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- Flying Foxes and little girls
- Tony Abbott does a Turnbull
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- Time to go Stephen Robertson
- The Water Commission
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- Darryl on Separation of Powers The Bliar Government thinks that the Doctrine of Seperation of powers means they have seperate laws that relate to them and ... more
- Darryl on Flying Foxes and little girls Not until one of these magistrates or politicians families are personally affected will scum like Fetalaiga ever see a ... more
- Liberator on Flying Foxes and little girls In the eyes of Sandra Kanck, former leaderor the former Democrats, a spider is not more, or less, important than a human ... more
- Brian on Smith Blog - Our Right to Feel Safe Change one word in the sentences . Maximum to MINIMUM I will be there on Wednesday more
- angry on Flying Foxes and little girls This is the SICK and PERVERTED laws you get from FANATICAL greenies. Human being to them are seen as simply PARASITES on the ... more
- Shez on Halal certification It doesn't say it, but those are the guidelines required for something to be labelled Halal or "permissible". :-) more
- angry on Halal certification "Shez", for your edification the word "halal" is NOT mentioned in the Bible ANYWHERE! FAIL! more
- angry on Halal certification "Shez"... Given your rabid and fanatical support for this, please remember that you are free to emmigrate to a muslim ... more
- angry on Flying Foxes and little girls This SO TYPICAL of the Leftist ideology of anna BLIER'S government! She and her government are on the nose and well and ... more
- Ray on Halal certification Halal signifies that a product or object etc is permissible as per Islamic law. Therefore bananas,apples etc are edible ... more
- JohnE on Racists in our midst I amazed to see indians taking over all the 'menial' work (no disrespect to that type of work intended). Every trolley boy ... more
- JohnE on Flying Foxes and little girls Absolutely disgusting. Simply not good enough. If the law is NOT acceptable, we the people, have the power to change it. I ... more
- Shez on Flying Foxes and little girls I wouldn't wish bad on anyone, but maybe if one of these judges that give out these so called punishments are victims of a ... more
- Shez on Halal certification Halal in the Bible... FROM THE BIBLE: Deuteronomy 14:3-10. Do not eat any detestable thing. These are the animals you may ... more
- David T on Tony Abbott does a Turnbull Tony, we need a strong opposition not a fickle oppostion. Please don't give the government any more ammunition as this will ... more
- Albert on Flying Foxes and little girls These laws prove once again that the environmental movement is not about taking action to protect human life and future ... more
- angry on ETS Police SUBJECT: 'Execute' Skeptics! Shock Call To Action: 'At what point do we jail or execute global warming deniers' -- ... more
- unimpressed on Flying Foxes and little girls Fetalaiga's 18 month ban from driving just shows the level of stupidity of both the law makers and the magistrates that ... more
- Lynne on Flying Foxes and little girls The only thing in Queensland that is better protected than these disease riddled flying vermin are bureaucrats. When are ... more
- LEONARD on Separation of Powers The Doctrine of the Separation of Powers has become simply a joke. It purpose is to separate the Legislature, the Executive ... more
The US securities commission
Our state Treasurer will shortly deliver his budget for next financial year.
A budget is an informed guesstimate about the state’s expected income and expenses for the year coming. I think actual, recorded results give a much better view of how well a government is managing.
This is Treasurer Fraser’s 2007-08 Report on State Finances. You might want to think twice about opening it. It’s 110 pages long and a bit impenetrable. http://www.treasury.qld.gov.au/office/knowledge/docs/state-finances/2007-08/state-finances-report-2007-08.pdf
It tells us that in the boom financial year of 2007/08 he delivered a deficit of $1.6 KEV*. That is a profit-and-loss result of negative $1.6 KEV*. His government also spent $5 KEV* more cash than it brought in. That’s as a result of its capital works program not being managed to budget. In other words, it blew its budget badly.
Treasurer Fraser explains that away with this magnificent piece of Sir Humphrey-ism. Get ready. It’s superb. Here it is, a direct quote from page 4.01.
'Capital Purchases in the General Government sector exceeded the estimated actual forecast due to a lower level of under expenditure than anticipated.'
That one is going in a frame on the wall.
OK, that’s one thing. The government’s total debt as at 30 June 2008 is the really scary number.
The financial disclosure laws in the United States are pretty comprehensive. Queensland’s Treasury Corporation raises money in the United States. So our government has to produce financial reports for the US Securities and Exchange Commission that meet US reporting requirements.
And that’s great, because the resulting financial statement is much, much easier to read than the one that the Government puts out here.
http://www.sec.gov/Archives/edgar/data/852555/000119312508251662/dex99e.htm
That document shows clearly that as at 30 June, 2008, Queensland’s state debt was $41.796 KEV*. We owed $42 KEV*. And that was as a result of the good times. God knows how much that’s grown in the 12 months since then.
$42 KEV*. I’ll write it out. $42,000,000,000.00.
There are currently 2,236,800 people in the work-force in Queensland as at April, 2009
On that basis, each working person in Queensland owed $18,776.80 as at 30 June last year. We’ve been paying the interest load on that money all year.
Not Federal debt. Not personal debt. That’s debt owed by the state government of Queensland. Now you can add in your share of the $300 KEV that Kev’s borrowing as well.
Before we pay for one copper, one nurse, one doctor. It’s like each of us having a $18,700 credit card balance to finance every month before we can buy the groceries.
Happy with your election choice? There will come a time when a sensible economic manager in this state will need to relieve us of the burden of the interest payments. That will mean asset sales in rail, power stations, ports and anything else that’s not bolted down. The people who are in power at the time will cop it for that - but make no mistake - the reason we’ll have to do it is because of the shocking mismanagement of the boom times.
This state really did deserve better.
* a $KEV is the unit of AUD currency formerly known as $1 Billion.
