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Rubbery figures and the Ghosts of Budgets Past

22 Dec 05:45am

Filed under: Budgets, Christmas, Economy, Finance, Julia Gillard, Wayne Swan

Amidst all the presents, food and rowdy family gatherings, Christmas has also traditionally been a time for pause and reflection.

And, Scrooge, this chain represents… Pic: Supplied

The many modern variations of Charles Dickens’ classic cautionary tale A Christmas Carol, where a miserly old man is visited by the specter of a deceased friend who shows him the error of his ways by traveling through time to reveal the impact of his miserable actions, reveals how this story of reflection and redemption at Christmas time still rings true.

With Labor’s crisis mini-Budget (sneaked in after the Parliament rose for the year and while Australians started focusing on Christmas) revealing yet another deficit blow-out, I can’t help wondering if Julia and Wayne could do with a visit from the Ghost of Budgets Past.

Continue reading "Rubbery figures and the Ghosts of Budgets Past" »

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Handy Andie says:

08:13am | 27/12/11

A reading lesson for “RyaN” on Moody’s “The AAA rating of Australia is are based on the country’s very high economic resiliency, very high government financial strength and very low susceptibility to event risk. Economic resiliency is demonstrated by the country’s very high per capita income, large size, and economic… Read more »
RyaN says:

09:12pm | 26/12/11

Don’t worry, Wayne Swann is DETERMINED to bring the budget back into surplus, um, sometime, we just never know when. In the mean time here are some traditional Labor budget black holes and massive debt. Read more »

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