The problem was that while the boom was temporary, the tax cuts were permanent.
His quest, already assured, has been aided by the sudden arrival of the cavalry; resource prices again are booming. For every $10 a tonne lift in the price, about $5.5 billion is added to government coffers. It's a similar story for coal. With an economy showing signs of strain amid an increasingly uncertain global outlook, anything that can deliver a boost to growth would be welcome.
Unlike massive economies that generate their own growth from within, we cannot afford to rack up debt to the same extent as the US or the UK.Australian Government debt
So the windfall should be used for one-off investment which will benefit the nation long-term, like a proper FttP NBN, rail expansion & road upgrades, building out hydrogen & EV charging stations, but instead the LNP are again rorting. AusPol
Where is the comparison of structural spending versus revenue?
Great article. 'Structural budget problem.' Is that like when the Libs give away- $144 BN - to Big Business $90 BN - to Big Mining $56 BN - to Howard/Costello politics
Who is this idiot? 'Capitol Hill'!!! We're not in the good ol' US of A IanVerrender
What say you House Economics Standing Committee? Are taxes not the price we pay for living within a society? TimWilsonMP trevorevansbne could it be true that further tax cuts will increase our likelihood of entering further into an economic doldrum? auspol qldpol evictevans
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sydney hit by flash flooding after heavy rainParts of Sydney are experiencing flash flooding this morning after heavy rains hit the city, with one area receiving almost a month's rain in 24 hours.
Source: 9NewsAUS - 🏆 10. / 72 Read more »
Sorry big guy, 157kg isn’t heavy enoughAussie Philadelphia Eagles prospect Jordan Mailata has been told to get even bigger as he looks to take his NFL journey to the field. NFL Roids NFL Not if he’s a running back
Source: newscomauHQ - 🏆 9. / 77 Read more »
Regional drug report shows 41pc increase in past decadeA new report finds a huge spike in drug-related deaths in regional Australia, which researchers are attributing to the use of opioids. It's no the use of opioids. It's the misuse. I wouldn't be surprised given the pressures out here if it were intentional. Leading cause of death for 15 - 44 year olds is suicide. In Australia. That really is the most astonishing statistic Ive ever heard. Why are people short on hope in a country that's so rich? That's the question.
Source: abcnews - 🏆 5. / 83 Read more »
Labor push for higher minimum wage ignores ‘decades of economic history’: Cormann | Sky News AustraliaMathias Cormann is ramping up his attack on Labor's push to boost the minimum wage, saying ‘decades of economic history’ show that doing so would force 'families into unemployment and poverty’.\n\nIt comes as Labor is set to make a case to the Fair Work Commission to award an above-inflation minimum wage increase to low-paid workers.\n\nThe Finance Minister says if the minimum wage is increased by too much, workers will be receiving the dole rather than wages as Labor's policy will lead to higher unemployment.\n\nMr Cormann points out that Australia already has the third highest minimum wage in the world, behind Luxembourg and France.\n\n\n\n\n\n\n Show us this proof you have then!! Not that I’d vote labour,,, or liberal, you are all parasites and sell the Australian people out= treason with the analysis
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Ex-Hells Angel Ben ‘Notorious’ Geppert reveals reason behind infamous KFC brawlAn Instagram bikie said his heavily tattooed girlfriend sparked an infamous KFC carpark brawl — but it came after weeks of online taunting from his rival. Yeah, we know, the coleslaw is shit. They seem nice
Source: newscomauHQ - 🏆 9. / 77 Read more »
Heartbreaking reason for classy Storm gesture“The incident really touched the boys and they wanted to pay their respects.' 9WWOS
Source: wwos - 🏆 12. / 68 Read more »
The disturbing reason authorities can't detect dangerous right-wing extremists onlineAuthorities struggle with identifying right-wing extremist nobodies before they turn to violence in part because it's difficult to pick up a clear signal in the noise of our toxic national conversation. So my partner reporting Tarrant's rancid thoughts and manifesto a month ago was pointless? Facebook certainly did nothing Donate authorities a TV and a Radio get them to monitor each talk show, then they can write a list of dangerous right-wing extremists, they could even arrest them live on air to prevent another ChristchurchAttack ABC bringing identity politics and division to Australia keep up the good work abc, we will be just like America in no time, put monkey magic and the goodies back on and shove your agenda pushin up your A
Source: abcnews - 🏆 5. / 83 Read more »
The psychological reason why some can't believe the evidence against George Pell and Michael JacksonThe responses we are seeing from people who simply cannot believe the possibility of criminal behaviour from well-known people is actually extremely common. Women know this cognitive dissonance very well. An interesting and brief comment on the psychology of cognitive dissonance which does not in any way excuse any crimes. Just because people still go to church and still listen to Michael Jackson music doesn't mean anything …
Source: abcnews - 🏆 5. / 83 Read more »
Pell spends his first night behind bars | Sky News AustraliaCardinal George Pell has spent his first night behind bars after being sentenced to six years prison for child abuse.\n\nThe Vatican has not yet responded to the verdict, and will wait for the outcome of an appeal before making its own judgement on this matter.\n\nThe 77-year-old has vehemently denied all allegations and has lodged an appeal against his conviction, which will commence in June.\n\n\n\n BlueKnotOrg I agree it’s not enough. But that seems to be the case with all child abuse cases, not just Pell’s.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Why we should start recognising the loss of a pet as 'real grief'There's often the expectation to keep feelings “in perspective” or to move on and get another one as if pets are interchangeable non-entities we can replace. lilyallsep1 I am a cat. I am also seminal to MsHumoresque’s life. She has little else. I hope I last as long as her for this reason.
Source: theage - 🏆 8. / 77 Read more »