There is a wonderful concession in Gillard’s speech – nice to know we’re getting under her skin.
In five Labor Budgets revenues have fallen by more than one and a half percentage points of GDP.
So what’s our response been? We’ve cut spending.
Down to 23.5 per cent of GDP next financial year and staying below 24 per cent over the forward estimates.
The longest sustained period at these levels since the early 1980s.
We don’t cut spending, or shrink the real size of Government, in a lunchtime libertarian seminar.
We do it in long days of expenditure review.
Libertarians make up such a small proportion of the Australian population yet the government allocates days to discuss and implement libertarian notions of shrinking the size of government. Not that they succeed, mind you.