RHP

RHP User

M44

Who are you voting for?

June 29 2016

I'm about to go vote early because I̶ ̶d̶o̶n̶'̶t̶ ̶w̶a̶n̶t̶ ̶m̶y̶ ̶w̶e̶e̶k̶e̶n̶d̶ ̶i̶n̶t̶e̶r̶r̶u̶p̶t̶e̶d̶ ̶b̶y̶ ̶t̶h̶i̶s̶ ̶s̶h̶i̶t̶ *ahem* I just found out that I am going away this weekend. I am thinking I might Nick Xenophon team in the senate as it seems like he takes each piece of legislation on it's merits, I like that and wouldn't mind it if he had a few more senate votes to throw around. I dunno about the lower house. My local member is Ian Goodenough and it's hard not to vote for him just based on the name. And he has a delightful smiley face :) I suppose I should take it more serious than that though. Really I think I might just cross all the boxes because don't they get funding for every vote they receive? I don't appreciate compulsory voting. I want to like Malcolm and for him to have a fair go with it but I am finding it hard. I really want him to explain why the ABCC bill is important enough to call a double d and address the counter suggestion of including all industry sectors in a corruption commission watchdog. That said, I really don't care who forms government. If Ol' Mal gets in again, as I'm expecting, I won't mind him having a full term to do his best. If he doesn't, well he can only really blame himself. Labor probably does more for me directly.

Comments

  • RHP

    RHP User

    9 years ago

    For those unsure, there is a vote compass on the ABC site, that asks questions about where you stand on big policy issues, and shows were you are in alignment with the major parties. Let's just say I'm liberal (small l), progressive, and left aligned. If I was a gambler, I'd put my money on the Liberal party, and only because I think many see don't want another change of Prime Ministers. And I vote below the line, because I like it :)

  • RHP

    RHP User

    9 years ago

    Really I think I might just cross all the boxes because don't they get funding for every vote they receive? I don't appreciate compulsory voting. I can't vote as I'm Kiwi. But, why would you want to tick all of the boxes to give them more money and waste more tax dollars. I reckon you pick the one you want and that is it. (Don't like these secret deals they do) If they are not good enough for the main vote then they don't deserve it. IMO

  • RHP

    RHP User

    9 years ago

    Quoting 'Single_Guy4U' Really I think I might just cross all the boxes because don't they get funding for every vote they receive? I don't appreciate compulsory voting. I can't vote as I'm Kiwi. But, why would you want to tick all of the boxes to give them more money and waste more tax dollars. I reckon you pick the one you want and that is it. (Don't like these secret deals they do) If they are not good enough for the main vote then they don't deserve it. IMO The idea behind crossing all the boxes is that it wouldn't be a legal vote, and could not be tampered into a legal vote. I also don't like all the secret deals and the requirement to number them all. Or, in the case of the senate, at least 6. I had only heard of 4 of them.

  • RHP

    RHP User

    9 years ago

    This is the first time I'm refusing to vote and am happy to cop a fine. The ALP hold all records for what is considered bad ie; unemployment. interest rates, debt ( gross and net). The ALP have managed a massive 3 surpluses since the 30's!, which is why Swan was sooooo keen to get one...lol. Turnbul refuses to tax the big corporations which is dumb considering we have a huge debt, and I don't like the way he is fucking around with super......so I'm out.

  • RHP

    RHP User

    9 years ago

    and often :)

  • RHP

    RHP User

    9 years ago

    In this country, I think you've nailed it and fortunately I won't cop a knock on the noggin for voting or not albeit am entitled. The last time we had it right here goes back to Johnny Short Pants and Sir Costello in those disastrous days when we actually did have a surplus budget. I had the pleasure of a lunch with a small group of other execs when Costello outlined three situations... continuing surplus, even with the boards and a deficit. Save for the month, he was right across all three overviews. Abstention is vote! Now then... pray for the world if it becomes another Trump asset!

  • RHP

    RHP User

    9 years ago

    many Australians don't understand that a country's budget is nothing at all like a household budget and the fixation on having a surplus is one of the red herrings that politicians - particularly the Liberals - like to throw around to hide the real issues. The amount of spin and bullshit we're fed by those with vested interests is absolutely mind boggling and most people don't have the time or inclination to dig any deeper to see what actually lies underneath it all. As for spending, something else the Libs won't tell you is that Johnny Howard was actually one of the biggest spenders... throwing welfare at the middle class, wasting most of the profits from the mining boom, and setting the stage for events that have led to the economic state the country is now in. The Libs love to talk about what wonderful economic managers they are...what they are wonderful at is talking bullshit and covering their lying arses. Labor don't impress me much these days either but I'll still take them over the Libs any day. Won't state who exactly I'm voting 1 for but I suspect most could work it out

  • RHP

    RHP User

    9 years ago

    He knowingly and purposefully fucked up one of the most important infrastructure projects in the country's history to appease his corporate and political cronies....I wouldn't vote for him to run a chook raffle.

  • RHP

    RHP User

    9 years ago

    Well spoken and if I could put that into a short context... we're basically fucked no matter how or whom gets the vote. Australia is an incredible country, yet young... that said our future is in front of us rather than being a fact of history. It will be individuals like you that help keep the dream alive. Be well... always.

  • RHP

    RHP User

    9 years ago

    Quoting 'MidnightCruisin' Well spoken and if I could put that into a short context... we're basically fucked no matter how or whom gets the vote. That wasn't really my point. People do have options other than the two major parties, but at heart Australia is still quite a conservative country and we don't really embrace change very well so the Libs and Labs continue to dominate and play tag team. The media also takes much of the blame here in being so selective about what it feeds to the public... particularly the Murdoch propaganda machine. Anyway I don't believe the two majors are just as bad as each other, as I said I'd still much prefer Labor even though I don't agree with many things they're doing these days (they also need to get rid of Boob Shartpants and get someone with a spine out the front).

  • BacioCouple

    BacioCouple

    9 years ago

    How about the sex party? And we say that with only a half-pun in mind... haven't heard a lot from them this election.. not sure who they would mostly align with to be honest....

  • RHP

    RHP User

    9 years ago

    Turnbull *had* my vote over Abbott, and over Shorten, but now he's leader the powers that be in the Liberal Party have obviously told him the first two rules of Liberal fight club... thall shall not talk about climate change (anymore)... Labor only seems to be able tell me that I should vote for them because they aren't going to do what the Liberals are (and perhaps aren't) going to do. I.e. Standard opposition tactic, and often enough successful, but only if the incumbents are bad enough. Their slogan could be: Vote 1: Not The Liberal Party. But being a "bloody leftie" I do lean their way more... sometimes. Also, recent LNP advertisements are anti-minor parties, telling us how awful they are, including independants (as it happens, about the only bi-partisan stance). Labor has been using automated telephone calls with pre-recorded messages telling us their (as opposed to the LNP's) propaganda. I got *them* (plural) last Saturday. SO... no vote for the major parties for me, they will go as close to last as practical.

  • Grouse33

    Grouse33

    9 years ago

    Is that if George Christensen or Peter Dutton lose their seats, that will be enough reason for me to party. But I have got the Dan Kelly song 'Drunk on Election Night' cued for what will probably be Turnbull's victory speech.

  • RHP

    RHP User

    9 years ago

    Daffy Duck always seems to be on my ballot paper...... But.... That doesn't mean he gets my vote either :) - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    I really love it when you talk dirty 😝 aka nice posts, you bring up some interesting points.

  • RHP

    RHP User

    9 years ago

    Gets my vote, plus I'm also "smuggling in a black biro", with which to scribble. Also.....I intend to draw a large cross (with my black biro) through the rest to prevent any tampering by Santa's Helpers out back Though, I reckon the whole thing is rigged & fudged anyway ; since those bums who actually end up on seats, are already predetermined by big brother & not , in fact, by our votes. Despite us all trotting off to vote like sheeple , we dont really decide who represents us,..... We get who we are given & who best serves the Corporate/Wealthy Sector. My humble opinion anyway. Enjoy the rest of week. Ysa x - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    To vote for an erection..makes an L of a difference and far more meaningful when it comes to dicks 👿Q

  • RHP

    RHP User

    9 years ago

    Quoting 'Grouse33' Is that if George Christensen or Peter Dutton lose their seats, that will be enough reason for me to party. No surprise that George Christensen managed to get in in this region. Same as how Bob Katter has been able to hold his seat for so long. I swear the heat up here does something to people's brains

  • RHP

    RHP User

    9 years ago

    Apparently 98% for one major party, and 64% for the other. I didn't realise I had so many things in common with one of them? But it told me what I already knew 😉

  • RHP

    RHP User

    9 years ago

    I tried logging in to the ABC site.... But I just couldn't navigate it using only the left eye and ear. 😎 - Posted from rhpmobile

  • tall60

    tall60

    9 years ago

    Unless you live in a marginal electorate, it's highly likely your vote won't count for much in the house of reps. I'm in a blue ribbon liberal seat...so my incentive is to vote labour or greens to create some sort of countervailing power which the party numbers people may take some account of...my vote won't have any impact on seat numbers in the house of reps. In the Senate I guess my vote can matter more...again I like the idea of countervailing power...I like the idea of a house of review, which can alter or modify some of the governments settings( if needs be). I can't understand why the politicians are frustrated by having to deal with independents or minor parties...that's what politics is about...persuading and negotiating other politicians as well as the public. One thing that irks me are the published polls about preferred prime minister and 2 party preferred voting preferences...we, the public don't elect the PM and we don't vote 2 party preferred ...my minor vent

  • tall60

    tall60

    9 years ago

    Any politically incorrect women 55 years plus living in Melbourne who would like to further discuss politics life and all, feel free to contact me..if u vote for, or are a member of the sex party, all the better...bob

  • RHP

    RHP User

    9 years ago

    Quoting 'countrytouch' Labor only seems to be able tell me that I should vote for them because they aren't going to do what the Liberals are (and perhaps aren't) going to do. I.e. Standard opposition tactic, and often enough successful, but only if the incumbents are bad enough. Their slogan could be: Vote 1: Not The Liberal Party. But being a "bloody leftie" I do lean their way more... sometimes. That's a fair criticism and frustratingly typical of opposition parties. As a counter point, shorty Shorten hit me with a well timed radio ad on the way in about what he intended to do to create jobs in WA which was impressive. The obsession with budget surplus vs deficit annoys me too as I don't think pulling money from the economy by way of the government extracting a surplus is the right move at the moment. It was the right move early mining boom as Howard and Costello did, and credit to them. But Labor during the GFC also did the right thing buy pumping money in. I think it should also be remembered that Howard paid down a $96 billion debt largely by selling Telstra for $72 billion. Economical things like unemployment, budget position, interest rates run on cycles longer than the electoral cycle and are heavily influenced by external factors in the world economy. I find the Liberals to be disingenuous in their attacks on Labor about those things and that insults my intelligence. FWIW, I donkey voted in the lower house and went Xenophon team, independents, a few randoms I had never heard of and Labor snuck in at 6 for the senate

  • RHP

    RHP User

    9 years ago

    Quoting 'PepperRose' And I vote below the line, because I like it :) And I don't know which party I'd prefer to be in power but I wouldn't be disappointed if we had a minority government again.And I hope there is enough independant senators get up to hold the balance of power. In spite of what we have been told about the minor parties being obstructionist I think the Ricky Muirs and Jacqui Lambi's ( I must add that I was not initially impressed) have done a good and thoughtful job of providing the "average" Australian view on legistration. Vote early and vote often...........or may be use the good old protest vote and draw a cock and balls on the ballot paper

  • RHP

    RHP User

    9 years ago

    I know that the world would continue just as nicely without politicians, if not better. We wouldn't even notice they are not here. Economy wouldn't stop. Services wouldn't stop. If they privatise everything, what is the point of having them really? I am willing to pay my taxes so everyone gets services they need. There is a myth that circulates how rich people, when given opportunities create more growth. Nothing is further from the truth. There is an insightful speech "Rich people don't create job: by someone who is rich, Rick Hanauver on TED (YouTube) I would suggest anyone who is interested in how economy works, to hear it. If you earn 2 mil or more, then you and Mr Turnbull have common interest. All they can do is scare you with the world "volatile and uncertain" (Ms)

  • RHP

    RHP User

    9 years ago

    please don't have any regrets if the election doesn't go how you wish or anticipate. Remember no one knows you are having a silent protest. Just ask all those from the Brexit vote who are now complaining they didn't think their vote (or non vote) would have an impact on the result. I have already done an early vote and am thankful I live in a country where I get a say as part of a democracy. Even if you don't like the options of the bigger parties, do your homework and vote for the independents or smaller parties that might make you happy you had your say. JMO LG

  • RHP

    RHP User

    9 years ago

    Quoting 'SoftandCurious' Apparently 98% for one major party, and 64% for the other. I didn't realise I had so many things in common with one of them? But it told me what I already knew 😉 The results were a pleasant surprise to me. The quiz really gives a good platform for considering how important the major issues are to you individually, not just the ones highlighted in the political ads. If the quiz was part of the voting process we would get a better understanding of who or what we are voting for with each major party. I personally don't think the general public is aware of where each party actually stands on a lot of issues. They are too busy bad mouthing each other. Thanks Pepper Rose for mentioning it and well done ABC for producing the quiz. LG

  • RHP

    RHP User

    9 years ago

    Quoting 'Stirry' Daffy Duck always seems to be on my ballot paper...... But.... That doesn't mean he gets my vote either :) - Posted from rhpmobile I was hoping I could vote for Boaty McBoatface :) (Google it if you need) ;)

  • RHP

    RHP User

    9 years ago

    Turnbull broadcast today saying: "A vote for Labor, the Greens, Independants or any other minor parties, is a vote for instability". Ok... you want Australia to become a one-party state, sounds reasonable enough to me... excuse me while I go move to China, or perhaps North Korea even? Let's just skip this voting thing and put Libs in all seats. Seems I'm glad I voted the way I did today, only putting the extremist right (eg Rise Up and others) below the major parties.

  • RHP

    RHP User

    9 years ago

    "The obsession with budget surplus vs deficit annoys me too"..........lol it annoyed the greeks, irish, Italians and Spanish. I'm fairly certain that these people would have loved to have seen a surplus every now and then instead of endless debt. American infrastructure has gone to the dogs.......why?.........cause they haven't had a surplus in generations. All of the ALP's "success" was built upon Liberal monies or debt, that's a fact. The only time the ALP made money was in the mid 80's and it lasted for just a year. The ALP have never ever left government without debt since its inception. All European countries that got fucked up during the GFC were Socialist, including England. The only country that faired well was Germany, a conservative government.The bullshit line that the Libs have tripled the debt is a quote from Penny Wong, its totally disingenuous as the "debt" has all of the ALP's former polices factored into the equation like the NDIS and NBN, plus money borrowed to pay off the interest. Its total bullshit to claim that Costello spent more than Swan as they were neck and neck when it came to spending the percentage of GDP. Wayne Swan got an award for not making money!...LMFAO....awesome, he started with 10 billion in the coffers and ended up with 165ish billion in debt, yes that gets an award. Swan put Keating to shame in the debt stakes. The AAA credit rating was a joke as 2 of those credit rating agencies are being sued the world over for giving fraudulent certificates and are being blamed for the GFC through starting the sub-prime mortgage crisis. Keating inherited a 1.6 billion debt form howard and turned it into 8.3 billion within a year, and of course it ended up being a 90 billion dollar debt when Keating was turfed out. So Keating put 930.000 people on unemployment benefits and Swan gave us 165 billion dollars worth of debt, yes I understand that making money is not the be all and end all however it helps to make a dollar every now and then cause if you don't then we are all fucked.........and under the ALP we are all fucked cause it all has to be paid back and historically they have never done that.

  • RHP

    RHP User

    9 years ago

    I voted early to avoid the queue. Best of luck to the rest of you, may your vote count.

  • RHP

    RHP User

    9 years ago

    For those interested, the ABC election site, has links to all of the parties (including minor and micro) websites. I think it would probably list each parties 'how to vote' as well, which gives insight into a parties preference dealings ABC site / federal election 2016 / guide / senate. Listed by state, you can see all your states senate candidates and each party website is linked from there. This is where to find their policy information, rather than depend on MSM The minor parties aren't quiet at all. They all tend to be rather active on social media. Happy voting :)

  • RHP

    RHP User

    9 years ago

    I've been working at pre poll for a couple of weeks, bit of extra coin ( or added tax return haha) and l believe democracy is important, is the system perfect no but there are many more people in the world without a chance to vote freely. If you vote early your asked "Are you eligible to vote early in this election" yes is the only answer required, no explanation needed. When you receive the ballot papers you are marked off as voted, if you choose to mark boxes or not is your choice. Fold and place in ballot boxes, no one checks or is allowed to check your papers unless you make a error and ask about changes to the paper. You'll be told the senate is "A minium of 1-6 above the line or a minimum of 1-12 below", marking 1 in only one box above the line counts (under Saved Provisions) and no preference votes are offered. There is very tight auditing and no funny business out the back, hard to believe l know but true. All informal votes (incorrect and not counted) are put to the side and observations made. The AEC and party scrutineers view and note them. They get the message. Don't forget you have the option to mark all the boxes (above or below the line not both) and yes NSW l saw how many candidates you have. Mark all the boxes and the preference vote trail has to be followed, could be fun? Personally l voted on the first pre pole day so the hype doesn't matter and if you don't expect to much from them they won't disappoint you. After voting (so l am impartial saying this) l came across the Health Australia Party, looked at their webpage found the local candidate and found them interesting. All the best comrades

  • RHP

    RHP User

    9 years ago

    Well I'll be voting labour as anyone who brings in a Comission with more powers than the police just for an every day construction worker while turning a blind eye to the corruption at the high end of town, and enabling the rich to get richer with tax cuts etc while cutting essentials for the everyman is never gonna get my vote. If I had my way all politicians would be cast under the same rules as the rest of the working stiffs in this country and only able to acces their super upon their retirement which would be the same as all of us. No benefits for an outgoing PM...back to the workforce like the rest of us. Until the people themselves take a stand though this'll never happen. So I'll stick with Labour, chiefly because they don't seem stuck in the middle ages when it comes to the NBN and at least look like they actually care about those in need.

  • RHP

    RHP User

    9 years ago

    But it's ok to look after people....but who is gonna look after the country that is supposed to make the money to be able to look after its people?? I don't know either..... I also don't agree that the country's economy is any different from the household budget.....you can't spend outside of your means without consequence......but i also believe that debt is just part of life.....we use debt to afford the things we desire and need; house, car, etc.... So it's a necessary evil.....

  • RHP

    RHP User

    9 years ago

    I'd never heard of that party. I looked into them, they used to be called " Natural Medicine Party". This line is interesting, from their policies "The HAP believes that natural medicine should be placed on an equal footing with pharmaceutical medicine." Read an article where AMA has commented on them, especially their choice of name. They are first on NSW senate ballot paper. So I suspect they'll get a lot of votes, even from people who don't know or support their policies. I will be interested to see what sort of votes they get.

  • RHP

    RHP User

    9 years ago

    Loves it!! Looks legit way to vote to me :) Scotch finger = Labour (The safe, classic biscuit, that seems like a good choice - until it breaks under pressure.) Shortbread cream = Australian Liberty Alliance! (You like white. And only whites.) Kingston = The Nationals! (A staple throughout the years and something that only your grandma gets wildly excited about.) Arrowroot = Christian Democratic Party! (You’re old-fashioned and nobody really likes you all that much, but for some reason you just keep sticking around.) Monte Carlo = The Liberal Party! (The combination of jam and cream is like the Coalition; a combination of traditional, boring things liked by white people.) Iced Vovo = Australian Sex Party! (Nobody really knows what you’re all about, but nevertheless you’re popular.) Orange slice = Katter’s Australian Party! (Picking Orange Cream and Katter’s Australian Party only means one thing: literally, you’re the only one that would pick this.) Butternut snap = Nick Xenophon Team! (WTF is a Butternut Snap? WTF is a Nick Xenophon?!) None = Australian Greens! (You were lost to Arnott’s when it was acquired by an American company in full. And all that sugar? Ugh, please.)

  • RHP

    RHP User

    9 years ago

    /me inserts quote marks and vague reference to another site, in above post. o.O

  • RHP

    RHP User

    9 years ago

    Will you be collecting a Superannuation when you retire? You can thank the Left for that! If it was up to the Right you'd actually be retiring with a used sheet of cardboard in a backstreet or under an overpass somewhere. So thank your lucky stars. Your vitriol is an insult to the millions of Workers who built & died whilst building this Country so that you can enjoy the quality of life available today. A little respect for those Generations thankyou. It's not all about you. - Posted from rhpmobile

  • LeMerovingien

    LeMerovingien

    9 years ago

    Quoting 'PepperRose' Loves it!! Looks legit way to vote to me :) Scotch finger = Labour (The safe, classic biscuit, that seems like a good choice - until it breaks under pressure.) Shortbread cream = Australian Liberty Alliance! (You like white. And only whites.) Kingston = The Nationals! (A staple throughout the years and something that only your grandma gets wildly excited about.) Arrowroot = Christian Democratic Party! (You’re old-fashioned and nobody really likes you all that much, but for some reason you just keep sticking around.) Monte Carlo = The Liberal Party! (The combination of jam and cream is like the Coalition; a combination of traditional, boring things liked by white people.) Iced Vovo = Australian Sex Party! (Nobody really knows what you’re all about, but nevertheless you’re popular.) Orange slice = Katter’s Australian Party! (Picking Orange Cream and Katter’s Australian Party only means one thing: literally, you’re the only one that would pick this.) Butternut snap = Nick Xenophon Team! (WTF is a Butternut Snap? WTF is a Nick Xenophon?!) None = Australian Greens! (You were lost to Arnott’s when it was acquired by an American company in full. And all that sugar? Ugh, please.) Well I can't eat any of those so... oh wow Greens. Guess my allergies don't lie.

  • RHP

    RHP User

    9 years ago

    Quoting 'Stirry' I also don't agree that the country's economy is any different from the household budget..... Google 'why a country's budget is different to a household budget'. Plenty of info.

  • RHP

    RHP User

    9 years ago

    A couple of excerpts from an article by a research economist from Melbourne Uni (article titled 'Why the federal budget is not like a household budget'). Everyone understands that governments can create money. Most people also understand that governments don’t just create all the money they need for all the things people want because it would cause inflation. Inflation is the devaluation of money. If you have a really good season for growing apples and there is a glut, the price of apples falls. Similarly, if you have a glut of money, the price of money falls. That’s inflation. So, here lies the key insight. Inflation is the limiting factor for government expenditure, not taxes or borrowing. A government that can create money doesn’t need your money from taxation or from borrowing in order to spend. There is no limit to how much money a sovereign government can spend, but if government spending plus private spending exceeds the productive capacity of the economy then you get inflation. The real calculation faced by government should not be about how much money the government has – it has an infinite amount. The calculation should be about the capacity of the economy to absorb government spending without driving inflation. ... Until people understand the basic realities of monetary economics we cannot have a meaningful discussion of government finances. Rather than worrying about deficits and surpluses we should be asking whether the economy would benefit from greater or lesser government expenditure or taxation. This calculation balances unemployment, spare capacity, and the need for infrastructure and services against inflation risk. It’s a complex calculation but the underlying principles are pretty straightforward. Let me just restate for emphasis: the need for balanced federal budgets is a myth. Like many myths, it does have some factual historical origins. Back when currencies were backed by gold it was possible for governments to go broke. Because modern currencies are not backed by anything material, sovereign governments cannot run out of money and can never be insolvent in their own currency. Somehow, mainstream political thinking hasn’t kept up with the dramatic changes in the monetary system that occurred more than 40 years ago. The first of our politicians to really understand this and to communicate it effectively to the public will have at their disposal the tools to completely reshape our economy for the better. I know politicians can be slow off the mark but 40 years is long enough. It’s time they caught up.

  • RHP

    RHP User

    9 years ago

    The Governments forecast of inflation rates are up to 3% maximum and they will spend money accordingly. Also interest rates will not raise significantly for many many years to come if the reserve bank estimates are anything to go by. Cutting company tax rates is a good strategy if they adopt other govt policies which will encourage investment in people and expansion of businesses rather than the tax break going off shore or go to sit in some shareholders raining day money. Malcy isn't too bad, shame I disagree with many of his party's policies. If only he didn't have to appease all those right wing nutters. I am totally opposed to both main parties refugee and asylum seeker policies on humanitarian grounds. Not sure I can vote for either one with a good conscience. I am still undecided.

  • RHP

    RHP User

    9 years ago

    I am so busy these days that I haven't seen any coverage or articles at all about party promises and policies. All I have seen is Malcy saying he can provide a stable govt and will protect our borders. Both comments have me totally underwhelmed

  • RHP

    RHP User

    9 years ago

    Quoting 'Luck_Dragon' A couple of excerpts from an article by a research economist from Melbourne Uni (article titled 'Why the federal budget is not like a household budget'). Everyone understands that governments can create money. Most people also understand that governments don’t just create all the money they need for all the things people want because it would cause inflation. Inflation is the devaluation of money. If you have a really good season for growing apples and there is a glut, the price of apples falls. Similarly, if you have a glut of money, the price of money falls. That’s inflation. So, here lies the key insight. Inflation is the limiting factor for government expenditure, not taxes or borrowing. A government that can create money doesn’t need your money from taxation or from borrowing in order to spend. There is no limit to how much money a sovereign government can spend, but if government spending plus private spending exceeds the productive capacity of the economy then you get inflation. The real calculation faced by government should not be about how much money the government has – it has an infinite amount. The calculation should be about the capacity of the economy to absorb government spending without driving inflation. ... Until people understand the basic realities of monetary economics we cannot have a meaningful discussion of government finances. Rather than worrying about deficits and surpluses we should be asking whether the economy would benefit from greater or lesser government expenditure or taxation. This calculation balances unemployment, spare capacity, and the need for infrastructure and services against inflation risk. It’s a complex calculation but the underlying principles are pretty straightforward. Let me just restate for emphasis: the need for balanced federal budgets is a myth. Like many myths, it does have some factual historical origins. Back when currencies were backed by gold it was possible for governments to go broke. Because modern currencies are not backed by anything material, sovereign governments cannot run out of money and can never be insolvent in their own currency. Somehow, mainstream political thinking hasn’t kept up with the dramatic changes in the monetary system that occurred more than 40 years ago. The first of our politicians to really understand this and to communicate it effectively to the public will have at their disposal the tools to completely reshape our economy for the better. I know politicians can be slow off the mark but 40 years is long enough. It’s time they caught up. Just a couple of questions. 1 why does the article avoid the issue of debt? 2; if the government has an infinite amount of money then why do governments borrow 100's of billions?

  • RHP

    RHP User

    9 years ago

    I cast my vote yesterday and OP, love your crossed out reason for casting an early vote! It's between the devil and the deep blue sea. I don't think any candidate or any one party is up to scratch. I am always of the belief that there should be a modification on our Democracy - let the real professionals who are well-versed in Economics, Banking and Finance run the budget and guard the purse strings and the politicians can make a mess of everything else BUT the country's revenue and expenditure. Both parties have made a mess of the budget and everyone is interested in saying things that they believe the electorate wants to hear, and so expenditure goes up, up and up in a bid to woo voters ... but who truly cares about bringing in the revenue? Everyone wants to have a pecuniary interest but at times, in order to get the budget back into the black, sacrifices will have to be made, and greed has to be addressed. Politicians want to stay in power and so no one wants to enforce tough measures that will address the budgetary imbalance for fear of offending any one group and losing their support and votes. It will be impossible to please everyone but I think there is a real problem if we are spending more than we are making, and if stimulus measures are apparently failing and not producing the economic growth and employment growth that we sorely need. A country's economy should not be fodder for interference by politicians who know not much about fiscal management.

  • RHP

    RHP User

    9 years ago

    Quoting 'Ysabel2015' Will you be collecting a Superannuation when you retire? You can thank the Left for that! If it was up to the Right you'd actually be retiring with a used sheet of cardboard in a backstreet or under an overpass somewhere. So thank your lucky stars. Your vitriol is an insult to the millions of Workers who built & died whilst building this Country so that you can enjoy the quality of life available today. A little respect for those Generations thankyou. It's not all about you.Ummm what on earth has that got to do with what I posted? .....are you saying its ok to go into record debt to make your dreams come true?.......and never pay that debt off?.........also you have drawn a very long bow in assuming that all workers support the ALP. The quality of life I enjoy today is a direct result of a prosperous country and not a country eternally laden with debt., which is what the ALP offer. The ALP have had some fantastic ideas that are always completed and funded by the Libs........the snowy river mountain scheme is a great example. Even Bob Hawke saw that Whitlams medicare was a financial disaster and changed it, Keating saw that Whitlams free university education was a financial disaster and changed it. Again all of the ALP's success was funded by debt and Liberal money, not because they are economists. Please tell me what happens when the debt repayments are larger than revenue?.......lol I thank my lucky stars that the ALP were booted out before we became like Greece, Ireland and Spain, and so should you.

  • RHP

    RHP User

    9 years ago

    Quoting 'social_suicide' Just a couple of questions. 1 why does the article avoid the issue of debt? 2; if the government has an infinite amount of money then why do governments borrow 100's of billions? are just excerpts, I would suggest that you find and read the whole article which explains more and as I mentioned there are many other articles that have been written about this topic. The article explains that in reality governments can't just create and spend as much money as they want to because of inflation. However, in an economic downturn such as the one we're currently in there is certainly capacity for them to spend more without borrowing.

  • MsJonesy

    MsJonesy

    9 years ago

    I am going to vote for my cat...cos he is cute and keeps me warm in winter (there's a joke in there somewhere about two pussys in a bed 😆). And just to keep things lively and entertaining, the dog next door can be deputy PM.

  • RHP

    RHP User

    9 years ago

    This election is silly in a way because people aren't really voting for much change.. it's not like the Rudd or Abbott led elections were there was genuine excitement at the possibilities.. remember the carbon tax? There's no way Turnbull would be the dick to privatise medicare, and I don't think anything Shorten and his team are going on about is going to make much difference in the immediate future.. There's no real reason to vote out the incumbent, not yet.. but now, when Turnbull gets back in, he won't have the majority or freedom to bring in policy that he had (barely), before going into this thing.. Imo either outcome won't bring about much.. I'm waiting for the NT elections, this NT Labor government has to go.. - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    Because they're all lying arseholes and our vote in WA is pointless anyway.

  • MsJonesy

    MsJonesy

    9 years ago

    That's priceless!! My cat may not be able to write, but he is an expert with the mouse. 😆🐁😂🐱

  • RHP

    RHP User

    9 years ago

    All those arguments are history based. In hindsight things could have been done better by all parties involved. How far back should one go to justify things? We can only make our votes count based on the promised future actions of those elected. The current pollies are the ones we have to judge, assess and scrutinize. I don't plan to tell anyone how to vote. We all have our own interpretations on what is happening. Vote for whoever you see as doing the best job in the next 3 years (hopefully there won't be another smoke screen excuse fabricated to cause another double dissolution election!!!) LG

  • RHP

    RHP User

    9 years ago

    Lol - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    You're so correct Ladies . And based on fact not emotion. So agree. Social_Suicide .....You'll notice i didnt state that workers are all Laborites. I didnt think I needed to state the obvious. It has only been in relatively recent times that Workers have started to identify with the Conservatives. Traditionally all Workers always identified with a Labor movement. And whether you wish to remain deluded or not, the fact still remains : "The quality of life you enjoy today is a direct result of a prosperous country - which is the direct result of the back-breaking work done by earlier generations of Workers/Laborites". Not a shred of it would exist without their efforts so you could enjoy that prosperity now. It didn't just suddenly appear and It certainly wasn't gifted by the Right/Liberals/Conservatives etc. Nobody waved a magic wand & everything suddenly fell into place so we could go on to become prosperous. You need to put things in perspective. However you care to spin it, Quality-of-life or Prosperity - is the direct result of the hard graft of the Generations preceding us. I notice you've remained silent about the most important point i made. The one where I reminded you that you would have no such thing as Superannuation if it wasn't for the ALP. You might try to remember that ,when you retire & receive that substantial payout . No ALP - no Super - you wouldnt get to enjoy that "Prosperity" ! Perspective my friend, perspective! - Posted from rhpmobile

  • On_Safari

    On_Safari

    9 years ago

    Bet on the Storm to beat the Show Ponies tonight and woot woot won!!! Unfortunately there isn't much to choose from for the voting public of Australia. I wish Dick Smith was a candidate....but he's not. If I was Prime Minister I'd get assassinated. I loathe doing eenie meenie minee moe knowing that every stroke counts. At the end of the day both parties are working for the same Boss and it's not the voting public of this country. *politics are depressing*

  • RHP

    RHP User

    9 years ago

    No argument here about its[australias economy] complexity that's for sure. I'll have a read between the two car detailing jobs I've got planned.....thanks for that :) - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    I am voting for those that actually give a shit about anything other than their own career. Oh..they don't exist? Well fuck voting and fuck compulsory voting for fuckwit. Give me a democracy where the people's representatives represent the people that elected them. Our democracy is a farce borne out of Party politics that gags and ties anyone with a shred of integrity that may slip through and try and do something moral and just. When was election day? ...

  • RHP

    RHP User

    9 years ago

    Compulsory voting should be scrapped, then those that had a clue would have chance.

  • Smilingwithfun

    Smilingwithfun

    9 years ago

    To point out, my family has been in small business for generations, have worked extremely hard & voted Conservative. They are no less hard workers than those they employed. It has been the hard work of both small business & workers that have made this country. Secondly, just to point out, it was the Conservative Prime Minister Alfred Deakin who introduced the age & invalid pension back in 1908. That's a full 84 years before labor introduced super, gee, who was looking after the worker for all those years?

  • RHP

    RHP User

    9 years ago

    Quoting 'Ysabel2015' You might try to remember that ,when you retire & receive that substantial payout . No ALP - no Super - you wouldnt get to enjoy that "Prosperity" ! many Australians take for granted the benefits we have in this country, such as super, decent public healthcare and schooling, decent public infrastructure etc. Of course I'm speaking in general terms, these things aren't perfect but then again a lot of the problems are related to lack of sufficient funding...again particularly by the conservatives who let's face it would pull Medicare and stop all funding to public schools tomorrow if they thought they could get away with it. They know they can't do it so blatantly though so they just keep chipping away at public services bit by bit each time they're in power, and many Australians seem happy to let them do it. I'd say the people who whinge about government spending would be among the first to cry foul if important public services were to disappear.

  • melbcpl01

    melbcpl01

    9 years ago

    if you dont want to vote why get fined just go in get your name crossed off and walk out simple

  • RHP

    RHP User

    9 years ago

    Was established in Britain by Screaming Lord Such in 1983..they sit in the Welsh parliament and part of their manifesto is to protect dragons..I would vote for that ..Ybur is my dragon name 😈Q

  • RHP

    RHP User

    9 years ago

    Quoting '0z_boy' Compulsory voting should be scrapped, then those that had a clue would have chance. it would likely make it worse. Would you hold the American voting public up as a group of people "with a clue" en masse? Voluntary voting results in candidates targeting the extremes, since it's the extremists with an axe to grind one way or the other that get up and vote. Compulsory voting results in all parties needing to play closer to the middle. Voluntary voting results in "talk back radio" style politicking. This sort of thing is a frequent source of errors when doing polling, it gives you very biased samples.

  • RHP

    RHP User

    9 years ago

    Correct Luck_dragon ! Smilingwithfun......"Yep -Absolutely, Really & Indeed ! That's great news about your Conservative family rolling their sleeves up & getting in "amongst it" with their Workers. The way it should be too. I hope they treated the "engineroom" all well, fairly & equally?! But then, since we here - now, don't actually have empirical proof of that, & since I tend to inherently mistrust the altruistic claims of "Bosses & Company owners", without the benefit of any feedback, or empirical proof to support their claims, I shall withold my full endorsement. Indeed, genuine Workers vote in many different ways & no where did I state that all Workers always followed Labor. My point was a reminder about the traditional roots of the Labor movement. Borne out of desperation & as self protection by the majority - who were the Poor/Workers, who were enslaved & treated cruelly by their Wealthy 'Masters'. Modern Workers in 1st & 2nd World Nations mostly have a very different quality of life than did those Workers responsible for the inception of traditional Labor movement . Though sadly.....Slavery, Suppression & persecution of the Poor/Workers still does exist in many places in the World. And, It has to be said, that where there is smoke there is fire & there will generally be a self-serving Wealthy/Right Wing Interest driving/responsible - either remotely or directly. The Pension? Whilst a good idea,....if only it was now operated here , in the true spirit of it's inception - or in the progressive fashion of those few Nations in the world who genuinely utilise it to improve the lives of their aging Citizens . And, sadly, I can't include Australia in that group. It may well have been introduced by Thomas Deakin, but that is the job of Government - to take care of the Citizens of the Country it manages, irrespective of which Faction they are aligned with. The Conservatives may have introduced the aged pension , but they are also now whittling it away & threatened/warned us some years ago that they would be & are dismantling it too! Which was why the Labor Government actually introduced Superannuation in the 1st place. Because they could see the writing on the wall. It is also the Liberals who are now eyeing off our Super too. The bottom line is, were it not for those Workerbees, no business - Small, Medium-sized or Large would ever get off the ground. A Ship will not transit through water if it has no engine in it. No matter how much of any resource is thrown at the hull & superstructure. If there is no (well-maintained) engine for propulsion, then it is nothing more than a piece of Flotsam. The same analogy applies to Business & it's Workers who are the Engine of any business. No (well-maintained) Workers?! Then the Ship is "dead-in-the-water" ! - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    We are having an Erection night house party, so we will be voting for things like the sexiest lingerie, best costume, best fantasy stories. No tv, Think we will have a more interesting night!

  • RHP

    RHP User

    9 years ago

    We should rejoice i n the fact we can vote ( or not) for whoever we choose without fear of violence and generally most politicians a basically h.onest decent people who mean well at least

  • RHP

    RHP User

    9 years ago

    Quoting 'Ysabel2015' Correct Luck_dragon ! Smilingwithfun......"Yep -Absolutely, Really & Indeed ! That's great news about your Conservative family rolling their sleeves up & getting in "amongst it" with their Workers. The way it should be too. I hope they treated the "engineroom" all well, fairly & equally?! But then, since we here - now, don't actually have empirical proof of that, & since I tend to inherently mistrust the altruistic claims of "Bosses & Company owners", without the benefit of any feedback, or empirical proof to support their claims, I shall withold my full endorsement. Indeed, genuine Workers vote in many different ways & no where did I state that all Workers always followed Labor. My point was a reminder about the traditional roots of the Labor movement. Borne out of desperation & as self protection by the majority - who were the Poor/Workers, who were enslaved & treated cruelly by their Wealthy 'Masters'. Modern Workers in 1st & 2nd World Nations mostly have a very different quality of life than did those Workers responsible for the inception of traditional Labor movement . Though sadly.....Slavery, Suppression & persecution of the Poor/Workers still does exist in many places in the World. And, It has to be said, that where there is smoke there is fire & there will generally be a self-serving Wealthy/Right Wing Interest driving/responsible - either remotely or directly. The Pension? Whilst a good idea,....if only it was now operated here , in the true spirit of it's inception - or in the progressive fashion of those few Nations in the world who genuinely utilise it to improve the lives of their aging Citizens . And, sadly, I can't include Australia in that group. It may well have been introduced by Thomas Deakin, but that is the job of Government - to take care of the Citizens of the Country it manages, irrespective of which Faction they are aligned with. The Conservatives may have introduced the aged pension , but they are also now whittling it away & threatened/warned us some years ago that they would be & are dismantling it too! Which was why the Labor Government actually introduced Superannuation in the 1st place. Because they could see the writing on the wall. It is also the Liberals who are now eyeing off our Super too. The bottom line is, were it not for those Workerbees, no business - Small, Medium-sized or Large would ever get off the ground. A Ship will not transit through water if it has no engine in it. No matter how much of any resource is thrown at the hull & superstructure. If there is no (well-maintained) engine for propulsion, then it is nothing more than a piece of Flotsam. The same analogy applies to Business & it's Workers who are the Engine of any business. No (well-maintained) Workers?! Then the Ship is "dead-in-the-water" ! - Posted from rhpmobile The ALP traditionally were made up of unionists who were traditionally communists, yes there is empirical evidence to satisfy you. The great schism happened in the ALP where the communists split from the ALP and formed their own party. The ALP traditionally had the support of the Catholics then when it was obvious to even the dumbest of citizen's, communism was wholly rejected by the Australian population, and with that the ALP. The catholic vote then went to the Libs as a protest against communism. There is also empirical evidence dating back 100 yrs that says the ALP are shit with money. There is empirical evidence that says the ALP are no good for creating jobs and helping families as they hold all records for unemployment and high interest rates and families ( working families ) loosing their homes. The "engine" that drives the ALP is Liberal monies and vast borrowed money which they never ever pay off......yes there is empirical evidence for that too. Its the workers that suffer when the debt gets out of control, as evidenced by Keating putting 930.000 people on unemployment benefits

  • RHP

    RHP User

    9 years ago

    Batman.. did not see ur name anywhere on the vote 🙁

  • Seachange73

    Seachange73

    9 years ago

    you know when you been on RHP too long and your mind just goes one way.... Listening to ABC tv while making dinner, the political commentators making comments on election progress results... I burst out laughing when one commentator said ' 'I would not be surprised if more independents get more seats and we would end up with a HUNG parliament!'

  • RHP

    RHP User

    9 years ago

    I DON'T GIVE A FUCK Maybe they can give one for me.

  • RHP

    RHP User

    9 years ago

    Today = Electile Dysfunction...the Inability to get aroused over the choices put forward as PM by any of the Major Parties

  • RHP

    RHP User

    9 years ago

    Tell me how much of Australia's mineral resources leave this country in Australian owned and manned ships how much container cargo moves around Australia in Australian owned and manned ships

  • RHP

    RHP User

    9 years ago

    Tell me how much of Australia's mineral resources leave this country in Australian owned and manned ships how much container cargo moves around Australia in Australian owned and manned ships

  • RHP

    RHP User

    9 years ago

    Eureka ! Im so hearing you - as a veteran Australian Seafarer I know exactly what you mean. I won't wasting anymore of my precious breath on the other punter. Ysa :) - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    at least we got rid of our Liberal, but George Christensen aka 'homophobic extreme religious nutter' getting back in still provides evidence for my NQ heat theory

  • RHP

    RHP User

    9 years ago

    Your excerpt implies that the only limit to how much money a government can spend is the inflationary effect does not properly explain that our (and most) governments do not actually create money, they create a debt which accrues interest. This means that unless the money gained from creating that debt is invested into project(s) which generate tax revenue at least equal to the interest on the debt then it is, in effect, a cost carried by future tax payers (presumably for benefits acquired by present tax payers). There is a fairness element to that which is not made clear in the way your quoted excerpt explains the mechanics. It is also something that government budgets have in common with household budgets, i.e. once savings are depleted; any deficit between income and expenses is covered by debt that accrues interest until it is paid back. That said, I definitely don't agree with the simplification that deficit = bad and surplus = good. Just like in household budgets there is potential for good debt and bad debt.

  • RHP

    RHP User

    9 years ago

    As I mentioned when I quoted and also said to social_suicide, those are just excerpts from the article and people are free to read the whole thing and other other information written on the topic which explains things more fully. I'm aware that there are other factors involved but my main point was to address the 'deficit = bad, surplus = good' fallacy because that's what it's become simplified to in the (very poor) political discourse in this country.

  • RHP

    RHP User

    9 years ago

    ..... But what do you think?.... Lol

  • RHP

    RHP User

    9 years ago

    kodos and kang :)

  • RHP

    RHP User

    9 years ago

    SS......that's all still all very underwhelming, out-dated & spurious. Mostly subjective & judging by your language - very emotive for you. :) - Posted from rhpmobile

  • RHP

    RHP User

    9 years ago

    Quoting 'social_suicide' ..... But what do you think?.... Lol I've made it pretty clear what I think. It's not my job to explain the realities of our economic situation to you, if you're too lazy to use google and do some research yourself. However, it's no surprise to me that our political views are very different and I'm happy to accept that they will stay that way.

  • RHP

    RHP User

    9 years ago

    Quoting 'Hank_E_Panky'The sex party because... I DON'T GIVE A FUCK Maybe they can give one for me. Actually I didn't vote for them but it's suitable rhetoric for this thread...Asking who people vote for is somewhat akin to asking how many RHP hook ups you've had...and nobody's business.

  • RHP

    RHP User

    9 years ago

    Quoting 'Hank_E_Panky' Quoting 'Hank_E_Panky'The sex party because... I DON'T GIVE A FUCK Maybe they can give one for me. Actually I didn't vote for them but it's suitable rhetoric for this thread...Asking who people vote for is somewhat akin to asking how many RHP hook ups you've had...and nobody's business.

  • RHP

    RHP User

    9 years ago

    You only have 2 choices.. Liberal or Labor. This time we were instructed we must either tick 6 above the line or 12 below. WTF ? Even if you voted for the Sex Party or Pauline Hanson for that matter , it really means jack shit because they force you to vote for the 6 or 12 meaning at least 1 or more will give their preference to either the Lib's or Labor. That's fair hey ? Bullshit. Malcolm Turnbull is the better oraltor and the better face on the world stage , more so than Bill Shorten. But that's where it starts and ends. His policies are made for the betterment of his wealthy mates , bank excecitive's , insurance companies and the like not to mention the propaganda the media effectively deliver day in day out. Privatising Medicare will ultimately cost us a fortune . I can remember when they privatised Green Slips, telling us the completion between insurance companies would keep prices down. Bullshit , all that done was drive prices sky high . How much was your last Green Slip ? Thetewhen you paid third party with your rego .. As hard as he try's , Bill Shorten falls short on strength of character.

  • RHP

    RHP User

    9 years ago

    I was going to say .. There was a time when you paid a 'third party accident ' fee on your rego. It was always lower than the rego fee it's self , but look at it now. ? Don't tell me privatisation is a good thing .. We all know what these company CEO s get paid. Grrrrrrr

  • RHP

    RHP User

    9 years ago

    Quoting 'S_OnTheLoose' Quoting '0z_boy' Compulsory voting should be scrapped, then those that had a clue would have chance. it would likely make it worse. Would you hold the American voting public up as a group of people "with a clue" en masse? Voluntary voting results in candidates targeting the extremes, since it's the extremists with an axe to grind one way or the other that get up and vote. Compulsory voting results in all parties needing to play closer to the middle. Voluntary voting results in "talk back radio" style politicking. This sort of thing is a frequent source of errors when doing polling, it gives you very biased samples. How did you figure that.Every western democracy has voluntary voting not just USA

  • RHP

    RHP User

    9 years ago

    Vote for one nation and the greens that way thelibs and labour senators might pay more attention to what the people want.

  • RHP

    RHP User

    9 years ago

    No one wants that!