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Australian fiscal statement – attacks the weakest and will undermine prosperity overall

The Australia government released its annual fiscal statement (aka ‘The Budget’) last night and I admit it is the first time in many years (as long as I can remember) that I haven’t actually listened to the speech. Granted at times when I have lived abroad I missed it. But usually I watch or listen to it if I can. Last night I just could not bring myself to listen to the hubris. The build up has been too much. Australia, despite our pretensions to being the ‘clever’ country, despite our high literacy rates, despite being among the wealthiest nations in the world, is a highly ignorant nation. We allow a fool (the Treasurer) to wheel out a catalogue of lies and half-truths before us every day without stopping for a second to question them. This fiscal statement is harsh, will deliberately undermine the well-being of our weakest citizens, will damage our position in the region (cutting foreign aid) and for no reason other than the government wants to hand over real income to the corporate elites at the expense of almost everyone else. When the spending cuts and tax hikes finally come into play, they will damage the prosperity of our nation. That is much more important than the media flurry about whether the Government has broken its promise not to introduce higher taxes. Of-course they broke their promises. They always do. But we should not accept actions that undermine our welfare. That is more important.

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