Anyone can do NOTHING and wait (ODT)

After the disastrous political reception to its first budget in 2014, the government made no further serious attempt to reduce the budget deficit, instead quietly resolving to wait until the passage of time caused the economy to strengthen and tax collections to recover.
The government’s net public debt has doubled from the $175 billion it inherited in September 2013 to $355 billion this October.

The first politician to show us a projected return to surplus in the next few years was Julia Gillard in 2010. Since then, the Coalition has had to revise down its own projections countless times. We’ve learnt the hard way not to believe any budget number that’s not an “actual”.

 

via The truth behind the Liberal Party’s MYEFO budget update