Personally I have just wanted to place the experience of the six years Labor were in power behind me, thinking about that period can cause me sleepless nights. How many times did we hear Swan use the word surplus? In the end it was just comedy except the consequences were catastrophic for Australia. When Labor’s last budget was handed down in May last year, then treasurer Wayne Swan projected a deficit of $18 billion, citing a “savage hit to tax receipts” and a “deep commitment” to support employment and economic growth. The 2011-12 budget projected a $5.4bn surplus. Read latest update. How many times did we hear Swan come on TV and tell us the figures had changed, he simply had no clue, don’t worry they are going to consult Chris Bowen. Labor and managing money is a no go zone. theaustralian.au/national-affairs/budget-deficit-soars-to-485bn/story-fn59niix-1227070190882?utm_source=The+Australian&utm_medium=email&utm_campaign=editorial&net_sub_uid=16672631
Posted on: Thu, 25 Sep 2014 04:28:59 +0000
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