Amazing to see the UK government trying to do all the old hackneyed 'cuts' and so on as a more conservative one in Oz tried to for the last 10 years and got no-where.

Will we ever get inspired politicians again?

I thought the past few years in Oz had financially been remarkably successful - didn't they avoid recession entirely?

yes really completely avoided recession because Rudd pumped billions back into economy..everyone including the unemployed basically bought huge flat screen TVS !! (but how soon they forget !..also shows how dangerous Murdoch is..a PM with 70% approval can be demolished when he gets on the case)

but much easier to do when there is plenty of money from flogging recourses off to China and a small population.

But the logistics of welfrae cuts just do not work as Duncan Smith fill find out. Every measure they brought in in Oz got quietly dropped.

That will happen soon with housing subsidies in the UK being cut back...watch the screaming in the property sector when property prices slide!

Also-expect the BBC decimation to begin asap. Especially in news Ltd media.

veritas wrote:
Amazing to see the UK government trying to do all the old hackneyed 'cuts' and so on as a more conservative one in Oz tried to for the last 10 years and got no-where.

If not "cuts" - how do you propose we reduce the HUGE budget deficit?

Why do you think the Ox government "failed" ?

In The Know wrote:
veritas wrote:
Amazing to see the UK government trying to do all the old hackneyed 'cuts' and so on as a more conservative one in Oz tried to for the last 10 years and got no-where.

If not "cuts" - how do you propose we reduce the HUGE budget deficit?

Why do you think the Ox government "failed" ?

Oz government will probably survive with independents ..it was battered by the most disgraceful Murdoch campaign I've ever witnessed first begun against Kevin Rudd who wanted to introduce a new tax on minerals-where all Oz wealth comes from and which is making a handful of Murdoch cronies into billionaires.

Even today as 2 sides battle for power...the media (but mainly Murdoch lies and lies..not only did the voters not go conservative, they actually swung further to the left..which is demonstrated with 9 Green seats in the Upper House making them the kingmakers !

As to deficits..corporate welfare in the UK is out of control (not the kind that builds jobs) and the UK govt (like the USA) has allowed coporate taxation to be rorted like crazy. If corporations paid their fair share there would be a small deficit.

But why not a deficit ?..it's the old conservative manifesto (who ever said there shouldn't be a deficit ?..it's like saying you should never have a mortgage !

Besides...make the future generations pay I say..why should they get a society for free ??

and again...all the old cuts in Oz over the past 10 year had to be re-implemented from 2007 but cost twice as much..hospitals, infrastructure run down and so on.
(oddly..there is always endless money to go to war !)

veritas wrote:

If corporations paid their fair share there would be a small deficit.

Not so, veritas ... the deficit it largely due to free-spending Labour. If we taxed Corps more ... they would simply move away (creating even more employment).
Why should the productive ones subsidise the layabouts ?

[quote]Besides...make the future generations pay I say..why should they get a society for free ??[/unquote]

My understanding is that if there are not huge cuts immediately then the repayments alone will be 140 BILLION by 2014 ! Then there will have to be cuts to just pay the interest - and the cuts will go on forever as the principle will never be repaid.

Being in Oz (what, 5 million population ?) is entirely different to being in this over-populated island where there are people who have been scrounging for more than a decade ! There are simply not enough working now to pay for them !

In The Know wrote:
[quote]veritas wrote:

If corporations paid their fair share there would be a small deficit.

Not so, veritas ... the deficit it largely due to free-spending Labour. If we taxed Corps more ... they would simply move away (creating even more employment).
Why should the productive ones subsidise the layabouts ?

Besides...make the future generations pay I say..why should they get a society for free ??[/unquote]

My understanding is that if there are not huge cuts immediately then the repayments alone will be 140 BILLION by 2014 ! Then there will have to be cuts to just pay the interest - and the cuts will go on forever as the principle will never be repaid.

Being in Oz (what, 5 million population ?) is entirely different to being in this over-populated island where there are people who have been scrounging for more than a decade ! There are simply not enough working now to pay for them !

Well said ITK,unfortunately we live and die in a global economy,and have to obey the rules that people with money can leave with it.We have to compete to keep companies here,and yes the last government drove away many,we can't afford that to continue.

you are both mis-reading me.

(Oz population is about 22 million)

Yes the 'global' economy is part of the problem and Nu Labour) it's no longer a 'Labour' party)helped create that.

Corporations do not need to be taxed more, just pay the tax they should. News Corp is perfect example but most large corps are like them..weaving complicated tax shelters (with the aid of compliant governments) they avoid paying tax in the countries they make a profit.

It's facsism ( corporatism) that has sneaked in with the aid of governments.

Nu Labour helped drive artificial parts of the economy like the property market which began under Thatcher with the silly idea that everyone should own a house..just like the USA which is where the disaster began.

The UK need to go backwards..2 parties..one to the left and one to the right..not 2 right/center parties as Oz & UK has had also for 10 years...or the USA since they shot Kennedy who was a lefty)

That way real policies are presented to choose from.

Sorry for under-populating Oz .... didn't realise there were as many as 22 million !

You are right about News Corp ... they have hardly paid tax for years, but you cannot entirely blame them for taking advantage of the rules?

For example, Sky TV was losing billions for years (as it had to spend on programming till it built-up its customer base) but Murdoch simply offset the loses on one business against the profits on the others. Hardly "breaking the rules", is it? An option open to everyone.

Believe me, I am no friend of Murdoch, but the way to get at him is simply to ignore his products ... not buy them and then complain about how rich he is LOL !

of course people will take whatever advantage they can..it's up to governments to regulate and they all abrogated that responsibilty decades ago.

yes lots of Ozzies... probably 5 mill from Britain alone.