2007 Federal Budget (1 Viewer)

[Sparcod]

We've now reached the time of the year.

The budget will be presented tomorrow night (ABC, 7:30pm and 9, 10:30pm).

There has been a lot of talk going on recently.

Family-friendly Budget coming
Up, up and away as Treasurer fills voters' pockets

Looks like a $15 billion surplus.

 

[Sparcod]

FULL COVERAGE OF THE 2007 BUDGET.
http://au.news.yahoo.com/full-coverage/budget-2007.html

I've watched his speech. I'm impressed that he's actually giving a bit more to the lower-income earners and the universities.

 

[banco55]

I thought the university future fund was a good idea but the money should be given individually to unis as seed money for endowments. Harvard has US$20 billion endowment. They should encourge alumni to contribute by promising to match their donations 1 to 1 or 2 to 1.

 

[jb_nc]

Harvard is the richest university in the world. I think you'll find for a university of the size and age of Melbourne or Sydney $1bn isn't bad.

 

[frog12986]

A solid budget, that is quite responsible (even Wayne Swan agreed with that). Not too elaborate (but elaborate enough) that provides the government with a base from which it can launch its election campaign later in the year..

 

[jb_nc]

Sharon Burrow is on the ABC. Why?

 

[Triangulum]

Sharon Burrow is on the ABC. Why?

They want the reaction of unions to the budget, presumably.

 

[Sparcod]

frog12896- of course! It's an election year and the government wants more votes.

John Howard denies that this budget won't greatly influence the way voters will decide who to vote for.

Budget won't turn polls around, PM warns his MPs

Speaking of tax cuts!

Tax cuts a centrepiece of Costello's 12th

Under the changes, a wage earner on $25,000 annually will pick up about $2.88 a week, while one on $35,000pa will benefit by about $21 a week.

The poor workers on $25000 a year get $2.88??

 

[jb_nc]

They want the reaction of unions to the budget, presumably.

She fucking stupid. She just mentioned it will be like the 70's where no one dreams of going to universities except the élite because of the removal of DFEE caps. Uh, no, the number of HECS places is going to stay them same.

 

[frog12986]

frog12896- of course! It's an election year and the government wants more votes.

And the ALP will not prescribe to that idea at all..

 

[kokodamonkey]

Wayne swan look preety pathetic afterwards... talk about grasping for straws...

I am proud of the result that strong years of economic management by the Howard government has rewarded. Especially in relation to tax cuts atb.

 

[banco55]

frog12896- of course! It's an election year and the government wants more votes.

John Howard denies that this budget won't greatly influence the way voters will decide who to vote for.

Budget won't turn polls around, PM warns his MPs

Speaking of tax cuts!

Tax cuts a centrepiece of Costello's 12th


The poor workers on $25000 a year get $2.88??

They pay less tax so they get a smaller tax cut.

 

[Rafy]

Wayne swan look preety pathetic afterwards... talk about grasping for straws...

Agreed.
Byran Palmer at Ozpolitics.info:

All I can say is that the Budget was either Peter Costello’s political master stoke or Wayne Swan is a fathoms out of his depth.

Which ever way that assessment runs, Swan appeared unable to land a punch in tonight’s Budget postmortem on the ABC. His only line of attack was to accuse the government of stealing Labor’s good ideas, and some mindless mantra about budgeting for the future.

Swan appeared to be in screaming agreement with all of the big ticket announcements — an education fund, childcare, and low to middle income tax cuts. He could not even bring himself to say that the extra spending power for punters was inflationary (which it must be).

As my daughter would say, it’s a lame insult to say the government is clever. But it is okay, Kevin Rudd is a fiscal conservative too. I mean really, is that the best Swan can do?

Tony Jones’ disbelief in Swan’s performance was palpable. Michael Brissenden was completely bemused.

I was flabbergasted.

 

[Robbeh]

Agreed.
Byran Palmer at Ozpolitics.info:

Palmer is getting destroyed in his comments to that post...
http://www.ozpolitics.info/blog/2007/05/08/budget/all-comments/#comments

 

[frog12986]

Palmer is getting destroyed in his comments to that post...
http://www.ozpolitics.info/blog/2007/05/08/budget/all-comments/#comments

By typical bloggers who tend to be the 'intellectuals' of the left..

Palmer has a point, and Wayne Swans basic grasp of economic logic seemed absent. It's disconcerting that his talk of a 'surplus' is confined to an 'average over the economic cycle'.. why Lindsay Tanner is not shadow treasurer I'll never know (even with his baggage)..

I doubt the budget will have any impact on future poll results, and despite recent events we should expect a fairly solid budget reply. Kevin Rudd is not Mark Latham.. the election definitely won't be before September..

 

[Lorie]

Well it is a strange situatation for the oppoisition. In a way it's what they have been trying to get the governement to do by ways of education and health. I can't see it having to much impact on the polls. Any tax cuts are merely counted out by the rate increases late last year and possible ones later this year.

Will be interesting to see how Rudd responds.

 

[Sparcod]

By typical bloggers who tend to be the 'intellectuals' of the left..

Actually, some seem more like swinging voters who are fed up with the Libs.

They pay less tax so they get a smaller tax cut.

That's not the case all the way through.
Those who earn $35000 get $21.
Those who earn $60000 get $14.42.

Very irregular.

 

[frog12986]

Actually, some seem more like swinging voters who are fed up with the Libs.
.

Yeah, all those people who say:

- 'I voted for them the past three times, this time they're gone'

-'I'm a swinging voter, and they've lost my vote'

They're not party stooges (on both sides) attempting to satisfy a political mood at all..

If the blogs were anything to go by, the ALP should have lost the NSW State Election..

 

[Nebuchanezzar]

Can you not go half a post without your incredibly lame, partisian, pseudo-political hack type posts?

Budget seems kinda cool. The university funding business has pleased me quite a bit, and I haven't really bothered to look into it much further. I'll guess I'll read about it in the newspaper tommorow for a bit more depth.

 

[Sparcod]

No, Nebuchanezzar, I haven't read much either. I'll have to read the paper tomorrow as well.
I'd be interested to hear what the opposition has to say but there has been some critics worth noting.

Budget cuts no red tape - Business

Tax cuts not enough, says ACTU

Budget lacks key funding - AMA

If the blogs were anything to go by, the ALP should have lost the NSW State Election..

So are you saying that 'swinging voters' are denying that they are lefties?