Australian Politics 2015: Hey, big spender!

The only advantage to be a senior citizen in Abbott’s Australia is that those over 65 years of age will have less years than younger folk to live in the midst of any social and economic hardship this scenario below may bring down on communities the length and breadth of  the land.

The Kouk 28 March 2015:

The Abbott government has no intention of ever repaying government debt. None. It has, quite quietly, announced that it plans to keep borrowing so that government debt remains at 13 per cent of GDP right out to at least 2054-55 which means government debt will be $1.6 trillion. Yes $1.6 trillion of government debt.

The decision to keep government debt at this level was buried in the recent Intergenerational Report. The IGR announced that the Abbott government intends to keep borrowing for at least the next 40 years and therefore maintain government debt "at a level equivalent to 13 per cent of GDP... where it will remain over the projection period [to 2054-55]" (See page 83 of the IGR).

Based on the assumption that Australia's GDP will be around $12.5 trillion in 2054-55, at 13 per cent of GDP, the Abbott government is aiming to have government debt at over $1.6 trillion by 2054-55. It currently is around $365 billion. (This is the level of GDP … implied in the IGR based on the assumption of nominal GDP growth of 5.25 per cent per annum.)

Australian Treasurer Joe Hockey needs to come up with a better argument concerning the federal Goods and Services Tax

David Pope in the Canberra Times, 30 March 2015

Brisbane Times 30 March 2015:

Treasurer Joe Hockey says Australian consumers have changed their behaviour so much in recent years, through online shopping and choosing more GST-exempt goods, that they are putting pressure on the GST as a revenue-raiser.

Apparently Joe Hockey is upset that this consumption tax raised $47.4 billion in 2012-13, $50.7 billion in 2013-14 and, is expected to raise $53.7 billion this financial year, $57 billion in 2015-16, $60.4 billion in 2016-17 and another $63.8 in $2017-18.

That’s not good enough for our millionaire Liberal treasurer.

It appears he is rather perturbed that people are still buying GST-exempt basic fresh food, simple dairy products and unprocessed cooking ingredients in their local shops or purchasing online second-hand, handmade or other goods worth less than $1,000.

This is the rather weak excuse he is offering for encouraging the states to believe there should be more in the federal Goods & Services Tax kitty.

The GST is a regressive tax when applied to low income households and no amount of vague talk in the mainstream media about possible ‘compensation’ for pensioners will change that.

Clarence Valley Council's new Water Restrictions Policy on public exhibition until 17 April 2015

Clarence Valley Council media release 30 March 2015:

Changes to water restrictions in the pipeline

A DRAFT policy that aims to cut water use during dry spells has been released by the Clarence Valley Council for public comment.

Council works and civil director, Troy Anderson, said the aim of the draft was to ensure supply never reached critically low levels and the policy complied with water legislation and licencing

requirements.

“Because we share a water supply with Coffs Harbour, we are working with the Coffs Harbour City Council to make sure we have consistent policies, that restrictions on water use are similar and are

introduced at the same time,” he said.

“The main difference between the draft and the existing policy is the number

they affect just about everyone, I of levels of restriction would be reduced from seven to five and these would be given colour-coded name descriptors like the bushfire warning system rather than the current numbered restriction levels.

“Councils across the North Coast will be implementing similar measures so things are consistent across the region.

“The impact on water users will be minimal, but because encourage people to get a copy of the draft and let us know their thoughts.”

Copies of the draft are available at council offices in Grafton and Maclean or at www.clarence.nsw.gov.au. Submissions close at 4:30pm, Friday, April 17.

Water Restrictions Draft Policy (PDF download) – seven pages only

The new colour-coded restriction levels starting with the existing permanent ban on the use of sprinklers and unattended hoses between 9am and 4pm daily represented as Blue:

Revoking a level of water restriction

For all areas supplied from the Nymboida River, restrictions will be revoked when flows in the Nymboida River exceed 225ML/day for 14 days.

For all other instances - restrictions shall be revoked when the reservoirs are full or the localised situation is resolved.  

Tony Abbott doing a pot-kettle-black at Victorian Liberal Party

Australian Liberal Party Prime Minister Anthony John ‘Tony’ Abbott decided to have a go at Victorian Labor Party Premier Daniel Michael ‘Dan’ Andrews with a silly one liner.

“If you can change your name, you can change your mind”  said ‘Tony’ of ‘Dan’ at the Victorian Liberal State Council meeting on 28 March 2015.

Tony not only goes by an abbreviated first name just like Dan, like Dan he uses his full name when required.

In addition, Tony comes from a family where his maternal grandfather underwent a surname change in or after 1916.

Definitely an infantile pot-kettle-black moment for Abbott.