Some of the commentators have noted that the budget has become a trap for Abbott who will be wedged into supporting wasteful schemes like the cash for schoolkids clunker. Others marvel at the amount of political credibility that hangs on a wafer thin “surplus” confected with smoke (but no mirrors as Henry observed).
The administration has taken the road of buying votes with handouts to low and middle income folk at the expense of the productive base that generates the jobs that could put low and middle income people on the road to self-sufficiency.
Add on the other poison pills of Fair Work, the CO2 tax and several hundreds or maybe thousands of pieces of red and green tape, and the next Government inherits a poisoned chalice.
The Government has some of the mentality of the suicide bomber. They must realise that they are going to go down the tube regardless of bribes and spin. They appear to hate the current Opposition, capitalism and the well-off so much that they seem to be prepared to blow up the economy out of sheer spite. Is there some other explanation?
