Citation needed for your statistics. FDR is actually widely regarded as having fixed the depression in 1938 with his "New Deal". WHat had proplogned things up to that point was the Governments of the world sitting on their hands and doing nothing. Neville Chamberlain is on record as saying that it was just the economic cycle and his government was powerless to do anything.
Of course then the war came, and what helps you fight a war? Deficit spending! No recession after that, everyone was busy cranking out weapons.
After the war the post war reconstruction meant the boom continued for some time - because Governments were spending money.
I'm not saying that a deficit budget is a sustainable position. It isn't. That is why the spending proposed is all one off stuff, designed to get money into the economy and boost demand.
The other issue is the most of the current deficit is from the loss of revenue due to the global financial crisis. In order to maintain a surplus, the government would have to massively slash spending and cut jobs. Probably the last thing they should be doing in a recession when the Private sector is doing just that.
The problem with the current crisis is that no one is lending money to anyone for fear they may go Chapter 11 tomorrow. That's what's causing the problem. Governments the world over are stepping in to fill the gap and provide money to keep things going.
Australia is in a better position than most. Our projected deficit is about 4% of GDP (I think) and a lot less as a % of GDP then the USA, or the UK or Japan, none of whom had the benefit of a massive minerals boom beforehand.
In fact the USA had a deficit before the financial crisis.
The worst thing a government can do during a boom time is run a deficit. The worst thing they can do during a recession is run a surplus.
Leaving markets to do their own thing and not regulating them is what got us into this mess. Alan Greenspan himself admitted as much in front of a senate committee and expressed shock at having been proved wrong.
OK, not a troll, just misinformed. And it's hard to blame you with the FUD that's coming from Turnbull et al.
The accepted method of getting through a financial crisis is to spend big to replace the demand that has dried up, in order to get it going again. Failing to do so results in a bigger recession (or even depression) and bigger problems. Deficit spending is a tried and true way to get your country out of recession, and every major power is doing the same.
Unfortunately it also gives the chance for the Libs to go their usual "OMG DEFICIT BAD!!!1!" without saying what they would do in the absence of the $200B income that is no longer coming in courtesy of the mining boom ending.
You may be sure they would be spending into deficit also. The details would be different, but the result would be the same.
If your barn is on fire, it's stupid to worry about how much water will be in the well after you put it out.
Probably, but most cars now are the same, or soon will be. this one at least has a steeply slanted hood at a height that doesn't encourage sitting or leaning.
I never said they don't. They do, and that's bad. But that doesn't change the point that the ability to inspect and audit all your code for vulnerabilities is an attractive feature to any Government not wanting to trust a proprietary vendor beholden to a foreign power. China was just an example. The same would be true of France or Germany.
With Windows, you have to just trust Microsoft. With Linux or BSD, you don't have to trust anyone.
It is even more of an issue for a non-US military. If you have the source code, you can vet it and make sure no one has planted back doors that the US Govt has insisted on.
With Windows, you have to trust Microsoft when they tell you there are no backdoors. If you were the Chinese, would you believe them?
They were examples of blowing things up or otherwise causing mayhem in other people's countries. This was a response to a post that suggested that there would be a problem with blowing up someone's house if a cyber attack originated from there. My point being that some countries (in this case both of them modern Western democracies) would have no problem at all with doing this.
Actually most cars now are designed with pedestrian protection in mind. When I bought my Honda Jazz (or Fit, depending on your country) the dealer told me never to press on the bonnet to shut it. Rather I was supposed to drop it on the catch and let the weight shut it.
According to the same dealer it is designed to cushion a pedestrian's head and therefore would dent if I pressed on it.
Original Doom AI FTW. It was unrealistic and predictable, but the fac that the monsters shot at anything that damaged them (including themselves) led to some hilarious moments. There were a few third party levels that took advantage of this. The Cathedral full of imps was one of the best -
1. Open the door and wait for an imp to take a shot 2. Shut the door 3. Wait for the shouting, shooting and screaming to stop . . 6. Profit!
It was ideal for organised crime, and it started early, to the point where the army was involved and staged Australia's first and only military coup when the Governor tried to put a stop to it.
Slashdot Mirror
Another big downside: Driving a motorcycle on gravel sucks.
Not if you have the right kind of motorcycle.
If the venom were actually poisonous to ingest, the snake wouldn't live long.
My computer is a bit like that...
Citation needed for your statistics. FDR is actually widely regarded as having fixed the depression in 1938 with his "New Deal". WHat had proplogned things up to that point was the Governments of the world sitting on their hands and doing nothing. Neville Chamberlain is on record as saying that it was just the economic cycle and his government was powerless to do anything.
Of course then the war came, and what helps you fight a war? Deficit spending! No recession after that, everyone was busy cranking out weapons.
After the war the post war reconstruction meant the boom continued for some time - because Governments were spending money.
I'm not saying that a deficit budget is a sustainable position. It isn't. That is why the spending proposed is all one off stuff, designed to get money into the economy and boost demand.
The other issue is the most of the current deficit is from the loss of revenue due to the global financial crisis. In order to maintain a surplus, the government would have to massively slash spending and cut jobs. Probably the last thing they should be doing in a recession when the Private sector is doing just that.
The problem with the current crisis is that no one is lending money to anyone for fear they may go Chapter 11 tomorrow. That's what's causing the problem. Governments the world over are stepping in to fill the gap and provide money to keep things going.
Australia is in a better position than most. Our projected deficit is about 4% of GDP (I think) and a lot less as a % of GDP then the USA, or the UK or Japan, none of whom had the benefit of a massive minerals boom beforehand.
In fact the USA had a deficit before the financial crisis.
The worst thing a government can do during a boom time is run a deficit. The worst thing they can do during a recession is run a surplus.
Leaving markets to do their own thing and not regulating them is what got us into this mess. Alan Greenspan himself admitted as much in front of a senate committee and expressed shock at having been proved wrong.
OK, not a troll, just misinformed. And it's hard to blame you with the FUD that's coming from Turnbull et al.
The accepted method of getting through a financial crisis is to spend big to replace the demand that has dried up, in order to get it going again. Failing to do so results in a bigger recession (or even depression) and bigger problems. Deficit spending is a tried and true way to get your country out of recession, and every major power is doing the same.
Unfortunately it also gives the chance for the Libs to go their usual "OMG DEFICIT BAD!!!1!" without saying what they would do in the absence of the $200B income that is no longer coming in courtesy of the mining boom ending.
You may be sure they would be spending into deficit also. The details would be different, but the result would be the same.
If your barn is on fire, it's stupid to worry about how much water will be in the well after you put it out.
2/10
Obvious troll is obvious.
Probably, but most cars now are the same, or soon will be. this one at least has a steeply slanted hood at a height that doesn't encourage sitting or leaning.
I never said they don't. They do, and that's bad. But that doesn't change the point that the ability to inspect and audit all your code for vulnerabilities is an attractive feature to any Government not wanting to trust a proprietary vendor beholden to a foreign power. China was just an example. The same would be true of France or Germany.
With Windows, you have to just trust Microsoft. With Linux or BSD, you don't have to trust anyone.
It is even more of an issue for a non-US military. If you have the source code, you can vet it and make sure no one has planted back doors that the US Govt has insisted on.
With Windows, you have to trust Microsoft when they tell you there are no backdoors. If you were the Chinese, would you believe them?
They were examples of blowing things up or otherwise causing mayhem in other people's countries. This was a response to a post that suggested that there would be a problem with blowing up someone's house if a cyber attack originated from there. My point being that some countries (in this case both of them modern Western democracies) would have no problem at all with doing this.
Unless it's Israel. Don't hack their computers. They won't care where your house is.
Precedent speaks loudly.
Or for that matter, the French
Actually most cars now are designed with pedestrian protection in mind. When I bought my Honda Jazz (or Fit, depending on your country) the dealer told me never to press on the bonnet to shut it. Rather I was supposed to drop it on the catch and let the weight shut it.
According to the same dealer it is designed to cushion a pedestrian's head and therefore would dent if I pressed on it.
The labels are because multiple airbags have become the newest "ooh shiny!"
Problem is that people think that it means they don't need to wear their seatbelt.
Because your Constitution says so that's why.
Except Catholics leave out that bit. Now you know why.
All I said was "This kipper is good enough for Jehovah!"
Only in England would someone assume they have special privileges because they are "affluent".
If you took the photos from a public place of things visible from the street then the answer is forever.
I promise to wear blinkers if I ever walk past your house, in case I see something you might not want seen.
Why should the Australian Government fund research that benefits US, japanese and Korean companies?
These guys are not patent trolls. they are set up to do research and solve problems.
I guess they're about as highly motivated and intelligent as all those clever bankers.
In Australia, the vendor is obliged to give instructions on how to remove the region code.
In New Zealand, it's illegal to sell a DVD player that is region coded.
OR maybe "My Husband and iPod"
although HM hasn't started a speech that way in a very long time.
I don't pay for the radio I listen to over the air. Why would I pay for it just because it comes from a web site?
Original Doom AI FTW. It was unrealistic and predictable, but the fac that the monsters shot at anything that damaged them (including themselves) led to some hilarious moments. There were a few third party levels that took advantage of this. The Cathedral full of imps was one of the best -
1. Open the door and wait for an imp to take a shot
2. Shut the door
3. Wait for the shouting, shooting and screaming to stop
.
.
6. Profit!
It was ideal for organised crime, and it started early, to the point where the army was involved and staged Australia's first and only military coup when the Governor tried to put a stop to it.