2012 Australian Budget

[blackcactus]

It's a clever budget

The really big savings came from areas that will not likely impact on the economy

1. Defence, where most of the money is spent on foreign equipment
2. Foreign aid, obviously not spending in the domestic market
3. Super benefits reduced for those over 300k, this group wont stop spending any-time soon

The company tax reduction of 1% was always going to be challenged by the opposition, companies didn’t try and lobby the opposition to try and change their position, instead they stayed silent, the government frustrated with the company heads decided to pass on the mining tax directly to the public as the school bonus, which under political pressure the opposition has now supported, so that one is going through unopposed

Basically it's a political budget that gets marks for fairness, particularly in areas of Dental care, Disability benefits, and tax breaks for those on low income, it does try to encourage people to go back to work, as well as reducing the benefits of those on very high incomes

Fiscally it is the tightest budget in over 20 years, with a potential modest/decent reduction in our deficit

I would have preferred a better deal for small business, but no one lobbied the opposition, only the Greens had anything to say regarding a solution

Throwing money at school parents smacks of the same politics of the Howard’s baby bonus, purely political which is disappointing but understandable in the light of Labor's poor polling

That's how I see it anyway

Cheers

[julie]

yes please throw some money at school parents BC< so maybe my son can stop working in the factory and go to uni because I am not in receipt of any income to support him....

[julie]

• Additional funding will be provided for the Tax Office to manage tax debt.

Thank GOD
Adelaide debt staff permanent workers were 150 as at 1 August 2005
Today, there are less than 40, through natural attritution and some retrenchments 2 years ago, saving money to pay for an incompetent archaic computer system that took years to implement and blew over budget to the billion dollar mark

Debt collections is very important, most are deliberately evading tax, and have the smarts on rorting with directors deliberately running companies into the ground, and very cleverly having the matrimonial home in their wives' names so could not be pursued until other policies came through, start up new companies and so on,...phoenix companies.

There is a huge proportion of the workforce that does not pay tax, evades, defrauds and it is not just limited to companies or small business, but individuals too, and there has been a large push in the cash economy with audits

There are only a very , minute minority of people that are facing extreme financial or medical hardship, and debt collectors are well trained, and able to assist these people ....

There needs to be an outlay in collecting unpaid taxes, and am unable to disclose amounts pursued, but suffice to say, this country is rich, and should never be in a position of deficit in any , way shape or form

I applaud the outlay in more staff, I know how the existing debt collectors are run into the ground, overworked, and exhausted from impossible bench marks to achieve, so the fat cats can achieve their quarterly bonuses, whilst providing a quality service to the community, to benefit the economy.

Another bone of contention re the ATO.......the Commissioner of Taxation awarding himself a 350 000 pay rise, to 8500000 annual salary....what does HE do..........whilst he cut the debt staff NATIONALLY down to less than 600 level APS3 (the ones that actually do any work)

[julie]

Something that the government is failing to do yet again.......

Our building industry is in a state of collapse, there are no incentives to boost infrastructure which will flow on with employment, spending and confidence in the market

For the first time in the 30 years have been following the real estate market in conservative South Australia, house prices are still FALLING, banks are not lending, and mortgagees in possession have gone through the roof
South Australia is in the reverse market NSW experienced 6 years ago....the most conservative state in Australia has falling house prices , houses are sitting on the market for over a year, and there appears to be no end in sight.
The building industry has slowed down to the point tradesmen do not have available work....WHY DOES THE GOVERNMENT not invest in a traineeship scheme making it advantageous to hire apprentices? Children with university degrees are working in supermarkets as casual staff, and that is if they know someone that can get them in

When employment figures are quoted they are BULLSHIT....a casual employee working one 3 hour shift per week is cited as being gainfully employed, unemployment is rising, our health care system is a joke

Onto the health care system....
I cannot afford private health am not drawing an income or a pension
A few months ago was feeling more unwell than usual, and was admitted to Flinders 8 weeks ago as an emergency patient, found lymph nodes all swollen, and some pretty growths in one of the regions.....

NO BEDS....there were no beds to admit me, was asked several times if I was sure I had no private health insurance..There were people with IV drips on ambulance guerneys in the CORRIDORS of the hospital , one told me was there for 3 days..was placed in the extended care emergency department for a few days UNTIL......

10 beds in the extended emergency department, assessed on critical care, out of these there were SIX MENTAL HEALTH PATIENTS....3 security guards...one poor wailing woman in there, one male spitting on every female waling to the toilet and punching the males ( he took a liking to me apparently and would rip my cubicle curtain open and show me what he had under his gown).....the government sold off Glenside to a property developer and these people need help, yet are turned onto the street and then taken into the emergency departments of the hospitals where the mental health wards are already full......

I was never so grateful to be discharged and treated as an outpatient on a day basis...

The public health system in South Australia is in diabolical dire straits, what is the government going to do to fix this horrid situation?

[Risto the Great]

Nothing for small business. Small business employs much of Australia. Small business is really suffering at the moment.

Julie ... some horrifically sobering personal experiences there! Bloody hell chupche.

[Vangelovski]

Originally Posted by Risto the Great

Yes you did.
The commies think they will make a surplus in 2013 which will reduce the debt you noted above by about 0.6%.

I'm willing to bet there will be no surplus and that the the budget will be well and truly blown by both expenditure and less revenue then expected.

[makedonche]

Originally Posted by blackcactus

It's a clever budget

The really big savings came from areas that will not likely impact on the economy

1. Defence, where most of the money is spent on foreign equipment
2. Foreign aid, obviously not spending in the domestic market
3. Super benefits reduced for those over 300k, this group wont stop spending any-time soon

The company tax reduction of 1% was always going to be challenged by the opposition, companies didn’t try and lobby the opposition to try and change their position, instead they stayed silent, the government frustrated with the company heads decided to pass on the mining tax directly to the public as the school bonus, which under political pressure the opposition has now supported, so that one is going through unopposed

Basically it's a political budget that gets marks for fairness, particularly in areas of Dental care, Disability benefits, and tax breaks for those on low income, it does try to encourage people to go back to work, as well as reducing the benefits of those on very high incomes

Fiscally it is the tightest budget in over 20 years, with a potential modest/decent reduction in our deficit

I would have preferred a better deal for small business, but no one lobbied the opposition, only the Greens had anything to say regarding a solution

Throwing money at school parents smacks of the same politics of the Howard’s baby bonus, purely political which is disappointing but understandable in the light of Labor's poor polling

That's how I see it anyway

Cheers

BC
Not far off the mark at all mate!