The RBA did what it telegraphed last week and dropped the cash rate by 25 basis points. Government is now using that rate cut as propaganda, claiming a duel income family on $120k/annum before tax, with a $400k mortgage, are $3,000/annum better off.
I don’t write much here anymore basically because I feel that my voice is just another of the many whispers lost in the rabble of overtly right-wing conservative shouting about neo-liberalistic idealism. What’s the point, right? However, once in a while I get a bee under my bonnet. The current bee has been disturbed & set a-buzz by coverage on the ABC – that’s the AUSTRALIAN Broadcasting Corporation, myABC if you will – about this piece of legislation currently in the Senate. The Treasury Laws Amendment (Personal Income Tax Plan) Bill 2018. This legislation seeks, according to government propaganda, to […]
Have a read of this article on the ABC news site, and ask yourself just why the RBA cut the cash rate today to 2.25%, an historical low.
I will rarely promote the works of another blogger, basically because there are very few pieces of writing in the ‘sphere I regard as worth promoting. This piece, however, runs counter to my usually jaundiced opinion of the amateur journalist cadre. Glenn Murray may consider his tome to be just his ramblings, but I find this particular ramble well worth supporting. Kudos, Mr Murray!
How is it possible for a nation’s economic structure and four year outlook to fall off a cliff in six months?
Whiney-Pyney said the retirement age wouldn’t be under the fascist’s nihilist microscope until a second term of this beknighted government.
Yes, it’s been a little while.
I’ve deliberately stayed out of political commentary for some time now. I see little point in commentating on political differences between the two major parties in Australia because essentially there are none.