350 litres a week= 18200 litres /yearTaxpayers are forking out $110,000 to supply milk to the Treasury, a Government Contract shows. Treasury received more than 350 litres of milk each week for the 900 bureaucrats to enjoy with their tea and coffee.
At the top of the list is the $6.6 billion blow out in the immigration portfolio thanks to Labor’s failed border protection policies. This is closely followed by the $3.2 billion blow out in the NBN roll-out. These policy failures alone add up to over $9 billion!
Of course, other nations are slowing down much more than we are, and as the NBN runs out we will pick up speed again.Ex-PM praises strong economy
Former prime minister John Howard believes the Australian economy is in “good shape”, especially in comparison to the rest of the world.
Speaking at the MFAA conference in Sydney on Friday, Mr Howard said that while many people believe the Australian economy is "running on empty at the moment", it has actually shown an unexpected resilience.
Mr Howard said he is optimistic and bullish about the future of the country.
“When the current prime minister and the treasurer and others tell you that the Australian economy is doing better than most – they are right,” he said.
"We are still fortunate that we have an unemployment rate with a five in front of it. I wouldn’t have thought that was going to be possible a couple of years ago, and I don’t think many people would have. Our unemployment has remained pleasingly quite low.
"And our debt to GDP ratio, the amount of money we owe to the strength of our economy, is still a lot better than most other countries."
That said, Mr Howard said it was important for Australia to be constantly striving for growth and betterment, so that our competitors don’t overtake us.
"In an international environment, in a globalised world economy, you have people who are in that economic foot race who are trying to get past you. And the problem about slowing down in that footrace, even if you can’t ever get to the finishing line, is that if you slow down, other people are going to go past you," he said.
"And that is a bit like what’s happening at the present time. We’ve been doing well in that footrace for about 25 years, but we’re now starting to slow down."
Hockey and Abbott will start talking up the economy, once they get hold of the precious... and not before, dognammit!Jovial_Monk wrote:Don’t think Labor wasted much at all, just listen to John Cvnting Howard:Of course, other nations are slowing down much more than we are, and as the NBN runs out we will pick up speed again.Ex-PM praises strong economy
Former prime minister John Howard believes the Australian economy is in “good shape”, especially in comparison to the rest of the world.
Speaking at the MFAA conference in Sydney on Friday, Mr Howard said that while many people believe the Australian economy is "running on empty at the moment", it has actually shown an unexpected resilience.
Mr Howard said he is optimistic and bullish about the future of the country.
“When the current prime minister and the treasurer and others tell you that the Australian economy is doing better than most – they are right,” he said.
"We are still fortunate that we have an unemployment rate with a five in front of it. I wouldn’t have thought that was going to be possible a couple of years ago, and I don’t think many people would have. Our unemployment has remained pleasingly quite low.
"And our debt to GDP ratio, the amount of money we owe to the strength of our economy, is still a lot better than most other countries."
That said, Mr Howard said it was important for Australia to be constantly striving for growth and betterment, so that our competitors don’t overtake us.
"In an international environment, in a globalised world economy, you have people who are in that economic foot race who are trying to get past you. And the problem about slowing down in that footrace, even if you can’t ever get to the finishing line, is that if you slow down, other people are going to go past you," he said.
"And that is a bit like what’s happening at the present time. We’ve been doing well in that footrace for about 25 years, but we’re now starting to slow down."
http://www.theadviser.com.au/breaking-n ... ng-economy
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