In The Australian today:
"Have all savings options been explored?"
10 Jun2013
03 Jun2013
Grow the pie rather than eat it
In The Australian today:
"There is one crucial result in the Parliamentary Budget Office's report on Australia's fiscal position: from 2001-02 on, the Howard government ran structural budget surpluses every year averaging 1.4 per cent of GDP; while every year it has been in office, Labor has run structural deficits averaging 2.8 per cent of GDP. And even accepting the fog of unreality that is Labor's latest budget, those structural deficits will persist through to at least 2016-17."
"There is one crucial result in the Parliamentary Budget Office's report on Australia's fiscal position: from 2001-02 on, the Howard government ran structural budget surpluses every year averaging 1.4 per cent of GDP; while every year it has been in office, Labor has run structural deficits averaging 2.8 per cent of GDP. And even accepting the fog of unreality that is Labor's latest budget, those structural deficits will persist through to at least 2016-17."
27 May2013
Taxes put bite on middle-class families
In The Australian today:
"Middle-class welfare" is not a descriptor; it is a rhetorical device. After all, who but the profligate could defend providing welfare to those who should be able to look after themselves?"
"Middle-class welfare" is not a descriptor; it is a rhetorical device. After all, who but the profligate could defend providing welfare to those who should be able to look after themselves?"
25 May2013
Auto industry in its death throes
In The Australian today:
"Ford's workers are angry. And rightly so. Only weeks ago, both the Prime Minister and the Leader of the Opposition reaffirmed their passionate commitment to Australia's car industry. Now, with Ford announcing it will shut down carmaking in Australia in October 2016, their jobs will disappear."
"Ford's workers are angry. And rightly so. Only weeks ago, both the Prime Minister and the Leader of the Opposition reaffirmed their passionate commitment to Australia's car industry. Now, with Ford announcing it will shut down carmaking in Australia in October 2016, their jobs will disappear."
20 May2013
It takes brains to be a swindler
Today in The Australian
"Last week's budget seems the farewell card Labor had to have. It constrains spending, while funding DisabilityCare and the Gonski reforms; it projects sustained revenue increases, with receipts rising twice as rapidly as payments to 2014-15; it heralds a surplus in 2015-16; and it paints a strong picture of the outlook to 2023-24, at which time net debt will be negative and the government will be accumulating assets on behalf of taxpayers."
"Last week's budget seems the farewell card Labor had to have. It constrains spending, while funding DisabilityCare and the Gonski reforms; it projects sustained revenue increases, with receipts rising twice as rapidly as payments to 2014-15; it heralds a surplus in 2015-16; and it paints a strong picture of the outlook to 2023-24, at which time net debt will be negative and the government will be accumulating assets on behalf of taxpayers."
13 May2013
Fiscal fudge worthy of Dr Seuss
In The Australian today:
"Imagine a wage earner, John." But not Julia Gillard's avatar. Rather, the John who was elected prime minister on March 11, 1996. Inheriting a budget deficit of 2.1 per cent of GDP, he promises a surplus: a year later, he delivers it.
"Imagine a wage earner, John." But not Julia Gillard's avatar. Rather, the John who was elected prime minister on March 11, 1996. Inheriting a budget deficit of 2.1 per cent of GDP, he promises a surplus: a year later, he delivers it.