The Forum > Article Comments > Response to the reactions to the Budget reply > Comments
Response to the reactions to the Budget reply : Comments
By Alan Austin, published 20/5/2013Why aren't the mainstream media analysing the errors in Tony Abbott's budget positioning?
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The wildly "optimistic" revenue forecast was only one of the lies in Whine Swan and Juliar's budget. The other clear porkies are the revenue from the carbon tax based on EU carbon credits priced at $15/t when no one else is forecasting a price much higher than $6/t, and a jump in mining tax revenue when all the affecting factors such as ore prices and terms of trade are forecast by treasury to stay the same.
The $21bn cash splash was shown to have almost no effect on jobs, and the school halls debacle was only minimally effective, as most of the expenditure occurred after the worst of the GFC, and risk of recession had passed. The performance of the economy is purely from the fantastic shape the coalition left it in, and in spite of Labor's poor management