Increasing interest rates all thanks to Liebor

[IQS.RLOW]

http://www.theaustralian.com.au/nationa ... 5982008778

RBA board member Donald McGauchie says the government's spending on stimulus measures and the $35.9bn NBN is forcing the bank to raise interest rates.

Mr McGauchie, the former Telstra chairman, yesterday delivered a stinging rebuke to Labor, accusing it of putting in place fiscal policies that worked directly against the bank's efforts to rein in inflation.

He said Reserve Bank governor Glenn Stevens had "tried to explain that there are real issues around the flexibility in the economy that is being wound back". "We are subsidising industries we shouldn't be subsidising, we are spending money on fiscal stimulus and other things we shouldn't be spending money on and that means higher interest rates than we would otherwise have," Mr McGauchie told The Australian. "He hasn't said it as bluntly as I have, but that's what's happening.

"There's a risk it could get worse because we're now back into a very substantial terms of trade shock, which will aid inflation. If that's being added to by fiscal policy, then monetary policy has to be tougher."

Mr McGauchie, a critic of Labor's decision to build the NBN, said monetary and fiscal policy worked together in the Hawke-Keating Labor government and the Howard Coalition government. "We've now got a situation where they are working against each other because it's being mismanaged at a fiscal policy level," he said.

Toss these useless fucks out right now

Anyone catch Whine Swans little whinge? Boo hoo why is everyone so negative? It's because we can all see the mess you pricks are making of everything. YOU ARE USELESS

[IQS.RLOW]

And after bleeding us all dry and leaving the cupboard bare, Dillard and Swansong are looking to get their filthy hands deeper in our pockets rather than look at their shitty , expensive programs like the massive waste that is the NBN

http://www.heraldsun.com.au/news/specia ... 5990143201

A FLOOD levy is one of the options before the federal government as it considers how to honour its commitment to cover the lion's share of rebuilding costs while preserving the budget's return to surplus in 2012-13.

Any levy would likely take the form of an addition to the 1.5 per cent Medicare levy, which raises $10 billion a year.

Julia Gillard indicated yesterday that the government's obligations to support Queensland would form part of the planning for the 2011-12 budget.

"There's going to be a lot of effort and money and resources needed to rebuild, particularly rebuild Queensland, but we'll be managing the federal budget through the federal government so that we can meet those needs as well as managing the budget into surplus in 2012-13," the Prime Minister said.

Wayne Swan said the government was not yet ready to announce the form of commonwealth assistance, but confirmed it would be a significant burden on the budget

Keep your stinking fucking hands out of my wallet, Wayne you fucking fluffy bunny