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 )
Source: A gift or two from the government now, but you will pay later – » The Australian Independent Media Network
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