Australia's Budget - lies,smoke and mirrors

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Labor’s promise of a budget surplus is as honest as Treasurer Wayne Swan’s hand on heart election promise not to bring in a carbon dioxide tax.
And they are hiding expenditure they'd have to reveal if they were company directors. That socialist dream, the National Broadband Network, is a 40 billion dollar hole in the budget.
As to Australia being the envy of the world, the deterioration in our budgetary position under Wayne Swan is even worse than that under the Whitlam years.
The International Monetary Fund has just found the deterioration in our budget balance from 2006-07 was the fifth largest for the advanced economies - up with Greece, Iceland and Spain.
almost 2 years ago