The Placido Domingo of Australian politics.

Hmmm.  What can be said.

According to the AFR, former Australian Prime Minister Paul Keating:

warned the Retirement Income Review to keep its hands off the legislated increase in the superannuation guarantee to 12 per cent.

Keating should me more concerned about the superannuation contribution rate falling to NIL what with all of the unemployment from the current recession the Government chose to have.

For the unemployed, 12% or even 9% of nuffin is still nuffin.  But hey.  Keating won’t notice with his defined benefit pension and ex-Prime Minister office, both funded by tax payers.

But here is a cracker from PJK:

It is a breach of the preservation rules to just let anyone take out their money willy-nilly.

Right.  Anyone who spends their money without prior government approval will be punish.

Some more perhaps:

Instead, support for citizens experiencing financial hardship should have been an entirely “fiscal” response financed by the public purse or central bank.

Hey Paul.  Whose money is in the public purse?

But this one is the best:

Every dollar which came out of young peoples’ super balances could have been funded by one press of the computer button at the Reserve Bank.

Thanks Paul.  As he would have said, all tip and no iceberg.  But perhaps the iceberg has melted because of global warming.  Sorry, climate change.

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22 Responses to The Placido Domingo of Australian politics.

  1. stackja

    PK piggery questions.
    PD facing me too questions.

  2. Bruce of Newcastle

    let anyone take out their money willy-nilly.

    I think the punters know exactly what they’re doing, especially when we keep on seeing headlines like this one:

    State-backed pension scheme Nest will divert nearly half of workers’ cash into green investment strategy (3 Aug)

    State-backed pension provider Nest is to plough £5.5billion, nearly half of its 9million members’ money, into a climate-friendly investment strategy.

    Nest’s goal is to halve carbon emissions generated by its investments by 2030 and reach ‘net zero’ by 2050.

    What chance there will be any actual money left after thirty more years of woke green investment strategies. May as well take the money out whilst you can and pay down the mortgage.

  3. H B Bear

    There is nothing more “ex” than an ex politician.

    You can’t even use them to wrap you fish and chips.

  4. C.L.

    Every dollar which came out of young peoples’ super balances could have been funded by one press of the computer button at the Reserve Bank.

    Just wow.
    “The computer button.”

    How did I miss that keeper yesterday?

    Paul Keating has weighed into two topics (mainly) as an ex: China and super.
    The China Development Bank adviser has nothing to say about China? Like, it’s not as though anything important has happened involving that country in the eight months of his sabbatical, right?

    What a clown.

  5. H B Bear

    Only consultants and big business need ex politicians. Pay them a few hundred thousand, give them an empty office and make sure the current Minister takes their calls.

  6. Ƶĩppʯ (ȊꞪꞨV)

    da pig farmer is da best treasorah evah!

  7. Bruce

    Placebo Ma’ Dingo, more like it.

    Is PK another one of those “honest politicians”?

    You know: When they are bought, they STAY bought”?

  8. C.L.

    The Placido Domingo of Australian politics.

    Nah. Michael Bolton.

  9. John Bayley

    Keating should just have the good grace to FOAD (although being a nice person, I won’t insist on the last two letters.

    And he should take Rudd and Turnbull with him.

  10. Bronson

    Still got his fingers on other peoples money. The great PK and the recession we had to have. Obviously he hasn’t got his talking points from China yet maybe he could borrow some from Dan of the Dead?

  11. gary

    Super is just people’s savings, and it is a good idea to have savings to help get through a period when you have no income e.g. retirement, or if government edict causes your business to fail or causes you to lose employment. It looks like COVID will be affecting people for years, so if people need to rely on savings to get by, they should be able to access as much money from their super as they need.

  12. John Dee

    For the unemployed, 12% or even 9% of nuffin is still nuffin. But hey. Keating won’t notice with his defined benefit pension and ex-Prime Minister office, both funded by tax payers.

    Keating is not entirely stupid.
    He would be aware that his defined benefit pension could end up nuffin if the system goes bankrupt.
    ScoMo and bureaucratic health officers seemed determined – and are well on the way – to doing exactly that.
    A case of “money for me but not for thee”?

  13. John Dee

    Superannuation assets totalled $2.7 trillion at the end of the June 2018 quarter, a new record according to the Association of Superannuation Funds of Australia.
    Hmmm…Australia is bankrupted by the Plandemic insanity.
    These f/wits are totally out of control.
    If they can forbid an Australian walking on a beach….
    “They” can also decide to raid the Superfunds.
    Temporarily of course.
    And in “the national interest” it goes without saying.
    Damn….no wonder Paul The Mouth finally surfaced.
    We really could all be in this together.

  14. John A

    Bronson #3536237, posted on August 5, 2020, at 10:19 am

    Still got his fingers on other peoples money. The great PK and the recession we had to have. Obviously he hasn’t got his talking points from China yet maybe he could borrow some from Dan of the Dead?

    Rather, he still wants to have ALP “hands on the economic levers of the country.”

    Trained by Gough (cough, cough) – the source of so much of the mentality of government controlling the country and running things instead of serving the people of this once-great country.

  15. RJH

    This from a fraud who has never had his nose out of the public trough since he left school and then managed after being decisively rejected by the voters to leave the Country with $96B of Debt? With that history/record, I am not sure I would be interested in anything he wishes to say. Interesting too was how quick he was to leave his loyal party members in Blaxland for his new acquaintances in Sydney’s Eastern Suburbs – certainly showed if nothing else, he had learnt in true “progressive” tradition how to follow the money trail for his own advantage

  16. Up The Workers!

    Covid 19; Labor Leprosy; Peking Pox; Socialist Syphilis; Bolshevik Bronchitis; Commo Cough; Dodgy Dan’s Distemper; Leftard’s Lament.

    Following in the Humpty Dumpty footsteps of Gerbil Worming and Climate change, it is the latest “Apocalyptic Catastropharianism” we had to have.

    Sure beats having policies, competence or good governance.

    And it gives your inner-Leftard Totalitarian a run!

  17. philby

    I look at what is happening and the damage being done now and well into the future then ask myself will the governments today and in the future be able to resist the huge pot of super funds at hand especially those in pension phase. Death duties , limits on withdrawals what sort of government interference can we expect. I am considering my options in SMSF when interest rates are nothing and shares are up and down like the proverbial and marking time or worse.

  18. Diogenes

    am considering my options in SMSF when interest rates are nothing and shares are up and down like the proverbial and marking time or worse.

    I have mine in “Aussie Fixed Interest” which is actually bonds not cash sitting in a bank account as the name would imply and it moves in the range +/- $200-$500 a day (@200k invested) !

  19. Professor Fred Lenin

    It was good to see Old Keato being re funded by the Chinese Communist Party , the bribe money he had invested had shrunk because of negative interest rates , wonder how he explained the Aldi bag of cash to his bankmanager ?
    Join the ALP,devote your life to getting rich comrades .

  20. Bob

    Placido Domingo my arse.
    Keating is the “Norma Desmond” of Australian politics.
    Remember her from the film “Sunset Boulevard”?
    She was the demented, faded silent film star whom the world has passed by, who obsessed with being in the spotlight again. Rattling around in a mansion, making statements hoping someone would listen, expecting to be revered. It’s as if Keating has built his post politics life around Norma.

  21. Neil

    after being decisively rejected by the voters to leave the Country with $96B of Debt?

    Debt went from $16B in 1983 to $96B by 1996. Since 1972 there is only one govt to reduce govt debt- Howard/Costello.

    Who knows what debt will be after the current spendathon

  22. Squirrel

    He’s sounding more like Sandy Stone, but Bob at 2.56pm makes a good point, too.

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