If all you did was listen to Treasurer Scott Morrison on budget night and the half-baked media commentary that followed, you could be forgiven for thinking that Australia has practically paid off its debt, the good times are already rolling and that the only ‘losers’ are going to be a few drug dealers and tradies dealing in cash:
Every year, the government seems to make it harder to really see what it’s doing with our money in the budget – whether by renaming things, requiring an extra click or two to access various papers or simply by the tried and true method of burying its sins deep into the treacherous abyss.
TMR refuses to be beaten.
If you want simple, no-nonsense budget analysis that can’t be found anywhere else, read on.
All figures have been sourced from the official 2017-18 budget papers and are presented so that you can form your own opinion.
I wonder what my bank would say if I asked them to have more patience with my ‘good’ debt?
Sinclair Davidson brings our attention to these deeply troubling statements from our supposedly conservative, center-right treasurer:
If you want simple, no-nonsense budget analysis that can’t be found anywhere else, then read on.
All figures have been sourced from the official 2016-17 budget papers and are presented so that you can form your own opinion.
For some fun at home, try to guess which spending item scored the biggest percentage increase. I promise you’ll be unpleasantly surprised.
Now that it’s budget time, it is important to properly understand how our federal finances became so shambolic.
Those who have followed The Marcus Review from its humble beginnings (thank you all) will be familiar with this material – which is well worth re-reading might I add. For those who haven’t yet read it: grab a coffee, sit down and see the scandalous waste for yourself.
If you’re one of the 50% of people in our society who is a net tax payer, then never forget this: it’s your money that they’re spending and they don’t spend it anywhere near well enough that you should be donating extra (may you rest in peace Kerry).