ONE SMALL SURPLUS DOES NOT A LARGE DEBT SOLVE
Four-time Walkley Award winning political commentator and Churchill Fellow, has returned to the fray over concern that the integrity of news dissemination is continually being threatened by a partisan media.
A five maybe six billion dollar budget surplus makes a very small hole in a five or six hundred billion dollar debt. And who’s to say any government will use such a small projected surplus to pay down the deficit? Certainly not Labor.
That’s if Labor stays true to its principal of outrageous spending and leaving the shit for the next government to clean up.
Remember Treasure Swan? His daily promises of a return to surplus were never met. Those promises were a feeble attempt to falsely project Labor as economically responsible when an election was due.
So if the media believe Labor in government will continue the responsible, yet tortuous, journey to debt reduction, then they will also believe that Donald Trump is a closet pillow biter…along with Special Counsel Mueller... if he decides on yet another avenue of investigation to nail him on.
With a jump in resource prices and increasing tax receipts from bracket creep, Shorten is teetering on the edge of ejaculation at the prospect of another Rudd/Gillard/Rudd-style spendathon.
His excitement is elevated with what he had learnt from Gillard when she ignored the four-year forward estimates and set the highly-unionised Health and Education commitments into 10 and 12 years ahead for an inevitable incoming government to worry about.
A Shorten government is not inevitable, but a couple of things must happen to prevent it:
1. Dump the Paris Accord in unison with Trump… it is a giant global warming, income-redistributing, socialist, hoax.
2. Prepare to supply the world with our coal to fire up the power stations that are coming on line in India and China at the rate of one a week. It’s a market we cannot afford to leave to the dirty coal supplies from South America, especially if some fools still believe the globe is warming.
3. Start building new, and renewing old, coal power stations here and can the damaging renewable subsidies.
4. Begin on the construction of nuclear power stations.
5. Halt migration and allow our infrastructure to catch up with demand.
6. Shit, that’s more than a couple of things already… but it’s a good start!
Make what you will of tonight’s budget, but words alone will not mend a broken economy. And everything must be done to dodge further damage from Shorten and his unions.
I think I’ll read the bullet points tomorrow. There will be an extra pile of bullshit in Canberra tonight, because an election is close, closer than they think, and I’ve heard and watched it all before, for each of 60 odd years.
So I’ll let you know how The Deadliest Catch goes.