Silver linings …

And while we’re talking about the ABC consider this …

Final figures show last year’s budget deficit $543m lower than expected

I heard the ABC take on this in the car. In their determination to find a silver lining in every Labor cloud they were selling the notion that after years of promising a surplus a budget deficit of $18.8 billion was cool because the forecast of five months ago was half a billion larger. (Another way to think of it is as a train of thirty eight carriages costing half a billion dollars each, isn’t it great that only thirty seven were destroyed in the train wreck.) They thought a net debt of $153 billion was fine too because it was predicted to be 5.6% bigger five months ago.

On the other hand, thunder clouds were in evidence when Mr Hockey declined to say when he would deliver a surplus … after all he’s been in the job for two whole weeks now.

I can think of one place he could save $1.18 billion.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.