Oz Blog News Commentary

Articles from The Australian Independent Media Network

Cutting through the crap

May 14, 2015 - 09:34 -- Admin

The Coalition want to talk about the past or the future but never the present.  Here are a few details from this year’s budget.

Net debt in 2014-15 is estimated to be $250.2 billion and the face value of CGS on issue (gross debt) is expected to reach a within‑year peak of around $370 billion.

When the Abbott Government came to power in September 2013, there was $270 billion in Commonwealth securities on issue and net debt was about $170 billion.

Having a go

May 13, 2015 - 19:50 -- Admin

It made my heart sing last night to hear Emma Alberici tell Mathias Cormann a few home truths in one of the best interviews I have seen in recent times.

Alberici asked, if an $18 billion deficit was a “budget emergency”, what do you call a deficit of $35 billion?

Fluffy figures, flawed calculations, false expectations.

May 13, 2015 - 11:38 -- Admin

Fair, reasonable and balanced. That has been Tony Abbott’s latest pre-budget mantra, a mantra that took a hiding after Joe Hockey delivered what will surely be his final attempt at a budget last night.

Even when they are trying to save themselves, the coalition have once again demonstrated how glued they are to an ideology of trickle-down economics they can neither shake off nor hide.

Vale Ruth Rendell

May 12, 2015 - 19:32 -- Admin

It was with much sadness that I heard last week of the death of Ruth Rendell. I guess it wasn’t totally unexpected – she was, after all, 85 – but her death leaves a gap in crime writing that will be hard to fill.

I’m Not An Armchair Critic, Joe Hockey, I’ve Never Once Said A Bad Word About My Armchair…

May 10, 2015 - 12:12 -- Admin

“The economic metaphor came to be applied to every aspect of modern life, especially the areas where it simply didn’t belong. In fields such as education, equality of opportunity, health, employees’ rights, the social contract and culture, the first conversation to happen should be about values and principles; then you have the conversation about costs, and what you as a society can afford.”