It has been revealed, just this morning, that the Labor Government have again badly miscalculated their projections regarding the Australian economy. Revenue is $8 Billion lower than they predicted just over two months ago in the May budget. Their prediction of a surplus in 2016-17 is now looking impossible. Many of the Labor members are saying that either there will have to be savage cuts or once again their surplus predictions will have to be pushed a long way out into the future.
Their, much vaunted Mining Tax, is only bringing in a fraction of the predicted revenue and the changing of the Carbon Tax to an ETS a year earlier has also put a large dent in projected revenue.
So what does this say about the ability of a Labor Government to manage the Australian Economy.
I will leave the answer to that question up to you to decide.
If one just stands back for a moment from political allegiances and looks dispassionately at what Kevin Rudd has done since coming back to power one has to conclude that it has just one aim. His election, at whatever cost, and the shoring up of his position in the future so it would be difficult to challenge him.
This is my opinion....We cannot afford another 3 years of a Labor Government.
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