Tuesday, 18 December 2018

Andrew Bolt's Blog,18/12/18 The budget lies and distractions; Fact Check;



Yes, Bolt could do this job from a barge in Holland. I often wonder if he is or not. Oh the Bolt Report well when have you ever seen him get up from behingthat desk? (ODT)
Image result for Cartoon sex  politics and budgets
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Really does Bolt actually believe sex outshone the unenlightened budget forecast that Josh Frydenberg presented a forecast based on money yet to be collected that the LNP did nothing for 5 years because when they did present a budget under Tony Abbott it proved to be a scam. Since then it's been and if we collect the forecasted revenue budget? The reality since the LNP gained office is that the National debt has doubled and peoples personal savings have been depleted since wages have been flattened. The country is in a state of debt that we have never seen before.
If the Abbott government was the least active government since John Gorton and it's been a do-nothing leadership since they can't have spent much money can they? They haven't yet they have a  surplus that ought to have been bigger. They have been riding on the backs of the State's infrastructure projects, Immigration and China. This budget, however, is based on Revenue and revenue has increased because of bracket creep, China because it's driven up the current price of coal and oil. Should they fall the government is entirely helpless. They want to reduce immigration but it's one of the only things they have control over but with it comes revenue in the form of taxes so isn't a reduction in immigrants like duh, shooting themselves in the foot reducing the taxes their budget depends on so much?
What is never discussed is how we rate with the rest of the world nations. Australia's GDP had a quarterly increase of 0.30% last Sept qtr placing us 65th in the world. 15th among the G20, 16th among Asian countries and even less than a third of NZ's. 
So the government is in surplus but Australian's are the world leaders in personal debt. Payday lending and credit card debt couldn't be higher and Bolt wants us to believe Andrew Broad has given Frydenberg a bad day because Australian's prefer sex to their day to day economic malaise. Bolt might be perverse but so is someone trying to convince us the economy is in good shape hanging on the whims of China, Trump, and the UK and not in a position to do anything about it but fiddle with forecasts of revenues not collected only predicted.



 FactCheck: has Australia's net debt doubled under the current government?

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