January 27th, 2015 | Uncategorized | 0 Comments
Will Bill Shorten be able to get as far as an election without being forced to address the structural fiscal crisis?
So far, as I write in The Australian today, Labor under Shorten appears to suggest that the government is just making the debt problem up as an excuse to be mean to poor people.
It is hard to believe that he’ll be able to get away with this for long. But then again, journalists seldom challenge the Leader of the Opposition. The words “debt” and “deficit” have not appeared in Bill Shorten’s official interview transcripts for almost eight weeks. Not, in fact, since Leigh Sales gave him a touch-up on ABC’s 7.30 on December 3.
“We’ve got to go for growth, and the way you go for growth is you spend money … if you’ve got growth you’re creating national wealth then a lot of pressure comes off the budget so what you’ve got to do is you’ve got to built the infrastructure of the future … you’ve got to have the skills and training of the future … it’s about the future… if you don’t know where you’re going any road will get you there.”
Also in The Australian today, the Opposition’s Andrew Leigh suggests Labor tax its way back to surplus:
Since coming to office, the Abbott Government has thrown out significant sources of revenue like the carbon price and the mining tax… If Mr Abbott and Mr Hockey had made more sensible decisions on all these fronts, today’s budget outlook would likely be much less bleak…
The bottom line is this: if the Abbott Government hadn’t scrapped the carbon price and the mining tax while splashing out on an unfair parental leave scheme and an ineffective carbon plan, the budget would be comfortably back in surplus in 2017-18.