My Latest Twitter Updates

  • Budget surplus projected to be $1.6 billion this year, down from $3.5 billion. #MYEFO #
  • This year's budget deficit 2011-12 projected to be $37 billion. #MYEFO #
  • Federal government cuts $6.5 billion in spending… Visa charges increased to raise $613 million. #MYEFO #
  • @imurch Yes, corrected, first tweet deleted! #
  • The Mid-Year Fiscal and Economic Outlook is here: http://t.co/zuR5Nzmv #MYEFO #
  • Govt has cut the Baby Bonus to $5000 to save $357 million. #MYEFO #
  • Govt will save $1.5 billion with a 2.5% increase in "efficiency dividend" across government departments. #MYEFO #
  • @mprimme $5400 #
  • "Cuts to baby bonus to get back to surplus" http://t.co/wMw6uMCI – news.com.au #
  • "Labor announces cuts to public service, baby bonus to achieve surplus by 2012-13" http://t.co/prIusKWb – The Australian #
  • "Budget surplus narrows to $1.5 billion" http://t.co/k3Msr0eR – The Age #
  • Still rats at the Daily Telegraph: http://t.co/gjOvyef9 #
  • "Government slashes $7 billion" http://t.co/3Guw9bju – Canberra Times #
  • "Swan swings the axe as revenue falls" http://t.co/sZn06rCt – ABC News #
  • "Spending slashed by $11.5 billion to achieve budget surplus" http://t.co/l6mHV7t0 – Herald Sun #
  • "Government slashes spending by $6.5 billion" http://t.co/2fMjpdv5 – Financial Review #
  • RT @CanberraInsider: On this day in 1948, PM Ben Chifley launched first Holden motor car off the assembly line. http://t.co/k9gTWQsl #
  • It's not often I pray for Wayne Swan to appear to save me from all this babble… #MYEFO #
  • Treasurer Wayne Swan press conference on the Mid-Year Economic and Fiscal Outlook… #MYEFO #
  • Swan: Storm clouds are gathering and the darkest clouds are over Europe… Treasury downgraded growth forecast… #MYEFO #
  • Swan: Despite storm clouds, we remain on track to reach a surplus in 2012-13. #MYEFO #
  • Swan: Revenues have been hit to the tune of $20 billion… our fiscal discipline needs to send a message to the world… #MYEFO #
  • Swan: We are showcasing to the world our strong fiscal position… a balanced approach to our public finances… #MYEFO #
  • Swan: This is the first time in history we have received the triple, gold-plated rating (AAA) from all ratings agencies. #MYEFO #
  • Swan: Most countries could only dream of having growth at trend levels but that's what we have. #MYEFO #
  • The Treasurer has charts but lacks the presentation skills to take advantage of them… #MYEFO #
  • Swan: Unemployment is expected to remain low… price pressures have eased since the budget… excluding the one-off carbon tax impact." #
  • Swan: Budget increase in 2011-12 is not due to increased spending… due to a write down of revenues, including disaster relief. #MYEFO #
  • Swan: There is nothing particularly discretionary about the budge deficit increase in 2011-12. #MYEFO #
  • Swan: Update delivers $11.5 billion in savings… they build over time and assist structurally… net improvement is $6.8 bn to bottom line. #
  • Swan: No other government has demonstrated this record of fiscal discipline, and is endorsed today by the ratings agencies. #MYEFO #
  • Swan: Our debt is a small fraction of our peers. Read the analysis today from Fitch. Net debt at 8.9% peaks at less than a tenth of others #
  • Swan: GDP is now 6% greater than before the global financial crisis… flows through to jobs and job security. #MYEFO #
  • Swan: I've now been Treasurer for four years… during most turbulent times since the Depression… we've responded in a calm way… #MYEFO #
  • Swan: We have taken the middle path between prudence and the big axe… #MYEFO #
  • Finance Minister Penny Wong: Additional Efficiency dividend of 2.5% applies from July 1, on top of existing 1.5%. #MYEFO #
  • Wong talks of savings in consultants, advertising, travel, hospitality, etc. No mention of the Speaker. #MYEFO #
  • Questions to Swan… aren't you willing to sacrifice jobs to achieve a political vanity goal of a budget surplus? #MYEFO #
  • Swan: Everything we've done is strike a balance to support jobs & fiscal balance. Our first priority has been jobs & good budget management. #
  • Swan: Participation and skills were front and centre in the Budget… we should be confident in our own strengths… #MYEFO #
  • Question: Why are new parents going to face a $457 cut to the baby bonus when ex-MPs have access to the Gold Pass? #MYEFO #
  • Herald Sun question is a reference to this: http://t.co/1ldxlAkO – for those with long memories, Forbes's back is back… #
  • Has the Education Revolution hit a wall, Swan is asked… Wong points out extra $5 billion in universities… #MYEFO #
  • Discriminatory spending? #
  • RT @mishaschubert: Did it ever occur to you to defer compo for carbon tax, asks Shanahan. "No," shoots back Swan #myefo #
  • Question to Swan on same-sex marriage at ALP Conference… I'm going to say that at the conference, he says. My view is clear, says Wong. #
  • Greens leader Senator Bob Brown criticises Swan over pandering to ratings agencies in pursuit of a paper thin surplus. #MYEFO #
  • Brown criticises cuts to education and research… #MYEFO #
  • Brown: It's going to be a tougher Christmas for some Australians, whilst gifts, handout and bounties go to the mining industry. #
  • Brown: The ratings agencies don't run the economy, the parliament does. #MYEFO #
  • Brown on achieving the surplus: I think they can but let's take it from the short term wealth base, not the long term intellectual base. #
  • Brown: $400 cut from universities has been done without any thought of how they might have done it better. Ratings agencies are no excuse. #
  • Brown on baby bonus: We'll look at it carefully to see how it impacts on low-income mothers. #MYEFO #
  • Brown: The original purpose of the baby bonus from the Costello days is one I would dispute. #MYEFO #
  • Brown: The mining lobby calls the tune on both the Labor and Liberal parties in this parliament. #MYEFO #
  • Scuttling basin reform… #
  • @smurray38 For total certainty at all times. #
  • It's the double whammy on Sky… #
  • Nicholas Stuart: Gillard needs to find a way to escape the long, grinding tactical trudge through the trenches. http://t.co/f1Syz1To #
  • Tony Abbott on #MYEFO pink batts, school halls, broadband… "There is now no buffer against international problems." #
  • Abbott: The 4 biggest deficits in Aust history delivered by Swan, a thin surplus, the debt blown out and out, not $107bn but over $130bn. #
  • Abbott: Last week we saw a PM do whatever it takes… now she does whatever it takes to make her budget numbers stack up. #MYEFO #
  • Hockey: The govt has increased spending by $11 billion. Only revising revenue down by $9bn over four years. #MYEFO #
  • Hockey: They claim the biggest financial consolidation but in 6 months this year the budget deficit has tripled. #MYEFO #
  • Hockey: They expect us to believe they will deliver a miraculous surplus… the numbers are unreal… #MYEFO #
  • Andrew Robb: Not only are we most vulnerable if Europe melts down but this surplus is a hoax… expenditure brought forward or deferred… #
  • Robb: There is no figure for foreign aid… nothing in next 4 years is allowed for disability scheme… no defence increase… #MYEFO #
  • Abbott: They should rescind the carbon tax & the mining tax, & cut wasteful spending like the NBN, if they were serious about protecting us. #
  • The great economist Adam Smith… #
  • Abbott: Compared to some other countries, Australia looks good, but it is the reform of other governments that did this… #MYEFO #
  • Abbott: Swan's fiscal management has been no better than the Americans and English if you take into account no banking crisis… #
  • Abbott refuses to use "MYEFO" or "mid-year budget update", in favour of "crisis mini-budget". #MYEFO #
  • Abbott: This is a Treasurer who has been much better at forecasting surpluses than delivering them. #MYEFO #
  • RT @brucehawker2010: Labor Party Reform and Australian Democracy http://t.co/8MxVneMS #auspol #
  • #MYEFO report from Channel 10: http://t.co/rj8wcshN #
  • Download the MYEFO report and listen to Swan, Abbott and Brown press conferences here: http://t.co/qmiYj33S #auspol #MYEFO #
  • RT @farrm51: Size doesn't matter when it comes to surpluses. http://t.co/A7mQ399R #
  • Mitch Hooke, top lobbyist who brought down a prime minister, or loudmouth with little influence? http://t.co/7xsnouHy #
  • @TommyTudehope Yes, as the Walkley winner pointed out: http://t.co/bwYVdt9p #
  • RT @FinancialReview: Phil Goff resigns as NZ Labour leader following this weekend's election results http://t.co/vNavMESZ #
  • Listening to @AndrewCatsaras talking elections on ABC Hobart. Streaming here: http://t.co/zYo5itlw #
  • Hockey: The govt didn't stop Australia going into recession. The people did. #PM #
  • And Hockey repeats his line that he won't outline any budget savings because "we're sick of doing the heavy lifting for this govt". #PM #
  • More #MYEFO on #abc730 – a good time to remember the words of Bill Keller on economics in the age of shouting: http://t.co/hzFqjh1l #
  • Drilling down with Mr. Swan… "a very substantial downgrade in revenues" … "prepayments and downpayments" … "consolidation" … #
  • If you missed it, here's the "Independent Review" of the Christmas Island and Villawood "incidents" – http://t.co/PICkyeI6 #abc730 #
  • An Amazon package tonight: Pietrusza's "1948". I was hooked after I read "1920 The Year of the Six Presidents" http://t.co/rHFltsdD #
  • And "Scorpions", the story of FDR, and his Supreme Court Justices Frankfurter, Black, Jackson and Douglas. http://t.co/nyEwMu2e #
  • "The Supreme Court is nine scorpions in a bottle" – Alexander Bickel, law clerk to Justice Felix Frankfurter, 1952-53 #
  • Also just read the Quarterly Essay responses to Manne's essay on The Australian, including this from Mark Latham: http://t.co/WDEIMLge #
  • @deniswright @drng Interesting how entrenched that view is, yet he produces some of the most incisive analysis of politics today. #
  • @deniswright @drng I do him a disservice by highlighting that paragraph. The full 4-page response to Manne's essay is solid stuff. #
  • @drng His 27 page introduction to his diaries should be compulsory reading in any Australian politics course. #
  • Who are you calling unnaturally interested in politics? http://t.co/E5w4UT5J #
  • High school student attends US Governor's speech and tweets criticism. Governor complains & school orders apology. http://t.co/a6PzgNQC #
  • "A victory for free speech: Teen wins apology from Governor after tweeting 'he sucked'" http://t.co/7xbHGljP (via @weezmgk) #
  • Earlier tweet from @MelissaGiaimo regarding @AJStream should have have said 6.30am Melbourne time, not 5.30am. #
  • Excruciating. #Lateline #
  • November 30 is Mark Twain's 176th birthday, so a colourful Google tells me. http://t.co/oAxIPPUQ #
  • Peter Hartcher says the world is staging a run on Europe and the Gillard govt has chosen to protect confidence: http://t.co/1KEOAV6z #
  • The MYEFO mini mini-budget is just a bit of budgetary spring cleaning, says Ross Gittins: http://t.co/MQFErDVH #
  • But Dennis Shanahan says political disaster looms because of dogged adherence to a political line: http://t.co/B8qR28qr #
  • Paul Kelly says Labor seems ignorant of public unease about gay marriage & risks breaking from its social origins: http://t.co/XQMYzVc7 #
  • @apmd I haven't seen him write anything quite like this one. Reminds me of the apocalyptic stuff when no-fault divorce was legislated. #

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