The lying is without end.
From Yahoo!7 News:
Ms Gillard said both state and federal revenues had been hit hard by the global financial crisis and were in the same boat.
“For the federal government, our revenues have been hit by $140 billion – it’s an extraordinary amount of money.
“(But) we have matched all of our expenditure with savings since mid-2009 – that’s the hard work of government.
No, that’s two lies in two sentences.
First, as we have seen previously ( Wayne’s “Per Cent Of GDP” Lies Debunked, Our Media In $140 Billion Lie For Wayne ), “our” total government revenues have actually gone up, by $23.67 billion in 2010-11 vs 2007-08 (pre-GFC). And for this year 2011-12, the government’s November ’11 forecast was for an increase in Total Revenue of $37.41 billion vs 2007-08. The truth is, the only thing that has been “hit”, is the Treasury department’s wildly exaggerated May Budget forecasts. You know … those grand annual smoke ‘n mirrors performances, where the Treasurer tells the nation what a great job he is going to do in the next year, using deceitful words that project an appearance that he has already achieved it … and then, never actually does it.
About Gillard’s second lie.
As we have also seen previously, the government’s Expenditure has blown out by a whopping $91.64 billion versus 2007-08. But in Gillard’s statement, she claimed that the ALP has “matched all of our expenditure with savings since mid-2009”.
Oh really?
In the 2009-10 financial year, the government spent $339.23 billion.
In the 2010-11 financial year, the government spent $356.1 billion.
And this year, the government most recently forecast that they will spend … wait for it … $371.74 billion.
So, they spent $16 billion more in 2010-11 than they did in 2009-10. And they expect to spend $31.58 billion more this year, than in 2009-10.
But Gillard claimed that Labor has “matched all of our expenditure with savings” since mid-2009?!
If we took her words 100% literally, we would rightly ask, “Ok, show us where you saved $356.1 billion in 2010-11 and $371.74 billion this year?”
But let us be generous.
Can Gillard show us where the government actually “saved” $16 billion in 2010-11, and $31.58 billion this year? That is, savings equivalent to the extra government spending in those years, versus the year she referenced, 2009-10?
Of course not!
The simple truth is, this government has spent more (borrowed) money, every single year since coming to power.
Far more.
And, they are bringing in more Total Revenue than ever before.
This government’s mode of lying about the budget is very simple.
Every claim they make about “falling” revenue, or “write-downs” to revenue, or “hits” to revenue, or revenues supposedly “lost” to “global economic turmoil” or “the floods” or this or that or the other, is a lie.
Actual government revenue in total, is UP. It is only “down”, or “lost”, by comparison to their wildly exaggerated annual May budget “forecasts”.
And every claim they make about government spending, is also a lie.
They are spending literally tens of billions more money now, four (4) years after the GFC, than any Australian government has ever spent.
Every statement uttered by this government about the budget, and its economic management, is a lie, distortion, or misdirection.
I have never witnessed a more corrupt, more blatantly and repeatedly dishonest pack of politicians in this country in my lifetime.
Barnaby Is Right 
Gillard is a Fabian Socialist. Their modus operandi is to Ratf..k from within…. but ever so slowly…like a frog in boiling water.
Problem is, the Global Financial Thing is spiraling out of control faster than even they thought it would, so they’re in a bit of a hurry.
Hence, the Carbon “Tax” (you know what it really is)
Hence, the Green/Clean Energy Finance Scam/Corporation . $10 billion for wacked out, never gonna work technologies,,…etc.
Hence the Boat People and the associated mega-costs, most of which are directed towards, Serco, that wonderful, globalist corporation that you’ve never heard of….
Hence Pink Batts, School Halls, .Digital Set top boxes, NBN’s,MDBA,MRRT, etc,etc,etc
It’s called Vacuum Cleaning the Economy. Run up the costs(mainly into their mates pockets) Run Down the truly productive sectors of the Economy….(Farmers, Miners.)
Voila!!
Greece!!
All we need now is for Goldman Sachs to appoint their ex-CEO Mal Turnbull to “administer” the country and implement austerity measures, to pay off Juliar’s debts…(a la Italy, Greece and the ECB and soon, the Bank of England)…
Wake T F U..people!!!!
Do you think the Greens calling for more deficit spending is a conspiracy between them and Labor to appear to have a “mature” debate between the merits of surplus and deficit spending? i.e. to sideline the coalition from the debate? I mean, the Greens should have been ridiculed in the MSM for calling for more spending that can never be paid off, but at best were told that there was “merit” in achieving surplus. Of course, the reality is that the only surplus that will ever exist under labor is IN FORECASTS!
We are already wedged between deficit spending, resulting in govt credit downgrade, thus big 4 banks downgrades, thus increased funding costs, thus increased interest rates, thus broken retail, business, construction and housing industries; or surplus spending by reduced govt expenditure resulting in recession. Either way we’re screwed, yet we are supposedly the strongest (forecast) economy in the OECD!
Comparing us to Greece, Swannie, just won’t do as they need 10% GDP growth just to break even! They are so far past being ever being able to pay it back that they are just not comparable.
The old adage about being able to tell when a politician is lying because their mouth is moving is completely true when talking about Gillard, Swan or Rudd.
Notice she didn’t say “who” made the savings? She just implied that it was the government.
A bit off-topic, but the following may be of interest. It claims essentially that the west is being stripped of its gold by the east, one cartel at a time, through their exposure to government bonds reaching maturity. Separately reading that there is apparently a joke on Wall Street that the guards at Fort Knox are not there to protect the gold, but rather to protect the secret that there is no gold. Along with unrelated references elsewhere in the blogosphere to Gordon Brown selling off UK gold, and Howard selling off ours 10 years ago, and China buying up resource companies the world over and Australian farming land, and it looks suspiciously like the makings of a seismic shift of wealth from west to east. China is clearly moving from US dollar holdings to hard assets, and the stupid yanks have been dumping gold to suppress the price and assert the primacy of the US dollar, effectively handing over its wealth to its rival. If so, it has been betting its paper money against gold. It’s looking as though American stupidity is beating fabian cancer in destroying the west.
Read it and weep for the west, democracy, personal liberty, free markets and just about everything else, for it just may be stripped by events faster than our leaders can undermine it.
http://www.gold-eagle.com/editorials_12/willie041212.html
TBI graciously published an article of mine last year on the RBA gold sales in 1997. You might be interested in reading it, I guess it’s in the archives.
I still think it is pretty close to the ‘money’. Feel free to take it with a grain of salt but you should definitely take Jim Willie with several. His predictions haven’t been terribly accurate.
Here is a link to that article – Why The RBA Sold Our Gold.
JMD has also kindly provided a number of other Guest Post articles that may be of interest –
The Moneyness Of Debt
Our Government Debt Crisis Is Already Here
Infinite Money
Yea, thanks, I think it was that I read it, actually.
I take everything with a grain of salt on the Internet, but hey, it can make for some interesting reading. He could be just another gold lover, and most of what he says is quite common and unremarkable.
Political speak for savings. Make a wish list, put a value on it, Calculate actual expenditure. Subtract that figure from the wish list, result = savings. That actual expenses are more than income is irrelevant.
An actual example of Government accounting. Centrelink.
A private company has X accumulaed losses for Taxation purposes. In any one year it has enough income to reduce a percentage of those losses. that income is not taxable. Now here comes the strange accounting. If Centrelink deems a pensioner to be the controller of that company that pensioner is deemed to have made a personal income of the total of that amount. Note , not the taxable amount nor any income shared with other shareholders.
Another actual example of Centrelink accounting.
An age pensioner completes a periodical financial statement.
There is an amount in bank balance, the bulk if that is a refundable deposit for sale of a fishing business, There is also a substansial credit card debit. Centrelink completely ignored that debit and did not allow it to be deducted from total bank balance. I am certain the bank would certainly not ignore it.
Logical thinking of that pensioner. If they ignore credit card debit then it is logical they will not be interested in income payments paid directly to that credit card account.
“What was Washingtons role in the coup against Australian prime minister Rudd”
http://axisoflogic.com/artman/publish/Article_60639.shtml
Thanks Kevin, both for this and your other links. Much appreciated.