Trigger warning. This post is NOT about euthanasia.
In Spartacus’ misspent youth, he used to watch a television show called MASH over and over and over. It was a show about a mobile hospital during the Korean war.
Such a show would unlikely be able to be produced nowadays given its politically incorrect content – including suggestions of an imperial United States and the cultural crime of using non-Korean actors to play Korean characters.
The last part of Suicide is Painless goes like this:
A brave man once requested me
To answer questions that are key
Is it to be or not to be
And I replied oh why ask me?
Suicide is painless
It brings on many changes
And I can take or leave it if I please
And you can do the same thing if you please
Spartacus will leave the analysis of the budget bits and bobs to others, but last night’s budget showed the following debt projection:
The above table shows the Commonwealth Government’s debt position. Spartacus will focus on the gross debt line because the contents of the “Investments, loans and placements” line are unclear. If for example that line includes the book value of the NBN, don’t believe it. If that line is meant to reflect the Future Fund, then where is the corresponding contingent liability for public servant unfunded superannuation liabilities.
But looking at the gross debt line, The pain grows stronger, Watch it grin. We are talking about a 7.2% increase in debt from FY18 to FY20. That is more that expected economic growth during the period and it assumes a near best case economic environment.
This charade will end either with an orderly deceleration or a major economic car crash. Unfortunately, Spartacus expects the latter.
Suicide may be painless for the person committing suicide. It’s not that painless for those left behind.
Follow I Am Spartacus on Twitter at @Ey_am_Spartacus