Politics Super Thread - keep it all in here

[earl]

His used name is Bong Bong his surname is Marcos.Also there are close ties between the Marcos family and the Duterte family.Both families are rotten to the core

To me they are bad but they are popular. I don't get it. Do you understand why ?

 

[jadtiger]

To me they are bad but they are popular. I don't get it. Do you understand why ?

I have no idea why and my wife does not either (she is Filipino) but apparently there is a belief/hope that some of the money that the Marcos family stole will be going back to the phillipines when he takes office as he will use it for the benefit of the populace.
There is zero chance of this happening imo and he will probably just steal more foreign aid like his parents

 

[pawsandclaws1]

It's just standard fiscal policy. It's cool to have deficits but you can only manage so much debt. That debt has to be serviced at the very least.

It's actually a really bad situation because both monetary and fiscal policies have to tighten. You can forget about Keynesian economics in relation to stimulating the economy because the money isn't there.

Wage and price controls to fight inflation can cause recession and job losses. Contractionary monetary policy to fight inflation will increase interest rates.

It seems to me as Jason Clare stated increases in productivity must accompany any wage increases. An increase to the productive capacity of the nation to earn more GDP to pay off debt to me is preferable. We have a choice in under 2 weeks.

 

[stryker 69]

Did I say that ?

I said the money train has to stop. It will stop as well. The hyperbole that you and others keep going on with is stupid and it's fantasy world stuff as well.

Give me facts.

You are the only one carrying on in here. You also slightly change your narrative with every post, obviously taken aback by the opposition you have encountered to your YouTube inspired opinions.
What you are suggesting is lunacy and thank god those in charge have more sense as your fundamental lack of knowledge on this topic is colouring your opinion to the level of tin foil status.

 

[Tim Sheens]

Raining yet again. From the sky and crap pouring out of Morrison's mouth.

Hard to fathom that the same guy with "the politics of envy" line is out there today yapping that it is lunacy to state that our lowest paid workers should get a wage rise to enable them to keep a roof over their head and food in their stomachs. Especially so when their actual living costs increases are likely double the official rate.

He can't slag of refugees or Muslims to the same extent anymore in appealing to the lowest common denominator in the community (mainly males) for votes. Instead he has resorted to a discrimination bill, lying about gender surgery of minors with a hand grenade candidate, in a bizarre attempt to attract Muslim and other religious votes in outer electorates, particularly Parramatta.

History will show Morrison as our worst modern PM and his government as a whole similarly.

 

[pawsandclaws1]

Scumo complaining about Albanese supporting a wage increase for our lowest paid who receive $20 per hour. A 5% increase would be a $1 per hour.

 

[earl]

An increase to the productive capacity of the nation to earn more GDP to pay off debt to me is preferable.

I think the debt is too big for this to be realistic. I don't see any alternative other that tighter fiscal policy going forward.

Honestly I don't see how anyone can complain about this. We've had more payments over the pandemic compared to probably any time in history.

 

[earl]

Raining yet again. From the sky and crap pouring out of Morrison's mouth.

I can't stand him atm. His comments at this point just appear delusional.

 

[pawsandclaws1]

I think the debt is too big for this to be realistic. I don't see any alternative other that tighter fiscal policy going forward.

Honestly I don't see how anyone can complain about this. We've had more payments over the pandemic compared to probably any time in history.

Those who lose their jobs, lose their capacity to pay their mortgage at increased rates and experience the Feds shifting the financial burden to them as a consequence of belt tightening may think differently. Reducing the supply of money is an anathema to me.

 

[earl]

Those who lose their jobs, lose their capacity to pay their mortgage at increased rates and experience the Feds shifting the financial burden to them as a consequence of belt tightening may think differently. Reducing the supply of money is an anathema to me.

It's going to hurt right. The money supply is being reduced.

I get that people will be hurt. I get it's going to suck. There is no alternative. You cannot continually increase money supply.

 

[pawsandclaws1]

It's going to hurt right. The money supply is being reduced.

I get that people will be hurt. I get it's going to suck. There is no alternative. You cannot continually increase money supply.

Many may revisit this if we hit a recession or worse as a consequence of belt tightening. Of course those at the margins are worst impacted and it is not something I could ever support.

 

[pawsandclaws1]

Scumo on a roll as he believes the Aust economy extremely strong, world beating even. In a strong economy he says wages rise, Realistically, wages haven't risen in years. Scumo can't have it both ways.

Clearly Scumo wants more of the same while Albanese at least is offering hope to those in society at the lowest level. No doubt this is a conversation Scumo did not want just short of an election.

 

[Tim Sheens]

Austerity doesn't work, whereas investment in targeted infrastructure and development does. Training is similarly important.

Taxation and industrial relations reform is again long overdue in an ever changing economy and the last thing the country can afford is giving those that don't spend most of it any more.

Foregoing circulation and growth in the economy in giving those that don't need it more is stupid at any time, particularly so now that policy has structural debt again in place for the second time in 15 years.

 

[pawsandclaws1]

Look at the wages accord years ago where a visionary ALP Govt introduced half yearly wage increases linked to the CPI. The word visionary excludes any possibility of this Govt introducing such an intiative.

 

[earl]

Many may revisit this if we hit a recession or worse as a consequence of belt tightening. Of course those at the margins are worst impacted and it is not something I could ever support.

I think there is no choice.

Firstly interest rates are increasing.

Secondly we have a massive debt that will need to be serviced so less tax dollars are going to be spent on us rather than servicing that debt. This may take some time but it's as inevitable as interest rates rising.

We might get lucky and the world bounces back from the pandemic and people start spending. I'm not going to predict the economic cycle.

 

[Papacito]

A pretty good explanation around how the federal government have bungled monetary policy and how the analogy around paying off debt etc is completely false:

 

[Lee's fedora]

Yeah Scomo the other day said that low income earners should start a business so they aren't low income earners anymore bloke is so out of touch just wants to give his billionaire buddies tax breaks

 

[Lee's fedora]

And should we even bring up robodebt that took money from people on the lowest of low because of scomos policies

 

[pawsandclaws1]

Many of these low income earners would be working in aged care, perhaps with our elderly family members. Pay rises please Mr Scumo.

 

[earl]

Austerity doesn't work, whereas investment in targeted infrastructure and development does. Training is similarly important.

This is partially true. It's a better way to discuss the issue as well without the hyperbole.

I agree that investing in infrastructure, development and training is important and it can lead to longer term benefits.

Austerity does work. It's worked exceptionally well in the past. I think it's required. It's about saving money for a rainy day. All the payments we had for the GFC were build off good economic management - i.e. having a surplus when times are good.

We've accumulated a lot of debt. You can't get around this issue. Debt is simply spending now and paying for it later. So someone suffers.