Publications
Remarks to the Senate Inquiry into the Nation Building and Jobs Plan
SUBMISSION
The Senate should reject the fiscal stimulus package in its current format. The package contains a lot of spending and little actual stimulus. The proposed spending is poor quality expenditure of Federal funding. Discretionary fiscal policy has a poor track record of success.
While the government needs to respond to the current economic downturn in a timely manner, there is no urgent need to rush the package. Rather, a better quality package should be designed and implemented.