Weird, it's a lot worse now than it ever was with the ALP. I thought that the LNP were going to fix everything? Now they can't even release reports that they are legally obliged to release.

so you have asked everyone????

otherwise STFU

"Labor did it" doesn't really fly after nearly 2 years in office.

Do have to chuckle at LNP stooges crying about blocking policy without a hint of self-awareness.

LNP incompetence, from the treasurer that doesn't understand income tax, to the communications minister that sabotaged a broadband project to be inferior and more expensive than the program it replaced, to the family minister who wasted time and money on "relationship vouchers" that nobody wanted to the attorney general that can't explain fundamental aspects of his citizen spying program that is apparently essential to keep us safe (from movie pirates)... None of the LNPs incompetence can be attributed to Labor.

Your mates are ideologically backwards assuming that they are born to rule rather than born to govern. The electorate doesn't want a bar of them.

"Labor did it" doesn't really fly after nearly 2 years in office.

Do have to chuckle at LNP stooges crying about blocking policy without a hint of self-awareness.

LNP incompetence, from the treasurer that doesn't understand income tax, to the communications minister that sabotaged a broadband project to be inferior and more expensive than the program it replaced, to the family minister who wasted time and money on "relationship vouchers" that nobody wanted to the attorney general that can't explain fundamental aspects of his citizen spying program that is apparently essential to keep us safe (from movie pirates)... None of the LNPs incompetence can be attributed to Labor.

Your mates are ideologically backwards assuming that they are born to rule rather than born to govern. The electorate doesn't want a bar of them.

go from having no net debt

Why we may never see a surplus again

AUSTRALIA, we’re in trouble.
The country may never get back into budget surplus if the government’s spending cuts continue to be blocked by Labor and the Senate, the governor of the Reserve Bank and the head of Treasury have warned.
The ominous predictions on the future of the nation’s finances were made by new Treasury Secretary John Fraser and RBA boss Glenn Stevens in an extraordinary briefing to Cabinet on Tuesday, The Daily Telegraph reports.
In a 20-page slide presentation, the finance chiefs showed the budget position continuing to worsen without significant structural reform.

They showed that even with an economic growth path of 3 per cent per annum, the budget would continue to be in deficit beyond the 10-year prediction made in last year’s budget forecasts.
While Labor has labelled the government’s spending cuts as “unfair”, Mr Fraser’s presentation showed the government was now borrowing $110 million a day to pay its interest bills on debt and the growing budget deficit.
Treasurer Joe Hockey has been sharing Treasury forecasts with colleagues in recent weeks to highlight the mounting problem the country faces unless savings measures are passed through the Senate.
It is the first time Mr Stevens has briefed the Cabinet in his eight years as RBA governor.

http://www.news.com.au/finance/economy/why-we-may-never-see-a-surplus-again/story-e6frflo9-1227208985400

Do the math

Australian government debt was about $50 billion at the end of Howard's term.

Cutting revenue raising taxes as soon as you get into government doesn't help. Or giving 200 million to a chaplain program.

Um, you just can't spend six years in government, go from having no net debt to $226 billion, inheriting billion dollar surpluses and committing the nation to the fastest spending growth in the world, plant landmines all over the economy and completely wipe your hands of it after 18 months because some other mob is in government. Where is the accountability in that?

I guess it's in Labors pscyh though, to completely deny any wrong doing, to shift all the blame onto others, and continue to leave the countries finances in a parlous state because it might be conducive to them winning government. Whether it be boats sinking and thousands of people drowning, insulation installers getting electrocuted, homes burning down or leaving a massive mortgage behind for some future generation to pay, the concept of accountability within Labor ranks is completely non-existent.

Cmon mate, throw "intergenerational theft" and "knuckle-down-back-to-work-Tuesday" in there too just for good measure.

Or allowing Murdoch to get away with not paying nearly a billion in back taxes.

All that pork barrelling didn't come cheap, although $50bn isn't too bad from the most profligate government in Australia's history.

How's ChristopherPyneLAD just dropping the C-bomb everywhere :lol:

Cutting revenue raising taxes as soon as you get into government doesn't help. Or giving 200 million to a chaplain program.

Given the future projections for debt growth I'm so glad we decided to axe the super profits tax....I mean our four big banks only make an annual profit of something like a collective $300 billion.

Edited by Joffa: 6/2/2015 12:04:24 PM

Joffa just adding zeros for fun

Whoops my bad 300 million. Doh!

Prime Minister Tony Abbott will face a spill motion against his leadership early next week after West Australian Liberal MP Luke Simpkins emailed party room colleagues to announce he would push for the PM's leadership to be put to a vote.

The spill motion will be seconded by MP Don Randall, with a third WA Liberal, Dennis Jensen, saying he will support it.

It's happening.