With that stated, get this.
According to a leaked copy of the next Defence White Paper, Defence is now on the hook to help pay for Labor's spendthrift ways. Certainly fiscal health is a part of Defence, however I don't see any cure appearing on the horizon to stop government's bad behavior.
Burning up taxpayer cash on a fraud known as the carbon tax; declaring war on mining; paying people to breed and a host of other bad government ideas can't end well.
For now though, Defence is there as a convenient fund-site to be robbed, with no valid defence strategy as justification.
Besides the easy slam-dunk reference to collectivism, the current Labor party in charge shares traits not unlike a racketeering criminal enterprise. It reminds me of a Sopranos episode where Tony's crew gets a government loan with a front-man that owes Tony, to buy run down houses to fix them up for a public housing program. Then, Tony's crew get some known-associates to go through every house and strip it of copper-piping and other raw materials (at taxpayer funded, "contractor" hourly labour rates). Then the front company vanishes.
I don't have a problem with someone voting for either party. I'm not even anti-Labor when you look at some of the true definitions of said party. Not my cup of tea, but it is a free-country (sort of). What bothers me is the obvious corruption and soaking of the taxpayer that can only ruin this great nation.
As for some of the "Sopranos" in this country? They go to the back bench and get $140k per year, of your money, for the rest of their life after politics. Great "work" if you can get it. It is all for the "working families" you know.
Now shut up and row.
1 comment:
Where has the money gone? In 2007, the net debt for the government was about $80 billion, consisting mostly of unfunded liabilities,(Superannuation) after taking into account the balance in the Future Fund.
There was no deficit, and about $20 billion in cash in the bank. Basically no government bonds on issue.
After five years, $258 billion worth of securities are on issue.
http://www.aofm.gov.au/
Unfunded liabilities have also gone through the roof, and approximate $130 billion.
http://theconversation.edu.au/explainer-what-are-unfunded-liabilities-9924
Total incompetence with regards to money mention, with that excessive expenditure doing what?
Then we have the nonsense from the Treasurer stating that there had been problems with government income. Absolute nonsense, the only problem being excessive spending.
An analysis of the publicly available figures from the government website are as follows:
Key Findings
1. Average revenue as % GDP for Coalition budgets is 0.32% higher than Labor
2. Average expenditure as % GDP for Labor Budgets is 3.85% higher than Coalition
3. If Labor kept spending as % of GDP at average level of Coalition then would have delivered surplus in 3 out of 4 budgets
4. Analysis clearly shows deficit results from large increase in spending as % of GDP
as opposed to revenue falling
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