Is the budget going to trigger a recession?
Jun 4th 2014, 8:36 pm
#46
Forum Regular
Joined: Apr 2013
Location: .
Posts: 235
Re: Is the budget going to trigger a recession?
And yesterday the economy was reported to be in fine shape for the 23rd (24th ?) year in a row. growth 1.5 ytd projected at 3.5 for the year.
In spite of ,not, because of, any of these incompetent , untruthful , recent Australian governments at state, federal --or local levels.
So we definitely need to chisel away at our OAP's already less than modest stipend , at all three levels of administration , Federal, State and Local , all at once.
The gov getting into medical research--right-- do they think the drug companies can't cope well enough in fleecing us already ???
Watch that space for the rorts to begin.
In spite of ,not, because of, any of these incompetent , untruthful , recent Australian governments at state, federal --or local levels.
So we definitely need to chisel away at our OAP's already less than modest stipend , at all three levels of administration , Federal, State and Local , all at once.
The gov getting into medical research--right-- do they think the drug companies can't cope well enough in fleecing us already ???
Watch that space for the rorts to begin.
Jun 5th 2014, 4:02 am
#47
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Is the budget going to trigger a recession?
And yesterday the economy was reported to be in fine shape for the 23rd (24th ?) year in a row. growth 1.5 ytd projected at 3.5 for the year.
In spite of ,not, because of, any of these incompetent , untruthful , recent Australian governments at state, federal --or local levels.
So we definitely need to chisel away at our OAP's already less than modest stipend , at all three levels of administration , Federal, State and Local , all at once.
The gov getting into medical research--right-- do they think the drug companies can't cope well enough in fleecing us already ???
Watch that space for the rorts to begin.
In spite of ,not, because of, any of these incompetent , untruthful , recent Australian governments at state, federal --or local levels.
So we definitely need to chisel away at our OAP's already less than modest stipend , at all three levels of administration , Federal, State and Local , all at once.
The gov getting into medical research--right-- do they think the drug companies can't cope well enough in fleecing us already ???
Watch that space for the rorts to begin.
Not saying this is you Basho, but what I am saying is that I'm quite proud of my parents for taking it all on the chin and doing something about their situation, even though the preference was to remain in their city pad close to family and friends. I asked them the other day what they thought about TB's budget and they said "well we knew many years ago that govt pensions were going to be reduced, that's why we saved heavily for super. But now that we have no super, the pension is actually pretty good. A lot more than we expected"
Jun 5th 2014, 5:36 am
#48
Forum Regular
Joined: Apr 2013
Location: .
Posts: 235
Re: Is the budget going to trigger a recession?
My elderly parents had a nice little super package. They never anticipated for a minute that they would need to rely on the govt. Then suddenly in 2008 all their super got wiped away because the foolishly had all their eggs in one basket. So now they are on the pension. They also wanted a little extra cash to go on holidays and buy a car that would see them through to death so they sold their city digs last year (their first down sizer) and moved 3 hours down the coast to their second downsizer to free up some cash. They moved away from all their family and friends. On the upside the got a great pad on the beach.
Not saying this is you Basho, but what I am saying is that I'm quite proud of my parents for taking it all on the chin and doing something about their situation, even though the preference was to remain in their city pad close to family and friends. I asked them the other day what they thought about TB's budget and they said "well we knew many years ago that govt pensions were going to be reduced, that's why we saved heavily for super. But now that we have no super, the pension is actually pretty good. A lot more than we expected"
Not saying this is you Basho, but what I am saying is that I'm quite proud of my parents for taking it all on the chin and doing something about their situation, even though the preference was to remain in their city pad close to family and friends. I asked them the other day what they thought about TB's budget and they said "well we knew many years ago that govt pensions were going to be reduced, that's why we saved heavily for super. But now that we have no super, the pension is actually pretty good. A lot more than we expected"
Hey hey Beoz , your parents aren't close to being Robinson Crusoe , the fact that I'm in Hervey Bay when I've spent 80% of my last 40 working years in Sydney may give you a clue as to my personal mirror of your parents circumstance.I somewhat resent on your parents and others behalf the "foolishly had all their eggs in one basket" comment, many very clever people got savaged in that 08 mess and for many older ones it wasn't the first time around either.
There were no indicators that I am aware of that there would be pension reductions outside of the speculatory other than asset tested pension adjustments being more rigorous in nature and more stringently applied.
Quite simply all budgets current and pending in the next month or two (Federal, State , Local Council) all single out and disadvantage OAP's as a demographic.
I find this onerous to the extreme.
Last edited by BASHO; Jun 5th 2014 at 5:40 am.
Jun 5th 2014, 4:46 pm
#49
Lost in BE Cyberspace
Joined: Nov 2003
Location: Scotland
Posts: 7,949
Re: Is the budget going to trigger a recession?
Jun 8th 2014, 10:38 pm
#50
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Is the budget going to trigger a recession?
Hey hey Beoz , your parents aren't close to being Robinson Crusoe , the fact that I'm in Hervey Bay when I've spent 80% of my last 40 working years in Sydney may give you a clue as to my personal mirror of your parents circumstance.I somewhat resent on your parents and others behalf the "foolishly had all their eggs in one basket" comment, many very clever people got savaged in that 08 mess and for many older ones it wasn't the first time around either.
There were no indicators that I am aware of that there would be pension reductions outside of the speculatory other than asset tested pension adjustments being more rigorous in nature and more stringently applied.
Quite simply all budgets current and pending in the next month or two (Federal, State , Local Council) all single out and disadvantage OAP's as a demographic.
I find this onerous to the extreme.
Jun 8th 2014, 10:48 pm
#51
Lost in BE Cyberspace
Joined: Dec 2010
Posts: 14,040
Re: Is the budget going to trigger a recession?
Hey hey Beoz , your parents aren't close to being Robinson Crusoe , the fact that I'm in Hervey Bay when I've spent 80% of my last 40 working years in Sydney may give you a clue as to my personal mirror of your parents circumstance.I somewhat resent on your parents and others behalf the "foolishly had all their eggs in one basket" comment, many very clever people got savaged in that 08 mess and for many older ones it wasn't the first time around either.
There were no indicators that I am aware of that there would be pension reductions outside of the speculatory other than asset tested pension adjustments being more rigorous in nature and more stringently applied.
Quite simply all budgets current and pending in the next month or two (Federal, State , Local Council) all single out and disadvantage OAP's as a demographic.
I find this onerous to the extreme.
