In light of the 2015 Budget, Richard Denniss dissects the Coalition's economic management.
"A year ago, the Coalition government said we were “living beyond our means” and faced a “budget emergency” that, if not addressed, would lead us “into the eye of an economic storm”. Sound scary?
Relax. Joe Hockey did. This year there is no budget emergency. Indeed, during the May budget speech Treasurer Hockey was decidedly chipper. In 12 months he shifted from doom and gloom to urging everyone to look on the bright side of life. He used his budget speech to tell Australians to “have a go” and after the recent interest rate cut he urged us to borrow up big."