Can you see the blue line?

So the first Hockey MYEFO came out today. For all the talk about cutting spending etc. again the evidence is simply not there. After the May budget I superimposed the spending from the last Swan MYEFO on the spending from the budget and found a very small difference (I’m being polite here).

Budget payments 2014

So I thought I’d do the same thing again – superimpose the spending from Swan’s last MYEFO on Hockey’s first budget and the MYEFO data from today.

Can you see the blue line 1

Can you see the blue line that represents the spending that Swan had planned? No. Me neither – it is entirely covered by the spending that Hockey has planned. In other words, there has been no cut to spending, simply spending rearranged. In the next picture I’ve placed markers on the blue to illustrate the point.

Can you see the blue line 2

So the next time you hear a politician talking about cuts to spending be sure to ask them, “What cuts are those?”

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26 Responses to Can you see the blue line?

  1. Tom

    Thank you, Sinclair.

    So sometime in the next 12-18 months, the out-of-control spending of the Abbott-Hockey regime will be DOUBLE that of the Howard-Costello government’s last non-pork-barrelling budget of 2006-07.

    Don’t talk to me about cutting government outlays when you’ve done the exact opposite, you statist arseholes.

  2. Gab

    Listening to the wireless, I heard a quick grab from Abbott regarding the MYEFo announcement.

    “We’re not going to drastically cut anything”.

    Idiot.

  3. Gab

    I’m half expecting Abbott/Hockey to announce a stimulus package in the new year.

  4. Tom

    ShakeMyHamas.com’s Economics Fucktard in Chief Peter Martin reports on MYEFO:

    Someone has to pay, and the Treasurer has determined that it won’t be us.

    Fuck. Me. Dead.

    You buffoon.

  5. wreckage

    The LNP are bloody hopeless.

    How did they plan to do in the deficit if they didn’t plan to reduce spending?

  6. Roger

    I’m half expecting Abbott/Hockey to announce a stimulus package in the new year.

    That would be the beginning of the end.

  7. Gab

    Heard just now Hockey saying he has to cut to find savings – this after the Libs gifted the UN Climate scammers a lazy $200 mil last week.

    These guys are just not serious.

  8. H B Bear

    Cuts doesn’t even mean a reduction in the rate of growth of spending any more.

  9. stackja

    Again ALP created the mess. But few voters wants any cuts.

    Australia wins my Darwin Award for dumbest nation on Earth Rowan Dean

    Anybody who thinks Shorten, Plibersek and Bowen would do a better job than Abbott, Morrison, Hockey and Bishop has rocks in their head.
    Still, the good thing about Darwin Awards is at least when you go down the gurgler, you know your sheer stupidity has given somebody else a really good laugh. The Chinese, in our case.
    Rowan Dean is editor of The Spectator Australia

  10. Fred Lenin.

    I was always under the impression that a cut in spending meant you spent less money.seems I am not up with modern economics,it’s amazing how things change lies become truth,fascist Behavior becomes liberty.where will it end?

  11. Andrew

    Thank you, Sinclair.

    So sometime in the next 12-18 months, the out-of-control spending of the Abbott-Hockey regime will be DOUBLE that of the Howard-Costello government’s last non-pork-barrelling budget of 2006-07.

    Don’t talk to me about cutting government outlays when you’ve done the exact opposite, you statist arseholes.

    I agree with Sinclair’s broader point that the spending cuts are non existent but you can compare nominal expenditure between now and 1975 and say ‘the government is spending more’ but that doesn’t mean it is an accurate representation. The ’06-07 budget was spending almost 8% less in real terms than Hockey’s budget at the moment and even back then we were spending far too much.

  12. Token

    Listening to the wireless, I heard a quick grab from Abbott regarding the MYEFo announcement.

    “We’re not going to drastically cut anything”.

    Idiot.

    Prime Minister One Term Laughing Stock is sticking to Red Ted’s failure plan.

  13. Lem

    Can we hijack this as the ongoing siege thread, seeing as how the other one seems broken?

    Is it right to ask nicely like this if I am hijacking the thread? Or am I being too post post modern grovelling westernish?

    Okay night vision goggles have gone on. So say Sky.

  14. Kaboom

    OK, I now raise my hand (or should it be two hands, as in “Hands Up, Don’t Shoot!”) to make a confession.

    I voted, on 7 September 2013, for “Cuts, cuts, cuts!”

    Today: Nup. I will not surrender, or acknowledge surrender.

    All I have received, in return for my vote, is tax increases upon tax increases, and no fucking “cuts” whatsoever.

    Joe Hockey in the MYFEO announces further deficits, and we really all need to consider this. Even the Keysians realise that eventually we will run out of other people’s money (H/T Margaret Thatcher, RIP).

    As IT used to say, this country is a fucking toilet.

  15. Anto

    It’s a disgrace. I haven’t voted Labor since the early 90’s, and I’m not about to start now. However, I won’t be voting Lib-Nat next time around, unless there is no reasonable conservative/libertarian alternative.

    Abbott and Hockey are socialists, masquerading as conservatives.

  16. Yohan

    There is no difference between Swan and Hockey because both are economic illiterates, and thus both must take the advice of treasury on what to do. And treasury are wedded to Keynesian demand models of economic growth.

    So there is no chance of cutting the budget and size of government in a meaningful way, because they are too scared of the political fallout from the short recession that would follow from doing so (no matter what the long term benefit).

  17. .

    This country is a shit splattered toilet.

  18. I voted, on 7 September 2013, for “Cuts, cuts, cuts!”

    Today: Nup. I will not surrender, or acknowledge surrender.

    All I have received, in return for my vote, is tax increases upon tax increases, and no fucking “cuts” whatsoever.

    Yeah but “Labor are worse,” remember?
    Even though they both are spending the exact same fucking amount of money as each other.

  19. Perpetual Motion

    I’ve had some run-ins with you Dot, but you were quite right when you called Abbott as “a big-spending statist” early on.

  20. Motelier

    I wonder if JH and MC have a small business group as part of their advisors.

    OH silly me. Why did I ask that stupid question?

  21. Perpetual Motion

    Apart from all the shots to the feet by Abbott, the one thing that most clearly shows that he’s unfit for office, is the fact that he’s been wearing the same blue tie, every single day, for over 15 months now.

    He’s still making Gillard the story, instead of stamping his own brand on the country.

    That tells me that he’s infantile, and not worthy of the office of PM.

  22. Mark

    There is cuts to welfare planned , just need to re assess the people concerned. There is cuts to the international aid programmes. Something that will save us billions. There is cuts to the public service and the red tape makers. There is cuts to the ABC ( surely you have seen that reported)
    Don’t be frightened to open your eyes and look for these things. Just because they haven’t happened yet doesn’t mean they are not coming. A bit like the measures in the budget. There has been 75% of the measures passed yet we only hear of the ones that have been blocked by the opposition.

  23. .

    Perpetual Motion
    #1540619, posted on December 15, 2014 at 11:12 pm
    I’ve had some run-ins with you Dot, but you were quite right when you called Abbott as “a big-spending statist” early on.

    He is. Become a libertarian or set up an alternative conservative party. The Liberals are not listening.

  24. steve shailer park

    I hear a lot negative crap from you guys but no answers except vote in another Labor government by not supporting the centre of politics . This is what happened in Victoria God help them but they can always shift to Qld. If you need to make the move you should think about it now as last time a Labor Government was elected in Vic we were flooded with people and there was calls to restrict the flow of economic refugees.

  25. Paul

    Stephen Long on the ABC yesterday claims that Lindsay Tanner 10 years ago showed him that the budget was not sustainable. http://www.abc.net.au/news/2014-12-15/myefo-deficit-blowout-foreseeable-a-decade-ago/5968788

    However, ten yeas ago, Stephen was arguing that budget surpluses were not good and that the Federal Government should spend more for the sake of the economy. If he believed the budget 10 years ago was not sustainable, he made no mention of it and in fact argued the opposite. http://www.abc.net.au/am/content/2004/s1206218.htm

  26. .

    steve shailer park
    #1542037, posted on December 16, 2014 at 7:02 pm
    I hear a lot negative crap from you guys but no answers except vote in another Labor government by not supporting the centre of politics . This is what happened in Victoria God help them but they can always shift to Qld. If you need to make the move you should think about it now as last time a Labor Government was elected in Vic we were flooded with people and there was calls to restrict the flow of economic refugees.

    No, vote for the LDP or set up your own rival conservative party. Or vote for Family First.

    Just preference the ALP and Greens last.

    There is no need to defend Robert Doyle or Dennis Napthine.

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