Published: April 24, 2019
Right now the fiscal policy argument being played out is pretending everything is sweet and dandy. It is not
Amid all the argy-bargy of the election campaign the latest inflation growth figures from the bureau of statistics show that the economy is in serious trouble and that both major political parties and the Reserve Bank have got their settings massively wrong.
The government’s major claim of the budget earlier this month was that a surplus would be delivered next financial year. In a indicator of their willingness during the election campaign to play fast with the truth, the Liberal party also decided to treat the future tense as the past and proclaimed that they had delivered a surplus (back in black, don’t ya know!).
Continue reading...from The Guardian http://bit.ly/2UCuZSW
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