Australia's Liberal Party

Discussion in 'General Trading Discussion' started by Trooper, May 18, 2014.

  1. Trooper

    Trooper Member

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    Now this is fairly interesting. Many of you probably thought the US government and Euro levels of budget deficits were sky high. And they were. But it appears Australians had a far lower threshold than most, electing to vote out a party that kept budget deficit levels at 4-5% and opting for one with a closer alliance to traditionally conservative policies.

    This party promises to revamp state-sponsored agencies with a historic level of support in Australia, such as social security. high labor costs, education and housing subsidies and free healthcare (keep in mind Australia is among the top 5 countries in the world for healthcare coverage and provision). These programmes are far more firmly entrenched in the Aussie way of life than in most countries. Similar proposals were resoundingly rejected by the US Electorate despite far higher budget deficits and far less of a tradition in the same.

    What really does this mean and imply? Do you believe these sort of measures are premature for a country as prosperous as Australia? Or do you believe the eventual tail-off in the mining boom necessitates harsh fiscal policy and market smarts? Who's on the right side of history and economics?

    http://www.bbc.com/news/business-27387455
     
  2. JackHark

    JackHark Active Member

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    I feel that too many times people prepare too late for adverse outcomes. I personally think the new budget is actually reasonable, and should hopefully put Australia in a good position for years to come.
     
  3. BudFox

    BudFox Well-Known Member

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    It's a long term view economically and one that is rare these days. I'm in favour of it as it means little measures can be brought in slowly over time that don't rock the boat as savagely as some of the emergency Eurozone austerity measures did.
     
  4. JackHark

    JackHark Active Member

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    Oh my god! Finally someone can see past the immediate "threat" of this budget, and isn't spazzing over the $7 co-pay. I swear my Facebook feed is filled with ignorant idiots rambling on and on about how bad this budget will be for Australia. Yeah, I know it's not perfect but it is certainly an improvement for the future.
     
  5. turt

    turt Guest

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    Yup, finally a government that is taking some sort of responsibility! I do find the retirement age of 70 to be a little crazy. Most (not all) people that age will not be as productive as they were in the past and that might cost the their jobs.
     

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