By clinging to its promise to deliver a surplus the government is risking its survival | Peter Lewis

The treasurer’s solemn pledge cuts off one of the few levers at his disposal to stimulate the economy

In a world where slogans carry surplus meaning, the Morrison government’s promised budget surplus is totemic.

If there was a single moment that sparked the dramatic turnaround in Coalition fortunes that culminated in its upset victory it was this confected/projected 2019 federal budget that would get the nation “back in the black”.

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from The Guardian https://ift.tt/2WnwPd4
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