was a station that meant something to all Australians – it put demands on whoever served as the PM to have respect for the traditions, the purpose, and the responsibilities that went with the office. It’s truly a sad day when faced with the reality that Australian’s no longer have respect for their PM, either the person who serves in Gillard, or the way in which she has trashed and diminished the stature of the office. The saddest tale of all is Gillard does not understand what she has done. A fact – all the progress made to mold and meld the Nation in our short history, has been undone in the short three years Gillard has served as PM. Gillard will go down in History as the first Prime Minister who trash a Nation, as someone who diminished and used the PM position to enact her own spiteful agenda, as someone who acted vindictively whenever humility was needed, someone who sought revenge when statesmanship was required, someone driven by her own mental incapacity to process her failed responsibilities in the AWU scandal. Gillard has blamed men all her life – her failings have been because of her failings in her choice of men – you would think she would understand this. Her famous ‘misogynist’ speech was a true reflection of her own misandry and a belief system that to succeed in a man’s world, a woman has to try to be a man – she has no feminine instincts and that is her greatest failing. People were happy to try a woman PM – but then Gillard failed to deliver a woman’s touch and realism to a Nation willing her to succeed. She never gave her sex a chance – Gillard has lived that lie most of her life and for her to have over-reached and achieve the PM role – one can honestly speculate about what she did to get herself to the top. This ‘Jezebel’ has her own sordid history based in corruption, a challenged integrity, and with an overflow of stoic morality that comes from gutter-trash symbolism … Gillard is poison to this Nation and set us back generations with the legacies she will leave behind. Whatever follows in her remaining term will foster and escalate the mistrust of a Nation, her record in office can only allow for the conclusion that all Politician’s in power are not up to the standards we expect our Leaders to have. No matter who served in the office before Gillard – it was possible to have respect for the office even if not respecting the person serving in that position. Former PM’s in Rudd, Howard, Keating, Hawke, Fraser, and before – each had respect for the office and did their best to serve all Australians whilst making the best choices they could and earned the respect for the Office – Gillard fails on this score because as a woman, she feels the need to compete and prove herself because she is a woman. This drives her more than the responsibility of the Office. There has never been a good Gillard choice, whether it be based on:
The debt legacy Gillard will leave behind is a summation of all the failed policies this Government has enacted. Collectively they bragg about the 500 pieces of Legislation passed – we all see the carnage created and still to impact as a result. Gillard’s agenda was cast from the outset – her deal with the Green’s to first wrest the PM position was a signal of what she would do to pursue her own misguided sense of destiny. She has made light of every promise she has made – as a crowning exit gift – she is intent to plunge all Australian’s into further budget deficits for the next 5 odd years. This ‘Jezebel’ deserves her place in history as one of Australia’s greatest mistakes. There are traditions and values attached to the PM Office – i.e respect for the institutions of marriage, religion, family, and an integrity that honours all the values Australian’s respect. Gillard has no respect for any of these qualities – she is a confirmed atheist, someone who deploys marriage and calls married women whores, someone who lies and has a criminal past to which she has escape punishment, and to this day continues to avoid accountability for those actions. She thinks nothing of telling Australian’s – ‘I did nothing wrong’ – over and over again – when all Australian’s know she has done plenty wrong. Her sexual relationships with a number of her Cabinet places her as compromised, her preferences in a partner leans towards married men, she is reported to have had an abortion when in a relationship with Bruce Wilson, a then married man with his own children – how can any of this life history be regarded as credentials to serve as a Prime Minister? I do not accept her as my Leader – I do not respect her values, and as an Australian I have the right to express these opinions in any way I see fit – please … this is no small thing but if you agree, then the time is right for all to voice their opinions … dump this Jezebel …
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The EYE-BALL Opinion … |
EYE-BALL Opinion – The Australian’s Hedley Thomas & Friends – Still hunting down Gillard over the AWU Scandal –
Latest ‘EYE-BALL Opinion’ Posts: – 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 – – 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools – – 30th – Be careful what you wish for – – 28th Mar – Apathy – Australian’s have it in spades and deservedly so – – 23rd Mar – Legitimacy – – 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 – – 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 – – 4th Mar – Gillard and her ‘Rent a Crowd’ – It’s all about – Me…Me…Me… & I…I…I… – – 4th Mar – Abbott still in chase mode – Will he ever choose to be a Leader – – 3rd Mar – Government – The Best PONZI Scheme ever – – 28th Feb – Media Ownership Agenda – The Gillard Asylum trying to shoot the messenger – – To see more EYE-BALL ‘Opinion’ posts: |
Title: – The Australian’s Hedley Thomas & Friends – – Still hunting down Gillard over the AWU Scandal – | Author: EYE-BALL Opinion | 24th Apr 2013 | |
The Australian’s Hedley Thomas continues his hunt for Gillard and her involvement in the AWU scandal. The lull for the last 6 weeks or so has been because Police investigators have requested the promoters of the story to back off …
Click on image at right to enlarge in a new window … Bloggers Larry Pickering and Mike Smith, and Radio presenter Ben Fordham have all made comment about the Police having requested a ‘back-off’ on Gillard’s involvement in the AWU scandal to allow the investigation to proceed without the rampant media speculation. Hedley Thomas’s latest article is reproduced below:
To hear the original Ben Fordham interview with Gillard – … and the corrective comment Ben Fordham made yesterday … Gillard is under investigation and she wants that information to be suppressed … the precedence of a sitting Prime Minister being investigated for a criminal fraud puts this matter on the highest footing – Gillard has never answered the most relevent of questions despite her protests that she – ‘has answered all questions on the public record’ – she has consistently obfuscated her responses so as to avoid direct answers in all of her public performances, her ‘on the record’ statements, and her press Q&A’s sessions. Whenever she has been asked a question on the ‘Stat Dec’ issue – her responses have never responded directly to the Ralph Blewitt statement that Gillard was not in the room when he signed the document. Ben Fordham’s pursuit of this matter in his interview above has exposed Gillard and is the reason why the Police have requested he make a statement. There is only a single inference that can be seen here – Gillard is in trouble. Be it whether the police will wait until the outcome of the Sept election to charge her, or whether the Constitutional Lawyers have and are searching for a protocol to charge a sitting PM, or whether the investigation is still to produce enough evidence to charge Gillard, the history of this scandal is still to be determined. It is not a case of whether Gillard is innocent – all Australia knows she was involved with something – it is whether the AWU did a thorough enough job in cleansing their files to protect Gillard. This would have all be done years ago so as to allow Gillard to become the PM – her vetting by internal ALP sources would have uncovered potential damaging stuff and to protect the ALP and Gillard – the evidence to prove her guilt would have been trashed. Given her protestations over Craig Thompson and his involvement in similar allegations of fraud and misuse of Union funds, Gillard is neck-deep in the cover-up and her integrity and morality are already impeached.
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The EYE-BALL Opinion … |
EYE-BALL Opinion – Our Higher Education System – Universities fudging research for Higher Funding –
Latest ‘EYE-BALL Opinion’ Posts: – 20th Apr – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education – – 3rd Apr – Gillard v Nth Korea – – 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools – – 30th – Be careful what you wish for – – 28th Mar – Apathy – Australian’s have it in spades and deservedly so – – 23rd Mar – Legitimacy – – 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 – – 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 – – 4th Mar – Gillard and her ‘Rent a Crowd’ – It’s all about – Me…Me…Me… & I…I…I… – – 4th Mar – Abbott still in chase mode – Will he ever choose to be a Leader – – 3rd Mar – Government – The Best PONZI Scheme ever – – 28th Feb – Media Ownership Agenda – The Gillard Asylum trying to shoot the messenger – – To see more EYE-BALL ‘Opinion’ posts: |
Title: – Our Higher Education System – -Universities fudging research for Higher Funding- | Author: EYE-BALL Opinion | 24th Apr 2013 | |
Allegations have been made concerning University Heads reallocating accreditation for research material for the purpose of colluding to enhance funding opportunities.
These allegations and at a time when the Gillard Government is threatening a $2.5 billion funding strip from Universities, pose serious integrity questions in how the higher education funding triggers work. The allegations were made in a story published in ‘The Australian’ today and is reproduced below:
Some immediate question come to mind as a result of these obscure allegations, particularly in relation to the academic research into the ‘Climate Change’ debate, and how this Government and the research results are now being peeled back revealing flaws in the research arguments. On a global scale, many alarmist’s are now turning sceptical with the most recent data showing the last decade was much cooler then the previous decade. There has always been a ‘vested interest’ cloud hanging over academia land and how they procure research funding. They are all mostly reliant on Federal and State Government funding, and the debate that ensures is whether it was the funding that produced research results favourable to prolonged funding programs, or was it the research outcomes that produced the continued funding. In recent times, anyone seeking funding for a research program to prove ‘climate change’ arguments were top priority – grants to disprove the ‘climate change’ argument were low priority. If the allegations in the above story prove to be factual … so many questions will be answered. Gillard and her Ministers claim as do the Opposition that Education is the silver bullet – the statement has been around forever. But to me the question is that with knowledge comes enlightenment, but the wisdom of life is not learnt in books or by attaining higher education. Emphasis on one to the detriment of the other creates an imature and uncomplete rounding of life and humanity. If our educators are in fact cheating the system for greed and prestigue, then the wisdom of life within the mindset of these Institutions is a sad failure. If you can’t trust the educators on integrity and morality, what will the next generation of students give us when it becomes their turn to lead and take their place?
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The EYE-BALL Opinion … |
EYE-BALL’s Guru on – Wayne Swan’s “Investment pipeline” – disappearing before his eyes – where does he go for his next ‘bunny excuse’ –
Latest GURU Posts:
– 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 – – 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 – “Investment pipeline” – – disappearing before his eyes – – where does he go for his next ‘bunny excuse’ – | Author: EYE-BALL Guru | 23rd Apr 2013 | |
Afallback policy defense for Wayne Swan has been his rhetorical ‘Investment Pipeline’ argument – telling all and sundry who want to tear his house down that the rest of the world wants to invest in Australia.
Swan continually mentions a figure of $500 billion over the last 2-3 years as the value of the ‘pipeline investment’ lined up to get their hands on a piece of Australia. Those who understand true economics have doubted Swan’s prophecy based on escalating labour costs bought on by the continued high A$ value. Many have told Mr Swan that to rely on this so-called ‘pipeline Investment’ is to play casino with Australia’s financial future. Being the idiot he did and does not understand what it is he does not understand … Swan’s excuses for his budget failings continued ad nauseum relying on the ‘Treasurer of the Year’ gong to convince people and his own party he knew what he was doing. Swan’s legacy as th e ‘worst Treasurer ever’ will ensure Australians will forever think of Swan as the idiot who allowed the rest of the world to hook up their backdoor syphon hoses and rip honest wealth from all Australians – Swan and his RBA clowns have stood by and clapped them as they did so – and all to a need for him to remain internationally popular and have someone to talk to at G-20 conferences. Idiot’s like Swan rarely get to serve in such a high station – and Australia will regret it for a hundred years. Reported today is another $2 billion mining project that has been mothballed – read the story here – A list of mining projects that have been scrapped in recent months – (as reported in story above) – include:
Then we have the oil refinery closure/sales:
What about the Auto Industry and Government funding received to keep it afloat –
Then there is the Manufacturing, Tourism, Agriculture, and Retail industries where job losses in recent years are in the 10,000’s … perhaps even higher … these job losses throw plenty of scepticism at the un-employment numbers and how the Government is hiding the ongoing job losses. Estimates have Australia’s true unemployment rate in the high teen’s. Previous posts on the unemployment, part-time verses full-time job creations, and the monthly reduction in hours worked – linked here – prove that there is a slow decline in full-time work availability, and an increasing workforce participation where employees are working more than a single job to try and make ends meet. See EYE-BALL Guru story here – Table of Employment growth reproduced below:
When are Treasurer Swan and the rest of the Government Caucus going to wake up and realise Gillard’s socialist agenda is doing untold harm to Australia’s future prosperity, and condemning future generations to a poverty driven lifestyle. Quality of life is already in decline with workplace health related issues, like stress, overworked, relationship breakdowns, and the like all on the rise. Employers expect more for less and the demands being placed on the workforce to prop up the Government spending programs has a doomsday scenario. Swan’s ‘JOBS-JOBS-JOBS’ mantra has come with a Federal Government debt explosion growth of some $300 billion, and the idiots in charge believes it is all OK … Swan wants a blow job from every Australian as thanks for what the ‘Treasurer of the Year’ has achieved. Swan sees no wrong here … he trusts his advisors, the Treasury and RBA bureaucrats who tell him what a good job he has done – and RBA Governor Glen Stevens has just been rewarded with another three-year appointment for the blow Job he gives Swan every other week. The dyke is leaking and Swan’s attempts to stop the carnage will fall to the next guy. Swan will ride off into the sunset with Gillard and her ‘handbag’ brigade all drinking pina colada’s, hugging and rejoicing with one another because they get to walk away from the mess left behind. Anybody who does not understand the criminal intent here is equally complicit – ALP supporters who do not want to open their eyes is equally responsible. The Independents Oakeshott, Windsor, Wilkie, and now Slipper and Thompson who sit amidst their numbers are the most serious of offenders … they could have called an end to this carnage at any time but have elected to keep Gillard in power. From Windsor’s position, he is the most guilty of personal vengeance and selfish perspectives – he has never forgiven the Nationals for what they did to him and that grudge has ruled his heart during a time when he helped hold the ‘balance of power’. Windsor does not deserve to be treated well by history, but equally to blam for allowing the mess Gillard has created. Oakeshott is similarly afflicted – he and Windsor often speak about the magnitude of legislation passed during this parliamentary term – the issue should be about the quality of the legislation, not the quantity – and this Government has failed miserably on all its major policy initatives like:
Every one of these policies hs not been funded or had the revenues in place before they were legislated … If our elected Leaders understood the collective pressures these policies would place on the budget, as opposed to accepting Swan’s assurances of the funding in place, they would perhaps of asked more questions. There is a lesson here to be learnt by everybody – minority Governments never work – the trade off’s in obtaining the votes is dangerous and always open for abuse … if one was to truly count the spending in the Independent electorates over the course of the Gillard Government – how would that spending stack up against other Coalition electorates? Last night it was reported that Gillard, Swan and Wong are now advocating a view that – ‘now is not the time to cut spending, but a time to match new funding with savings’ … see David Uren story here – Unbelievable … this new austerity concerns is as false as Gillards morality and all a part of a new McTurd [McTernern] election stunt … |
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EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 36 – Minister Jenny Macklin – Delusional and in Complete Denial –
Latest ‘Harry’s Growl’ Posts:
Larry Pickering Cartoons – Added 19th Apr 2013 – click to view in a new window: To see more of Pickering’s Political cartoons – use this link … – 19th Apr – Election 2013 – Growl No: 35 – – 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: 36 – – Minister Jenny Macklin – – Delusional and in Complete Denial – | Author: EYE-BALL’s Harry’s Growl | 22nd Apr 2013| |
Latest Pickering images – 3 New Cartoons added 19th Apr 2013 – see image links to the left.
The Gillard Front Bench are in denial … their obsession with Gillard and her continued frail leadership defies all logical argument. The caucus must know there is only the thin wedge between absolute annihilation at the next election and/or the complete demise of the Australian Labor Party. One would think that all ALP MP’s would be doing their own soul searching and establishing their reasons to jump ship and fight for their own survival at the next election. The blind support these so-called ALP MP’s only damages the images all politicians have with the electorate. How can these ALP ‘twats’ – and I mean ‘twat’ in the dictionary context i.e. ‘foolish or despicable person(s)’ … continue to support their Leader when the ALP is falling apart all around them. The internal destruction has already happened – it now just needs a ‘gust of truth’ to finish the job. The current Minister for Families, Community Services, Indigenous Affairs, and Disability reform – Jenny Macklin has been in politics since 1996 – her background is in research and health – see link here. Where Macklin fails in her Ministerial responsibilities and her duty of care is that she lies to the Australian people and is happy to do so. Macklin is fully aware of her lying when she promises a better funding program for indigenous policies. Given the enormous ‘black holes’ that keep opening up anew in Treasurer Swan’s budget and forward estimates, how can Macklin in all honesty claim that her policies will be funded to the degree she has promised. The immediate confusion is whether Treasurer Swan’s claim over the weekend that it was the ‘High A$’ that caused te $7.7 billion black-hole since last October. Yet it was at the same time that Swan gave an upgraded budget estimate revision from a $1.5 billion surplus to a $0.5 billion surplus in the mid year review. Swans reasons given then and ever since the Dec ’12 surplus backflip has been ‘revenue writedowns’ … the high A$ excuse was never mentioned at the time. As a Senior Minister Macklin knows she is misleading the public over the funding promises and the poor record of this Government in keeping its promises. Her hubris and contempt for the Australian public is almost criminal in its intent. Whether Macklin is a slumgullion served up as a-la- cart, or just a shag dancer used by all and sundry, she is obviously just someone who is happy to serve on the Gillard feminista team. Read what she is expected to say at an address to be given to the ‘Committee for Economic Development of Australia conference’ …
How can Macklin keep a straight face on her funding pledge … how can she deliver a speech claiming the high moral ground on funding and committment to indigenous policies when nothing this Government has said or done on its budget forecasts has any truth to it? Macklin performs like a foot soldier armed with the latest wedge of ALP propaganda and all designed to create an illusionary perception – the truth is that this Government is toxic to the core and so desperate to paint the other side as the reason for their own demise … It is so pathetic to watch this crippled Government go through the motions … the Opposition pledge to bring on a May ‘no-confidence’ motion will hopefully end it all and save Swan the humiliation of his Budget Speech … Politics is a bore at the moment .. same old same oh … the media are not even talking about the no-confidence motion … they are not questioning what Thompson and Slipper will do when they face court in May … the AWU scandal investigation seems at a standstill … and all Gillard can do is make more empty promises. Who will listen to Macklin deliver her speech … more importantly who will take any notice … |
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EYE-BALL Opinion – Gillard’s Hubris – YUCK – has nothing but contempt for the Disabled and Education –
Latest ‘EYE-BALL Opinion’ Posts: – 3rd Apr – Gillard v Nth Korea – – 2nd Apr – Gillard – twisting and turning on the spit – there are no fools like old fools – – 30th – Be careful what you wish for – – 28th Mar – Apathy – Australian’s have it in spades and deservedly so – – 23rd Mar – Legitimacy – – 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 – – 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 – – 4th Mar – Gillard and her ‘Rent a Crowd’ – It’s all about – Me…Me…Me… & I…I…I… – – 4th Mar – Abbott still in chase mode – Will he ever choose to be a Leader – – 3rd Mar – Government – The Best PONZI Scheme ever – – 28th Feb – Media Ownership Agenda – The Gillard Asylum trying to shoot the messenger – – To see more EYE-BALL ‘Opinion’ posts: |
Title: – Gillard’s Hubris – YUCK – – has nothing but contempt for the Disabled and Education – | Author: EYE-BALL Opinion | 21st Apr 2013 | |
The countdown to the next election has 114 days to go, only 27 sitting days for the House of Representatives – and Gillard wants to push through Legislation for the Gonski education reforms, and the NIDS.
It is pure hubris contempt on Gillard’s part to think that rushing these important Legislative Bills should have a time stamp attached. There are three issues in Western politics that motivate electoral activity, Welfare, Education, and Health. Gillard’s socialist agenda has already had a crack at Health and has the States off-side. The Education strike is on the agenda with the States at the moment, and more will be known next week in how the States have responded. As for Welfare – the aged have fared quite well under Gillard, the un-employed have not, and now it is the turn for the disabled. Gillard has an overflowing fault – debt created to fund her socialist agenda thus far has not been funded by the two new big taxes she introduced – i.e. the Carbon Tax and the MRRT. She has erred badly in balancing the spend and now with the European Carbon Price collapsing – another $10 billion hole just hit the budget forward estimates. Last Thursday Gillard fronted the ABC’s ‘7:30 Report’ and was given the ABC’s ‘friends of Labour’ treatment. The normally feisty Leigh Sales held her cue and allowed Gillard to spruik her garbage about ‘funded savings’, and other dipstick logic to try and explain how the Gonski reforms are funded. Have a listen using the link here – or read the text of the interview pasted below:
I know – you had trouble believing and staying with the commentary – I put the YouTube clips in to give some reality to her responses re budget savings … who can believe anything she has to say … Gillard has lost the plot and lost the ability to speak in anyway where people want to listen to what she has to say. The Nation has just turned her off … and she refuses to accept all the advice telling her she no longer has the connect she thinks she has. As if her trip to ‘Rooty Hill’ a month or so ago didn’t let her know how the people feel – she believes her Education and Disability Legislation will somehow win over a disengaged electorate – how big can a bloody fruitloop be … The Gonski Report:
The broad strokes in these key recommendations are as obvious as a ‘Pro Hart’ landscape. This paid for report hardly covers any of the important issues attached to the Education debate. For example …
Students who put in the effort should be rewarded … better students get better amenities … This is the one thing that has worked for humanity over the centuries – it is incentive based advancement. The Western World is so preoccupied with equality based opportunities it has weakened the whole education system … Where is the Gonski recommendations to address unruly classrooms, the abuse Teachers are subjected to, the lack of parenting responsibility for truancy and poorly behaved kids, these are all important issues Gonski does not even go near in his recommendations – why is more money always seen to be the answer – sometimes being forced to accept responsibility for poor parenting and poor behaviour is all it takes. Technology is changing at such a pace, that a University graduate is outdated within two odd years unless they are employed in the field and upgrade their knowledge base. Nothing competes in the workplace against experience … a 25 yo who has never worked a day in their life stacked up against someone who has 5 plus years of work experience is a no brainer. It’s a bit different for some Professional trades, but then they all have to learn on the job as well … I’ve attended some of these courses, I ‘ve even lectured at some … the point is that many who take the course will never what they have learnt ever again … it’s a time filler, a funded education plan that gives the student or unemployed some hope that they might still be able to find a career … it’s all bullshit – if you want it you’ll find a way to get it done … the handout has never worked … and I don’t think it ever will … The National Disability Scheme [NDIS]: How dare this cow use the paid for report to suit her socialist agenda … use the disabled to try to save her political career … The Disabled are in need, their carers in more need, and the facilities they require are not what they should be … but Gillard’s plan is not about addressing the needs of the Disabled, but consumed by the illusion that the NDIS will win her votes at the next election. This is who Gillard is … her pious tone when she turns on the charm to sell her message is nothing but a bitch in heat turned and presented ready for a mongrel service. Gillard has no interest in the Nations interest – her interest is in her own interests. For someone to have got the budget forecasts so wrong – and serious politician would not be shoving another $20 billion of unfunded policies at an electorate trying its best to tell to fu_k off. Even the abattoir would reject the Gillard carcass … cows like her need to be burned and then buried deep … a complete waste of human interest and the media should do a number on her – just don’t mention her in dispatches, don’t cover her Press conferences … black list the bitch until she gets the message … I’m not sorry for the vitriol … Gillard and her cast of Pied Piper Monkeys are just that bad … and does the monkey’s a dis-service …
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The EYE-BALL Opinion … |
EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 35 – Deputy Treasurer David Bradbury – ‘All In’ with no ‘Hand’ toplay –
Latest ‘Harry’s Growl’ Posts:
Larry Pickering Cartoons – Added 19th Apr 2013 – click to view in a new window: To see more of Pickering’s Political cartoons – use this link … – 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: 35 – – Deputy Treasurer David Bradbury – – ‘All In’ with no ‘Hand’ to play – | Author: EYE-BALL’s Harry’s Growl | 19th Apr 2013| |
Latest Pickering images – 3 New Cartoons added 19th Apr 2013 – see image links to the left.
The Deputy Treasurer David Bradbury holds a ‘high risk’ Western Sydney electorate and knows his tenure is about to be over. The reflective desperation in his media releases have that tinge of ‘green’ and he is prepared to make a fool of himself to survive. He is a ‘small’ man by any measure and after following his media releases for some time I just could not resist from exposing his hypocritical stupidity. His latest media release was about a Geelong Forum where Tony Abbott spoke. The Bradbury response is posted below:
This is Bradbury trying to avoid his own party’s shortcomings … you would think he would fix his own house before he told others how to campaign with a positive outlook … of course it would help if you had a past policy that worked or came in on budget. In a few weeks the 2013-14 Federal Budget will be released and it will be another ‘Houdini Mirrors’ presentation. Remember the last one – a budget surplus of $1.5 billion … now to be more likely a $25 billion deficit … This idiot does not deserve to be serving as a Federal Member … his qualifications and background include:
… hardly inspiring to be serving as a Deputy Treasurer … where is his financal petigree … what does he know about financial markets … he is just one of the many idiots in charge … |
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EYE-BALL’s Guru on – The Debt Clock ticks … Tic Toc – Gillard just spent another $3,000 – counting the real cost of this ALP Disaster –
Latest GURU Posts:
– 5th Apr – Superannuation 2013-14 – the Government’s new Slush Fund – Proposed Changes show SWAN and SHORTEN’s stupidity – – 4th Apr – Australia’s Parliamentary Remunerations – – 3rd Apr – Government not happy about its tax collect – Claims Tax Minimisation deserves ‘Naming and Shaming’ – – 31st Mar – The Cyprus Bail-out – – 31st Mar – Australia’s Debt – and the idiots Managing the Treasury – – 20th Feb – Australia’s Parliamentary Remunerations – Part II – Entitlements and Allowances – – 13th Feb – Australia’s Public Sector Remunerations Part I – Parliamentarians “Base-Salary” and “Additional” entitlements – – 31st Jan – The Devil is in the Detail, there is none – Gillard chooses shock, awe & Spin over Policy – – 23rd Jan – The Turmoil is Already here – We just have to accept what is coming – – 22nd Jan – The Turmoil is beginning – Japan’s Economic Stimulus to tip the scales – – 20th Jan – Wayne Swan Tips his hat at New Yorker’s – – 10th Jan – The ANZ Whitehaven Hoax – – 5th Jan 2013 – Financial ‘Ghosts’ from the Past – Hawke and Keating v Gillard and Swan – – 29th Dec – The Great Big Financial Swindle – Part II – The ‘Budget Surplus’ Backflip – Swan tells his own Porkies … – 22nd Dec – The Great Big Financial Swindle – Part 1 – The ‘Budget Surplus’ Backflip – Swan serves up Senator Wong – 14th Dec – The Walls are crumbling – Government admits High A$ policy is hurting – – 4th Dec – Retailers and bureaucrats don’t understand – high A$ value responsible for off-shore purchases – – 19th Nov – Government Expenditures Part I – Department of Prime Minister and Cabinet – DPMC – STAFFING – – 3rd Nov – Shareholders – Holding back the world – scared money – scared boss’s – To see more GURU posts: – click here … |
Title: – The Debt Clock ticks … Tic Toc … – Gillard just spent another $3,000 – – counting the real cost of this ALP Disaster – | Author: EYE-BALL Guru | 14th Apr 2013 | |
Agood measure for any Government, past or presence, can be assessed by the impact their policies have on an electorate, and imposed on any new incoming Government.
This Gillard led Government has debt as its legacy, and a hatful of policies that have not worked. To help with the measure the Australian Debt Clock – linked here – is a must see presentation of ann Australian debt, both public and private. The Global Debt Clock is also interesting – linked here … some $50.5 trillion is owed around the world – with a global population of 7.1 billion – source linked here – that means we each owe about $7,000. Australia’s Public debt totals $466 billion – made up of $272 billion [Federal] and $194 [States], against a total public and private sector debt of $4.5 trillion. That means every Australian owes $205,000, some 30 times the global average. Debt is responsible for all the globes current economic problems. A bit like saying religion is responsible for all wars. Remember – ‘Greed is Good‘, out of the 1987 Oliver Stone produced ‘Wall Street’ – it was Gordon Gecko’s famous catchcry and definitely representative of the times … in fact it never went away despite the ’87 crash and beyond. As the Corporate world became more prudential post ’87, Western Governments stepped up and filled the void of debt issuer’s and it continues today. When Governments owe so much, and the interest cost on the debt owed has the capacity to break a Nation, i.e. the EuroZone P.I.G.S. and more to come, what vested interests ar at play to keep interest low to protect budgets. A 1-2% rise in interest rates around the globe and almost all the Eurozone goes to the wall – America goes over the cliff much sooner then its current timing has forecast, and Swan and Gillard ride off into the sunset cheering along with their Union mates saying – ‘it’s not our problem now!’ When you put nutters in charge of the finances what else can you expect? We the voters are to blame … we are so easily duped … this ‘red’ or ‘blue’ personality disorder in the way we think about electing our Leaders is so unrepresentative of an educated population … why can’t people seek out the truth rather than rely of others to tell it to them. Idiot Swan posted this on his Facebook page yesterday – linked here …
Guru posted the following response …
What a waste of energy reading the conversation thread that preceded the comment … how is Swan allowed to lie so openly … and why are people so gullible so as to defend Swan when they have no idea whether what he said is a falsehood or a misrepresentation … we truly are a numbed Nation and deserve everything we are served up with … Liken it to a trip to the zoo – yea that’s right … we are the animals and it is the Politicians walking around throwing us a few peanuts, pointing, laughing, and saying how dumb are these animals to take the crap we feed them. … Read on … you might just be convinced that there is a problem … Gillards Spendathon: This Gillard/Swan Government have spent some $3,000 a second, some $190k a minute, $11 million an hour, and some $275 million a day every day for the last three years – i.e. {$300,000,000,000/3/365/24/60/60} = $3,171… – it’s been a spendathon without peer in this Nation. Where is the visible value in a $300 billion spend – where are the policy achievements, what do we have as a by-product value from this new debt creation – can anyone see any real tangible benefit? Swan has been the facilitator and Gillard the deliverer of ill-conceived policy that has no accountability. Together they make Bernie Madoff look positively tame. This ‘PONZI’ spending Government has no idea where they will get the funds to pay back what they have wasted. It will fall to future generations to pick up the pieces and that is a legacy no one can be allowed to forget. The legacies of good Government are long remembered by historians, whereas the memories of bad Government are most reviled and forgotten in the short-term. Ridding ourselves of bad Government is an election privilege and ridding ourselves of this horrendous minority Government experiment is something we are all gasping for – the sooner the better. Always – a bad Government leaves behind a string of expensive and unworkable policies that have to be fixed, un-legislated, or rewritten. And then there is the debt overload bearing down on all of us. Gillard – someone who openly admits she struggles with finances not remembering who deposited $5,000 to her account whilst she worked as a lawyer at Slater and Gordon … Gillard is responsible for the greatest fraud ever committed on Australian’s in our history. When the performance of the Rudd and Gillard Governments are put into any true perspective, the most mitigating reasoning will surround the GFC and the management of the economy in and during the crisis. Rudd had cause to be concerned about preventing en economic crisis – yet in 2010 when Australia’s performance beat all the forecast doomsayers – Gillard unseated Rudd and implemented her own socialist agenda spending programs using the GFC as a reason to continue pumping the printing of money. The EuroZone crisis was upon us all and given what was happening to Greece and the other P.I.G.S. Nations, Australia was always insulated because China kept our mining and resource boom alive – why was there need to continue the spendathon after we escaped the worst of the GFC? Assessment: – An abysmal failure … The MRRT: As Gillard realised she needed funding to pay for her spending agenda, new taxes – i.e. the Carbon Tax, and the revised MRRT – were introduced. The original draft of the MRRT being unpopular with the Mining industry, provided the catalyst for Gillard to move on Rudd as PM – she wanted his job. To appease the miners and resolve the dispute over the original MRRT that made Rudd unpopular, Gillard went looking for ways to appease the miners and caved into their demands to lessen the impact of the MRRT, giving her a shot at winning the impending 2010 election. This Gillard/Swan school of economics and responsible financial management has proven to be an unmitigated disaster. They could not balance a balloon flight – misjudging weigh ratio with air temperature In the three years since 2010 where they guaranteed a budget surplus in 2012-13, they have proved they have no understanding on how our economy works. The original MRRT forecast was $5 billion, revised to $2 billion, and the reality is a poultry $130 million collected in the first 8 months. Whoever the bureaucrats were who produced the forward estimates – unless they can claim they were acting under instruction from a Swan directive to fudge the numbers, they should be sacked for gross incompetence. In fact – the reality has been that the ‘mining boom’ in A$ terms has been over for a number of years – the returns for our resources have diminished some 30-40% yet the volumes shipped are ever-increasing. This is not good for Australian’s or for the future. Prudent business’s often hold back selling their produce when the returns offered diminish. Some of these miners are dependent on off-shore funding i.e. FMG [Twiggy], Clive Palmer, and the like and are locked in on delivery contracts that impact if not met. Yet who owns the resources? The miners only hold leases to mine the resources and pay a royalty to do so. The people of Australia own these resources and the Government [State] hold them in trust on behalf of the people. The Feds want in on the so-called ‘boom’ times, but it is just an easy cash grab with no real thought to prudent business practices. If the returns on our resources are not at a premium, why does the State Government not raise royalties to discourage their sale? Easy answer – the State Government’s can’t do without the revenue. How fu_ked is that – Government’s are so desperate and dependent for any revenue source. The Federal Government’s MRRT is such a pox tax – if the intent was to offset the high A$ value and its impact on A$ revenues – one could see merit, but it was not. It was a tax grab in direct competition with the States and signaled an intention to mess with State Government revenues on a larger scale. All that was promised with the revenues the MRRT would raise is now in the toilet – reduce Company tax, superannuation to 12% … etc … Gillard and Swan stand before you with egg all over their faces and yet they still claim creditability in how they have managed the economy. In fact, Federal and State Governments are heading for a show down over revenues. They are all in the markets competing for and pressuring corporate borrowing costs to fund ongoing and new debt. They don’t realise it but they are killing the mining industry to the exclusion of all the other industries compounding under the impact of the high A$ value. If the Federal and State Government’s had any concerns over the reduced returns these natural resources are yielding – they would impose additional royalty tariffs to offset the currency impact and try to protect these resources and save them for future generations. But when RBA’s advice is that they don’t see the A$ as overvalued – what can be done. As reported countless times over the last three odd years – the high value A$ has cost miners, farmers, tourism, manufacturing, employment, education, somewhere between A$1 and A$2 trillion in lost revenues since the early 2000’s when the rest of the world began to invest in the ‘cash and carry resource trade’. Swan, Bradbury, Stevens, Lowe and the like know this and rather then act to correct the continued wealth transference off-shore, they all lie to protect themselves and their incompetence in managing a global assault on the Australian economy. We are losing the global economic WAR and the resources being pumped and stripped to far off lands only to have the value added product imported back to Australia at a huge premium. Assessment: – An abysmal failure … Treasurer Swan and RBA’s Stevens at odds: In recent days RBA Governor Glen Stevens has gone public over Treasurer Swan’s renege on a promise to leave RBA profits alone to shore up capital reserves – see story below:
This Steven’s ‘pissed-off’ story has been about for several months and continues to gain traction on the back of Swan’s desperate needs for budget savings. This is a serious issue – the $2.4 billion RBA reserves, down from $6.9 billion in 2009 is hardly a solid stake to play the global currency game. To expect the RBA to manage the global risk exposures on a $80 billion book of assets with a $2.4 billion capital base makes a complete mockery of prudential risks. The gearing ratios involved here go far beyond those considered acceptable for Commercial Banks and the like. There is no wonder the RBA does not intervene in currency markets to stem the high value of the A$. The RBA is broke people, and the Government does not understand what it does not understand in what the true nature of the RBA’s position represents. Having lost $4.9 billion in the 2011-12 year should signal to the Government the risks involved – with a poultry $2.4 billion left – the $500 million Swan wants to take shows how desperate he is, and more importantly how little he understands financial management. That $500 million is a days revaluation, for a Central Bank to be operating with so little capital reserves already puts us in the ‘third-world’ category. An IMF policy paper published Feb 2011 on Central Bank Balances and Reserve Requirements – linked here – gives reasoning and effects on managing and mis-managing Central Bank reserves. Swan should be shoring up Central Bank reserves rather than looking for ways to strip funds to balance his budget – is ‘dunce’ too strong a word? Assessment: – An abysmal failure … Financial Management – Budget Control: The size of the budget forecast for 2013-14 being put together now is already being mooted to be another large deficit, as will the next four (4) years of budget forecasts. Given the creditability swan dive this Government suffered over its 2010 guarantee of a ‘surplus’ for 2012-13, and now looking to be close to a $25 billion deficit, Treasurer Swan’s personal creditability with remaining Caucus members hangs by a toenail. The poll indicators show he is on track to lose his own seat of ‘Lilly’ in metropolitan Brisbane at the upcoming election. Will that really be enough to reflect Swan’s true incompetence and the ‘debt’ legacy he will leave for the next Government to try and fix? Swan will live the rest of his life with a guaranteed pension around $175k per year with additional parliamentary perks to top it up. Swan will be allowed to walk away and pay no dues for the legacy he will leave behind. Assessment: – An abysmal failure … Labour Force Costs and the Global Economic War: There is a global ‘WAR’ now being waged – now a military war as most of us understand – but a ‘financial and economic war’ that plays itself out on the global markets. This market place trades in labour costs, returns on investment, political stability, economic management, and currency value, all contributing and impacting on the global investment community and the choices they make. Australia’s domestic employment as seen from within seems normal – yet from an overseas investment perspective it is high risk. Australia have priced itself out of the global labour market and that means 100k’s of job losses in coming years. Gillard and Swan keep talking about ‘jobs, jobs, jobs,’ and they have backed it up with a spending program that in effect subsidised wage costs. Even this has not stemmed the flow of corporations now relocating workforces off-shore because of the cheaper labour costs in doing so. Australia is at the top of the ‘labour cost’ market. Australia has become the most uncompetitive place for investment – a historical high currency, an unstable Government, an escalating Debt/GDP forecast, an absence of restructuring programs, and a labour force unionised under a Gillard led Socialist Government intent on a blinkered protectionist policy’s. Treasurer Swan carries in his back pocket a list of ‘investment pipeline’ projections that he keeps telling us is some $500 billion. He pulls this rabbit every time he is cornered over his broken promises. He trumpets this ‘investment pipeline’ rubbish trying to convince us we are the envy of the world. They envy our climate most of all you dumb fu_k. Assessment: – An abysmal failure … Currency Wars: The shock awaiting us all in coming months will be a ‘flight of funds’ as the rest of the world realises the party they have been celebrating on Australia’s dime has run its course. This flight will hopefully correct the A$ and take the pressures off our labour force costs. It is something we should all wish for … Woodside announced through the week the cancellation of their $45 billion Gas project that was on Swan’s list. Shell announced the closure a an oil refinery mid-week. Ford and GMH have put the Government on notice they need more subsidies to keep the auto industry producing cars in this Nation. Tourism operators and staff are deserting the industry, housing has flatlined, manufacturing is moving off-shore, Telstra and several other customer service help lines have already moved off-shore – and as quoted above by Glen Stevens in an address he gave in Jun 2012 to the Prime Minister’s Economic Forum – see below for extract:
The timeframe span will take some 20-30 years before any assessment of performance will be truly judged. For those of us who know better – subjective judgement can and will be delivered as reflected in the September 2013 election, or not sooner. Assessment: – An abysmal failure … Forward Estimates: One thing can be said of the John Howard and Peter Costello 11 years of Government, they left Australia in financially better shape than at any other time in political history. Since – and under successive ALP Government’s for the last six years, Prime Minister’s Rudd and Gillard have created destruction across all the forward budgetary estimates. They claim it is because of revenue shortfalls. Yet the spending programs have accelerated at blinding speed based on new taxes introduced that have failed to produce revenue estimates. You measure any financial situation, if you were to spend the projected incomes before the incomes materialised – that would create debt right. Well when debt is accumulated and the cost of that debt increases and the revenues still don’t arrive – what do you think a prudent Banker would do? For starters the Banker would not have lent the money in the first place any anything like a prime rate cost – there would be risks. The head of those risks would be the creditability and track record of the clients, in this case the ALP Government. There is no assessor to these spending programs other than the Treasury bureaucrats putting together their numbers on forward estimates to support the public policy legislation. Cooking the books is a criminal offence in the Private Sector – anyone loading up a prospectus with forward estimates known oto be unachievable will go to jail – regardless whether it was done knowingly and with vested interest motives. PM Gillard, Treasurer Swan, and the whole of Cabinet are responsible for the so called budget ‘revenue writedowns’. Let us call it by its true assessment – ‘complete and utter incompetence’. In addition – Finance Minister Penny Wong is out there telling us all about the reasons why the budget will continue to run at deficits for the next four (4) years – read below:
This horse has bolted and the Gillard Government is intent on blaming everyone but themselves. What reputable Treasurer, one who had the title as ‘Best Treasurer in the World’, would not accept their responsibility for getting their forward estimates so horribly wrong? Gillard herself is most responsible as a ‘shopaholic’ type spendthrift – she can’t help herself in front of a microphone – she just has to promise more spending so the crowds will cheer. Her Cabinet has the same disease and as they try to make Australia a socialist regime their intent cannot be misunderstood. Three years of Gillard post GFC spending has seen some $175 billion of new debt, and the promise of another $100 billion or so of future debt. Where is the revenue forecasts to balance this expenditure – oh … that’s right – the forward estimates can be blamed. The problem with Federal, State, and Locally elected members who have no financial creditability or understanding – is they can lead you over a cliff in a very short space of time. Ignorance or stupidity can never be the excuse, yet that is what is demonstrated time after time … look at some of Treasurer Swan’s response to a simple questions about economics and finance when asked … [Nov 2008] … and again here … [5th Mar 2012] – make sure you count the times Swan obfuscates over the question and does not respond directly …he really is a poor performer in front of a camera and when speaking without his graphs and script to work from. … and if you want to spend more time watching Swan make a fool of himself, check out the collection at this link … All highlighting the fact that Swan is no natural financial wizard … he has no clue just how bad he really is … Assessment: – An abysmal failure … Financial Management – Currency: Global conflict has been a historical precedent for 1.000’s of years. It is not always a military conflict in traditional terms. In modern times we’ve had the ‘Cold War’, ‘War on Terrorism’, and in most recent times we have had a new type of global conflict – ‘currency warfare’, and ‘labour cost warfare’. These are not open conflict where troops are engaged in a traditional sense. The currency war ia about obtaining financial advantage by having a devalued currency to make your output cheaper to overseas buyers. The ‘labour force war’ is about the cost of production and how that impacts on domestic employment against overseas competition. There is no doubt this ‘financial warfare’ has been going on for 15-20 years in a very aggressive way. The concept has been alive and well for 100’s of years happens since the ‘market forces’ concept was born. Supply and demand is the center of the ‘capitalist dream’. In recent times the supply part of the equation is governed by who can supply the goods at the cheapest price. The demand follows the supply costs and whoever controls that cost base productivity controls the demand and the margins of profitability. Add to this basis capitalist greed a currency market that in a free market would reflect the supply and demand equation – the relativity of a balanced global economy would be much fairer. However – we have those who enter the market with intent to manipulate their currency value for the purpose of gaining an advantage over all the other suppliers. Now add to that the might of military power and a population almost 4-5 times that of their main competitors, and a labour force stuck in third world living standards – you can see why the Western World is in a manufacturing quagmire, and unable to compete with the Asian presence. There have been mumblings about China and their pegged to the US$ advantage. Nobody can do anything about it unless China want to feel generous. Does China have reason to want to be generous – other than a complete meltdown of the capitalist network if they don’t look to share – history would indicate that the West have plenty of reason not to expect unconditional favours from China. Now we come to Treasurer Swan, previous Treasurer Costello, and RBA head honcho Glen Stevens. In another speech on currency by Phil Lowe – RBA Deputy Governor – he spoke on ‘intervention’ and how the RBA viewed such action – his comments were reported in part and appear below: link to On-Line Story …
It would seem that the RBA are not overly concerned with the impact of a high A$ value – Stevens and his Deputy are bureaucrats and as such are a part of the problem. They are political appointments as is the make up of the RBA Board. ALP friends and there to serve the cause … When China pegged their currency to the US$ in the early 1990’s it was a master move by a regime with a 200 year agenda. They knew that their biggest asset was their cheap labour. Rather then have them serve as soldiers in a modern war game – they used their poverty to their advantage to beat the rest of the world on production costs and output. Cheap and plentiful labour will always beat competing economies as evidenced in this and every other Western Nation in the last 10 years or so. When the currency trap is added that favours weaker currencies – and the US$ weakness not only helps the USA economy, it keeps China so far ahead of everybody else, the rest of the Western world is fighting over the scraps left behind. Yes folks – it is a War, a war of a different kind that will see populations turn on themselves as poverty bites … it’s a genius plan and the knots are would so tight with the over burden of debt attributed to Western Governments now fixed to the anchor dragging them all over the abyss … it is only a matter of time … and then China may have won a victory – but they will have no one left to trade with and they too will implode and that will be the ball-game. It might take 50 years but that is small time scales when you think about history … Assessment: – An abysmal failure … Summary: Do you think Treasurer Swan or any other Politician serving under Gillard has thought this through 10 years hence … thinkers are few and far between in this world and it is a case of ‘shoot the messenger’ from where Gillard stands and surveys her future … She will not and cannot be convinced her time is done … or that she is bad for the Nation. She intends to lead us all over that abyss in some majestic vision she has about her own place in history … What a slapper she is … an idiot with extreme and gargantuan egotistical issues … she has never accepted she did anything wrong in the early 1990’s when connected with the AWU fraud – and ever since she has been driven to try to prove everybody else was wrong to punish her for the way it went down – and this Nation has and will continue to paid the price for her misguided socialist agenda for generations to come. This whole Gillard minority Government hs been: – An abysmal failure … |
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EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 34 – The S.S.S – Scumbag Slippery Slipper –
Latest ‘Harry’s Growl’ Posts:
Larry Pickering Cartoons – Added 4th Apr 2013 – click to view in a new window: To see more of Pickering’s Political cartoons – use this link … – 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 – – 28th Mar – Election 2013 – Growl No: 28 – Gillard – The Face of Evil Revealed – – 27th Mar – Election 2013 – Growl No: 27 – Rudd’s Choice – A Betrayal of all ALP voters – – 22nd Mar – Election 2013 – Growl No: 26 – The Morning after – Australia feels like they have just been date raped … – – 21st Mar – Election 2013 – Growl No: 25 – The ALP still in the quagmire – Today’s Leadership Spill achieved nor decided anything – – To see more EYE-BALL Harry’s Growl posts: click here … |
Title: – Election 2013 – Growl No: 34 – – The S.S.S – – Scumbag Slippery Slipper – | Author: EYE-BALL’s Harry’s Growl | 8th Apr 2013| |
Latest Pickering images – 3 New Cartoons added 4th Apr 2013 – see image links to the left.
[Click on image above to enlarge in a new window:] This scumbag corrupt politician was to front court today to hear charges over the ‘cabcharge fraud’. His lawyer tried for another adjournment but was laughed out of court. Slipper’s lawyer then went to the backup plan and entered a plea of – NOT GUILTY – how unexpected and perfectly well within his rights to do so. The reporting on todays events can be read below:
Doesn’t it make you feel good to know that this man will be in line to receive a parliamentary pension for life somewhere around the $150k per annum if he is voted out at the next election. That is of course if he is found ‘not guilty’ in any court case verdict that might happen before then, or if he resigns from Parliament before the Government terminates his tenure upon a court conviction. For us mere subjects supposedly living under the same justice system – if we are caught up in some criminal conspiracy similar to Mr Slipper – we would normally be suspended pending the outcome. Particularly if continuing in your job allowed you to have a controlling interest i.e. balance of power in the House of Representatives – in making the laws that governed our society and Nation. How does this happen … and how can the Opposition and Independents not work together to get rid of Slipper, Thompson, and then Gillard who is also under investigation over the AWU fraud. It is an ‘outhouse’ of sewerage slime don’t ya think. Politicians protect their own and why the Independents and Opposition have not addressed this matter is a part of the problem. Windsor and Oakeshott claim ‘due process’ – yet any Law enforcement officer with the slightest stink attached to their behaviour sees them automatically suspended. Slippers intent here is to get as close to the election as he can using delaying tactics – and the Courts can do nothing to prevent it. This is more than the stench of exposed sewerage … Slipper you are scum of the earth – worse than rapist’s and pedophiles … you steal from the public purse and believe your are entitled to do so.
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EYE-BALL’s Harry’s Growl on – Election 2013 – Growl No: 33 – When the she cat is away – you’d think the other side would come out & play –
Latest ‘Harry’s Growl’ Posts:
Larry Pickering Cartoons – Added 4th Apr 2013 – click to view in a new window: To see more of Pickering’s Political cartoons – use this link … – 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 – – 28th Mar – Election 2013 – Growl No: 28 – Gillard – The Face of Evil Revealed – – 27th Mar – Election 2013 – Growl No: 27 – Rudd’s Choice – A Betrayal of all ALP voters – – 22nd Mar – Election 2013 – Growl No: 26 – The Morning after – Australia feels like they have just been date raped … – – 21st Mar – Election 2013 – Growl No: 25 – The ALP still in the quagmire – Today’s Leadership Spill achieved nor decided anything – – To see more EYE-BALL Harry’s Growl posts: click here … |
Title: – Election 2013 – Growl No: 33 – – When the she cat is away – – you’d think the other side would come out & play – | Author: EYE-BALL’s Harry’s Growl | 8th Apr 2013| |
Latest Pickering images – 3 New Cartoons added 4th Apr 2013 – see image links to the left.
There has been so much focus on Gillard and her Cabinet’s failings for such a long time. In all that time the attention on and given to Tony Abbott has been about as dim as it gets – Abbott has had to do nothing to attain the political standing he has – it has all been on the back of Gillards choices and poor policy options. Gillard left for China over the weekend and will be there for most of the week – and while Gillard is away the Abbott opportunity to shine and step into the light has not happened. Why is that? Is Abbott so scared to step forward and seize the moment, is he frightened that by making himself a target he will risk more than he will gain? Does he think he will fumble the ball at the very time when it will all fall to him if he just sits back and waits for Australia to dump Gillard? If so – he risks more than he knows. Is the ALP such a destroyed force that the electorate will vote for anyone that stands up as the alternative? Abbott has to prove he is worthy and in this week where he could do so much to prove his worth and value to so many disenfranchised Australians looking for Leadership – his choice is to remain shielded in his bat enclave proving nothing to those who think he might be the real deal as the alternate PM. Abbott is someone that follows – this site has advocated all along that he is not the inspiration this Nation needs – he does not provide that strength of purpose, that vision of hope, that motivation to believe. He has been and always be someone that walks the middle ground and never takes a risk. His position as Opposition Leader happened on the swing of one (1) vote – and up against the pathetic Gillard Leadership, anybody could win the next election if they were Leader at the time. The oncoming election is the ‘drover’s dog’ equation all over again. Will someone tap Abbott on the shoulder as Bob Hawke did to Bill Hayden? Surely this Nation deserves the best possible option available and the question about Abbott’s leadership skills have always been a question mark. Should it be Turnbull – a sulking ex Liberal Leader who wanted to pack his ‘bat and ball’ and run off after Abbott beat him by that single vote. This from a man who had the party fight tooth and nail to get him preselected for his safe ‘Wentworth’ electorate. Howard had to talk him down from his resignation position – why … if he wanted to be PM – what sort of man sulks off after a caucus room defeat? Turnbull is damaged goods because of that – and the reasons that led to the Leadership spill to begin with. Yet – he is still the most eminently qualified among all those on the Opposition front bench – who else is could it be? So the question remains – in Gillard’s absence who can and is best qualified to lead this Nation? Should it be the match up so many wanted in the lead up to the 2010 election: |
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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 Harry’s Growl on – Election 2013 – Growl No: 32 – Senator Wong gets the wobbles – steps up and proves she’s in over her head –
Latest ‘Harry’s Growl’ Posts:
Larry Pickering Cartoons – Added 4th Apr 2013 – click to view in a new window: To see more of Pickering’s Political cartoons – use this link … – 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 – – 28th Mar – Election 2013 – Growl No: 28 – Gillard – The Face of Evil Revealed – – 27th Mar – Election 2013 – Growl No: 27 – Rudd’s Choice – A Betrayal of all ALP voters – – 22nd Mar – Election 2013 – Growl No: 26 – The Morning after – Australia feels like they have just been date raped … – – 21st Mar – Election 2013 – Growl No: 25 – The ALP still in the quagmire – Today’s Leadership Spill achieved nor decided anything – – To see more EYE-BALL Harry’s Growl posts: click here … |
Title: – Election 2013 – Growl No: 32 – – Senator Wong gets the wobbles – – steps up and proves she’s in over her head – | Author: EYE-BALL’s Harry’s Growl | 7th Apr 2013| |
Latest Pickering images – 3 New Cartoons added 4th Apr 2013 – see image links to the left.
Senator Penny Wong, Finance Minister, weighed in on the Superannuation debate with her ‘wrecking-ball’ analogy but forgot to do her homework. Swan and Shorten went to great lengths to tell us all that the new superannuation rules covering a 15% tax on Super Fund incomes of $100k or more will only impact 16,000 odd superannuants. They also told us that it would create revenue of $900,000,000 over the next four (4) years. Really this is just so simple … does that mean the 15% tax on super incomes over $100k will generate $900 million over the next four (4) years – which then translates to also mean that these 16,000 wealthy super fund owners will be the ones paying this $900 million. How is that not unlike the ‘Cyprus’ bailout where wealthy depositors had their savings taxed to provide €10 billion to cover the Cyprus Governments part of the Euro bailout package? In Australia’s ‘Cyprus’ like tax – as Abbott referred to – the Government is targeting wealthy Australians who have used the legal rules to create superannuation wealth, and now the Government wants to change the rules and apply a new tax on these wealthy funds. To be precise in what Senator Wong said – the story has been reported as pasted below:
I particularly mused over Senator Wong’s distaste for the ‘Cyprus’ comparison. By what measure is the $900,000,000 not a tax on the wealthy? Swan and Shorten estimated the amendments would generate $10 billion over the next 10 year forward estimates. That is some serious numbers – but in 2010 the Gillard Government gave an iron clad guarantee that the forward estimates proved a budget surplus for 2013-14. You would just not trust anything this Government said or maintained when it came to budget estimates and spending cuts. To turn the $900 million over four years into $10 billion over 10 years – what are they hoping for … bracket creep … That would then require some research to see how many people sit just below the $100k income on super level’s now. That might make the 16,000 look a little suspect – maybe the real number might become 100,000’s in 3-4 years … You just can’t trust any politician anymore with your money. |
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