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Democracy Links
Member's Off-site Blogs
on the campaign trail with the three stooges...
- By Gus Leonisky at 14 Aug 2013 - 3:57pm
- Gus Leonisky's blog
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The idiots wielding a knife...
The Coalition is claiming significant savings from its plan to scrap the government's $10bn clean energy financing fund, but budget documents show the fund is paying its own way and the abolition would deliver only tiny savings.
The shadow treasurer, Joe Hockey, twice mentioned the fund during media interviews on Wednesday morning as an example of significant savings the Coalition had already announced, as he explained that the remainder of the costed savings and spending plans would be released "in good time" before the election.
"We are dealing with everything in a measured way," Hockey said in an interview on ABC radio's Breakfast Show. "We already made a number of announcements – for example we said we are getting rid of the $10bn Clean Energy Finance Corporation, we have said we are cutting the refugee intake from 20,000 to 13,750, which saves $1.3bn, we are getting rid of waste like the $180,000 on ergonomic chair studies in one department, so we have already made a number of announcements which Labor tends to ignore."
But since the corporation lends money at commercial rates it is actually "off-budget", because it expects to earn a return on its investments.
When it was originally announced in 2011, a cost of $944m for its first four years was shown in budget documents on the assumption that that the CEFC would finance some projects on a concessional basis and that a small proportion of its loans would not be repaid.
In costings provided along with his budget-in-reply speech, the opposition leader, Tony Abbott, appeared to be relying on this information when he claimed savings of about $350m to $450m a year from abolishing the corporation.
But after the corporation's board was established, it decided to take a very cautious approach to its financing and lending which meant that cost was removed from this year's budget and is no longer available as a saving.
http://www.theguardian.com/world/2013/aug/14/scrapping-green-bank-saves-little
suppositories looking for a repository ....
Yes Gus, surely just suppositories looking for a repository!!!
fact checkers BIAS...
The claimLabor says its national broadband network will cost $44.1 billion. The Coalition says it will cost double that, and three times the cost of the scaled-down $29.5 billion version the Coalition is taking to the polls.''We estimate that to complete the NBN according to the Labor Party's plans will cost $94 billion dollars,'' its spokesman Malcolm Turnbull said on Monday.It's a serious charge. Although the NBN doesn't appear in the budget, building it runs up debt, an extra $50 billion of debt if Mr Turnbull's estimate is correct.
Supporting evidenceNBN Co is the government-owned corporation building the network. Its latest corporate plan says it will end up needing $44.1 billion, $30 billion of which will come from the government and the rest from borrowings it will do itself.
Mr Turnbull says three of the assumptions behind the plan are over-optimistic, and another one looks dicey.
The first is that its wholesale earnings per user start at $22 per month and then climb to $62 by 2020-21 when the NBN is finished. Mr Turnbull says that's a dramatic increase of 9 per cent per year above inflation. There are few precedents for such an increase. For a decade now real fixed-line spending per person has been falling. NBN Co is assuming a huge turnaround.
Mr Turnbull says if earnings per user climb by a more modest 3.5 per cent per year above inflation the cost of building the NBN will be $8.3 billion higher.
Read more: http://www.smh.com.au/federal-politics/fact-checker/will-the-nbn-cost-94-billion-20130816-2s154.html#ixzz2c7H7kpfs
If you believe Turnbull and his shit, you've got crap in your head... First thing first, the coalition does not want the NBN at any cost... Turnbull's "solution" is a tinsel job to make you believe the coalition does want the NBN... Second, Telstra copper is at the end of its life... There is a limit to how much data can be streamed to your house from the OLD copper network. If you live in an area like me where the copper wires go fuzzy when it rains, you know what I mean... Not only that, should you download something with the gizmo of the inventor of the internet — Malcolm Turnbull (according to his chief crapper, Tiny Abbott) — You won't get any more speed out of your service as you get now... Now the FAT CHUCKER has of course totally lost his cool and is praying for a job with the Liberal (conservative) team in due course...
Note that within seven years from now pricing of stuff of course will have changed... But the biiiiiiigggggest con is that with the Turnbull's shitnet (if it ever gets to you) would cost you more for probably less access... Turnbull talks bull...