Is the Xmas bonus good for the economy?

[Jovial Monk]

And I did not say tax cuts were a waste of money, that depends on circumstances: tax cuts (& interest rate cuts) to stimulate the economy do not work, tax and interest rates make a good brake but crap accelerator.

The tax cuts were unsustainable, based as they were on the revenue from the minerals boom.

That public debt was small biccies, economy would have benefitted from having money spent on infrastructure!

In DFAT trade publications it mentioned that in a particular year mineral exports had increased 40%, 38% due to price increases and a lousy TWO percent due to increases in volume. What if volumes had been able to increase eh? What if ships waiting waiting waiting to load coal could have just come, loaded & left? Lots more revenue for exporters & govt. Fuck howard & Costello for the economic vandals that they are!

[cynik]

OK, skippy first: Shut up, fool.

Hebe: Go learn the difference between public and private debt. When you come back, if you ask me nicely i will explain why the "current account" that measures private debt repayments as trade is FOOLISH.

DITA: You are already on a warning about being a simpering clown. I am getting sick of this game where you say something, then say you didn't say it, then say it again.

Tax cuts are not a waste of money, EVER, because giving tax back to the people who pay it prevents the possibility of waste. People cannot "waste" their own money unless you believe people are under a moral obligation to spend it according to the scriptures of some organized body who proclaims the sacred truth. Like the church, or the ALP.

So it does not depend on the circumstances. It can simply never be a waste to give tax revenue back to its rightful owners. If you do not understand that as axiomatic, you are projecting a thief's understanding of what money and taxation are all about. As for your comment that tax cuts do not stimulate economic activity, the outcome of the cold war might suggest otherwise.

The rest of what you say is written without conviction and I begin to seriously doubt whether you even understand the words you are using so casually.

First you claim Howard was a fool because he gave back money to the people from a mineral boom that could not last.

Then you claim Howard was negligent for not building infrastructure.

Then you claim that not enough infrastructure was available to ship more coal to China.

So go back to where you started: You think howard should have built new infrastructure to allow more coal to ship to the chinese, instead of giving tax cuts. But if he had, that extra capacity would be coming online about NOW, when the demand from china has gone south.

So..... your great economic planning would have bet the farm on a continued boom, and then all the infrastructure you built would sit and rust, and then when you want to spend even more money, to keep your party mates in jobs, you would find that the debt you neglected to pay off while the Aus dollar was strong needs servicing whilst the Aus dollar is weak as piss. And as that debt is in US dollars, who suffers then?

Yeah. Not you. The taxpayer. The people you casually disregard as unimportant when discussing their money.

Guys like you are OK company at a bbq, and there is no way you can be trusted to control public money. You simply do not understand whose money it is. You think it belongs to whoever wins the election. You think nobody is keeping score from one administration to the next.

Howard paid off the public debt. Therefore he earned my respect, and demonstrated principles that, had they been followed by the middle class, would have made Australia extremely strong.

Instead, a bunch of half smart know-it-alls with social science degrees and too much cheap chardonay under their belts kept throwing their savings into get rich quick schemes peddled by equally halfwitted and unprincipled fools with degrees in economics and a ponsi scheme called the stock market.

Guys like you, who understand so little of economics and who cannot appreciate a man of principles when you see one, are the reason I truly pity Australia.

Nobody has said nastier things about Howard than me. Nobody. I have said he ought to be hung by the neck and his body dragged through the streets for the war crimes he helped further, in breach of international law.

But he is a man of principles in economic terms, and it remains a bare fact that Rudd had more to spend when he came to power because Howard paid off the government debt IN FULL while he was in office.

You do not recognize the value of this principle, in terms of leadership by example, therefore I do not expect you will understand very much at all that has to do with principles or leadership. You are, with respect, a partisan hack with absolutely no idea about how the economy of state operates.

[White Indigene]

This gang, this band of brothers. . .

ALP is to the right of the Fibs back when Pig Iron Bob was running the show.

Yes, well

that was then and this is now, so is now then, or are we here now, I mean, is it the current period of politics Labor is flogging new, or did they like satans clause, revert time and compress space to arrive at Hawkes yesterday dream time era of chauvinism?, I mean, is the current politics today the same as yesterday now? And if so, how did we vote for yesterday, when the chant was for tomorrow?

So if today really is yesterday, what then of tommorrow, will it too be like yesterday, caught in some time warp cyclic reduncancy in which we never escape, like some nightmare. Did the ALP wave the magic WMD wand to arrive at a a time of their choosing, in order to capture the nostalgic past of the gerentocracy, in order to launch a new era of bigotry, chauvinsim, deceit and decrepitcy based of the age of the Big Bigot???????????

Are you sure Dita, that we are back in 1979??????????

[Jovial Monk]

I love reading what you say white black man because you make no sense whatsoever

Outcome of cold war, that was a war of competing tax cuts was it?

And no I said right from the start that some of those tax cuts were unsustainable, I did not say they were a waste.

[cynik]

Who the fuck are you talking to, fool?

Me or him?

And yes, the cold war was about competing tax cuts.

You should talk less and listen more, Dita. You don't want to get boring.

[cynik]

"$390Bn of mining boom money wasted on pork and unsustainable tax cuts."

You wrote that the money was wasted on tax cuts. Whether they were sustainable or not does not seem entirely relevant.

Now you totally refute this. And yet, i am not being clever with what you wrote.

Dita, if you can't make sense of what you write, what fucking chance do I have?

Write less, think more, listen more. You are sliding into a big pile of self ridicule, and nobody wants that.

Stand up, and pull up your pants.

[Jovial Monk]

Well, it will take some years of bracket creep to get tax collections back to where they should be, now that china isn't buying our dirt anymore.

[Hebe]

Hebe: Go learn the difference between public and private debt. When you come back, if you ask me nicely i will explain why the "current account" that measures private debt repayments as trade is FOOLISH.

OK, I had a look, and yes please. I would really like to understand it better.

I love it when rightards call Rudd RED

I get your point, but I wouldn't call Cynik a rightard.

[cynik]

Why should one not call Rudd Red?

Because he didn't pursue policies that helped working people, but instead dominated their interests with insincere dogma and gave them away to a foreign based elite?

It seems to me he is following a long line of communist scumbags, and carrying their flag nicely.

Let me be clear: I call Rudd "Red" because he is a professional mewling mouthpiece for whosoever has the most to contribute to his personal ambitions as a politician. That is what commies do. They serve those who appoint them, and they spruik nonsense whilst manipulating the market to favour their hidden support base.

Rudd is not a democrat, he is not for market principles, and he sure as shit doesn't care about human rights.

How red can you get?

[Jovial Monk]

ahahahahaha!