My politics are "agnostic"
- I think the political system and policies of Labor and Liberal are both
good.... however I am not cool with lies and deceit!
The Australian's article this
morning ht a chord with me
The $250bn cost of Kevin Rudd: a tale of waste and spending
- HENRY ERGAS AND JUDITH SLOAN the Australian
"THE
era of Kevin, interrupted by the Julia interlude, has been a roller-coaster
ride. Having promised fiscal conservatism, the excuse of the global financial
crisis unleashed a period of rapid growth in government spending, successive
budget deficits and mounting public debt under Kevin Rudd's guidance.
Now, with Rudd's return,
Labor has launched a charm offensive that seeks to whitewash the past: it is as
if aliens from Mars, fortunately departed, had been in charge. But the damage
of that era cannot be wiped out so easily.
Will the electorate
forget Rudd's past as he seems to have done?"
... so here it goes!!
Before Australia can
continue to go forward economically, we need to identify what the problem is
before we can fix it...
What is that problem?
Is it Bad fiscal
management?
"The Commonwealth's
balance sheet has shifted from $44.8bn in net assets when Rudd took office to
$161.6bn in net debt this year..... a $206b turnaround!
a shift from a budget
cash surplus, averaging 0.9 per cent of gross domestic product during the
Howard years to a cash deficit that exceeded 4 per cent of GDP in 2010. "
This in itself might not
be a bad thing.....has the money been used for good purpose. It is interesting
to provide a score of 1 - 10 on the following questions (KPI's)
- Has that debt resulted in an increased asset base for
our country, that will lead us to sustainable growth for the future?
- Stave off the negative effects of a worldwide GFC
- Are the people happier, better off, worse off?
- Has our infrastructure improved?
- Roads, trains, bridges, education, healthcare,
security, leisure time, etc?
- Sustained benefit for the community - such as
healthcare, edcation , security
- If they spent to facilitate commercial enterprise and
SMEs
- export,
- r and d,
- innovation,
- infrastructure,
- workplace education,
- leadership programmes,
If the blowout was to
support something that is beneficial for the shareholders (the people) that
generates revenue and sustained benefit instead of trying to kill
business, they would have lots of revenue and could spend what they have.
But they seem to
just keep going back for another piece of the beheaded Golden Goose and
seem to spend it on unsustainable
Joe Hockey's comment
"We don't have a Revenue problem, we have a spending
problem." should be finished by .... "on things that
are not sustainable or beneficial to the public!"
The past decade from
mining has resulted in a massive revenue windfall.
Increase demand of
resources to china and India and massive increase in the price of steele ($30
to $130 per tonne).
What are the things we
can do to make this revenue sustainable?
What did we do with this
revenue?
Did we spend it on
infrastructure that would increase productivity?
Or
Did we blow it all on
tax cuts and subsidies to inefficient private services, wasteful programmes
(batts, school rorts) ,public bureaucracy (increased politician wages), badly
managed programmes (blowout of NBN)
What if we took
the wasteful spending out of the picture... Imagine it
was never spent...however, continue to support stimulus in a sustained
way.....where do you figure the budget would have been today?
Surplus or Deficit
2. Is it Bad Leadership
-
The government needs to
be responsible governors and leaders
Living within your means
shouldnt just apply to consumers and business... It should apply to government!
Spending capital and
debt is a good thing, which can create wealth for individuals, corporates and
countries.
however
The debt has to be good
debt!
Debt that is used for
sustained growth and benefit for the future of the country.
But they just keep going
back for another slice of the beheaded Golden Goose !!
It's ok to spend from
capital or debt, as long as their is a reason or a plan that this spend will
ensure growth and sustained surplus where more money will come in than go out!
Core values
If management
- stuff up
- lie
- don't perform
they need to be held
accountable and fired..... I have never seen a CEO that has been fired
for incompetency bad management and bad leadership be returned by the board!
It seems ok to the
Electorate (the shareholders) for our leaders to lie and cheat and backstab.... Just
because "that's what politicians do"
This is an inditement to
ourselves, the people!! The shareholders should call a meeting to replace
the board and the returned CEO!
HERE'S THE THING!!!
Shit happens, budgets
blow out, business turns around, ventures fail.... That's OK, and can be rocks
that seem to be in the way, that can act as stepping stones later on! (thanks
Paul :))
But if the core values
and ethos is where lies and deceit and mismanagement is OK, the end of
prosperity is near .....
And that is what the
real issue is!
The credibility of this
government is questionable. They do not have the moral authority to remain in
government, nor can we vote them in based on competent leadership and
governance....
Whether it was a Liberal
or a Labor government.... My comment above would be the same!
THE OPPORTUNITY
Australia has the
opportunity to be the shining light to the world.
We have it all
Resources, Beauty,
Peace, Multiculturism, Racial and Religious tolerance,, Good
people, Free press, Great Climate, Good
Education, Innovative People, Strong International Relationships
and a strong Moral Compass
(Just remember Kevin, we
were all immigrants, many of us refugees)
Let’s use these assets
to build an awesome nation with a sustainable future for ourselves, our
children and our future generations...,
Let’s leave our kids an
amazing legacy....
We need great leadership based on core values of truth not lies!
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