Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts

Tuesday, 12 May 2009

The same coin-different sides


The great temptation with a Budget is to politicise it. It is painful to hear the Opposition whine on and on and on about how the deficit that this Budget will inevitably have is caused by bad fiscal management.
The truth is that even the most dyed in the wool liberal isn'tgoing to accept that as fact. It is clear (as always) that we are a tin-pot little country, totally at the whim of the winds of the super-economies. China sneezes and we catch a cold...or something like that.
So it makes Turnbull, Hockey and Bishop just seem pathetic when they whine on in this way. They are continually challenged to say what they would do if they were in power (and they aren't) they never answer the question. They only ever say, our job is to make sure that every dollar (over) spent is spent as well as it can be.
This begs all sorts of questions.
Equally well the government needs to be wary of using the economic crisis to justify its incompetence. I personally don't think we are seeing incompetence, but they do need to recognise that they should not use super rationalisations such as "the global crisis" to begin a pattern of treating the electorate with contempt and assuming they can dish up any old potage and it will do. We have had enough of being so treated by the former regime.
Would that things were different. But they are not.
Would that the present government would not just slip into patting the voters on the head and saying "there there".
On the whole I find the performance of both sides pretty lacklustre to date.
Me old mate Tom Merton warns from the isolation of the cloister
Today, with the enormous amplifications of news and opinion, we are suffering from more than acceptable distortions of perspective.
I think many would agree.

Friday, 8 May 2009

It depends on your point of view

I am interested in the spin that is preparing us for next week's budget. We are being told that the need to increase pensions to aged and other pensioners will be a major driving force in making this a harsh budget. Tax cuts will be lessened or forgone in order to pay for increases to pensions.
Isn't it just as true to say that the commitment to massive increases in military spending are a major contributing factor?
I don't hear our beloved PM or Treasurer saying you will have to forego your tax cut so we can buy more weapons.



(Post 997)

Monday, 12 May 2008

Pain and gain

I don't hold out much hope that the selfish electorate will actually understand that the Budget must address inflation. Or that they will understand that inflation is about people having too much money for their own good, and so the price goes up because the highest bidder will win.
We don't understand that credit is its own worst enemy, and only fuels inflation so that we end up paying a fortune for necessities whilst buying luxuries on credit.
Governments (like the Howard government) which poured useless cash into all too willing pockets only fuelled this process, and so whilst helping people to meet increasing prices actually drove priices up by giving people more money to spend.....
Labor governments have habitually inherited this sort of idiocy.
At some point this has to stop, and a first Budget will be an obvious opportunity.
I don't understand why we don't get that controlling inflation is actually better than pouring extra cash into outr pockets, but we don't.