Penny Wong has "come out" since being reinstated to 1st for the Senate seat

Gillard needed someone other than that idiot Swan to fool people that we are still on track.

The question is - on track for what?

In May Swan tells us that we are on track for $1.5B surplus

4 months later - Swan tells us he'll miss the target by 33%

Now Wong is telling us that we are "on track"

On track for the $1.5B?

On track for the 33% cut?



http://au.news.yahoo.com/latest/a/-/latest/15293716/budget-surplus-still-on-track-wong/

You have to wonder dont you. A $1billion surplus. Included in that was an expectation of getting tax money from the mining tax (where it is possible there will be none or very little). Is going to be interesting how they are going to cook the books even further.

The once promised, now "planned", budget surplus has been politicised by Labor. They've had plenty of time to back out of it but have pinned their exonomic credentials to it.

Election in March to avoid the inevitable deficit.

Shane B wrote on Nov 4^th, 2012 at 10:27pm:

The once promised, now "planned", budget surplus has been politicised by Labor. They've had plenty of time to back out of it but have pinned their exonomic credentials to it. Election in March to avoid the inevitable deficit.

I think they are finding very difficult to back out because Juliar Gillard said just before the election "if I am elected, we will bring the budget back into surplus in 2013".

They just dont want another "there will be no carbon tax"

Well today's narrative from Swan is the wafer thin $1.1 billion surplus remains "rock solid".

This is going to be one ugly train wreck.

So Labor still plans to deliver a surplus in an election year. Good stuff.

MOTR wrote on Nov 5^th, 2012 at 6:08am:

So Labor still plans to deliver a surplus in an election year. Good stuff.

Is it really. That cooked book surplus is going to give the opposition plenty of ammunition.

MOTR wrote on Nov 5^th, 2012 at 6:08am:

So Labor still plans to deliver a surplus in an election year. Good stuff.

at least you didnt say promise..

Shane B wrote on Nov 4^th, 2012 at 10:27pm:

The once promised, now "planned", budget surplus has been politicised by Labor. They've had plenty of time to back out of it but have pinned their exonomic credentials to it. Election in March to avoid the inevitable deficit.

yes, i think you are correct

I don't give a stuff about a surplus, what i am worried about is how much we owe in debt?
And what are the interest payments on that debt?
And what the Hell happened to all the money?