Can the Government Survive?

When the Turnbull government won the last election by just one seat it was generally felt that they would probably survive the next three years with the aid of a sympathetic media willing to gloss over their vulnerable areas.

Unlike the minority Gillard government, which had to bring all its negotiating skills to the table and stare down a viciously anti-Labor reaction, the Turnbull administration has blundered along, bouncing from one crisis to another protected from a public backlash by a sympathetic media.turnbull-parly-960x540

Read more at: The Australian Independent Media Network

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Should Parliament be Prorogued?

_df25874There was a suggestion on ABCs Insiders yesterday Sunday that, due to the present chaotic state of government brought about primarily by Section 44 of the constitution, parliament should be prorogued.
What does this mean? Prorogation of parliament simply means bring the current session to an end. It does not mean an election follows. Only when parliament is dissolved can an election be held. However, prorogation does mean that no legislation can proceed because when a parliament is prorogued, it cannot meet.

READ MORE AT: The Australian Independent Media Network

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Turnbull looking both ways

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For those of us who have been pushing to have Tony Abbott produce his renunciation certificate (his RN form), to show he is no longer a British citizen, we can finally relax. It looks like he’s done it. But it took Australian/New Zealander, Scott Ludlam’s resignation and a twitter poke from Deryn Hinch to finally get him to mention it.

Read more at: The Australian Independent Media Network

The Government is betraying our right to work

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If there is one single fact that proves the government’s “jobs and growth” mantra is a deliberate and misleading lie, it is this: Mass unemployment occurs when there is insufficient spending in the economy, to generate a demand for labour that would create enough jobs for everyone who wants one.

Thus, for a party to commit to a policy of jobs and growth and then fail to address it satisfactorily, can only leave us to conclude that it never intended to honour that commitment in the first place.

Read more at: The Australian Independent Media Network

Memo to Mortgagors…get your house in order

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Whether you believe it or not, an economic tsunami is coming and if you think we will survive the damage and the fallout, as we did the GFC, you’re dreaming.
The next GFC will make the last one look like a vicarage fund raiser. Why? Because we are not just making the same mistakes as last time, we are making bigger ones.

One simple statistic reveals a frightening scenario. Currently, the big four banks have a combined equity of around $162 billion. Place that alongside their current exposure to domestic mortgage loans of $1.6 trillion and you begin to see the looming threat.

Read more at: The Australian Independent Media Network

The Myth of the Balanced Budget

CeRnyezWwAEoPysSomething will happen this week that will alert us to the reality of this government’s failures.
Despite all their rhetoric and their pathetic attempts to demonstrate their economic prowess, despite all attempts to gloss over their outright lies, their pretence at understanding economics, this week these champions of capital, of fiscal irresponsibility, will have the honour of taking our gross debt position beyond half a trillion dollars ($500,000,000,000).

Read more at: The Australian Independent Media Network

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