Wednesday 14 December
1 On Monday 19 December the Treasurer will present the MYEFO midyear report on the state of the economy. Coincidently, or deliberately, on the Saturday prior, The Prime Minister will deliver a speech at the 25th anniversary dinner of the Australian Republican Movement.
What could he possibly say that is any different than his view already expressed, that it’s better to wait until the Queen is no longer with us before taking the next step. Maybe because he is accused of reneging on all that he stands for he will try to regain some lost credibility. If the speech is ”Republic lite” it might be interpreted as just an indulgence.
On Monday the blame game was on in earnest with some fair dinkun conservative dole bludger bashing. It’s all Labor’s fault has been a constant theme for some time now. Morrison had also briefed two newspapers about some analysis that suggested the Rudd government’s big-spending stimulus during the Global Financial Crisis was the cause of the current economic problems. It has since been discredited.
Then at the COAG meeting Turnbull knocks back a perfectly logical means of addressing our energy needs and climate change presented by the chief scientist. Then he tells them to fix the crisis on their own. It doesn’t make any sense.
Might I suggest the Treasurer is frightened of losing Australia’s triple-A credit rating?
More likely, the Prime Minister’s speech, it is an attempt to confuse and bewilder. A distraction from an economic nightmare. The MYEFO report is predicted to show the fiscal outlook could be much worse than what was conveyed in May’s federal budget, potentially increasing the risk of an imminent ratings downgrade.
If that’s the case it will have all sorts of repercussions for Australian banks, business’s and the public in general.
According to the “Roy Morgan” daily news summary. Tuesday December 13 ratings agency Moody’s has forecast that the combined debt of Australia’s federal and state governments will rise to about $A690bn by mid-2017, compared with $A642bn in June 2016.
But Marie Diron of Moody’s says the Government is likely to reduce the deficit but at a slower pace than forecast in the May 2016 Budget. Moody’s is not expecting to downgrade Australia’s triple-A credit rating, although rival S&P Global Ratings put it on “negative watch” earlier in 2016. So is Morrison not letting on to something.
Let’s harken back to those times when Labor was in office: the press had its balls in a knot, the shock jocks were apoplectic about the debt, and the then opposition led by the lying Abbott were so enraged by it that they were calling for blood. Well it makes one wonder why Labor at least, aren’t doing the same now.
Well here is an exception.
Judith Sloan, prominent conservative economist had this to say:
”The reality is the government’s reform program is thin, with or without Senate co-operation. Mucking around with superannuation, implementing a toothless construction industry watchdog and allowing energy costs to surge: none of these policies will lead to higher economic growth.”
“Instead of searching within when we are at fault the first human reaction is to apportion blame elsewhere. Why is that so?”
2 Readers should note that when I quote from Roy Morgan I am in fact quoting from The Australian because they simply reproduce short excerpts from it.
Like this one:
”The Institute of Public Affairs believes that freedom of speech is potentially threatened by section 18C of the Racial Discrimination Act. The institute argues in a submission to the legal and constitutional parliamentary committee that section 18C should be removed in its entirety.”
Doesn’t that make one’s blood boil?
3 The likes of Bernardi, Dutton, Abbott and Hanson won’t read this but I sincerely wish they would.
He appeared on News 24. A teenage boy who when he was on the program with his brother six months ago struggled with his English. This time he was assertive, confident and like most teens said ‘’ya know’’ too much. He had every reason to feel proud and confident. His name is Saad Al-Kassab. Saad had missed two years of school as mortars flew over his home in war-torn Syria.
When he arrived with his family in Australia he was offered a shovel to help with the gardening at Australia’s largest senior Catholic school – Catholic Regional College Sydenham. A scholarship followed and as a result of his determination this year with an ATAR of 96.65, he was dux of his school.
On his family’s arduous journey to this country, through the checkpoints that many go through he studied anywhere he could, sitting exams in cinemas and sports grounds. After experiencing the worst of life he now wants to become a doctor and give back to his adopted country.
During the interview when asked what hope he had for his former country, he said. I hope that one day my country will become a democratic one where people would be able to express their opinions freely.
The hairs on my arms tingle when I’m able to write of these experiences. Saad has been awarded a scholarship at Monash University in Melbourne. His father, a former sales manager for a pharmaceutical company, also works as a labourer at the Catholic school.
Others of course see it differently.
“For many people, they won’t be numerate or literate in their own language let alone English. These people would be taking Australian jobs, there’s no question about that. For many of them that would be unemployed, they would languish in unemployment queues and on Medicare and the rest of it so there would be huge cost and there’s no sense in sugar-coating that, that’s the scenario.”
Peter Dutton. May 2016.
4 Which all rather reminds me of Senator Cormann’s comments that the Federal Government was already investing in domestic violence and a paid leave program would be expensive. Remember they took $300 million out and put back $100million.
“We just believe it’s another cost on our economy that will have an impact on our international competitiveness.”
Why is it conservatives have such little empathy?
My thought for the day.
”If you are not willing to learn then no one can help you but if you are willing too, then no one can stop you.”