JOE PLAYS HOCKEY WITH JONES AND WINS
... well, sort of
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.
Standard and Poors, the world’s leading (albeit notoriously inaccurate) ratings agency, says Oz had better get its budget under control or risk losing its AAA credit rating, and that sort of international commentary is music to Joe’s ears. Apparently Clive Palmer, the ABC and the Left of Fairfax are all wrong! We DO have a budget emergency.
Anything less than a AAA rating will devastate Joe’s plans for an eventual surplus because the $1 billion interest we pay on borrowings each month will escalate, dragging a budgetary resolution of Labor’s largesse into the mid 20s.
S&P expressed “some pause for concern” if this week’s budget backlash was a “fundamental shift in the community’s attitude to what they expect from government”.
Joe Hockey tried valiantly last night to explain to a hostile Q&A’s Tony Jones (the audience is always hostile) that an $80 billion cut to health and schools is sheer fantasy. Jones and the audience remained unconvinced.
Let’s cut the bullshit... the $80 billion was never there to be cut! Here’s what happened:
Prior to the last election Julia Gillard promised umpteen billions to the States and the States all fell for it, all except for WA that is. It was awake to the scam.
It was John Howard’s idea back in the 80s to anticipate government funding four years ahead (now termed forward estimates). It made sense to plan a stable economy’s anticipated available expenditure.
But Aunty Julia and Uncle Wayne had a plan to gazump Tony Abbott in his first budget. It was both devious and blatant and designed to discredit Abbott if he won the election, if not, Gillard would have simply continued borrowing to fund her completely inane and undeliverable hoaxes.
Gillard took “forward estimates” to a whole new level with the States. She funded the first four years’ expenditure but extended the vast bulk of her total spend of $80 billion over the following six years, taking her “forward estimates” to a full decade.
An ethereal fairyland assessment of anticipated government revenue!
In an unannounced move just before the election Gillard then took another lump sum of over $1 billion from the four year period and also dumped it in the following six year period. This move was to make her four year funding arrangements appear credible under the audit of budget honesty.
Hope you can see what I’m talking about here.
Anyway, Tony Abbott could see what the little devil was up to and, quite sensibly, only committed to the first four years of Gillard’s back-loaded ten.
Now the States (the starry-eyed ones that fell for her scam) are screaming that Abbott has ripped $80 billion out of their budgets and the ABC and Fairfax are predictably agreeing with them... not because they think it’s right, they know it’s not, but because it hurts Tony Abbott.
And Tony Abbott is not defending himself well.
The Gillard scam is hard to explain to the bogans out west so Abbott isn’t even trying to. He needs to talk in simple terms and Labor will always win a simple terms contest. Thus the polls and Shorten is loving it.
Tony Abbott and Joe Hockey will get together this week and agree not to continue with the “we didn’t lie” line. That one is not a goer and places Abbott in the Gillard category, giving the Left four full quarters of free kicks.
What should have been the Coalition line, even before the budget, was: “We unfortunately had to go back on a couple of election promises because after we took Office we discovered the extent of Gillard’s waste. We apologise for that, but we won’t apologise for trying to keep our AAA rating.”
That simple statement would leave the hysterical Shorten and the nasty Jones without wind in their sails.
But the misinformation the ABC and Fairfax are still peddling out there is staggering!