Friday 25th of April 2014

welcome to joe's brothel...

joe's brothel

Australia's debt ceiling will be scrapped altogether after the Greens struck a deal with the Coalition Government to break the impasse over increasing the debt limit.

The Greens had previously backed Labor's refusal to support the rise, with both saying they wanted to see updated budget figures before granting the Government's limit.

Greens leader Senator Christine Milne says the deal will force governments to be more transparent.

"This, I think, will return some maturity to the debate around debt and get rid of what has become a phoney debate every time the Government has wanted to raise the debt ceiling," she said.

The Government had wanted to increase the $300 billion limit to $500 billion, warning that the nation's debt could have been capped on December 12.

But Labor and the Greens joined forces in the Senate last month to limit the increase to $400 billion instead, arguing that the Coalition should bring forward its Mid-Year Economic and Fiscal Outlook (MYEFO) if it wanted to borrow more.

Treasurer Joe Hockey, who has previously been highly critical of the Greens' economic policies, has acceded to the Greens requests to increase transparency and to even continue the impact of climate change in future Intergenerational Reports

Anything for a buck?... The Greens are mad... YOU CANNOT TRUST THE ABBOTT GOVERNMENT EVEN IF THEY PROMISE ANYTHING... THE GREENS DID NOT SUPPORT THE ETS and see where it has taken this country!... Abbott  DOES NOT BELIEVE IN GLOBAL WARMING!!! Increase transparency? You're bloody nuts or what?

economic fringe dwellers...

It means the government will not have to ask the Parliament for permission whenever it wants to borrow money above a certain limit.

“We have agreed to repeal the current legislative limit on the total face value of stock and securities on issue set out in the Commonwealth Inscribed Stock Act 1911,” the letter says.

Mr Hockey has promised the Greens that the debt statement included in the budget, MYEFO and PEFO will include details on the amount of money the government is spending on climate change, and the extent to which that spending is contributing to government debt.

He has also promised that as part of all future Intergenerational Reports the government will have a dedicated section on the environment, including climate change and the effect of these policies and their impact on the Australian economy.

The deal means the government will not have to ask the Parliament for permission to borrow more money on December 12 when the debt surpasses the $300 billion limit.

Despite criticising the former Labor government for cutting a deal with the Greens to remain in power, the Abbott government needs help from the Greens to remove the debt ceiling.

The government had previously said it wanted raise the debt ceiling from 300 billion to $500 billion, but Labor had put a political stumbling block in the way by saying it would only support an increase to $400 billion.

In the House of Representatives on Wednesday, Opposition Leader Bill Shorten asked Mr Abbott why he was considering cutting a deal with the Greens, whom he had previously described as "economic fringe dwellers".

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and now for the destruction of the environment, with care...


The original terms of reference asked for recommendations on establishing “a conducive regulatory and economic environment” in northern Australia. Macdonald’s amendment makes clear that taxation should be part of this examination.

Before the election, the Coalition promised to develop within 12 months a white paper on policy options, including building on existing key urban zones such as Darwin, Cairns, Townsville and Karratha.

“To this end, the efficacy and targeting of current relocation incentives and personal and business tax incentives could be reviewed,” Abbott said in a statement before the election. Kevin Rudd subsequently proposed cutting company tax in the Northern Territory but faced criticism over the lack of detail accompanying the campaign pledge.

Also added to the committee’s terms of reference is a specific requirement for advice on a white paper to detail government action needed to make the proposals a reality, including funding sources and a timeline for implementation.

Most elements of the terms of reference put to the lower house on 21 November will remain the same. The committee will consider policies for developing parts of Australia that lie north of the Tropic of Capricorn spanning Western Australia, Queensland and the Northern Territory.

It will look at opportunities in the mineral, energy, agricultural, tourism, defence and other industries, trade and investment links with the Asia-Pacific, critical economic and social infrastructure, “impediments to growth” and ways to encourage private investment and innovation.





finding a new pimp...

Treasurer Joe Hockey has denied being "married to the Greens" after the Federal Government brokered a new deal to scrap the debt ceiling.

After failing to get enough support to increase the debt limit to $500 billion, the Government announces yesterday that it had clinched a deal with the Greens to scrap the cap altogether.

In exchange for the Greens' support, the Coalition has agreed to provide detailed statements to Parliament each time debt rises by $50 billion.

Labor has criticised the Greens for having no credibility when it comes to the economy, but Mr Hockey told ABC Radio National this morning that Labor's reaction is "absolutely bizarre".

"The Labor Party formed a coalition with the Greens," he said.

"It's like a husband being upset that their ex-wife went off and had a cup of coffee with some other man.

"The Labor Party has made itself entirely irrelevant in economic policy.


Good on old Joe for doing the opposite of whatever he ever said in opposition... Backflip? Somersault? Pimping?... I suppose that's what the Libs do in opposition... They say the opposite of what they'll do, then make a few floosy promises to smooth the corners, then they say they never did make the promises... though whatever they end up doing is to the detriment of this fair country... And then claim the other mob was blah blah blah... 

Meanwhile the Greens made a stupid deal if you ask me... It's not going to have a cup of coffee with some other "man"... It's the future of this country that is at stake and it looks the greens were actually searching for a new pimp and Joe obliged.

greens have turned a shade of brown while rotting...


From Mungo MacCallum

The Greens might have lost their political innocence when it entered an alliance with Labor, but offering support to the conservatives is another matter entirely, writes Mungo MacCallum.

The Abbott Government has no shame. This is hardly news but it is good to see it confirmed, yet again, by the deal with the Greens to abolish the debt ceiling in exchange for some largely meaningless and easily avoided undertakings about transparency.

This time last year dealing with the Greens in any form was akin to selling your political soul. Julia Gillard's alliance, first with Bob Brown and then less comfortably with his successor Christine Milne, was excoriated, anathematised by Abbott and his colleagues; no sane or decent person could associate with these fanatical destroyers of Australia's wealth and freedom.

Even after Milne formally dissolved the alliance, the attacks continued: the Greens had invaded the Gillard government like a malign, alien parasite and were still controlling their hapless and gullible hosts. The Greens were the enemy of all the Australian way of life; it was as simple as that. Any contact, however fleeting and superficial, risked contamination.

And dealing with them was invariably and irrevocably lethal. But only, apparently, for a Labor government. The hardy conservatives are immune. And anyway, it is all about outcomes, the end justifies the means. So our dauntless Treasurer Joe Hockey had no real hesitation in following the Faustian example.

And the pact he made was almost entirely one-sided; it did not even require his signature in blood. The debt ceiling was no more; never again would he have to go begging to Parliament for a rise, or endure the taunting and posturing of an understandably cynical opposition which had endured three years of thundering about the horrors of debt and deficit.

The economic crisis was officially over, and so was the political one which had accompanied it. It was the first real win for the Government since its election, and Jockey and Abbott had every right to feel smug about it. Hypocrisy, shmypocrisy. Whatever it takes. There will be no sleepless nights on the government benches.

But for the Greens, and for their leader in particular, it may not be quite so simple. Debt in itself has never been a real issue for them; the concept is fine, even desirable, if it is used for long-term projects and worthwhile purposes like improving infrastructure - sustainable infrastructure, that is - and the promises of reporting to Parliament and justifying government decisions look, at first glance at least, like a decent sort of quid pro quo. And by sitting down with Hockey, they have thrown off the label of being economic fringe dwellers; they have entered the political mainstream. But that may be exactly the problem; there is, after all, a terrible precedent.


Gus: The Greens have turned a shade of brown while rotting in the shade... They might have gained some "political relevance", but they have lost total relevance with the electorate to keep the bastards honest... Sleeping with the bunch of idiots is not the way to do this...



exporting the age of entitlement...


Australian taxpayers will lend $US100 million ($110.6 million) to a mining joint-venture run by BHP Billiton and Rio Tinto in Chile, under the latest funding deal by Australia's controversial Export Finance and Insurance Corporation.

The loan to two of Australia's largest and most profitable companies comes despite recent criticism of EFIC from the Productivity Commission, which advised the corporation to focus more on small exporters unable to secure finance, rather than big multinationals.

It also comes at a sensitive time for the Abbott government, which has denied financial aid to Holden and others amid its campaign to ''end the age of entitlement''.

Under the terms of the loan, the $US100 million will be lent to a holding company called Minera Escondida Limitada, which is 57.5 per cent owned by BHP and 30 per cent owned by Rio, with Japanese companies Mitsubishi and Nippon Mining owning the rest.

Minera Escondida is the joint venture through which the miners operate the Escondida copper mine in Chile, and the money is designed to help Australian companies win work on a multibillion expansion of what is already the world's biggest copper mine.

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Sorry, fellas in the Abbott regime, you're more crook than "Fat Tony"... Actually I am wrong... "Fat Tony" was a crook with a teeny-weeny bit of respect and a whiff of integrity... YOU AIN'T GOT ANY...
See toon at top...