so as the heading says "what are we all gonna do with it" whether it be put into shares bills or cars ETC ? whats everyones view on it, is it "a good thing" or "a bad thing". well either way i know where i'm looking to invest whatever part of it get, my car yep i'm supporting the motor industry on this one. the way i see it if they wanna hand me back some tax money i'll take it! my car could do with some TLC or modifications LOL

Probably new front suspension, rest can go to Japan fund.

lcd TV or something fo teh GZE

Hrmmm, provided we do get it, i think i will spend abit on my car, and abit on junk! I saw some awesome NIKE sneakers in HypeDC that i wana get!

Yeah, thats what mine will go towards i think!

New thongs and a bottle of rum.

having said that, a grouse second hand .308 would do me nicely

havnt been up to date with the news lately, just came back from a long holiday...but what is this 950 hand out???

I think it is better off being spent on infrastructure. I am biased towards construction since I work in the industry though

As the replies so far, bar Simo 'cause he is Ostrayan, are all pretty much going to fund, or at least half fund overseas industries. If the handout is passed and I qualify, that would be a first for me, I'd do my best to find something Australian to buy. The idea is to not invest the money, it is meant to be spent to get the economy going again. Do I think it'll work? No, no stimulus package thus far as worked, so why keep trying the same method. Built some ****!

Whatever we do with it, I am sure we will be paying it off with increased taxes for years to come. It is the dumbest thing I have ever heard of. The only way to stop a recession is to create jobs through infrastructure spending, not giving out lollies to the kiddies.

Thankyou very much... finally, some intelligent life in this country.
Can you believe 20,000 morons have joined a facebook group entitled "Don't let Malcolm Turnbull take away our $950"?

We shouldn't talk about this though... DHC09 will come along and tell me to join a debating forum again.

Its proven now that the labour govt only knows how to spend and gives out cash.. they have NO idea whatsoever on how to manage an economy.. Did the mistake once over the christmas... fine.. im over that.. NOW AGAIN?! They clearly dont learn from thier mistakes.. stubborn bunch of idiots..

The whatever 12 odd billion could have been better spent on more schools, health, better infra or anything USEFUL... Maybe we should put the words "multiplier effect" into their small brains...

<End of Rant>

My thoughts.

Handout is a total waste of time, gambling and most goods for sale in australia aren't australian

Infrastructure ain't bad, but hey, how many stupid roads do we need

Invest the money into research and development and education in australia to push the country forward and make us even better in the future. I think the money on schools is a brilliant idea. So are insulation and panels, but lets do stuff we haven't done before.

I for one would be happy to quit my job and spend countless hours on R&D with all the forum members here building a revised 2zz we can put into every car in the country.

My thoughts

whitestivo

The labour government should also be sending refugees back the way they come too, there aint enough to go around us let alone some other sponge (I am an idiot i swear).

At least most people most understand this issue, and can some what contribute to a healthy discussion.

I personally think its a waste of money as well. Like how long will the spending of the $950 last? 2-3months? And do we suddenly come out of rescission when all that is spent?
The irony here is that its an expensive "cheap fix". But you can't deny it, it sure does win the votes of low-income families. Mind-games yO



You have no way near the intelligence nor the background knowledge to even begin talking about that issue. So please sit back down to your beer and techno.

At least Leory has some brains.

lol i wont be getting anything unfortunately, was at uni . bummer

new tyre and mag package

as much as i do like ppl seeing joy i just cant c how this solves the issue at hand ...... i would much rather my tax $'s (which they are simply giving back to me only to take it back again end of this financial year) spent on something a bit more worth while ..... i mean go and build something ..... invest in something ..... do something useful with the money on behalf of australians to create jobs ...... i am pretty dissappointed knowing that most of this cash is probably going to be pushed into alcohol or drugs or pokies or some other form of un-necessary expenditure ...... oh well.



so when r we shipping u back to the UK in chains simo on an olden day wooden sails boat as used in her magisties navy

So what, people being made redundant left right and centre, and yet centrelink is full of bloody sponges, makes no sense...

<cupcakes DHC09> have a fart darlin, cheer up

you think i get fired up from your posts?

I just feel bad for you mate. Its embarrassing to say the least.

yet you argue with me LOL

Arguing involves a dialogue. Your just farting, and I'm just pointing out how stupid you are (which you agree yourself btw). No arguments here

so by this logic refugees = sponges ??????

i agree i am not too impressed by the fact that my tax $'s pretty much get handed over to a bunch of bludgers ..... however to implicate that all these scum are refugee's i'd have to say ur 110% mistaken ..... simply put maybe sus out the beaches for surf boys who basically bludge @ the beach and im sure they wont be refugee's and if u stroll the streets of redfern im sure u will find evidence of non-refugee's leeching the system ...... what am i getting at ..... its not a RACIAL problem ....... race has nothing to do with it ...... its peoples attitudes to a free meal ticket as opposide to treating it as a helping hand .......

personally im of the opinion if u want to be on the take from the government then the government should put these people to work ...... be it cleaning up public places, to looking after public gardens, to other various ways of helping a hand in the communitee ...... anywhere and anything that needs attention which doesnt have a means of being completed because no one has the money to pay for it ..... these people should b put to work on that.

to your statement regarding redundancies ..... lets not forget what some of these top exec's and CEO's are walking away with these days even though everything is going to crap and partially from most of these guys faults .......

rugged, i should of worded it better, that was nothing to do with race, I meant, why let more people in when people who are already here are finding it hard to get work and being layed off (like my mum who had a high paying government job) and handing over large amounts of cash to them, makes no sense to me...

i think its time to take this down now QUOTE (Blind Kid Seeks @ Jan 16 2009, 10:12 AM)
you make me proud to b Australian Simo... thanks!

all i can say is $950 is big price to pay for a cheap spending spree, all this goverment as shown us is it has no fresh ideas and is following the united states in policey

as for what ill be spending it on? if im intitelled to it, not really sure
allso agree with what superdave said in spending australian, but in a more general way. choose a locally built cai or suspension set up instead of going overseas for eg

The attitude you have is not very Australian for some who claims to be a very proud one. I thought part of being an aussie is lending a hand to those in need and less fortunate than us.

Your connection between your mum getting fired and helping the refugees shows how naive your thinking is. She got fired because the government doesn’t need her anymore. It has nothing to do with refugees. Lay-offs happens every day (with refugees or not), it’s just the way it is.

OK my 2 cents...

The selfish side of me wants the $950...

But I like so many intelligent members here knows that this is spending the cash borrowed on credit, and the interest will be increased tax in the future to make up the deficit...

There are ofcoz better ways to spend the money, but the $12.4 bil handout is more or less a vote buying exercise much like the predecessor govt...

I agree with the opposition, backed by financial analysis and economist the package is way too big for the current economy which is shrinking but not to the point where we need to sink in 42 bil...

We should instead split up the package and target strategic areas that create job opportunities which hopefully creates a ripple effect and creates even more jobs and you then have increased consumption which is what the economy needs... (or as Turnbull puts it, leave some ammo in the cabinet...)

Thats how the US got out of their 'Depression' in a nutshell they hired 17 mil soldiers, hire lots of people to work in the govt thus was able to recreate consumption again... (but we know this cant happen now since private entity back then were not big enough to hire so many people...)

Fighting a lost cause and in denial... *sigh*
Yet somehow the government believe all this money will be re-invested into the economy?? This is an absolute joke if you ask me. Also if everyone thought the same then we wouldn't be in this disaster in the first place, people are scared/afraid which sometimes you just can't blame them. Poor job security and mortgages don't go hand in hand.

(Note:This isn't my entire view on the issue, but a joke never hurts, eh?)

"This year, taxpayers will receive an Economic Stimulus Payment. This is a very exciting new program that I will explain using the Q and A format:


"Q. What is an Economic Stimulus Payment?
"A. It is money that the federal government will send to Taxpayers.


"Q. Where will the government get this money?
"A. From taxpayers. And banks. Actually, we really don't know yet.


"Q. So the government is giving me back my own money?
"A. Only a smidgen, but don't worry, we'll get it, and more, back off you.


"Q. What is the purpose of this payment?
"A. The plan is that you will use the money to purchase a high-definition TV, thus stimulating the economy.


"Q. But isn't that stimulating the economy of China?
"A. Shut up."

I wonder if the current Governor-General is willing to sack another PM?

42B is enough money to get a lot of infrastructure projects started and running across the country for at least a year. Money is then injected into the economy via some useful means. The money then flows into the other non-construction based industries and there is my engineering economics kicking in. Once the infrastructure is in place the country becomes more efficient and is able to turn more money. Look at what America did in the 30's? Look at what Japan did in the late 40's and 50's? A common theme is forming...

Both me & partner get it so were putting 1 payment on debt & 1 payment on furniture for the house......or car stuff if she lets me....

The Govt General will never sack Rudd, she owes him the job...

GG earns more than the PM FFS!!!

of the 42 billion only 30 billion is put into some form of infrastructure such as insulation, classroom upgrades etc... the cast handout costs 12.4 billion alone...!!!

not to mention Rudd sort to push up our credit limit to 200 billion...
_____________________________

that aside i read Turnbull's plan cost 175 billion but dont know the details...

some ppl are saying its the pot calling the kettle black again lol...

And that's exactly what Rudd and Co. are playing on. The average consumer needs some cash now - but does not have the foresight to realise that all that cash now means a massive interest rate and tax hike 2 terms from now, or that they won't get their highways/trains/hospitals etc upgraded for some time to come. Does anyone remember the 18% of the late eighties?

As Superdave said, infrastructure is the only way to go. If you build things, it keeps and even creates jobs. It also ensures that, after all this has blown over, you and I have facilities to use rather than a 50yr old train service covered in scorch marks and graffiti. In the case of commercial buildings, it even sustains future demand without jacking the price sky high as a result of competition.

Hell, I'd even be inclined to offer a generation of youth a free university/TAFE education - just like our current government and generation of vice chancellors received. No, I'm not talking sour grapes because they got something I didn't... By subsidising education you 1. relieve the financial pressure on students and their families, meaning they will spend more of their disposable income in the present (rather than on text books and fees)... and 2. increase the chances of Australian's getting decently paid jobs in the future, rather than having to contract imports (who will inevitably take that money back their overseas families) due to a skill shortage.

What's even more disturbing is the lack of care put into this bailout package. Had it been pushed through, we would all have spent 2.52 billion on defence housing rather than 242 million due to a typo.

As an ending rant, all you that voted Labor at the last election have little cause to whinge as you brought this on yourselves. I sincerely hope you have learnt a lesson and savour that $950 bucks, because its gonna be a while before you have money thrown at you again.

Leroy
(and thanks for the glowing endorsement, DHC09 )

I'm going to build a tree-house.

Should this thread really be in the car section? Should it not be in the general section.

well, i started this topic and it interesting to see what people really think and the more i thought about it i agree with super dave, and the suggestion that tax eating dole bludgers should do work??? so now i actually put some thought into it i might just donate my money to the melbourne fire disaster and give it to those in need, that way my handout is going back into aussie hands that need it and i know will do something responsible with it. think about it it'll take years for insurance companies to pay out those who have lost their homes and belongings. as for those dole bludgers maybe they should be sent to help the clean up, maybe i dunno. like they say "more hands make light work".

whoops my bad super dave,

top call

i have a question, how would infrastructure work if people dont have the money to purchase these products or services?

I think its more like govt giving money to schools and in turn they get the contractors to fix up watever its needed to be fix...

infra being roads, train tracks, better public transport, port and anything civil (correct me if im wrong) you dont buy roads but instead you USE them so that makes you benefit from the improved infrastructure. The economy works because one person's spending is another person's income (basic year 10 economics) so if you spend it through infrastructure you will have the money flowing to different sector ranging from the people that build the road, to the new shops or servo thats built because of the new roads and to the new supermarket that will hire more people, create more job, encourage more spending.

Sounds like a pretty crap example but i think the general idea is there.. if you just give people 950 dollars, you not only risk the chance of them not spending the money but it might goto things like alcohol, drugs and what not which WILL NOT have a positive effect on the economy. Spend it right and you will see it work wonders..

The current package is the Labour governments plan to resist reccession, i think its stupid, it would only stimulate the economy temporarily if it does go according to plan. If our economy is going into reccession there is nothing anyone can do, all we can do is to toughen it out untill the reccession is over and economy stregnthens. The money comming from tax payers, i think all this tax money can be spent elsewhere eg. hospitals.

Ive always been a Liberal supporter because they dont splurge money...!



cheers

I miss Mr Howard

Here here!

Mr Howard did do a pretty good job, although I am totally not into politics.

if it does go through and happen, i would be looking at a few performance upgrades
EDIT: instead of the government giving out this 'free' so to speak money, why don't they give us our taxes back early

Evo

You mean like foglights?

I don't really follow politics either but my vote was for Howard. Everything seemed fine at the time and if it ain't broke, don't fix it.

Rudd Government agrees to alter stimulus package

* February 12, 2009 - 12:30PM

The Rudd Government has agreed alter its $42 billion stimulus package, reducing cash payments to eligible taxpayers by $50 dollars to $900 after pressure from crossbench senators.

- Reduced cash payments
- Senate debates bill
- Midnight vote deadline

x2 but if he was still in youd be complaining bout that too, i voted howard, like i was telling every one better the devil u know....

lols i joined that facebook group thingo
I'll be using the money for Uni textbooks

he knows his stuff...