HONEST, I’M ALL EARS
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
Professor Ross Garnaut says China’s growth rate is set to fall by 25 per cent. But Mr Garnaut is prone to exaggeration, after all it was he who suggested we needed desalination plants as our dams would soon be dry and, wait for it... South Australia would be permanently under water due to increased sea levels.
A Kevin Rudd appointee as chief global warming scaremonger, along with his fellow “academic” galah, Tim Flannery, have already made conspicuous fools of themselves, so now Garnaut has found a new scary prediction. Only this time he is at least partially correct.
It’s impossible for any country to maintain a constant growth rate in excess of 10 per cent and China’s expansion was geared for 20 years ahead with dozens of fully infrastructured cities lying vacant waiting for the middle class to catch up. It had to take a breath at some time
Of course Labor/Green spent on the basis that the China boom would never subside, and Abbott promised whatever they promised. Gonski, the NBN and the NDIS amounted to $100 billion we simply never had.
And with Gillard chucking borrowed money around like confetti at a same sex marriage, slipping a cool $11 million into Hugh Jackman’s pocket during lunch, throwing untold millions to African States in exchange for UN votes, chucking $40 million at a tilt for the corrupt FIFA’s World Cup for which Australia received one vote, and $500 million for promoting women in Pacific nations and, and... how long have you got?
Blimey, she and Rudd were determined to leave a debt that Abbott could never repay without losing Office in the process.
What incentive is there for Abbott to fight for a surplus when it will not only cost him government but the incoming Labor/Greens will spend whatever surplus he’s been able to accumulate in the first week?
But PM Tony Abbott’s promise of a boring, steady as she goes budget has not only sent the wrong message to the obstructionist Labor/Green Senate, the entire commercial world is screaming emergency.
As usual, Labor/Green wants Australia to spend its way out of the fiscal hole Labor/Green created. They spent their way into it and now they want Abbott to spend his way out of it... I guess the ideal time to play ostriches and buy a new car and go on a first class overseas holiday is when you’re up to your ears in insurmountable debt!
The only thing Labor/Green has come up with so far is increasing the company tax rate (already at 30%) and stopping multinationals from profit shifting.
Now, it’s clear that no Labor/Green has ever run a successful business, otherwise they would realise that multinationals operate multinationally and quite legally declare their profits in the nation with the most reasonable tax rates. If they don’t do that, then they had better have a good excuse for the shareholders.
For instance, State Governments offer State tax incentives to attract businesses from other States. Labor/Green wants to take the opposite course and incentivise multinationals to go elsewhere, taking their management, production, workforce and R&D with them.
How many multinationals want to pay Australian unions’ pay rates anyway? There is already a multinational outflow to anywhere but here.
Oh yes, Labor/Green and the Left media want negative gearing dumped too. A certain Paul Keating abolished negative gearing in 1985 and had to hurriedly reverse the move when his constituents’ rents went through the roof, cranes disappeared from the skyline and white goods sales crashed. How short are these galahs' memories?
Only Abbott stands in the way of a Shorten Government (an horrific thought) and if he and Hockey ever cajole the Senate into getting our debt down to manageable proportions, then deficit spending must be limited to 5% above that of GDP, except in time of war.
In the meantime cut all budget outlays across the board by 5%, cut ADF procurement by 50%, flog assets, cut QUANGOS by 50%, slash higher education outlays, cut the CSIRO by another 10%, abolish the ABC and SBS, amalgamate our six security agencies, reform welfare rorts (or are there really one million disabled Australians?) and stop $600 million in aid to Indonesia (they have more money than we have).
And put a stop to this bloody billion dollar halal tax on everything we buy... that’s the easy one!