Tuesday, 30 April 2013

Government addicted to Spending

One of Tony Abbot's rhetoric's is that we have a government addicted to spending. He is always quick to compare spending today to 2007 - the last year of coalition government. In recent days, Labor's budget has blown out to $12B in the red, having the government scratching its head on where the money is to come from.

I think both sides of politics are to blame on this one. There was a perception that we would ride the mining boom for years, as such, revenues were high and we were afforded tax cuts, superannuation incentives, baby bonuses and a raft of other handouts. Now all of a sudden we have woken up with our major assets sold and trying to find ways to rake in extra revenue in an election year.

Politicians are well paid. Why can we never draw in quality. It feels that there is a great degree of self interest and representatives rarely do what is right for the country. When you look to Italy, Monte tried that and took massive swings against him. What is wrong with voters these days/

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