About The May ‘Surplus’ Budget – “It Won’t Actually Be Achieved, Of Course”

4 Apr

Alan Kohler points to the Emperor’s Clothes:

If Treasurer Wayne Swan and Treasury Secretary Martin Parkinson really do pull off a surplus in the 2012-13 budget it will be an incredible achievement.

It won’t actually be achieved, of course, when we come to look back on 2012-13 in hindsight, because it is bound to contain over-optimistic projections…


Just like last year’s ridiculous budget.

But just watch, dear reader.

Watch Wayne and friends – that is, the mainstream media – crow and pontificate and hail the magnificent “return to surplus”, “as promised”, under “extremely difficult” economic circumstances, come May the 8th, 2012.

An “on paper” forecast surplus, that has not a snowflake’s chance in hell of actually being delivered, come June 30 2013.

4 Responses to “About The May ‘Surplus’ Budget – “It Won’t Actually Be Achieved, Of Course””

  1. Frances April 4, 2012 at 8:49 am #

    It sounds as though Wayne Swan is going to have a battle today from the Liberals and one Labor State Premier about Swannie trying to steal from the States their GST to make up Swan’s short fall for his so called Surplus.

    • Twodogs April 4, 2012 at 10:10 pm #

      You just knew they’d be looking elsewhere to artificially create a surplus. If that fails, then there is always our super!

  2. kelly liddle April 4, 2012 at 10:46 am #

    Oh you have dissapointed me I thought Swan had it all sorted when he handed down the MYEFO as he did state something along the lines of we have accounted for the possible downturn of Europe. So sad maybe this might not be true. Maybe he can blame China or the US this time.

  3. Tasiturn April 4, 2012 at 11:42 am #

    Labor’s big “LIE” of the 2013 election year – its contrived & minimalist budget surplus.

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