Monday 4 August 2014

Abbott gov knew budget was unfair - Treasury modelling

Why am I not surprised? Yep, Abbott knew full well how unfair this budget was going to be from modelling provided to him from Treasury. I'd say it wasn't telling him anything he didn't know and was simply a confirmation for him. And he still plowed on ahead with it. 

More christian love from the faithful:
The federal government delivered its May budget fully aware its spending cuts would hit poorer households much harder than wealthier ones, a Fairfax Media freedom of information request has revealed. 

Treasury numbers released to Fairfax Media back private modelling showing the cuts were sharply inequitable, a contention repeatedly played down by the government. 

The budget has been widely criticised as unfair, and a hostile reception from the public led to a slump in the polls for the government. Many of its measures are being blocked by the Senate, with Treasurer Joe Hockey frantically negotiating with crossbenchers to salvage the budget.

The Treasury analysis reveals the spending cuts cost an average of $842 a year for lower income households, while the average high income family lost just $71. Middle income families were down $477. Read more  

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