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.