Australia's projected annual deficits worsen by $7.5 billion

[thaibeachlovers]

2 hours ago, elgordo38 said:

Just checked Google we stand at 7.4 billion souls. The soul is slowly being squeezed out of this human body through fear and manipulation thus we are getting so many nut job politicians the list is endless. Yes the number of humans the planet can sustain is long past. Yes I agree the world is doomed there might be 40 to 50 years at best left. As we leave this mortal coil we can at least say we did it our way and not the way of big business well to some extent. Oligarths are everywhere in different shapes and sizes. After robotics and AI gain a foothold the common man will have no choice but to resort to extreme violence just for the basics of life food and shelter. I think we will live in a Terminator style world maybe with a bit of Running Man thrown in to placate the upper class. We will after all be the Expendables. 

Well, we are certainly the deplorables!

[ilostmypassword]

12 hours ago, thaibeachlovers said:

If there are not enough jobs, why is the government allowing immigration, and not making it more difficult to have children? I have my viewpoint, but the language I would use would have this reply deleted.

If anyone thinks it's bad now, just wait till AI comes in and all means of production are automated! Australia will be lucky to have 700,000 actually working.

Yet, governments are ignoring it while it is already happening.

This is a very strange comment.  You can't have an economy without people.  You see, people create demand. So the question isn't about more people, but what kind of people Australia allows to immigrate. If they're the kind of people who can consume a lot of what the economy produces and create products or services that are in demand, then that's a good thing from an economic point of view. If they're the kind of immigrants who don't have the means to consume much and no useful skills then that's a bad thing. But simply saying letting in more people is harmful to the economy, is just plain wrong.

[elgordo38]

2 hours ago, ilostmypassword said:

If they're the kind of immigrants who don't have the means to consume much and no useful skills then that's a bad thing. But simply saying letting in more people is harmful to the economy, is just plain wrong.

Yes they will have the means to consume the money that you contribute to their welfare. Useful skills are far far between in this lot. The main problem is they all have Iphones and the GPS on them point to you as the promised land. 

[anotheruser]

Australia will continue to decline because of the state of the mining industry. The uranium mines might get a boost out of Trump but that's about it. Australia doesn't produce anything meaningful on a global scale. Out of the way back water that has made the business climate one of the most unfriendliest places in the world to do business.

 

There isn't much potential in the future given the current circumstances. Look for rents to go down on the domestic market and prices to go up for consumer goods. 

[thaibeachlovers]

1 hour ago, anotheruser said:

Australia will continue to decline because of the state of the mining industry. The uranium mines might get a boost out of Trump but that's about it. Australia doesn't produce anything meaningful on a global scale. Out of the way back water that has made the business climate one of the most unfriendliest places in the world to do business.

 

There isn't much potential in the future given the current circumstances. Look for rents to go down on the domestic market and prices to go up for consumer goods. 

That could apply to most of the western world. Norway would be an exception as they saved their oil money.

Britain wasted their North Sea oil revenue on paying benefits to no hopers and squandered it on stupid social programs. I guess Australia did the same with the money they got from the mining boom.

[AlexRRR]

The Current government and the previous labour government are and did governed with there hands tied, both parties struggled to push through legislation so what do you expect?

 

We keep voting for the stalemate.

 

Ive been alive long enough to notice which party i and the country is better off under, what isn't working is globalisation so whole heartedly embraced by most of the world the signs are already there its beginning to crumble.

 

Privatisation is another policy that doesn't work, take the sale of the Port of Melbourne by the current Labour gov of Vic, who in there right mind thinks it will benefit Victorians? We have seen utility costs sky rocket all off a sudden there is third player involved that needs to get a dividend ....

 

Bashing Libs or Labour is a waste of time better off who ever is in can actually govern with out getting into bed with the minority parties...