macktheknife
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By selling off the nations assets to enable him to implement vote buying middle class welfare that ultimately did nothing to improve our nations infrastructure, jobs, wealth creation or training?
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Mr
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Dumbed down higher education. A crime that we will pay for over and over again
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Joffa
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Howard’s legacy questioned by IMF Posted by Unconventional Economist in Australian Economy, Featured Articleon January 11, 2013 | By Leith van Onselen Fairfax’s Peter Martin has today published an interesting summary of Internationally Monetary Fund (IMF) research, which questions the commonly held view that the Howard Government were sound fiscal managers. From the SMH: AUSTRALIA’S most needlessly wasteful spending took place under the John Howard-led Coalition government rather than under the Whitlam, Rudd or Gillard Labor governments, an international study has found. The International Monetary Fund examined 200 years of government financial records across 55 leading economies. It identifies only two periods of Australian “fiscal profligacy” in recent years, both during John Howard’s term in office – in 2003 at the start of the mining boom and during his final years in office between 2005 and 2007… The IMF study mirrors findings of a 2008 Australian Treasury study that found real government spending grew faster in the final four years of the Howard government than in any four-year period since the 1990s recession. The number of spending decisions worth more than $1 billion climbed from one in the first Howard budget to nine in the last. The proportion of savings measures fell from one-third of budget measures at the start of the Howard era to 1.5 per cent at the end. For what it is worth, I mostly agree with the IMF’s conclusion. The Howard Government presided over the biggest private debt boom in Australia’s history and, in its later years, one of the biggest terms-of-trade booms. These two events meant that the Australian economy grew strongly and fostered strong growth in both employment and incomes. Importantly, it also flooded the Government with tens of billions of dollars worth of extra taxation revenue – via increased personal, company and capital gains taxes (as well as lower welfare spending) – which it spent on a range of questionable initiatives and middle class welfare. Put simply, it was easy for the Howard Government to look like sound financial managers when, through good luck, its revenue base expanded inexorably thanks to the unsustainable expansion in private debt and the once-in-a-century commodity boom. To be fair, similar criticisms can be targeted at some of Australia’s state governments (e.g. the Bracks/Brumby Governments in Victoria), which benefitted similarly from the huge (and unsustainable) surge in stamp duty receipts and GST revenues. They, too, looked like sound managers by virtue of the fact that their revenue base expanded inexorably and their budgets remained in surplus, despite a raft of questionable (and costly) spending decisions. http://www.macrobusiness.com.au/2013/01/howards-legacy-questioned-by-imf/
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rusty
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afromanGT wrote:rusty wrote:afromanGT wrote:While I agree with the points your making - after all, if someone crashes their car into your yard it's not your fault - that doesn't excuse the current attitudes of our incumbent political leaders (both Rudd and Abbott). More needs to be done to put pressure on Indonesia to stop these people from leaving Indonesian waters in vessels that aren't even designed to float in my bathtub let alone open seas. The finger needs to be pointed at the source of the problem, not the end product. I get the feeling Abbott is a realist and pragmatist, at least he's not wasting time shedding crocodile tears and is out there talking about solutions. I doubt there will be much progress putting pressure on Indonesia, they aren't even signatories to the refugee convention and they are happy to get asylum seekers off their hands onto ours. I think if Abbott gets in they will cooperate with Australia on turning boats around, as they will realise that will stem the flow of asylum seekers passing through Indonesia on route to Australia. Nigga please, a guy who wants to "turn the boats around" is not a "realist" and has no comprehension of the issue what so ever. You CAN'T turn the boats around. Either a) you turn the boat around and leave them on the edge of Indonesian water with enough fuel to get back to land - in which even they'll turn back around for Australia and we'll have to rescue them, b) you leave them on the edge of Indonesian water with no fuel and set them adrift - not only against maritime law but also means we'll have to rescue them, or c) they'll just scuttle the ship and then we'll have to (yep, you guessed it) rescue them. Turning the boats around is not an option and anyone who believes that it is has no idea about human behaviour, international politics or maritime law. Well it seems you have no idea about history. They turned several boats around successfully during the Howard era, that policy alone virtually eradicated people smuggling . People aren't going to pay a criminal $10k for a return half day trip. I have no idea how they would execute it but the Navy would and they presumably adopt a similar strategy the one they used last time. So all this pessimism and scorn towards turning back the boats is unjustified. On the contrary, it's proven to work and anyone who believes it doesn't has no idea about human behaviour, international politics and maritime law.
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afromanGT
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Mr wrote:Dumbed down higher education. A crime that we will pay for over and over again The government doesn't want people who can think. Thinkers are dangerous. The government wants people who are smart enough to do the menial tasks set before them without hurting themselves and stupid enough to accept this. rusty wrote:They turned several boats around successfully during the Howard era Links?
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batfink
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oh plllleeeaaassseeeee.!!!
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paulbagzFC
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Batfink loved Howard, never saw that coming. -PB
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batfink
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paulbagzFC wrote:Batfink loved Howard, never saw that coming.
-PB didn't say i loved him...but he was a fuck load better than these clowns
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rusty
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afromanGT wrote:Mr wrote:Dumbed down higher education. A crime that we will pay for over and over again The government doesn't want people who can think. Thinkers are dangerous. The government wants people who are smart enough to do the menial tasks set before them without hurting themselves and stupid enough to accept this. rusty wrote:They turned several boats around successfully during the Howard era Links? http://www.news.com.au/national-news/federal-election/turning-back-boats-can-work-says-former-australian-navy-chief-chris-ritchie/story-fnho52ip-1226674740556Did you read about the 60 missing off the southern Java coast this morning? Do you think it's compassionate and humane to encourage people to take these kinds of risks? People on the left will always put ideology and politics above human life, they would rather human life be lost than lose face over admitting a Howard policy era actually worked.
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Joffa
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Quote:Turning boats led to death, violence Lauren Wilson July 09, 2012 12:00AM JUST four boats were successfully turned back to Indonesia under the Howard government in 2001, with seven other attempts abandoned because of riots, fires, threats of self-harm or violence to Royal Australian Navy officers. An analysis of attempts to turn boats back between September and December in 2001 shows most attempts failed, and on seven occasions threats were made to Australian officials trying to implement the policy. http://m.theaustralian.com.au/national-affairs/immigration/turning-boats-led-to-death-violence/story-fn9hm1gu-1226420581377
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ozboy
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Joffa wrote:Quote:Turning boats led to death, violence Lauren Wilson July 09, 2012 12:00AM JUST four boats were successfully turned back to Indonesia under the Howard government in 2001, with seven other attempts abandoned because of riots, fires, threats of self-harm or violence to Royal Australian Navy officers. An analysis of attempts to turn boats back between September and December in 2001 shows most attempts failed, and on seven occasions threats were made to Australian officials trying to implement the policy. http://m.theaustralian.com.au/national-affairs/immigration/turning-boats-led-to-death-violence/story-fn9hm1gu-1226420581377 Interesting pickup. Any way of getting around the paywall?
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rusty
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Joffa wrote:Quote:Turning boats led to death, violence Lauren Wilson July 09, 2012 12:00AM JUST four boats were successfully turned back to Indonesia under the Howard government in 2001, with seven other attempts abandoned because of riots, fires, threats of self-harm or violence to Royal Australian Navy officers. An analysis of attempts to turn boats back between September and December in 2001 shows most attempts failed, and on seven occasions threats were made to Australian officials trying to implement the policy. http://m.theaustralian.com.au/national-affairs/immigration/turning-boats-led-to-death-violence/story-fn9hm1gu-1226420581377 And yet the policy was ultimately a success, according to the ex Vice Admiral of the Navy.
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ozboy
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rusty wrote:Joffa wrote:Quote:Turning boats led to death, violence Lauren Wilson July 09, 2012 12:00AM JUST four boats were successfully turned back to Indonesia under the Howard government in 2001, with seven other attempts abandoned because of riots, fires, threats of self-harm or violence to Royal Australian Navy officers. An analysis of attempts to turn boats back between September and December in 2001 shows most attempts failed, and on seven occasions threats were made to Australian officials trying to implement the policy. http://m.theaustralian.com.au/national-affairs/immigration/turning-boats-led-to-death-violence/story-fn9hm1gu-1226420581377 And yet the policy was ultimately a success, according to the ex Vice Admiral of the Navy. Death is part of defence force activity. No wonder he has such a callous view.
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rusty
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ozboy wrote:rusty wrote:Joffa wrote:Quote:Turning boats led to death, violence Lauren Wilson July 09, 2012 12:00AM JUST four boats were successfully turned back to Indonesia under the Howard government in 2001, with seven other attempts abandoned because of riots, fires, threats of self-harm or violence to Royal Australian Navy officers. An analysis of attempts to turn boats back between September and December in 2001 shows most attempts failed, and on seven occasions threats were made to Australian officials trying to implement the policy. http://m.theaustralian.com.au/national-affairs/immigration/turning-boats-led-to-death-violence/story-fn9hm1gu-1226420581377 And yet the policy was ultimately a success, according to the ex Vice Admiral of the Navy. Death is part of defence force activity. No wonder he has such a callous view. I think callous is having a crack at Navy personnel who risk their lives to save drowning asylum seekers. You must really hate Anzac day.
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afromanGT
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rusty wrote:afromanGT wrote:Mr wrote:Dumbed down higher education. A crime that we will pay for over and over again The government doesn't want people who can think. Thinkers are dangerous. The government wants people who are smart enough to do the menial tasks set before them without hurting themselves and stupid enough to accept this. rusty wrote:They turned several boats around successfully during the Howard era Links? http://www.news.com.au/national-news/federal-election/turning-back-boats-can-work-says-former-australian-navy-chief-chris-ritchie/story-fnho52ip-1226674740556Did you read about the 60 missing off the southern Java coast this morning? Do you think it's compassionate and humane to encourage people to take these kinds of risks? People on the left will always put ideology and politics above human life, they would rather human life be lost than lose face over admitting a Howard policy era actually worked. First of all your link returns an error. Second of all, I never said that I encourage people to take the risks associated with coming over here on a boat. I also don't condone people smuggling. But this isn't solely Australia's problem to fix. There is equal burden on Indonesia and one can't fix it without the other. And that is a grotesque accusation to imply that I or anyone else on this forum believe that political ideology and winning an argument is more important than a human life.
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batfink
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macktheknife wrote:By selling off the nations assets to enable him to implement vote buying middle class welfare that ultimately did nothing to improve our nations infrastructure, jobs, wealth creation or training? that's your interpretation...but at the same time business was booming,surpluses were delivered,debt from a previous labor nightmare was extinguished, and there was a platform constructed that this pathetic,inept bunch of clowns can brag about the position they are in...... go and look at how many education ministers there have been in the 2 terms of this government, how many other portfolio's that have had multiple ministers...not one or two but 6 or 7, many not even lasting a year and it's pretty obvious that we could be as a nation in a much better position that we are....here we had KRUDD wasting taxpayers money on telling us how fucken good he is....comparing us with other nations debt position.....we should be well above that position if it wasn't for the waste and incompetence....
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macktheknife
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It's not an 'interpretation'. It's what happened. First of all, the $96 billion debt included $40 billion from the Fraser-era which just happened to have John Howard as treasurer. :lol: Good on Johnny for finally getting rid of his own debt problem. Some of Howard's great achievements included selling Australia's 2/3rd's of Australia's gold reserve for the rock bottom price of $306 US per Ounce (it's now at $1321 per ounce, great work there Johnny). He also sold Telstra, but failed to structurally separate it. Which means if the Liberal party wins, their fraudband FTTN has to buy back the copper network they sold in the first place. Quote:comparing us with other nations debt position.....we should be well above that position if it wasn't for the waste and incompetence.... Pray tell exactly what waste.
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batfink
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macktheknife wrote:It's not an 'interpretation'. It's what happened. First of all, the $96 billion debt included $40 billion from the Fraser-era which just happened to have John Howard as treasurer. :lol: Good on Johnny for finally getting rid of his own debt problem. Some of Howard's great achievements included selling Australia's 2/3rd's of Australia's gold reserve for the rock bottom price of $306 US per Ounce (it's now at $1321 per ounce, great work there Johnny). He also sold Telstra, but failed to structurally separate it. Which means if the Liberal party wins, their fraudband FTTN has to buy back the copper network they sold in the first place. Quote:comparing us with other nations debt position.....we should be well above that position if it wasn't for the waste and incompetence.... Pray tell exactly what waste. selective much the waste in the solar,insulation,BER,grocery watch,petrol watch, the PC for everyone at school(actually that wasnt waste as they have not yet delivered the promise),the carbon tax that hasnt netted anywhere near what it cost, the mining profitstax that is a massive failure and it goes on and on and on....now we have the ads telling us that Abbotts boat policy wont work and our debt is fine.....well guess what fuckwitt you have been in government for 6 fucken years and only now you think its an issue.....so where the fuck has the government been for 6 years on this issue....asleep behind the wheel...and you can ad the waste of the asylum seekers, mowing lawns,childcare and on it goes...... apathetic...pack of losers.....
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lukerobinho
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McMillan Shakespeare shares dive after Rudd outlines tax change Quote:Shares in salary packaging company McMillan Shakespeare have plummeted more than 50 per cent, as Prime Minister Kevin Rudd's proposed tax changes to car leases begin to bite. After emerging from a week-long trading halt on Thursday morning, the company's stock hit a three-year low, falling 51 per cent to $7.42, wiping $549 million off its market value. Analysts expect they've seen the worst of price erosion, but the exact damage will remain unknown until after the election. James Lennon, of Ord Minnett, estimated shares would steady between $8 and $9. He said this was based on half the company's novated leases being for private use, which would equate to a 30 to 40 per cent hit to earnings. But he said McMillan was doing itself no favours. In a statement, the company announced it would suspend all communication with investment analysts, shareholders and the media until after the election "unless the position becomes clearer prior to then", which meant analysts had to rely on speculation as to McMillan's exposure to the changes. The government announced last week it would tighten fringe benefit tax guidelines on novated car leases as part of a plan to generate $1.8 billion to help pay for scrapping the carbon tax in favour of an emissions trading scheme. Under the plan, the current statutory formula will be abolished for new leases, leaving the log book method that requires an employer to track the costs related to each car, and to estimate the business use by using employee-completed log books. Opposition Leader Tony Abbott has announced he would scrap the changes if elected. But even if the changes were overturned, Mr Lennon said investors would remain wary of the company. "There has always been this risk with this stock," he said, adding he expected revenues to recover, but not the share price, which was trading as high as $18 before the trading suspension. Mr Lennon said it would have been better if the changes had been implemented gradually, allowing a "grandfather period" for business to adjust. In a statement, McMillan Shakespeare's chief financial officer, Mark Blackburn, criticised the government's decision, saying it abolished the 28-year practice of relying on a statutory formula to quantify the amount of fringe benefit tax payable. "[The proposed change] is creating disruption within the industry and is expected to lead to an unknown and unquantifiable decrease in demand for novated leases and an adverse impact to the business overall," Mr Blackburn said. While Treasurer Chris Bowen's proposals are yet to pass Parliament, Mr Blackburn said the changes would have a "material adverse impact" on the company's future earnings. He said McMillan is expecting a net profit of between $61 million and $63 million for fiscal 2013, representing a 15 per cent increase on the prior financial year. Read more: http://www.smh.com.au/business/mcmillan-shakespeare-shares-dive-after-rudd-outlines-tax-change-20130725-2qkz1.html#ixzz2a25L8LjZ
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macktheknife
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It's a tax rort. People who are legit can claim it with a log book with no problem. It's people who work in office buildings who don't drive anywhere but still claim the full deduction that are costing the taxpayer. Quote:the waste in the solar State issue. Not waste. Not waste. 4 years ago. Only cost like $10 million. Quote:the PC for everyone at school Program is finished. Worked fine. http://www.smh.com.au/business/the-economy/carbon-tax-inflation-fears-evaporate-20130724-2qj4q.htmlBrought down by vested interests in the mining community who refuse to pay their way for resources that don't belong to private interests, but belong to all of Australia via our Government. It should be increased and made payable for all mining. Quote:now we have the ads telling us that Abbotts boat policy wont work It won't. Quote:And our debt is fine Federal Government debt is at an acceptable level. Try reading this: http://www.crikey.com.au/2013/03/27/heres-the-real-story-of-australian-debt/Stop regurgitating Liberal party rhetoric and try thinking for once. :)
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batfink
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macktheknife wrote:It's a tax rort. People who are legit can claim it with a log book with no problem. It's people who work in office buildings who don't drive anywhere but still claim the full deduction that are costing the taxpayer. this is so far off the mark its not funny..... Quote:the waste in the solar wrong... Not waste. 4 deaths,shitloads of fires resulting in compensation and a collapsed industry, if that's a success i would hate to see what a failure in your household is...LOL:lol: :lol: :lol: ](*,) ](*,) ](*,) Not waste. there was waste there for sure......but really on this occasion it's probably not so important considering it's timing with the GFC, the proof that it had waste is that the catholic/private/independant schools got their funding and managed it far better than the government could and ended up with better results4 years ago. Only cost like $10 million. only $10 million for what return????Quote:the PC for everyone at school Program is finished. lol .. that's an understatement...never got going...LOL...another broken promise and ill conceived fuck up....Worked fine. once again hate to be around when you have a failure.....denial muchhttp://www.smh.com.au/business/the-economy/carbon-tax-inflation-fears-evaporate-20130724-2qj4q.htmlBrought down by vested interests in the mining community who refuse to pay their way for resources that don't belong to private interests, but belong to all of Australia via our Government. It should be increased and made payable for all mining. hello??!!??!? the royalties have been paid for years upon years,there was no reason to bring out a tax, and the mining industry were prepared to come to the table and work something out that was in both parties interests....but no this Government just love to sink the boot into business....Quote:now we have the ads telling us that Abbotts boat policy wont work It won't. and guess what sherlock it isn't !!! so why is it that this government has sat on it's hands for 6 years and done nothing about the problem?? because they are imcompetent, but now there is an election john cleese arrives with basil and start shooting from the hip....."oh i say basil, quick!!! just put some commercials on the TV thingy and tell the hoards of morons that it's all going to go away...you know just do whatever it takes, yes that's it lets go and have our photo taken up there in PNG....hmm what's does that stand for basil??..oh never mind...hurry up now and get that started like a good chap"......wake up to yourself and get a fucken grip....
Quote:And our debt is fine Federal Government debt is at an acceptable level. well that's funny when it suits you,you make stupid statements like this??? "First of all, the $96 billion debt included $40 billion from the Fraser-era which just happened to have John Howard as treasurer. lol Good on Johnny for finally getting rid of his own debt problem." so is debt only bad under LNP but under ALP it's fine?? or is it bad because of the huge debt that was left by whitlam and inherited by fraser now becomes howards problem???? FFS you don't make any sense???? I think most people would agree and certain level of debt is not bad as long as a government has a plan of action to extinguish it, and that the debt incurred was utilised for something substantial such as infastruture and is a long term plan.....but so far we have heard from the world's greatest treasurer that we will return to surplus, time after time after time.....i let's be generous he was only $18 billion out with his forecasts....LOL....not to mention the $49 billion that's not even on the balance sheet....so to many Australians it's not the debt that is the major problem, the debt get's the headlines, it's this government inability to deliver anything it promises, and all during a time where there is a mining boom and we are in a strong economic position.......pretty esy to look good when your compared to trainwrecks.....who don't have a resources boom and opportunities like Australia does......once again smoke and mirrors for the plebs.....
Try reading this: http://www.crikey.com.au/2013/03/27/heres-the-real-story-of-australian-debt/Stop regurgitating KRUDD rhetoric and try thinking for once. :) or do you have to ZIP????? edited for accuracy....
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afromanGT
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Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it.
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batfink
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afromanGT wrote:Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it. pretty sure there would be a lot of people disagree with that one..............so greece doesn't have a debt problem?????
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afromanGT
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batfink wrote:afromanGT wrote:Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it. pretty sure there would be a lot of people disagree with that one..............so greece doesn't have a debt problem????? Greece has a debt problem because they owe more than they are owed.
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batfink
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afromanGT wrote:batfink wrote:afromanGT wrote:Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it. pretty sure there would be a lot of people disagree with that one..............so greece doesn't have a debt problem????? Greece has a debt problem because they owe more than they are owed. [size=9] Captain obvious strikes again....!!!!!!!!!!!!!!!!!!![/size] able to quote the obvious,faster than a snail,more powerful than a cap gun, able to leap over bottle tops........[size=9] it's captain obvious...!!!!![/size] \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ \:d/ =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> =d> :-" :-" :-" :-" :-" #-o #-o #-o #-o #-o
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thupercoach
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afromanGT wrote:batfink wrote:afromanGT wrote:Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it. pretty sure there would be a lot of people disagree with that one..............so greece doesn't have a debt problem????? Greece has a debt problem because they owe more than they are owed. Are you saying we are owed more than we owe?
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afromanGT
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thupercoach wrote:afromanGT wrote:batfink wrote:afromanGT wrote:Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it. pretty sure there would be a lot of people disagree with that one..............so greece doesn't have a debt problem????? Greece has a debt problem because they owe more than they are owed. Are you saying we are owed more than we owe? Yes.
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batfink
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afromanGT wrote:thupercoach wrote:afromanGT wrote:batfink wrote:afromanGT wrote:Any debt is ok as long as other countries owe US more than we owe THEM. It's all about debt management. Money isn't worth anything unless you spend it. pretty sure there would be a lot of people disagree with that one..............so greece doesn't have a debt problem????? Greece has a debt problem because they owe more than they are owed. Are you saying we are owed more than we owe? Yes. this is great news i am not going to pay any of my bills because they are debt, and debt is no problem if you are owed more than you owe................. yippee...!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!\:d/ \:d/ \:d/ \:d/
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afromanGT
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Don't be daft. International loans and foreign debt doesn't work like that and you know it.
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afromanGT
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Turnbull won't come in unless Abbott loses the election.
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