Friday, December 18, 2015

Daly counters Sloan

Australian government spending as a percentage of GDP

That's quite a graph Daly has got there.  I hope it's right.  

6 comments:

  1. it ain't a fair fight

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  2. Anonymous12:46 pm

    This Turnbull Government relies on a strategy as stated previously used against Howard, who as we all know went on to win 4 elections - and the commentariat just kept at him daily wanting more and more and giving what - NOTHING!

    As Rowan Dean [as always a brilliant, delightful wordsmith with the verbal and written ability and intellect that shreds the loopers on the left even though he's obviously a plant from the Fabians or the ILO or somewhere - the whole look he has is TOO obvious but I do love the scripts he uses!] demonstrated on ABs show - it is indeed farcical but do not expect the AbbottAbbottAbbott calls to cease as long as he’s our PM or even Deputy PM as he probably will be post Xmas.

    Sloane on the other hand is scripted in by the conservative rump for some economic light relief when the sizzling of irate readers of The Australian gets too much! Brilliant woman but does tend towards the collectivist mentality - probably as a result of exposure to Keynsian agitators as a young girl.

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  3. so brilliant she can talk about budget consolidation but get all the figures wrong.
    So brilliant she fully supports the two reasons why we have a structural deficit yet insist on a budget surplus. She suffers from too much peroxide on the brain.

    She left with her little red wagon after being humiliated by Matt Cowgill at Troppo.

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  4. Anonymous2:32 pm

    Why did Daley leave out state based receipts? Anyone know?

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  5. you do understand what general government receipts mean?

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  6. courtesy of the IMF

    The general government sector consists of
    resident institutional units that fulfill the functions
    of government as their primary activity. These institutional
    units perform the principal economic functions
    of government, as described in paragraph 2.38,
    in addition to fulfilling their political responsibilities
    and their role of economic regulator. The general
    government sector comprises:
     All government units of central, state, provincial,
    regional, and local government, and social security
    funds (see paragraphs 2.76–2.77 and 2.85-2.103)
    imposed and controlled by those units; and
     All nonmarket NPIs that are controlled by government
    units (see paragraph 2.83).
    2.59 The general government sector does not include
    public corporations, even when all the equity of
    such corporations is owned by government units, nor
    quasi-corporations that are owned and controlled by
    government units. However, unincorporated enterprises
    owned by government units that are not quasicorporations
    remain integral parts of those units and,
    therefore, must be included in the general government
    sector.

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