Budget 2014 (3 Viewers)

[Phaze]

Thoughts, opinions. It seems to have a major impact on the younger generation. Most of the changes don't come into play till we enter the real world. What do you guys think?

 

[Omnipotence]

Deregulation of uni fees don't impact you?

 

[nexusbrah]

Deregulation of uni fees don't impact you?

It won't be affecting us as much since we start in 2015. If you are at uni before 2016 and finish before 2020 it doesnt apply. (I think)

 

[Phaze]

Deregulation of uni fees don't impact you?

I did say most

Screw uni, I'm going TAFE if the reduced funding keeps happening.

Do a diploma and still get the government assistance. Win Win

 

[Phaze]

It won't be affecting us as much since we start in 2015. If you are at uni before 2016 and finish before 2020 it doesnt apply. (I think)

I'm yet to be sure but I believe that's to do with the Uni Loans while the fee deregulation begin May 2014. Two separate changes (from what I know so far)

 

[rumbleroar]

Tbf, it's really short-term pain and long-term gain.

"Short term pain"

Is it really that short term? Families are still struggling

 

[Fawun]

 

[Phaze]

Tbf, it's really short-term pain and long-term gain.

What is the long term gain of a surplus when we need a deficit to fuel economic growth?

 

[hawkrider]

"Short term pain"

Is it really that short term? Families are still struggling

lol, I was just mimicking Hockey's perspective - I wasn't serious


but yeah, I do think it's tough on those less fortunate

 

[Phaze]

This:

Thank god!

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[Fawun]

What is the long term gain of a surplus when we need a deficit to fuel economic growth?

We don't need a deficit to fuel economic growth...

 

[Queenroot]

Next on the Liberal's agenda is legalising slavery and retracting gun laws.

 

[Phaze]

We don't need a deficit to fuel economic growth...

With the current state of our economy we kinda do? Cutting back on spending isn't going to help us when economic growth is slow as fuck as is. Returning the budget to a surplus is a political venture not an economical one. Every economist out there has continuously repeated that our economy isn't in a bad state compared to others of the world and yet the Libs stress that there is this "Blackhole" or huge "Deficit Crisis"

 

[Fawun]

With the current state of our economy we kinda do? Cutting back on spending isn't going to help us when economic growth is slow as fuck as is. Returning the budget to a surplus is a political venture not an economical one. Every economist out there has continuously repeated that our economy isn't in a bad state compared to others of the world and yet the Libs stress that there is this "Blackhole" or huge "Deficit Crisis"

That may be true but increasing government expenditure isn't going to help us in the long run either especially when we borrow money (and pay interest on top of these funds) to finance some of our spending lol

 

[Phaze]

That may be true but increasing government expenditure isn't going to help us in the long run either especially when we borrow money (and pay interest on top of these funds) to finance some of our spending lol

The borrowing isn't such a big issue, we've always had to borrow money and we still have a triple A credit rating.

What you said about it not being good for the long run is true but our economy isn't strong enough for us to take this measures yet.

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[dunjaaa]

Yeah, in the long run its unsustainable and Australia runs the risk of falling into a never ending debt accumulation cycle (i.e debt trap)

 

[dunjaaa]

To sum it all up, "We are a generation of lifters, not leaners" Joe Hockey

 

[Fawun]

The borrowing isn't such a big issue, we've always had to borrow money and we still have a triple A credit rating.

What you said about it not being good for the long run is true but our economy isn't strong enough for us to take this measures yet.

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Well how would you expect our economy to be strong if we don't slowly move the budget to a surplus?

 

[Phaze]

Well how would you expect our economy to be strong if we don't slowly move the budget to a surplus?

Surplus and Deficits are in no way indicative of an economy's status. GFC = big deficit, yet we remained very strong relative to others.

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[rumbleroar]

Yeah, in the long run its unsustainable and Australia runs the risk of falling into a never ending debt accumulation cycle (i.e debt trap)

dgjiospifiohg
and its aim was to bring us back into surplus

gg tone abet