i guess it just begs the question what services should have been cut to balance the books over the economic cycle??
I dont know much about economics so i wont proffer alternate solutions but i guess there are things that would have to be foregone in order to reduce the size of the deficit.
I havent heard anyone in the opposition making a suggestion as to what can be cut out. In fact when pressed on the tax cuts the opposition leader said that were essential to help stimulate the economy.
Given that the Opposition also supported the pension increases, and only suggest one change Ie the midical benefits rebate being substituted and a tax on tobacco i dont see any alternative being offered
As a percentage of GDP our defecit will be about the lowest in the OECD from all accounts so others will be far worse than us.
I have personally seen no sign of recession in this country. Shops full, carparks in Westfields full, petrol stations selling gas and harvey norman selling plasmas
My super has gone up about 7% since march..... all looking good to me