Joe Hockey, Australia’s Treasurer and absolute wanker. All Australians are ready to brace to go back to 2008. Sadly Joe Hockey has us warned about budget cuts but it seems that older Australians will do the heaviest lifting in a budget repair task being pitched as a moral and economic necessity. When it’s not.
Nothing is free.
Joe Hockey has railed against the unsuitability of age pensions, the cost of the aged services increasing and the drain on the budget from the Pharmaceutical Benefits Scheme, which has been noted as weighing down with 80 per cent of its costs coming from concession usage. Incorrect fact! Truth is it’s only 60% of its costs is concession.
He finally announced that the long-withheld Commission of Audit report would finally be released next week. the Treasurer
said the budget would draw some recommendations from the report but the government would either delay or reject others.
So in simple words; Australia’s are going back to 2008 with high interests and higher tax rates.
Every sector of the community would be affected including households, corporates, and the public sector in an effort to drive the budget back into the black by 2019. This theory I challenge happily.
budget= rates (times) interest (divided) cost.
Someone always pays and that someone is the community and the country. You and me will always be at the beg and call of the politicians and their ideals. So welcome back to 2008.