Gillard Government actively considering IT portfolio

The NBN has to be dumped. We cannot afford another $43 billion worth of debt to built infrastructure that will be obsolete before it goes into the ground.

Oh dear, you poor moronic imbecile...here is your 101 lesson in economics, now pay attention you fool.
When the government says they will have the "budget" back into surplus...now pay attention fool... THAT MEANS... they actually have a little bit of money surplus to begin paying back the debt.

So fool, in 2113 they will have $3.5 to begin paying by that stage, $220bill which means JUNE 30TH 2113 the debt will be$216.5 BILLION you bloody moron

Humiliated for telling it as it is, LOL.

OMG Raymond you are a goose beyond compare. Nice figures, but not what I said...

Read my lips stupid, "the government have said they will have us back in surplus in 2013" (not 2113).

And this is exactly what the government have said. Nothing more and nothing less. All your FUD isn't working...

You ought to try it (no not kissing the mirror you do that 24/7)... using facts for a change.

LOL, settle goose…

Raymond in your haste to try and get just one solitary victory, after all your ego shattering defeats (due to your perpetually WRONG and contradictory claims, LOL) you have again jumped the gun and shown yourself to be quite the irrational and hot-headed dunce, lol…

I note the desperation, with every comment, how you beg me to leave (as I keep embarrassing you). You even begged the editors to ban me because I forever disprove your lies, lol and look here again. Anyway…

Rest assured I understand the difference between (budget) deficit/surplus and soverign debt Raymond.

So let me put my simple reference to (the governments claims) “surplus” and your “ridiculous reply to the entire debt scenario” into words you can understand.

What I said was one of the Wiggles wears yellow (something you know well). Your reply then said, fool there’s a yellow Wiggle, blue Wiggle, red Wiggle, etc.

Yes Raymond, there are lots of nice colourful Wiggles, but one of them is, as I said, yellow…

Wait for it, Wait for it new personna incoming....is it going to be Legal Eagle or a call centre style, Mike,Steve or Jeff funny he never does a female name, so so much insercurity.

Raymond please come back you were winning that debate, no honest you were, by the way which member of the Wiggles do you have above your bed, or is it the much more in keeping with your thought proccess "Dorothy the Dinosaur" poster.

However seeing as in elections the whole leadership thing is played out to the lowest common denominator, where change and fear are peddled to people with no clue about much more than is shown on channel 7 news, Raymond does end up being a weather vane, to the couch potatoes and the great unwashed.

Dear Lord help us.

Professor joseph stiglitz a nobel prize winner on economics, Raymond look him up on his views of Australian debt, start with his lateline interview.....

Then once you have learnt off a man who knows about such matters, and not from a party who have not been able to supply correct shadow budget figures the last 3 attempts, and I will give you a hint its wasnt Labour.

The whole budget and debt thing is utter rubbish and only accounts for 6% of Australian GDP, there are western countries saddled with 10 times that, you are truely clueless on this matter and should just shut up, as my 2 year old daughter has more crediblty on this matter than you.

Been told that would be to hard for you to do, Raymond, so here is the highlight for you.

KERRY O'BRIEN: I'm not sure how much you know about Australia's stimulus packages in response to the crisis, but to the extent that you do, how did the quality of Australia's stimulus compare with that in the US and elsewhere, in terms of its effectiveness?

JOSEPH STIGLITZ: I did actually study quite a bit the Australian package, and my impression was that it was the best - one of the best-designed of all the advanced industrial countries. When the crisis struck, you have to understand no-one was sure how deep, how long it would be. There was that moment of panic. Rightfully so, because the whole financial system was on the verge of collapse. In that context, what you need to act is decisively. If you don't act decisively, you could get the collapse. It's a one-sided risk.

KERRY O'BRIEN: There's been a lot of criticism of waste in the way some of Australia's stimulus money was spent. Is it inevitable if you're going to spend a great deal of government money quickly that there will be some waste and can you ever justify wasting taxpayers' money?

JOSEPH STIGLITZ: If you hadn't spent the money, there would have been waste. The waste would have been the fact that the economy would have been weak, there would have been a gap between what the economy could have produced and what it actually produced - that's waste. You would have had high unemployment, you would have had capital assets not fully utilised - that's waste. So your choice was one form of waste verses another form of waste. And so it's a judgment of what is the way to minimise the waste. No perfection here. And what your government did was exactly right. So, Australia had the shortest and shallowest of the downturns of the advanced industrial countries. And, ah, your recovery actually preceded the - in some sense, China. So there was a sense in which you can't just say Australia recovered because of China. Your preventive action, you might say pre-emptive action, prevented the downturn while things got turned around in Asia, and they still have not gotten turned around in Europe and America.
End of the day 6% GDP Debt is one of the worlds best at present.

I know this is off subject, for the article that is, not the comments, but here it is...

"The $43 billion total capital cost of the NBN is a conservative estimate and there are opportunities to significantly reduce the build cost."

"The peak investment required by Government is estimated at $26 billion by the end of year 7".

Thanks D. Newman, very informative indeed… Informative for those unlike the “ignorant inbred” of course!

Those, who are willing to listen, learn and don’t think they already know it all. I see he is even now hinting that he was instrumental in having fines handed out to Telstra! What a guy, lol…!

Unfortunately, reality strangely doesn’t matter to the ignorant. As such, this information has already simply been shrugged off, because it does not fit within the limited guidelines set out at Liberal party HQ. Plus it’s obviously, overloading the limited intelligence levels of the blindly biased.

You see; the ignorant inbred (I.I to his friends) already told me in another CW thread previously, that Australia didn’t even have a financial crisis, at all. Because we ‘waz digging’ up stuff from the grownd’…

I.I your above comment (apart from the typical opening) for once, in parts, made sense, was creditable to a degree and you even put your point across, somewhat succinctly. Did aunt/mum, write most of it for you?

So without all the typical non-sense, you have shown that you possibly can actually make topical points. Now if only you could extend those guidelines and lessen the fierce bias, you could almost pass as human!

Newman, you had better concerntrate on the help desk, you are going to be replaced by a Kiwi!

We all know when the desperate are on thin ice,they resort to self praise,poor driviling creature!

Funny what tune the imbeciles come when called,however#23 if you think that is you then,How do you think the election is going, Julia wants NBN, and Tony will kill it! who do you think is in front, who is a landslide in front!
Still want to back NBN.....moron

@24. You call me imbecile and moron, LOL and more fittingly, I refer to you aptly as ape and Ignorant Inbred, so lets's evaluate eh?

Hmmm...so it seems we have something (returning here to reply to each other) in common after all…

But, let’s not forget, I never said I wouldn’t correspond with you further…as you did me, when you realised early on that you were clearly out of your depth. But still, you can’t control yourself, and that little boy ego of yours desperately searches for just one victory, LOL! Either that or you are a chronic liar! I’d say both…

Anyway, although we have one thing in common, the big difference between us is, “unlike you”, I don’t: -

Big note myself
Look down at anyone (except you I.I)
Lie about yachts and racehorses
Claim to be a multi-billionaire
Make stupid prophecies that when found false, deny or desperately try to change words…LOL!!!!

Plus unlike you, I am not any of the following: -

Too small to admit I was wrong - when one’s wrong, one’s wrong, no good pretending otherwise
Too small to apologise when wrong - when one’s wrong, an apology is appropriate
Unwilling to listen/accept others with alternate views
Unable to post a comment without referring to others as imbeciles and morons
A slave to a political party - I can think for myself, not have a political party think for me
Selfish/Greedy/Narcissistic
A chronic liar/completely FOS…

I want an NBN not for me (I have ADSL2+/100GB which is fine) but because it is needed by others, both now and in the future. Thinking of others, I know is a foreign concept to one, like you, so conceited.

Ooh I almost forgot and most importantly, unlike you, my mother is not my dad’s sister… !

Seems we don’t have much in common after all. You are here for the tempting bananas I dangle in front of you, which you can’t resist and also here to attempt the impossible – “a solitary victory”. Where as I am here because I love toying with fools, and you fool… are my new toy! What a team we make eh? LOL!!!!!!!!!