The Budget 2011 ???
May 17th 2011 05:07
I have been trying to analyse the latest budget to see who gets what and who pays for it all. After much deliberation and listening to the radio etc etc, the sort of things everyone can do quite easily, I have come to the conclusion that this much vaunted budget is nothing out of the ordinary. In fact, I would say that had a Coalition Govt been in power, we would have gotten a very similar budget.
Despite being warned of a ‘get tough’ line being used to develop this budget, it is little different from many others. The old carrot and stick method, you do this and you get this, you don’t and you get cut off at the pass. Rubbish. What will actually change is – nothing.
Government borrowing is a normal activity. Our federal Government, over a period of years has sold off nearly everything that could make a profit for Australia, and at a much understated value, than it’s real one. It stands to reason that they must borrow to pay for the cost of governing our country. For instance, consider the stated profits of Telstra and the Commonwealth Bank. Those profits would give a massive boost to our Governments bottom line. Oh well, I guess the ‘shareholders in these two companies are laughing all the way to their yearly holiday destination somewhere overseas.
I doubt that I shall ever get my head around the workings of Government, but I would like to retire on one of their pensions, it would beat the pants of the ‘Mature Age Pension’ I currently live on.
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