Budget

When did the federal  budget become a spectator sport? Why the interest?

I am a student of economics and I am genuinely interested. But I wait until the next day to read the details. There’s no point watching the thing unfold.

The interest in Australia is pretty much based on ‘what’s in it for me?’ How much do I get taxed? What handouts do I get? Do I keep my pointless government funded job?

And also the fact that many mug punters are totally compelled by the tabloid media, right down to their interests and daily activities.

One thing I can assure you is that this government will cut the budget hard so they can ‘save’ some money for the next election. Basically they will splash cash to the fools in 3 years; the same cash they just took off them.

The debt will be cut because it has to be otherwise too much of our tax income goes to interest payments and then they don’t have any cash to bribe voters.

What we really need is investment in infrastructure and education, the selective removal of impediments to new business, serious anti-trust, devaluation of the currency via the printing presses, and more more local borrowings (by government from super).

And an Asian style five year plan to build a new industry would be great.

Fat chance.