Truth of the matter is it's entirely of his own doing. There's more to an Australian budget than simple hard core economics. Budgets have to be politically viable, and this budget was anything but. Then he followed it up by digging in stubbornly without a negotiating bone in his body, clearly going after the poor and vulnerable whilst leaving $billions in perks untouched to the well off. It was completely unfair and Australians were never going to stand by and watch their mum and dad retirees, their sick relos, their poverty stricken friends, get done over by this cigar smoking arrogant prick. Australians gave the budget the collective finger.
Now even conservative budget people, hard core economic rationalists, are being critical of SSJoe's political incompetence in producing a turd of budget and trying to sell it.
While he said that Mr Hockey's first budget was an economically sound and overdue attempt at bringing the budget back towards balance, he added that it had failed on the political front.
"Unfortunately, Treasurer Hockey has failed to galvanise broad public support for his budget because of the perception or reality that much of what he has planned is just plain unfair," he noted in the report.
"He has certainly placed much of the fiscal adjustment burden on the poorest members of the Australian and international community (the unemployed, students, low income pensioners and foreign aid recipients) up to 2017-18, whilst failing to reign in tax concessions for high income earners."
Worse still argued Dr Anthony, a former Treasury official, many of the most unpopular measures do not actually contribute a large part of the savings.
"Many of [Mr Hockey's] budget cuts are just not worth the political pain, including the six-month qualifying period for unemployment benefits for persons up to 30 years of age, and the $7 co-payment for GP visits and tests ordered by GPs," he wrote. more
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