Category Archives: Budget

Nationalise Super?

Alan Kohler has cashed in the franchise with a piece in the Australian today advocating that Super be nationalised. Superannuation is the only product where choice and competition are not only completely pointless, they are counter-productive. That’s because choice and … Continue reading

Posted in Budget, Economics on the left, Superannuation | 80 Comments

Cross Post: Terry Barnes Dear Malcolm: better to die on your feet than live on your knees

Mexican revolutionary Emiliano Zapata once said, “It’s better to die on your feet than live on your knees”. Contrast Malcolm Turnbull. Our Prime Minister is like Napoleon in Russia in 1812. He’s retreating from his electoral Moscow, harassed and attacked … Continue reading

Posted in Budget, Cross Post, Federal Politics | 55 Comments

Coming to grips with the cost of free public health

Dan Mitchell describes the extent of the problem in the US. Don’t forget to subscribe to his column. The United States is going to become another Greece, and it’s largely because of poorly designed entitlement programs. As the old saying … Continue reading

Posted in Budget, Rafe | 42 Comments

“The new mediocre …”

I have an op-ed in the AFR this morning that talks about Australia’s fiscal strategy over the past ten years and the need for a return to “the old-time fiscal religion”. Right now politicians tax as much as they think … Continue reading

Posted in Budget, Economics and economy, Taxation | 19 Comments

David Leyonhjelm on good debt and bad debt

In delivering more debt and deficits, Treasurer Scott Morrison recently made a point of explaining that there is good debt and bad debt. Bad debt is when the Government borrows to fund things that are lapped up straight away and … Continue reading

Posted in Budget, Guest Post | 21 Comments

Debt in the MYEFO

I captured data for Net debt and the Face value of outstanding Commonwealth securities (Gross debt) i.e. the amount of money that actually has to be paid back. Looks ugly – especially how the gap between net debt and gross … Continue reading

Posted in Budget, Economics and economy | 29 Comments

How are those submarines going to work out?

We should understand that national security expenditure has a large element of industry and welfare policy in it. Now while I agree that keeping Labor out of office is in the national interest, I also think that national security is … Continue reading

Posted in Budget, Economics and economy, National Security | 119 Comments

How much sick leave do politicians get?

Greens senator Scott Ludlam will take a leave of absence from Parliament to treat depression and anxiety. In a statement, the West Australian senator said he had been dealing with his mental health for some time. I don’t recall Ludlum … Continue reading

Posted in Budget, Hypocrisy of progressives | 52 Comments

ABC “Independence”

A point I keep repeating is that the ABC is not out of control, there is no control. As the latest incident demonstrates: In a letter today to Australian Public Service Commissioner John Lloyd, ABC chairman James Spigelman denied Mr … Continue reading

Posted in Budget, Cultural Issues, Media, Politics | 37 Comments

Pots, kettles and plain packaging surveys

The Labor party were having a bit of fun in estimates this week: Taxpayers contributed $640,000 to a book edited, written and published by Bjorn Lomborg and his Copenhagen Consensus Centre which was ridiculed in Senate Estimates on Thursday as … Continue reading

Posted in Budget, Hypocrisy of progressives, Plain Packaging, Wakefield data, Wakefield Study, Wasteful Spending | 6 Comments