To get you in the mood for the budget the government has kindly offered us a sickening “behind the scenes” look at Wayne Swan’s preparations, complete with mothers day flowers and a heart-warming pink-bats story. Enjoy:
Detailed comments can wait until after the budget has been released, though I want to pre-emptively make an important distinction. Tax increases are NOT the same as spending cuts. And tax cuts are NOT a type of government spending. Many commentators fail to make this distinction.
As a so-called “neo-liberal”, I want them to keep the promised income tax cuts and also introduce some spending cuts, with one obvious option to reduce middle-class welfare.