Alan Kohle – finance presenter on ABC News, said: Abolishing the carbon tax will cost real money – $13.7 billion over four years – because unlike the minerals resource rent tax (MRRT), it would have actually worked. He postulated that the repeal of the MRRT and its associated spending measures produces a net GAIN to the budget over four years of $9.5 billion … and this was supposed to be a tax. This makes interesting reading, the MRRT is a tax that is a net gain to the economy and the repeal of Carbon Pricing is a cost. Now we are starting to understand that the Senate is on about – is expected to vote for costs at a time when someone or something declared ‘budget emergency’.
Jokingly, a near neighbour suggested the best way to tackle the deficient is to remove the cabinet from our executive. It makes some sort of sense if you consider the spin doctors make up the words, the power brokers approve and the Ministers mouth the words with Shakespearean gusto, and possibly cannot answer simple questions outside the script, often saying when asked to do so – I am not the author Ill get the person that wrote it to answer? It would reduce our deficit would it not?
But far more damaging is what our trading neighbours think…Great conversation with a phone call coming in from …….. yesterday afternoon…have confirmed our first ……… be shipped to us end of January, plus additional projects (really interesting ones) over there. They also provided some friendly political advice that our esteemed PM was doing considerable harm in Asia and needed a bit of “polishing”…… brought gales of laughter and the comment that this is why he was not being taken too seriously at the moment because it was not believed he was a true reflection of our community feeling.
Are our Asian neighbors right? What is so sad about this story is that originally, the project mention above was mooted to be manufactured in Australia – government programs were solicited and proved difficult. It also seems incredulous that the program administrators expect the bankable is sufficient because they approve or disapprove through a program. If you go to the bank with that view they are likely to say government is irrelevant – It is starting to sound like a prophesy, is it not!
Then someone said something ridiculous – I thought they were ‘nomads’ – but they get angry when I TALK TO THEM – The joke is in ‘no mads’ OK!