- Joined
- 10 December 2012
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If even the staunch supporters of the Liberal party admit they have lost the plot, then I don't see much hope for them at the next election.
What a shame.
They need to keep just enough support to win the next election. It will be the poisoned challice.
That said, with Hockey mouthing:
“It’s in our DNA to want to deliver further tax cuts and we will in the run-up to the election”…
“The budget deficit is coming down and when I release the final budget numbers for the last 12 months, people will see actually we beat expectations”…
prepare for him to be eating humble pie wrapped in the proverbial sheet sandwich come time for the next budget.
Real per capita NDI has years further to fall in sympathy with the falling ToT (still some 30% above it's historical avg).
It would be easier to manage the coming slow down if they didn't have all the Abbott captain's picks of no changes to NG / CGT / Super taxation. They're in an increasingly tight economic straight jacket and they can't quite work out why it's not as easy as when they were members of the Howard Govt.
Pay for tax cuts with reform on NG, remove CGT concessions, limit the level of super tax concessions and use some of that money to make the pension better for the majority, help the states move towards broadly based land taxes to fund the services they're responsible for, and then you'll find witht he removal of these distortions in the economy that you can reduce income and corporate taxation to make us more competitive.
Seems the Govt has a spine when they're sending others to fight a war, but they're p!$$ weak when they need to show even an ounce of ticker to tackle some true economic reform.