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Joe Hockey: comedian

The Budget was released yesterday with the Government coming up with a slim $1.5bn surplus.

With the media being the way they are, of course there was no acknowledgment of the Government keeping its promise of a surplus.
Instead the talking head coverage was on two basic themes:

1. This budget is a bribe to get votes back for the Government. Of course this has NEVER EVER HAPPENED BEFORE IN THE HISTORY OF POLITICS.
2. This was an “election” budget, contrary to all logic that the election is next year and another budget will be handed down before that…despite the media wishing and praying for an election before then.

Then the cherry on top of the crapulence that is our media coverage was a rare gem from Joe Hockey.
Joe got up in front of the cameras and with a completely straight face said that this Government’s hand outs to the less well off was purely bribery and they weren’t going to stand for that, so they would be voting against it.
Seriously!!

Now as anyone older than 5 knows, the Howard government that Joe was a member of made an art form of the voter handout, and in fact got so good at it that they would throw us a $5 tax cut and expect us to worhsip the gournd they walked on for the privilege.
It’s hard to believe that anyone in politics could be THAT stupid (I know I know, Barnaby Joyce yada yada), but I think it’s more than that.

Either Joe is has such a breathtaking lack of self-awareness that he feels free to spout such unfounded dribble at the drop of a hat, or in fact he is a master at ironic comedy.
I see him as the next Elliott Goblet or Stephen Wright with that particular brand of observational humour with the ironic twist.

After all, as the Shadow Treasurer he couldn’t really be stupid enough to talk that much shit could he?

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  1. Neil of Sydney
    May 9, 2012 at 3:42 PM

    With the media being the way they are, of course there was no acknowledgment of the Government keeping its promise of a surplus.”

    That is because we will not know until September 2013. The surplus is supposed to be for the year ending June 30, 2013. The results are released in September 2013. Based on passed predictions it aint gonna happen.

    Only 12 months ago Swan said this years deficit would be $23B. He now says it will be $44B. We will find out the answer in September.

    • May 10, 2012 at 8:47 AM

      So how is this different from any previous Budget then Neil? I remember them being full of praise for the Costello budgets…why the difference now?

      Things have changed over the past 12 months Neil, hence the differences. As you said nothing can be guaranteed when outside forces have such a big impact…it’s Treasury’s best guess scenario.
      It’s still a mighty effort to aim for that surplus so quickly.

      • May 10, 2012 at 1:00 PM

        I think Neil is the comedian.

      • reb
        May 10, 2012 at 2:07 PM

        True it is a “mighty effort,” borne out of political necessity rather than fiscal logic.

        • May 11, 2012 at 8:45 AM

          And if they said they would run a deficit do you really think the Lame Stream Media or Noalition would accept that? It is truly damned if you do, damned if you don’t.

  2. reb
    May 10, 2012 at 2:06 PM

    I’d like to know why Joe isn’t delivering the budget reply…

    As Shadow Treasurer, shouldn’t that responsibility fall upon his shoulders…?

    Or could it be that Abbott doesn’t want him anymore near a microphone after his abysmal performances at the National Press Club?

    • Bacchus
      May 10, 2012 at 3:37 PM

      It’s always the LOTO reb…
      2011 = Abbott
      2010 = Abbott
      2009 = Turnbull
      2008 = Nelson
      2007 = Rudd
      2006 = Beazley
      2005 = Beazley
      2004 = Latham
      2003 = Crean

      You get the idea…

  3. reb
    May 10, 2012 at 3:52 PM

    Oh ok, thanks Bacchus…

    How disappointing, Joe would be far more hilarious….

    Although if Abbott works himself up into a hysterical fit of rage (which he is prone to do when allowed to talk for any lengthy period of time without interruption) that could well be entertaining too.

    • Bacchus
      May 10, 2012 at 4:08 PM

      Well we could hope for the “pass the parcel” trick from last year – you get three for the price of one and still no information πŸ™‚

      • reb
        May 10, 2012 at 6:52 PM

        Yes,who could forget that… ! πŸ™‚

    • May 10, 2012 at 6:58 PM

      I’m looking forward to a big huff and puff. A number of the Opposition could handle that. Abbott, Hockey, Pyne, reb, Barnaby.

      • May 10, 2012 at 7:00 PM

        What happened to my strike through? Reb was meant to have a strike. 😦

        • reb
          May 11, 2012 at 2:12 PM

          suuuure….. πŸ˜‰

  4. Neil of Sydney
    May 10, 2012 at 7:04 PM

    “Now as anyone older than 5 knows, the Howard government that Joe was a member of made an art form of the voter handout”

    One big difference is that Costello was running surplus budgets and could afford to hand some tax money back.

    Swan has gone to China and borrowed money and then is handing this borrowed money out. Anybody can do that.

    He has also brought forward the spending to this year so it will not appear in next years budget.

    Swan is very deceitful.

  5. May 10, 2012 at 7:46 PM

    “One big difference is that Costello was running surplus budgets and could afford to hand some tax money back.”

    Better still, Neil, he could have afforded to spend the money on a few important things. You know, like infrastructure, roads. πŸ™„

    • May 11, 2012 at 8:46 AM

      +1 Migs

    • Neil of Sydney
      May 11, 2012 at 9:06 AM

      Better still, Neil, he could have afforded to spend the money on a few important things. You know, like infrastructure, roads.”

      I think you will find they did and still ran a $20B surplus. Do you have any figures for what Howard spent on roads compared to what the Federal govt is now spending??

      WE know Labor has spent more on school assembly halls, but that is with money borrowed from China.

  6. May 11, 2012 at 12:57 PM

    What money are we borrowing from China? I’m afraid that one went over my head.

    • Neil of Sydney
      May 11, 2012 at 1:14 PM

      We borrowed money to spend on school assembly halls. It almost certainly was lent to us from China. I think they are buying lots of our govt bonds. This is where Labor gets the money to fund its govt deficits from.

      i think the point I was trying to make re:China was that anyone can fund things better when you borrow money we don’t have rather than funding things by spending within our means.

      But is Labor spending more on roads than Howard did??

      • reb
        May 11, 2012 at 2:12 PM

        “almost certainly” huh?

        • Neil of Sydney
          May 11, 2012 at 2:35 PM

          http://www.couriermail.com.au/news/national/worry-over-china-bankroll/story-e6freooo-1225698713739

          “CHINA is secretly helping to bankroll Kevin Rudd’s economic rescue plan as concerns grow over the its relationship with the Labor Government.

          The Courier-Mail can confirm that China is a significant investor in Australian government bonds – used by Canberra to fund billions of dollars in emergency spending.”

          • Bacchus
            May 11, 2012 at 3:25 PM

            Oh looky looky – the “journalist” in that article is none other than Steve “Utgate Slippergate” Lewis 😯 Then we have:

            “The Courier-Mail can confirm that China is a significant investor in Australian government bonds …”

            followed up with:

            “Market insiders believe China is buying 15 to 20 per cent of the $2 billion in Treasury securities being issued every week.

            This would make China the single biggest lender to Australia, although details of who owns the bonds are cloaked in secrecy.

            oops – what happened to “The Courier-Mail can confirm” 😳

        • May 11, 2012 at 4:38 PM

          What more proof do we need? If Neil is ‘almost certain’ then I reckon that’s fairly solid evidence. πŸ˜‰

          • Neil of Sydney
            May 12, 2012 at 12:15 PM

            Well if not from China our debt is being financed from overseas.

            http://afr.com/p/opinion/blame_it_on_the_bonds_F1sQViIeTXvcGS8zo6kb8J

            “a big increase in holdings in Australia’s bond and foreign exchange markets by overseas investors, specifically official investors such as central banks and sovereign wealth funds in Asia, the Middle East, Europe and Latin America.

            They are by far the biggest holders of Australian government bonds, with an 85 per cent share of the $220 billion stock of commonwealth government bonds.”

    • jane
      May 14, 2012 at 12:29 AM

      What spending? How much does a flagpole cost? And can you hold an assembly in it?

  7. Neil of Sydney
    May 11, 2012 at 6:10 PM

    Does anyone have any data if Labor is spending anymore on roads and rail than Howard??

    You would hink they would be since they are running a $44B budget deficit. Would be nice to think they are spending the borrowed money on something useful.

  8. May 12, 2012 at 2:23 PM

    Neil, is it China or not?

    You really are making things up, aren’t you?

    • Neil of Sydney
      May 13, 2012 at 12:47 PM

      You can tell an ALP supporter. he tries to smear his opponent. Does it really matter it is China or not?? The main point from my link is that 85% of our debt is funded from overseas.

      By the way do you have any evidence that Labor is spending more on road and rail than Howard was ??

    • Bacchus
      May 13, 2012 at 3:54 PM

      Do you have any evidence that they’re not Neil? – you want to know – you do the research πŸ™„

      • Neil of Sydney
        May 13, 2012 at 4:35 PM

        If you are talking about road spending it was Miglo who made this statement

        “Better still, Neil, he could have afforded to spend the money on a few important things. You know, like infrastructure, roads”

        So the implication is that Howard did not spend much on roads. I just want to know if it is true. I do know that Howard spent more than Labor party supporters say.

        http://www.budget.gov.au/2005-06/ministerial/html/dotars-19.htm

  9. May 13, 2012 at 6:15 PM

    Oh FFS Neil, go and do your homework.

    • Bacchus
      May 13, 2012 at 6:35 PM

      Like talking to a block of wood, isn’t it Migs? πŸ˜‰

      Once again with feeling: πŸ˜†
      Neil – you want to know – you do the research!

      • Neil of Sydney
        May 13, 2012 at 8:04 PM

        Bacchus

        It was Miglo who implied that Howard did not spend enough on Infrastructure/Roads.

        I assume he must have some knowledge about what Labor is now spending to make such a statement. So I asked him to provide some information.

      • Neil of Sydney
        May 14, 2012 at 10:42 AM

        The other thing Bacchus is that I do not need to do the research. I always take the view that ALP supporters are twisting the truth unless proven otherwise.

        I was told for years that Howard spent nothing on infrastructure. I now know that is not true.

        • May 14, 2012 at 4:36 PM

          “Do not need to do research”.

          Neil you have just highlighted the problem so many people have with your commenting…facts are irrelevant to you. No matter how correct someone’s statement may be you will disregard it because you don’t do your own research and you “believe” things differently.

          Congratulations, you are Abbott’s target demographic.

          • May 14, 2012 at 5:49 PM

            Well said, Massive. πŸ™‚

          • Neil of Sydney
            May 14, 2012 at 7:32 PM

            No facts are not irrevelant.

            From experience I have found when I have time things that ALP supporters are wrong. I was told many times that Howard did not spend on infrastructure. Well have a look at this link

            http://www.budget.gov.au/2005-06/ministerial/html/dotars-19.htm

            Did Howard spend nothing on infrastructure??? Is Labor now spending more than Howard did?? I would suspect that Labor is doing no better than Howard and maybe worse on road and rail. I will admit Labor is spending more on school assembly halls.

        • Bacchus
          May 14, 2012 at 8:41 PM

          Very good Neil – now can you find what Labor budgets allocated in 2008, 2009, 2010, 2011 & this year? Then you’ll have your answer πŸ™‚

          • May 14, 2012 at 9:08 PM

            There you go, Neil. Mr Bacchus has given you your homework off you run like a good boy.

            You’ll be tested tomorrow.

  10. May 13, 2012 at 8:17 PM

    Neil, your gravatar, did you draw that at school?

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