Comments on: Budgetitis

By: Dead Soul

Dead Soul — Thu, 10 May 2007 11:30:04 +0000

Perhaps be better if we spent it Terje?

By: terje (say tay-a)

terje (say tay-a) — Thu, 10 May 2007 11:21:18 +0000

Technically they are not hoarding it, they are investing it. Which is in fact much the same as spending it.

By: Dead Soul

Dead Soul — Thu, 10 May 2007 10:59:35 +0000

What a paradoxical situation for Australians, the incumbent government loves to hoard our money while the prospective government intends to spend our money.

By: Dead Soul

Dead Soul — Thu, 10 May 2007 10:58:21 +0000

I just saw Rudd give his reply on the ABC. I was amazed to hear that Labor intends to make every high school a technical training ground. Did I hear this right? It sounds incredibly wasteful.

By: terje (say tay-a)

terje (say tay-a) — Wed, 09 May 2007 09:12:02 +0000

There is no risk of inflation due to the tax cuts. And with so much enforced saving there is little risk of interest rates rising.

By: Fleeced

Fleeced — Wed, 09 May 2007 06:06:11 +0000

During the same 6 months the government managed to introduce expenditure policy worth $6.4 billion in 2007-08 (rising to $10.5 billion in 2009-10). That’s a lot of pork.

And if there’s inflation, they’ll no doubt blame the tax cuts.

By: John Humphreys

John Humphreys — Wed, 09 May 2007 03:51:03 +0000

For the budget year (2007-08) estimates of revenue have increased by $4 billion compared to the last estimate made 6 months ago. That’s a lot of money.

The budget notes that: “The Government’s decision to provide additional personal tax relief has partly offset the upward revisions in total revenue”

So the tax increase has been “partially offset”. Yay. Don’t be fooled people… tax is going up.

During the same 6 months the government managed to introduce expenditure policy worth $6.4 billion in 2007-08 (rising to $10.5 billion in 2009-10). That’s a lot of pork.

By: Australian Federal Budget 2007 « The Blog of Fleeced

Australian Federal Budget 2007 « The Blog of Fleeced — Wed, 09 May 2007 02:33:58 +0000

[...] such as solar cell rebates, and $500 cash handouts to the aged. Blog discussions at catallaxy, ALS blog, and Club [...]

By: nicholas gray

nicholas gray — Wed, 09 May 2007 01:49:48 +0000

Well, I hope for a Coalition win, as the lesser of two evils, but I also hope that the LDP ends up with the balance of power in the Senate! Then we might see Classic Liberalism in action! (Nice shooting, Tex!! You killed Centralism with your reliable 66-shooter!)

By: Sinclair Davidson

Sinclair Davidson — Wed, 09 May 2007 01:43:32 +0000

Centrebet was paying out $1.97 for a coalition win yesterday afternoon and $1.90 this morning. Assuming an 8% spread that’s a movement from 47% probability of victory to 48.7%.