The Forum > Article Comments > The 2016-17 budget admits defeat > Comments
The 2016-17 budget admits defeat : Comments
By John Stone, published 26/5/2016In 2016-17 the Commonwealth net debt to GDP ratio is forecast to be the highest since 1970-71 (as far back as the budget papers data go).
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My only complaint is that the article spreads the blame for our deficits too thinly.
While the Rudd, Gillard and Turnbull all deserve blame, what about the second Abbott/Hockey budget? The much criticised first Abbott/Hockey budget (much of which was blocked in the Senate) actually made an honest attempt to cut spending. The 2016-17 budget indeed admits defeat but so too did the 2015-16 budget with its $35 billion deficit.
We will know when a government eventually brings down a responsible budget,- it will be chacterised by howling screams from the usual suspects that perpetually have their hand inside the trousers' pockets of the poor old taxpayer!