Why the budget will fail
Joe Hockey is sitting on a knife edge, just like our economy. His 2015-16 fiscal statement (the budget) is predicated on the expectation that the Australian business community will awaken from their slumber. He thinks they will kick-start our economy back to a growth rate that will absorb a sizeable chunk of the unemployed. The Age’s Michael Pascoe explains here why this won’t happen.
Hockey’s flawed plan for revenue exposes his naïveté. One can only conclude that he is listening to the wrong people, i.e. those who have a vested interest in leaving things as they are, or his advisors, who appear as much in the dark as he is.
Read more at: The Australian Independent Media Network