@enmoretiger-0 said in [Politics Super Thread \- keep it all in here](/post/1367175) said:
When the national conference rolls up for the ALP, you see the ex PM's there, yet all the Tore ex PM's seem to disappear.
Fraser handed back his membership when he was alive, Malcom T actively works against the Tore's.
Howard's legacy is and will be dealt with by History, but remember the Tore's claim to be the greatest money managers falls on deaf ears when one does a little reading. The largest non war time deficit left this country was after eight years of Howard as treasurer. Try reading that in a Murdoch media
There were many policy failures that were created by the Howard/Costello period, especially the lack of infrastructure, middle-class welfare for a vote grab, which along with the super changes and tax cuts created a structural deficit that lasted another half decade or so.
Defecit was embedded post 2007, but they had enough rolling in from a rising China to cover their butts until the last of their legislative changes came into effect as they were removed, being booted before it was realised. They also funded the future fund on the back of selling much of our gold bullion and Telstra.
It would have been even worse if the Rudd government went with some of the excess promised, though I was disappointed that they did not stop all further proposed tax cuts and then the GFC hit. It is utter lunacy for the current further 30% rate cut expansion to go through in the current circumstances, if ever for mine.
This current mob, now under a Trump, who is a convicted Rapist and Felon like wannabe have ruined the platform that was created prior to people falling for three word slogans from a pair of parties with a lack of vision.

IMO thats a pretty accurate and balanced post (particularly from a partisan perspective) but that graph is incredibly misleading.
Australia (Govt) debt is simply a factor of budget deficit/surplus. If a Govt spends more than it earns it goes into further debt. The Aussie Govt has not produced a surplus since Howard and therefore every year goes further into debt, my point being that the fact that Govt debt is higher under Lib govt is not an indication that they have done "worse" than the previous Labor Govt, its an indication that they havent produced a surplus. Of course if you look at the link in the previous post of mine you can see that they were just about to preCOVID (as Labor may have without GFC).
If anything that graph shows that the Libs slowed the rate of debt
Cannot see where that graph is misleading in any way, as it clearly shows the current ***defecit*** at the end of each financial year.
Unsure either of those governments were going to reach a surplus, even with the withholding of NDIS funding as part of the attempt with the latter.
There you go....it doesnt show the **deficit**, it shows the **debt**. Two different things.
Every year, the Govt budgets for how much they will spend and how much they will receive. If the amount they spend for that year is more than they will receive, that is a deficit, of its the other way around its a surplus (like 11of 13 years under Howard). If the Govt has a deficit...this increases the debt (the amount the Govt borrows to offset the deficit).
TLDR...YOu are wrong, that graph doesnt show the deficit, it shows the debt, that is why it is misleading. The reason the debt is larger under the Libs is because it existed under Labor. That graph is actually an indictment of Labors economical management (it blows up under Rudd and slows under Libs pre Covid).
So the LNP get a pass on COVID but the ALP don't for the GFC? From memory debt as GDP levels for the Howard government were comparable to Hawke/Keating. It went up under Rudd/Gillard and kept rising under Abbott.
As for deficits nobody has run a surplus aside from during the mining boom. Even then it had little to do with spending reform or general revenue increases.