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  1. #181
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    Quote Originally Posted by Father View Post
    I'm sorry. I do not know what you want me to respond to?

    Do you not like governments who spend money? Would you rather that the Howard government had even larger surpluses and kept stockpiling your tax dollars, or would you like them to give some of it back to you?
    The point is, Howard delivered surpluses whilst spending! Gillard/Swan have not.
    The title of this thread is Labor waste is it not? Yet the Howard govt has the biggest spending record not once but twice. Seems a moot point to say well they pulled in a small surplus so all that spending and wastage is fine? The only thing that saved him was all the privatisation...

    The pro lib site you linked before addressed this study and pretty much said the same thing. Yes he spent big time and more than any other govt, but since he brought in a little surplus that's ok? Had Howard not given 40 bill in tax cuts which were not needed given we were booming, we would still be in surplus....

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  3. #182
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    lol snap beebs about the selling of of public assets, I didn't read your comment until after I hit post.

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  5. #183
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    Quote Originally Posted by delirium View Post
    Had Howard not given 40 bill in tax cuts which were not needed given we were booming, we would still be in surplus....
    Ok. It is all Abbott or Howard's fault that we are currently in deficit. Hope that helps you sleep at night.

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  7. #184
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    Quote Originally Posted by Father View Post
    Ok. It is all Abbott or Howard's fault that we are currently in deficit. Hope that helps you sleep at night.
    No I didn't say that. What I am saying is that we are discussing Labor wasting money. I am arguing that the Libs wasted more than labor, that is fact, and the only thing that pulled them over the line for a surplus was selling everything left right and center. It would be like me taking my husband's wages, spending it shopping, then selling half of the household furniture and saying "see dear, I still have the 1k of wages so it's all good".

    Again I will say Labor hasn't done a fantastic job since Gillard has been in. But I think if we are going to have a discussion about labor spending it's only fair to discuss the wastage under the last lib govt also. Had Gillard sold off public assets like Howard had, she may well have come close to a surplus herself.

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  9. #185
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    Sorry, but Fraser's deficit was FAR worse than the tiny deficit that has been announced by the ALP. See, Libs are crap with money.
    The 81-82 deficit blew out to $548 million and unemployment had risen to 10.3% by May 1983

  10. #186
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    Quote Originally Posted by delirium View Post
    No I didn't say that. What I am saying is that we are discussing Labor wasting money. I am arguing that the Libs wasted more than labor, that is fact, and the only thing that pulled them over the line for a surplus was selling everything left right and center.
    Really? The surplus was only due to privatisation? Big call.
    Do you have the figures to back that up? ie. how big was the surplus and how much in that year was privatised in order to generate that surplus?

  11. #187
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    Quote Originally Posted by Father View Post
    Really? The surplus was only due to privatisation? Big call.
    Do you have the figures to back that up? ie. how big was the surplus and how much in that year was privatised in order to generate that surplus?
    No I don't have exact figures. I'm not a pollie so don't have these off hand lol But it's logic that since he only brought in a small surplus those years, and sold off billions and billions that the surplus was largely due to that. If Howard had brought in a huge surplus, then I would agree it wasn't just from the privatisation, but also from good money management. I am going on 35 so I was an adult during Howard's terms, and I remember all the media saying his very modest surpluses were due to the sale of public assets.

    Now I'm happy to be proven wrong that the billions he sold off had nothing to do with the small surplus.... but logic dictates it did.

  12. #188
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    Jan 1997 – $1.5 million + annual lease payments Avalon Airport Geelong Ltd; May 1997 – $3.337 billion Melbourne-Brisbane-Perth airports; July 1997 – $408 million DASFLEET; April 1988 – $730 million Phase 2 Airports; March 1999 – $650 million National Transmission Network; November 1999 – $347 million ADI Ltd; June 2002 – $4.2 billion Sydney Kingsford Smith Airport (plus SACL debt of $1.35 billion); November 1997 – $14.2 billion Telstra 1; October 1999 – $16 billion Telstra 2; November 2006 – $15.4 billion Telstra 3.

    The suprlus was 21 billion, do the maths on the above. Not a big call, the absolute truth.

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  14. #189
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    Quote Originally Posted by delirium View Post
    Now I'm happy to be proven wrong that the billions he sold off had nothing to do with the small surplus.... but logic dictates it did.
    This is not a question of logic. It is a question of numbers.

    Here are some figures.
    http://www.budget.gov.au/2012-13/con...appendix_d.htm

    Rounded to the nearest 100 million.
    1997-98 = $0.1b
    1998-99 = $3.9b
    1999-00 = $13.0b
    2000-01 = $5.9b
    2001-02 = -$1.1b
    2002-03 = $7.4b
    2003-04 = $8.0b
    2004-05 = $13.6b
    2005-06 = $15.8b
    2006-07 = $17.2b
    2007-08 = $19.8b

    So are these all because of privatisation???

  15. #190
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    http://www.budget.gov.au/2012-13/con...appendix_d.htm

    And from table D4 at the above link.

    Any idea on how Howard/Costello paid back the $96.3b net debt that they inherited? Not only paid it back but put $44.8b in the pocket!
    I would suggest that it wasn't because they were spending beyond their means.


 

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