quote:

Senior minister Christopher Pyne has chastised his Coalition colleagues for publicly debating whether the government should allow first home buyers to raid their superannuation to help pay for a deposit.

Mr Pyne said those MPs seeking to "fiddle" with superannuation in the May budget risked destroying a retirement savings system that was the "envy of the world".

"It's a great pity that colleagues are running these debates publicly," the Defence Industry Minister told ABC Radio.

"Whether they attach their name to them, which I think is much more respectable, or do so anonymously. The budget process should be managed behind closed doors and on budget night it should be revealed to the people."

Schlesische posted:

Resulting in a post stating that (summarised) "We love Easter (it makes us so much money) we just don't brand all chocolate 'Easter Eggs' or 'Easter Bunnies' during Easter. My loving word, calm the gently caress down guys."

As a sidenote, does anyone know what happened to Easter Bilbies?
Are they still a thing, or did that get killed?

Bogan King posted:

Heinous poo poo.

NTRabbit posted:

The fine chocolatiers at Haigh's have you covered, friend

Bogan King posted:

NTRabbit posted:

The fine chocolatiers at Haigh's have you covered, friend

Scarecow posted:

So is this what it feels like to be the crazy one? everything im reading and looking at online screams to me we are in a giant loving housing bubble yet every single person I talk too is like "nahhh mate safe as houses, theres no bubble its totally normal to buy a 2 bedroom shoebox place in kilsyth for 700k"

Comstar posted:

So the criminal stole 1 million dollars, may need to pay a fine of 12% and keep the other 88% because "he's old"?

Clearly he's making growth and jobs like President Turmball said too.

Comstar posted:

ABC Radio PM is having one story or interview *every night* this week about it I think. Or it might have been RN Breakfast. Or both, I lost track.

Something strange going on.

WhiskeyWhiskers posted:

Everyone involved has to pretend it's not a bubble outwardly so that they can convince others to start or keep investing until they can make a return. It's essentially a ponzi scheme.

Schlesische posted:

Isn't it also a case of "We're the Liberal party and we so very desperately don't want this bubble to blow up on our watch"?

DancingShade posted:

Was thinking this but after a short pub crawl was too tired to say it.

They want him to stay in business? A guy who defrauded and stole a million bucks from his customers? gently caress me.

Scarecow posted:

So is this what it feels like to be the crazy one? everything im reading and looking at online screams to me we are in a giant loving housing bubble yet every single person I talk too is like "nahhh mate safe as houses, theres no bubble its totally normal to buy a 2 bedroom shoebox place in kilsyth for 700k"

no im not going to link it posted:

SENIOR Government figures fear the Budget process is in danger of derailing, with Scott Morrison’s authority being publicly undermined by restless ministers, and the party leadership dithering on key policy initiatives.

["Senior Government figures" = backgrounding campaign, most likely from Morrison's staff]

The Treasurer, whose May 9 Budget will determine the immediate fate of the Government, dismissed as “complete rubbish” any suggestion of problems.

But The Daily Telegraph has been told of his growing “frustration” at the indecisiveness from the top of Government and that Malcolm Turnbull has instructed him to consult with Peter Dutton over housing affordability measures.

While Mr Dutton, the Immigration minister, has no economic responsibilities, he has become the head of the right wing of the Liberal Party, and is considered a potential Coalition leadership rival to Mr Morrison.

[Somehow this is supposed to explain why a potato would have any economic insight.]

While Mr Morrison’s office played down suggestions of unrest, several ministers and key insiders told The Daily Telegraph tensions between him and the Prime Minister had escalated in the past fortnight.

One MP expressed concerns Mr Turnbull’s edict to Mr Morrison to reach consensus on housing policy with Mr Dutton, who does not sit on the powerful Expenditure Review Committee, left the Treasurer in danger of being “emasculated”.

And insiders were yesterday stunned, and Mr Morrison was said to be unhappy, that Cabinet ministers and Mr Turnbull were publicly canvassing policy measures.

[The Right don't like where Morrison wants to go with some bits of the Budget and are trying to bully him into changing it. At the same time, they want to keep the bits they like very quiet.]

“I’ve never seen a thing like today where there’s an open discussion about a measure that may or may not be in the Budget a month out,” one source said.

Defence Industry Minister Christopher Pyne and Mr Dutton were both disparaging of a proposal to allow young people to raid their superannuation yesterday — a day after Mr Turnbull also dismissed the measure publicly, rather than in a private meeting of Cabinet.

Traditionally, Government ministers do not discuss, never rule in or rule out Budget initiatives so close to the Treasurer’s speech.

Key economic ministers met in Sydney yesterday to thrash out measures, and discussed changes to Capital Gains Tax concessions, but The Daily Telegraph understands they failed to reach an agreement.

[This means he has no state government support, lol what a surprise.]

Mr Dutton has strongly opposed budget measures Mr Morrison has been exploring, including changes to negative gearing and allowing first-home buyers to access superannuation, and his opinion has been sought in discussions around changes to Capital Gains Tax.

One Liberal MP described Mr Morrison as in danger of being emasculated as Treasurer.

[Despite the fact that, as we know, potatoes know nothing about economics but know the value of their investment properties.]

The MP said while Mr Dutton did not hold an economic portfolio, he was a senior Cabinet minister who could be consulted on economic policy.

“I don’t blame Malcolm for that but at the same time the Treasurer needs to be the captain of that ship and you can’t emasculate him,” the MP said.

“The Treasurer can’t be answering to too many other people.”

Another MP said there were tensions between Mr Turnbull and Mr Morrison but also said they were “common” ahead of a federal Budget.

Mr Morrison dismissed colleagues’ descriptions of strained relations with the PM and frustration at having to run economic policy by Mr Dutton as “complete rubbish”.

Senior figures from the Howard government said former prime minster John Howard and treasurer Peter Costello were on the same page with economic policy and, while they may have discussed a measure with Foreign Minister Alexander Downer, he was not a central part of the decision-making process ahead of Budget.

[Clearly intended to embarrass Turnbull.]

Mr Morrison was exploring change to negative gearing by limiting the deductibility of interest on residential investor mortgages until Mr Turnbull made it clear privately he needed consensus from Mr Dutton and Finance Minister Mathias Cormann, senior figures in the Right of the party.

Both fiercely opposed the measure, and it was subsequently ruled out.

Mr Pyne yesterday said it was a great pity colleagues were running Budget debates publicly. He then gave his own view on a housing measure.

Mr Turnbull is understood to have asked Mr Morrison to reach a consensus with Mr Dutton and Mr Cormann in an effort to avoid a showdown with the Right after the Budget.

Former PM Tony Abbott has already indicated, in an interview with The Daily Telegraph this week, that he would not support cutting Capital Gains Tax concessions, which he said would amount to a covert tax.

[Like anyone gives a gently caress what you think Tony. But the "showdown" would appear to be on anyway. Clearly no one thinks its a winning Budget.]

Mr Morrison was also re-examining whether it’s worth keeping the Work for the Dole scheme, which he viewed as too expensive at an annual cost of $650 million, with little results.

His push to axe the program was quickly exposed in the media, with the government forced to confirm it would keep the mutual obligation scheme.

Crikey posted:

We’ve done some digging on One Nation’s weird tanty over the ABC and Andrew Probyn’s “leaking” of a pending trip to Afghanistan by a parliamentary delegation consisting of two government, two opposition and two One Nation MPs.

According to Defence, such delegations are “open to all Federal parliamentarians who can apply to take part … In the event an activity is oversubscribed, a ballot is conducted to determine the participants. A ballot was not required for this particular activity.”

That is, only the government, the opposition and One Nation applied to participate in the trip — at least according to Defence. The trip was planned to coincide with Anzac Day — which presumably explains why Pauline Hanson and Brian Burston are so furious about its cancellation, because the trip would have provided images of Hanson spending The One Day of the Year with Australian soldiers, kitted out in body armour on the frontline against jihadists.

But who leaked the trip to Probyn? Someone in Defence, or one of the other four participants, or perhaps their staff? Even someone in One Nation? We understand the source is someone at Parliament House, not at Russell Hill, but it’s not clear exactly who. But it gets a little more interesting: Defence actually has a brochure on its website about the parliamentarian program, including details of the trip to what is called “the Middle East”. Unlike other activities, there are no dates indicated for that one in the current brochure, which makes sense from a security point of view.

Except … Google Cache shows the brochure used to have the dates indicated for the Middle East trips.



So Defence itself was advertising publicly that Australian parliamentarians would be visiting the region on specific dates. Maybe the enraged One Nation should be demanding that Defence’s funding be cut, not the ABC’s.

Bogan King posted:

https://twitter.com/chriskkenny/status/852657862786428928

hooman posted:

Turns out dogfucking rots your brain.. who knew..

Anidav posted:

https://www.youtube.com/watch?v=8LBwAMF4680
lmao, okay this is good.

Wtf NSW

Whitlam posted:

Has anyone seen any predictions about when the housing bubble might pop? I mean I know nobody can put a specific date on it, and we're at the when, not if, point, but are we probably talking like within the next say five years? Possibly less?

Personally I'm kind of excited for it to go. Not for all the people who'll go bust, which is sad, but because I finish uni this year (touch wood), and I already have a great job and healthy savings account, but just lol at the idea of buying now. Incidentally most of my friends are struggling to find work and can't even rent, let alone begin to think about buying.

Whitlam posted:

Has anyone seen any predictions about when the housing bubble might pop? I mean I know nobody can put a specific date on it, and we're at the when, not if, point, but are we probably talking like within the next say five years? Possibly less?

Whitlam posted:

Has anyone seen any predictions about when the housing bubble might pop? I mean I know nobody can put a specific date on it, and we're at the when, not if, point, but are we probably talking like within the next say five years? Possibly less?

Personally I'm kind of excited for it to go. Not for all the people who'll go bust, which is sad, but because I finish uni this year (touch wood), and I already have a great job and healthy savings account, but just lol at the idea of buying now. Incidentally most of my friends are struggling to find work and can't even rent, let alone begin to think about buying.

Anidav posted:

https://www.youtube.com/watch?v=8LBwAMF4680
lmao, okay this is good.

Wtf NSW

Recoome posted:

my favourite labor moment is where they got elected in QLD on the back of preserving the reef and now they are actively hatefucking it

Yeast posted:

After sitting on a deposit and waiting for the burst 'it'll happen any day now!'

We've decided to buy.

No one really knows what's going to happen, the best you can do be smart with the money you do have, have a backup plan, and don't over leverage yourself.

Yeast posted:

I don't see it bursting and the housing market crashing. I can absolutely see it deflating like an old balloon just farting away for 2 years.

gay picnic defence posted:

it's probably a case of cognitive dissonance in action. No one with investment properties wants to believe their multi-million dollar portfolio is only worth what people are prepared to pay for it and that the instant people decide not to pay that much their hard earned net worth will vanish without a trace

The ones who are capable of thinking rationally about it are probably quietly moving their properties on to some other buyer, presumably while claiming how the prices can only ever go up up UP