Tag: The budget
It’s astonishing now that the analytical dust has settled on the budget that out of 57 leading Australian economists, most have given it top marks. What planet we may ask do they – and the Labour Government – live on? Not one critically endangered by climate change and a catastrophic decline in biodiversity which collectively pose an unprecedented threat to our (not to mention the world’s) wellbeing and prosperity.
Source: The federal budget: what planet does Labour live on? – Pearls and Irritations
Billions for AUKUS submarines are not a good look in light of Welfare Report showing rising poverty. Ben Phillips reports on Treasurer Jim Chalmers’ Budget conundrum.
Source: Poverty conundrum for Jim Chalmers as welfare report lands, Budget looms – Michael West
The last time a new government brought down its first budget, in 2014, it was a disaster for all concerned.
Spending was cut by $14.2 billion over four years and receipts were increased by $3.2 billion – an extraction of $17.4 billion out of the economy – and the Prime Minister Tony Abbott and Treasurer Joe Hockey were extracted within 18 months.
Source: Alan Kohler: A responsible budget, with no repair and no relief
So to some extent they are playing with fire to preserve the budget. There is only one solution to the problem – means testing. Everything must be means tested, tightly, perhaps using disposable income rather than gross income. Many, possibly most, Australians have come out of the pandemic with plenty of cash and plenty of work – they should get nothing more from the government. It’s essential that government spending is laser-focused on those who need it.
Source: Inequality has worsened, the budget is shot, so means test everything
My thought for the day At the time of the election, the Coalition will have been in power for nine exhausting years and want you to give them another three. What, as a legacy, do they have to show for it? Has this Government raised your standard of living? ( John Lord )
My thought for the day At the time of the election, the coalition will have been in power for nine exhausting years and want another three. What as a legacy do they have to show for it? Has this Government raised your standard of living? ( John Lord )
Source: The budget: A layperson’s dilemma – » The Australian Independent Media Network
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