@PeterCronau Utter disrespect to their staunchest ally. This is our chance to review and reset our commitment to the US, to be reviewed at such time as their government can be trusted. Anything less is humiliation.
π¨ IT'S OFFICIAL: Unvaccinated Master Aviator CWO5 Kennie Kelly β a true American hero β has been FULLY REINSTATED to the U.S. military with backpay, benefits, entitlements, and station preference!
After Biden's Pentagon kicked him out for refusing the COVID jab.
The nightmare is over.
Trump's team just delivered real justice!
I VOTED FOR THAT! π₯
Do you want EVERY service member wrongly purged by the Biden mandate brought back?
A. YES
B. NO
@TITLEIVDisRICO@stuart268 May I ask which jurisdiction.
I'm entering final orders mediation for my 3yo. I'm in a good position but it's been draining, enduring this and documenting without reacting.
You have any suggestions to lock them out of spurious litigation
They threatened you with consequences assuming you would never accept the consequences. The acceptance is the freedom. The acceptance is the exit. The acceptance is the end of their leverage forever.
My friend, who owns and runs several mega farms in south east Oz and Tasmania, told me nobody in the region seeded for new crops due to the fertiliser shortage.
Iβm starting to get that Feb 2020 feeling again where the western world (and markets) are asleep as to whatβs about to happen.
@Bender_Aus There may be another way: stop funding the state.
Yet to hear how this can be achieved, small businesses not paying taxes perhaps? Open to ideas.
Otherwise, pitchforks it is.
@Adam32407449@synthesis1010 Tend to agree, we western whites are 8-15% of the global population and getting smaller
We don't really have the luxury of bickering over how and why we are too different to be unequivocal allies
No more brother wars
Coolabah's chief macro strategist Kieran Davies has published this new analysis:
Interest rate markets were disappointed with the Commonwealth budget relative to expectations, as the market had hoped for tighter fiscal policy and a larger reduction in the supply of government debt.
This disappointment was reflected in:
>>the market pricing in the risk of more rate hikes from the RBA β bill futures sold off by 2-5 basis points and yields on cash futures strip rose by 1-4 basis points;
>>a wider spread between Australian and US government bond yields β the 10-year spread increased by 3bp prior to the release of the US CPI last night; and
>>a steeper yield curve β the 3s10s future curve steepened 2 basis points.
The catalyst appeared to be the deterioration in the headline budget deficit, which includes off-balance sheet spending by the government and drives the issuance of government debt.
The government now expects a smaller starting point for the headline deficit in 2025-26 of 1.6% of GDP (previously forecast at 2.0%), but the forecast deficit in 2026-27 is unchanged at 2.1% of GDP and the shortfall remains large until the final year of the forecast horizon, almost identical to Canberra's December estimates.
The better starting point saw the forecast level of public debt revised lower in every year, but expected gross issuance of all government securities in 2026-27 was still large at $148bn (previously $155bn) given there was no change to expected headline deficit that year. This was higher than market estimates of gross issuance of about $135bn in 2026-27.
The market had hoped that the changes to the National Disability Insurance Scheme (NDIS) and the taxation of housing, capital gains and trusts would see a material improvement in the headline deficit in 2026-27, thereby reducing the supply of government debt.
Instead, the policy changes have little net impact on the budget in the near term because:
>>The payoff from the policies is backloaded β the changes to the NDIS save the most money, but only take off from 2027-28 onwards, while the tax changes have their biggest impact on the budget bottom-line in 2029-30;
>>The forecast revenue raised by the tax changes is not that big, at least for the first three financial years of their operation; and
>>The large NDIS savings are used to spend more on hospitals, defence, a small income tax cut, and pharmaceuticals.
This is shown in the tables below, which reconcile the revisions to the forecast budget deficit from December to now, and provide the estimated cost of the major policy changes and new spending/tax changes.
The most pressing risk to the budget remains the highly uncertain fallout from the unprecedented shock to the world supply of energy and key industrial commodities.
Other more practical risks are that the planned policy changes are watered down in response to political pressure and that the policy costings turn out wrong.