WWCC - Loyaulte Mi Lie
"Hope is the fuel of progress and fear is the prison in which you put yourself" - Tony Benn
#408. Sixty three not out forever.
Still not a decision made on economic grounds.
GOOD OLD COLLINGWOOD - PREMIERS IN 2010Originally Posted by Irfan
Is Cam White, Is Good.
So sick of hearing the words "temporary deficit". A surplus is just a surplus and a deficit should just be a deficit. I know they're just trying to convince/remind everyone that we're only going into deficit due to decreased revenue/increased spending due to the international recession, but I wish they wouldn't try and confuse the public that way. I know I know, it's a politicians job to spread confusion I guess it would also help if the public zeitgeist had the presence of mind to realize that running a deficit is actually both unavoidable and desirable at a time like this.
I'm with Top Cat on the subject of voter apathy though. Most people I know are either completely disinterested, (to the point that I'll get a few calls every election day from friends asking who to vote for) or so blindly biased one way or the other that it's difficult to take them seriously. A few exceptions obviously.
It shocks and amazes some people (not saying you BTW) that governments make most decisions for non-economic reasons. But they do, because it's politics, not economics. You can bet your life the people behind the scenes in the government are well aware that despite feeding the public nothing but bad economic forecasts and news for nigh on 9 months, the only time the government took a hit which wasn't just a statistical blip (ie within the MOE of 2% in opinion polls) came one week after that boat sunk up north.
Last edited by Matt79; 06-05-2009 at 06:30 PM.
@ Ausage - But there is a difference between borrowing money in the short term with the intention of buying something/maintaining something that will help you succeed long term vs planning to run at a deficit.
The Australian political scene has a hysteria about public debt that is bizarre to say the leas given how happy we all are to mortgage ourselves to the hilt and max out our cards. Plenty of serious economists will argue that it can at times be better to sometimes wear the cost of a deficit than to cripple yourself trying to stay in surplus.
Obviously in general it's better to have a surplus, but you have to be prepared to react to your environment and a simplistic dogma like 'deficit = disaster' doesn't help do that.
Last edited by Matt79; 06-05-2009 at 06:29 PM.
It's because the Labor Party are so horrible...I can't help but give them a spray at least once per week.
Seriously though, I don't talk about politics other than with close friends or family, so this thread offers a good anonymous outlet to discuss things. And, on balance, the people in this thread are fair-minded and not abusive - a rarity in political discourse.
Totally agree with the other two paragraphs though.
Treasurer is also seen as a training ground for the next PM, so it's unlikely you'll see someone from the Left (Gillard or Tanner) to be put into such a position. I don't necessarily think Swan will succeed Rudd because I think he's a bit like Costello. The public don't mind him as a Treasurer but wouldn't want him in the top job. If someone like Bill Shorten becomes Treasurer then you'll know why.
Stedders' Supported XI
Tamim Iqbal, DA Warner, UT Khawaja, CA Lynn, Shakib Al Hasan, AB De Villiers, +BB McCullum, AC Agar, Mashrafe Mortaza, JM Bird, JP Behrendorff.
RIP Fardin. RIP Craigos. RIP Prince.
Pathetic way to run a railroad. One reason I'd never actually join a party.
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