The BUDGET tonight.

[Juliar]

During the 2008 global financial crisis Labor responded by setting "fire to people's houses" and sending "cheques to dead people and pets"!!!!
Thank Goodness the real people are in charge this time.


Australia faces economic challenge '45 times more severe' than Labor during 2008 GFC: PM
06/10/2020

VIDEO: Thank God Labor is not in power now:- https://www.skynews.com.au/details/_6197837209001

Prime Minister Scott Morrison has claimed his government faces an economic challenge "45 times more severe" than Labor did during the 2008 global financial crisis which responded by setting "fire to people's houses" and sending "cheques to dead people and pets".

"That is not how you manage a crisis," the prime minister said.

During Question Time, Opposition Leader Anthony Albanese claimed the "Morrison recession" would hit Australians "deeper and harder" because of the government's plan to reduce JobKeeper and JobSeeker payments.

The prime minister defended his government's response to the COVID-19 pandemic – claiming prior to the virus outbreak, Australians were looking optimistically to the future with the budget "back into balance" and 1.5 million jobs created.

Mr Morrison criticised the Labor Party, claiming the unprecedented virus has seen the global economy forecast to fall 4.5 per cent while the GFC saw global GDP fall by 0.1 per cent.

"The leader of the Opposition – in the way he has framed this question – seems to be the only Australian in this country who does not understand there is a COVID-19 pandemic going on in the world today," he said.

https://www.skynews.com.au/details/_6197837209001



And now Union brown Noser Albo has not got a clue what to do.

Albanese must 'be the only person on the planet' to not understand COVID impacts: PM
06/10/2020

VIDEO: Albo is hopeless:- https://www.skynews.com.au/details/_6197840590001

Prime Minister Scott Morrison says it is embarrassing for Opposition Leader Anthony Albanese to not acknowledge that the COVID-19 global pandemic has prevented the government from achieving a surplus in the last financial year.

"He must be the only person on this planet who doesn't understand ... the impact of the COVID-19 global pandemic on this country, on the jobs and livelihoods of this country, Mr Speaker," Mr Morrison said.

It comes after Mr Albanese said "before coming to office, this government announced that it would produce a surplus in its first budget and every year after that".

"Isn't it the case that this government has never delivered a surplus, never will deliver a surplus and had doubled the debt well before coronavirus hit," Mr Albanese said.

Mr Morrison said over the six-years the government brought the budget back into balance, "those opposite fought us every step of the way".

https://www.skynews.com.au/details/_6197840590001

[cods]

I

t comes after Mr Albanese said "before coming to office, this government announced that it would produce a surplus in its first budget and every year after that".

stoopid is as stoopid does....its embarrassing to watch the left trying to pull down everything the Libs have done

who was it that arrived in govt with a huge SURPLUS??? I wonder who that was....

how soon they forget..

and who was it when they were tossed out of govt left behind a HUGE DEBT.. with nothing to show for it??????....

at least no one is dying from starvation in this country perhaps albo needs reminding.

[billy the kid]

How pathetic is this forum when only four people post comment about the
most important budget in decades...
FOUR...
Does this suggest that people are just fed up...
OR have people just given up....

[Nom De Plume]

How pathetic is this forum when only four people post comment about the
most important budget in decades...
FOUR...
Does this suggest that people are just fed up...
OR have people just given up....

Perhaps they dont understand the goals the budget wants to achieve.

[Juliar]

Of great concern to retirees and pensioners is the impact on the ASX which shuddered a bit this morning.

Just think of the bottomless blackness and hopelessness and DOOM AND GLOOM there would be now if Labor were up there!!!!!!!!



ASX to dip as Australia reacts to the 2020 Budget
Anastasia Santoreneos Yahoo Finance AU7 October 2020


Josh Frydenberg (left), man holding $100 notes (right) ASX to dip as Australia reacts to the 2020 Budget. Source: Getty

Good morning.

Here’s Yahoo Finance’s Wednesday morning wrap.

The ASX is expected to dip at the open, with the SPI200 Futures Contract down 17 points to 5,932 indicating a tough start for the local bourse.

In the US, stocks were down more than 1 per cent after President Trump called off negotiations with Democratic lawmakers over coronavirus relief bills.

The Dow Jones Industrial Average fell 309.6 points, or 1.1 per cent, to 27,839.04, the S&P 500 lost 37.53 points, or 1.10 per cent, to 3,371.1 and the Nasdaq Composite dropped 139.42 points, or 1.23 per cent, to 11,193.06.

Missed the Budget last night? The Government handed down the nation’s most critical Federal Budget on Tuesday, with a clear focus on tax and investment.

Here’s what it means for you, and here are the clear winners and losers from the policy measures.

In short:

The stage two tax cuts have been brought forward, and will be backdated to 1 July this year;

A new wage subsidy has been introduced for 16-to 35-year-old unemployed Australians;

Pensioners and some welfare recipients will get two $250 cash injections between December and March;

A further 10,000 Aussies will have access to the First Home Loan Deposit Scheme for newly built homes;

Super funds will be forced to meet an annual performance test. If they fail, they have to tell their members and give them the option to move to a different fund.

Are you above 35 and unemployed? For the 928,000 above the age of 35 and jobless, the Budget, you’ve “been left out and left behind,” according to the shadow treasurer.

$1 trillion debt: Australia’s rising debt is ‘manageable’, according to Deloitte economists.

"Debt is up lots, but interest rates, what we pay on the debt, is massively down," Deloitte Access Economics economist Chris Richardson told ABC.

"Once we are on the other side of this health crisis you will be able to see the Australian economy grow very rapidly for some time.”

Big businesses cheer: Business groups have welcomed the new tax breaks, saying the Budget has incentivised the private sector to “reopen, grow and employ more people”.

But small business want more: Small business groups say they require ongoing rental assistance, and urge the Government to put employment services into local communities to help the jobless.

"There could be between 300,000 and 600,000 people who have never experienced being unemployed before - we need to let them know that there is support and it is ongoing," Council of Small Business chief Peter Strong said.

Have a great day.

With AAP.

https://au.finance.yahoo.com/news/aasx- ... BwadnNYWsn

[cods]

How pathetic is this forum when only four people post comment about the
most important budget in decades...
FOUR...
Does this suggest that people are just fed up...
OR have people just given up....

Perhaps they dont understand the goals the budget wants to achieve.

perhaps billy has a crystal ball and can see the future...

just a thought..

I remember being told when this covids first arrived....no one was predicting how long it would take to get through it BUT..

it was suggested 6 months... which back then! Feb was it??? its seemed like that was forever........

or maybe billy has a time thingy like those pollies that give us estimates for the plans they have for 50 years from now..

[Juliar]

DOOM and GLOOM is all the go. If you don't know what is happening then you can't go wrong prognosticating Nostradamus style DOOM and GLOOM.

Actually DOOM and GLOOM is exactly what would be occurring right now if the Union and Greeny controlled Labor Party had gotten in with Shifty old Shorty at the helm.

Assuming Shifty old Shorty had not been dismissed by the GG by now for gross mismanagement of the Australian Economy and RESTARTING the BOATS loaded with illegal invaders dripping with Corona Virus!!!!


But now a word from the deeply discredited Greenies after they burnt the koalas in the bushfires.

“It spends big, but it spends badly’: Greens leader disappointed by ‘brown budget’
07/10/2020

VIDEO: The sick diseased Greeny bushfire bandits:- https://www.skynews.com.au/details/_6198129812001

The 2020-2021 federal budget “spends big, but it spends badly” according to Greens leader Adam Bandt.

“When we needed a green recovery, it’s all brown and trickle-down,” He told Sky News.

The Greens leader said “the way the government is approaching this budget is going to prolong the recession and keep unemployment higher than it needs to be”.

“We needed a green recovery that aimed for full employment and tackled the recession by building renewable energy, building more public housing, extending free childcare and making sure that people who are unemployed had their support payments lifted.

“We could have done all that for the amount of money the government is spending.

“Instead we’ve got the government putting money into coal-fired power stations, cutting JobKeeper and JobSeeker to give tax cuts to millionaires.

Mr Bandt claimed the federal budget was “skewed towards the top,” supporting millionaires at the expense of the average worker.

“This is about looking after the millionaires instead of the million who are unemployed”

“Someone who’s on say $60,000 gets a one-off hit of $1,000 and that then disappears a year afterward.

“We are giving someone who’s earning a million dollars a year an extra $2,000 a year that they get to keep forever.”

https://www.skynews.com.au/details/_6198129812001



The shocking waste and shame and disgrace of the last Labor Greeny Coalition "Govt" must be avoided now.

Morrison and Frydenberg must 'avoid the bungles and waste we saw from Labor'
06/10/2020

VIDEO: ScoMo is Australia's Trumpy Go Sco!!!:- https://www.skynews.com.au/details/_6197855441001

Sky News host Chris Kenny says the main task for Prime Minister Scott Morrison and Treasurer Josh Frydenberg in handling the budget is to “avoid the bungles and waste we saw from Labor” when it handled the Global Financial Crisis.

“We are about to have a record deficit by about fourfold and record debt announced by the treasurer tonight,” he said.

His comments come ahead of the 2020-2021 budget, to be announced by Treasurer Josh Frydenberg on Tuesday night, which will reportedly bring forward $7.5 billion worth of projects in a bid to stimulate jobs growth and kickstart economic recovery.

Labor Leader Anthony Albanese said on Tuesday the government would have to explain why a debt burden of $200 billion was a crisis, “but a trillion dollars in no problem”.

Mr Kenny said the opposition leader had “made a good point”.

“It is always easier to defend spending than advocate cost-cutting so the advocacy task for treasurer Josh Frydenberg and the Prime Minister is not super difficult tonight and in the weeks to come,” he said.

Mr Kenny observed the prime minister had begun advocating cost-cutting in question time on Tuesday.

“During the Global Financial Crisis, the global economy fell by 0.1 per cent, so what our government is facing is 45 times more severe than when those Opposition thought the response was to build overprice school halls, set fire to people houses and send cheques to dead people and pets,” Mr Morrison said.

“The challenge is much greater and the borrowing much bigger for Scott Morrison and Josh Frydenberg,” Mr Kenny said.

“The main task for them is to avoid the bungles and waste we saw from Labor.

“With such massive programs that won't be easy.”

https://www.skynews.com.au/details/_6197855441001

[billy the kid]

How pathetic is this forum when only four people post comment about the
most important budget in decades...
FOUR...
Does this suggest that people are just fed up...
OR have people just given up....

Perhaps they dont understand the goals the budget wants to achieve.

perhaps billy has a crystal ball and can see the future...

just a thought..

I remember being told when this covids first arrived....no one was predicting how long it would take to get through it BUT..

it was suggested 6 months... which back then! Feb was it??? its seemed like that was forever........

or maybe billy has a time thingy like those pollies that give us estimates for the plans they have for 50 years from now..

Australian news really doesnt interest me that much.
Australian politicians react to what is happening all over the world....
They are muppets and the peasants of Australia are days, if not weeks behind the news...
If you wish to watch Channel Seven news which tells us about a cat caught up a tree, or
a car accident on the corner, or a house fire in the suburbs, or maybe a ten dollar per week
reduction in tax by Freakenberg....go ahead....
The budget was all spin..JobSeeker and JobKeeper extended but under the disguise of JobSniffer.
The peasants are still on the bones of their arse, waiting to be evicted at the end of the year....
Nothing will change in Australia whilst everything costs an arm and a leg.....
Rent will still be four hundred bucks a week, petrol will still be an exorbitant rip off,
as is electricity...
AND the peasants will continue to be conned...
AND swallow every word the media whores feed them.....
JObs...jobs...jobs...all subsidised by a trial UBI (Universal Basic Income...)
Laughable......

[Juliar]

ScoMo has the ABC Socialist Propaganda broadcaster in his sights.


Tightening the belt on ABC funding!
08.10.20.



Not enough is sure to be the complaint coming from the streets as the Coalition makes what appear to be a gesture, perhaps a warning for the ABC and the SBS to lift their failed game that has laughed in the faces of all who contribute to their Marxist culture, a template now inbred and part of their DNA.

However, tinkering at the edges with mini percentage cuts is no way to exorcise the malignant cancer now rampant.

The ABC is set to face ongoing cuts to its budget in real terms, with funding for broadcasting — which covers the national broadcaster and SBS — subject to a 0.7 per cent decrease in real terms from 2019-20 to 2020-21, and a 3.7 per cent decrease in real terms from 2020-21 to 2023-24.



Budget 2020: ABC set for years of decreased funding in real terms
Source: Rachel Baxendale, News Corp

The decrease reflects the Morrison government’s decision in the 2018 budget to freeze ABC funding at 2018-19 levels until at least 2021-22, saving $84m.

The broadcaster’s average staffing level fell from 4069 people in 2019-20 to 4030 in 2020-21, necessitating a recent round of redundancies.

The freeze has been partially offset by a $33m package for the screen sector and a $7.6m package over four years to assist SBS in providing enhanced language services, both of which were announced earlier this year, as well as the $44m “Guaranteeing Australia’s Public Broadcasters” package announced in last year’s budget, which runs for three years from 2019-20 and provides supplementary funding for the ABC and SBS.

It comes after the national broadcaster absorbed $254m worth of cuts over four years from 2014, with the more recent freeze used as justification by ABC management to axe the 7.45am radio news bulletin from last week.

The real terms decrease in funding sees the ABC’s total estimated level of government funding — including for general operational activities and transmission and distribution services — range from actual expenditure of $1.099bn in 2019-20 to $1.088bn in 2020-21, $1.097bn in 2021-22,
$1.085bn in 2022-23, and $1.093bn in 2023-24.


Read on here

https://morningmail.org/tightening-the- ... ore-121969

[cods]

How pathetic is this forum when only four people post comment about the
most important budget in decades...
FOUR...
Does this suggest that people are just fed up...
OR have people just given up....

Perhaps they dont understand the goals the budget wants to achieve.

perhaps billy has a crystal ball and can see the future...

just a thought..

I remember being told when this covids first arrived....no one was predicting how long it would take to get through it BUT..

it was suggested 6 months... which back then! Feb was it??? its seemed like that was forever........

or maybe billy has a time thingy like those pollies that give us estimates for the plans they have for 50 years from now..

Australian news really doesnt interest me that much.
Australian politicians react to what is happening all over the world....
They are muppets and the peasants of Australia are days, if not weeks behind the news...
If you wish to watch Channel Seven news which tells us about a cat caught up a tree, or
a car accident on the corner, or a house fire in the suburbs, or maybe a ten dollar per week
reduction in tax by Freakenberg....go ahead....
The budget was all spin..JobSeeker and JobKeeper extended but under the disguise of JobSniffer.
The peasants are still on the bones of their arse, waiting to be evicted at the end of the year....
Nothing will change in Australia whilst everything costs an arm and a leg.....
Rent will still be four hundred bucks a week, petrol will still be an exorbitant rip off,
as is electricity...
AND the peasants will continue to be conned...
AND swallow every word the media whores feed them.....
JObs...jobs...jobs...all subsidised by a trial UBI (Universal Basic Income...)
Laughable......

well that sums up your opinion....what the hell do you expect under these conditions??????....

tell me do you have a crystal ball.....and know exactly when we will have this virus under control???....worldwide of course..

so we can sell and buy from overseas once again...... you seem to think your could do better with your eye s closed..

well tell us what your budget would have looked like.