Guest Guest66881 Posted December 17, 2013 Share Posted December 17, 2013 Treasurer Joe Hockey says Australia is facing a "challenging fiscal and economic mountain" but has vowed the federal government will bring the budget back into shape. Mr Hockey on Tuesday handed down the mid-year economic and fiscal outlook (MYEFO), which showed the government was facing budget deficits of more than $120 billion over the next four years. Related: Greens secure deal on debt ceiling He said unless action was taken, the budget would be in the red for at least ten years, but it was important the government was honest about the challenge. "I want to emphasise that no challenge such as this is insurmountable," Mr Hockey told the National Press Club. The Abbott government had gone to the election promising to get the economy and budget back on track, and it wouldn't stray from this path, he said. http://au.finance.yahoo.com/news/nation-facing-fiscal-mountain-hockey-015148146--spt.html Link to comment Share on other sites More sharing options...
starlight7 Posted December 17, 2013 Share Posted December 17, 2013 The trouble is we've heard it all before. Whether or not they can be believed remains to be seen. Link to comment Share on other sites More sharing options...
VERYSTORMY Posted December 17, 2013 Share Posted December 17, 2013 I think he is softening us up for some huge cuts in spending next year Link to comment Share on other sites More sharing options...
Parley Posted December 17, 2013 Share Posted December 17, 2013 What a sorry, sorry legacy they have been left to deal with. $47B deficit. Gillard and Rudd should hang their heads in shame. Absolutely disgraceful. Total incompetence and irresponsibility. Link to comment Share on other sites More sharing options...
Guest Guest66881 Posted December 17, 2013 Share Posted December 17, 2013 But wheres it all gone? Link to comment Share on other sites More sharing options...
Parley Posted December 17, 2013 Share Posted December 17, 2013 Down the crapper. Link to comment Share on other sites More sharing options...
boganbear Posted December 17, 2013 Share Posted December 17, 2013 But wheres it all gone? Lots of shiny new offices for government departments in Canberra that none of my private sector customers can afford Link to comment Share on other sites More sharing options...
Xenon4017 Posted December 17, 2013 Share Posted December 17, 2013 Lots of shiny new offices for government departments in Canberra that none of my private sector customers can afford Normally I'd be first in line to join the chorus of "It was wasted on the public sector", but I'd like to see the breakdown of how much was spent on ALP largess against how much is _still_ spent on welfare payments to those who could probably do without. It amazes how much tax revenue is returned to citizens each year. Obviously, I'd much rather be taxed less and get nothing back. Link to comment Share on other sites More sharing options...
gpo1971 Posted December 17, 2013 Share Posted December 17, 2013 Thing is, this Country should be piss easy to run. Really, a Government with any financial and political accumen should find it impossible to fck it up. Unfortunately, more often than not, they do. I seriously begrudge being taxed over here. At least in the UK, I knew the money was simply being stolen off me. Here, I just feel its being flushed down the toilet, completely wasted. Link to comment Share on other sites More sharing options...
LukeM Posted December 17, 2013 Share Posted December 17, 2013 Can't we just print more money? Or press a big restart button and set everything back to zero and start from scratch? :biggrin: <long pause> How nice would that be? Link to comment Share on other sites More sharing options...
Parley Posted December 17, 2013 Share Posted December 17, 2013 The Pauline Hanson solution, or maybe Robert Mugabe. Link to comment Share on other sites More sharing options...
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