A Hole Comments
Should the Budget be Abolished?
Budgets used to be a good idea when they produced surpluses. Everyone experienced a warm fuzzy feeling when Costello announced another surplus because they took pride in the personal contribution they had made to making it happen and looked forward to their shareholder dividends.
However since they have become the bearer of bad economic news many now feel that a deficit of budgets would be a huge improvement over budget deficits.
Wayne Swan made a huge contribution to the current deficit in public support for budgets. No football coach could have survived like him for six years consistently forecasting wins but delivering losses.
Then Joe forecast a surplus by 2018 but at each succeeding budget announced further delays in delivering one for at least two years and was sent to Washington to before he reached 2050 and beyond.
Now we have the mind-numbing prospect next May of the government promising a budget surplus by around 2025, Labor who haven’t produced one since 1989 promising it a year or two earlier and the Greens confirming that they’ll never deliver one.
It’s obvious that one of the main causes of budget deficits is all the waste of time and money, frustration and general farting around that the development of budgets is causing.
Other leading commentators besides myself are coming to the conclusion that Australia would be a better place if the government switched to weekly hand-to-mouth budgets like the rest of us.
We face another budget brouhaha in May when Malcolm will claim credit for finally cobbling together an economic policy, Bill will claim it’s unfair to Labor to spring a surprise like that and the Greens will complain that the deficit should be twice as big.
It’s bleedin’ obvious that no government can possibly produce a budget surplus before 2030 at the absolute earliest. Surely we could be spared the proliferation of false hope, prevarication and political posturing by suspending budgets till at least 2029.