Tag Archives: Deficit

Wayne Swan And Labor’s Position On The Budget

FOR BALANCE…I have been made aware that by posting an audio track of Shadow Treasurer Joe Hockey’s interview with Alan Jones on 2GB this afternoon, I may have exhibited political bias; to remedy this, I am posting to ensure Wayne … Continue reading

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Credibility-Free Budget: Swansong Signals Joke Nearing Its Punchline

JUST HOURS from now, Wayne Swan will deliver his sixth and last budget: a document innocent of credibility, it will consolidate callous spending cuts, dishonest rhetoric, unaffordable promises, and blatant adversarial politics. The budget — and its author — should … Continue reading

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SwanWatch: “Revenue Hit” On Budget Now Running At $26 Billion

I SUPPOSE it is ironic that the same day Wayne Swan is practically making fresh promises of budget surpluses, the “revenue hit” ALP types have been hurriedly talking about has now “grown” to $26 billion. It stinks of panicked politics … Continue reading

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“John” Should Bugger Off, And Take Julia Gillard With Him

THIS COLUMN has thus far avoided talking about the foibles of “John,” the imaginary friend invented by Julia Gillard to justify the utter failure of her government to effectively manage money; in the name of public sanity, however, it’s time … Continue reading

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Latest Stunt: Medicare Slug Misses The Point, Cheapens NDIS

TODAY’S ANNOUNCEMENT of a hike in the Medicare levy might tweak a few heart strings in the name of the disabled; stripped bare, it adds to the huge budget deficit Labor has incompetently accrued, fails to deliver the NDIS it … Continue reading

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The Silence Of Self-Important Wayne Swan: $27bn Deficit In 7 Months

THE SILENCE is deafening: self-important bubble and pious, hypocritical Treasurer Wayne Swan is conspicuous in his invisibility; a vocal peddler of the myth of a 2012-13 surplus until time literally ran out, Swan is nowhere to be seen as Treasury … Continue reading

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$22bn Deficit For 6 Months To December: Surplus? What Surplus?

GOVERNMENT FIGURES released today — at 5pm on a Friday — confirmed what everyone except the Gillard government already knew: far from narrowly missing a surplus this financial year, the federal budget is already in deficit to the tune of … Continue reading

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The Puddle Of Urine Around Wayne Swan’s Shoes

The breaking news this afternoon that the Gillard government is abandoning its surplus commitment comes as no surprise whatsoever; I have been watching the live coverage of Wayne Swan on Sky News, and the self-important bubble looks so frightened I … Continue reading

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Budget, Schmudget: Sleight-Of-Hand Swan Delivers Duplicitous Gillard Deception

”The deficit years of the global recession are over,” Treasurer Wayne Swan declared, in tonight delivering the federal budget for 2012-13. ”The surplus years are here.” And if you believe that, then at about 6am tomorrow you’ll be looking for … Continue reading

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