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Henry's upside-down economics
The Treasury chief simply doesn't understand how the economy works, writes Alan Moran. Treasury secretary Ken Henry says very large fiscal packages...
Up, up and away goes deficit
When Wayne Swan says it will be seven years before the budget is back into balance you know he means he can never achieve this. Still less can he...
Irresponsible spending taken to a new level
Kevin Rudd has delivered a Nike "swoosh" Budget. The charts in the Budget papers illustrate the reality of the present economic downturn together...
Kept on a short leash
If Prime Minister Kevin Rudd genuinely believes Treasury is conservative when it forecasts economic growth of 4 per cent within two years, then it...
Debt spiral
When Wayne Swan says it will be seven years before the budget is back into balance you know he means he can never achieve this. Still less can he...
Never mind the deficit, look at the spending
It must take a lot of confidence to blame the size of our new deficit on revenue loss due to the financial crisis just seconds after you have...
The road to hell is not paved with poker machines
Is there any form of entertainment more reviled than the pokies? Perhaps cockfighting, or rabbit hunting. Or Russian roulette. But then again,...
Borrowing big to fund promises
This week the Brumby Government handed down its second budget, and the Labor Government its 10th. Arguably the biggest talking point is the State...
Turnbull's neo-liberal cross
Malcolm Turnbull has a big problem. No, it's not Peter Costello. Turnbull's problem is much larger than that. The problem for Turnbull is that in...