SSJoe's blaming everyone else for his budget fuckups. Commodity prices are lower than they've been for decades (are they? I dunno). Labor left a debt mess. The senate. It's everyone elses fault but his, even though he's been treasurer for nearly a year and a half now. He sounds like a bloody whining school kid trying to get himself out of trouble.
So this is what he said pre-election about the budget and Labor not returning a gov surplus for the financial year. From the Lieberal party website:
So the overblown promises, the use of extreme language without qualification proves that these people are not fit to govern the economy. The Prime Minister in 2011: “My commitment to a surplus in 2012/13 was a promise made and it will be honoured.” No qualifications, all the excuses that Wayne Swan talks about – falling commodity prices, a high Australian Dollar, nominal growth not being up to standard. Somehow the GFC is ongoing all the time.This is what he's saying today:
I mean, none of these excuses were used when they made these solemn promises and of course it was Julia Gillard who said you can’t run this country if you can’t manage its budget. Well damn right. It’s the Labor Party that said in 2008, it was going to have a temporary deficit. Now Wayne Swan says he cannot deliver a surplus this year because he has a temporary shortfall in revenue. The revenue shortfall he has identified is one per cent of this year’s revenue – one per cent. So what they’ve been doing is they’ve been doing everything they possibly can to try and meet the politics but not the economics. more
"Twelve months ago, iron ore was at $120 a tonne," he said. "There were market expectations it would fall to $95 a tonne. We budgeted $92 a tonne. It's currently $63 and we are forecasting that it will remain around $60 a tonne for the foreseeable future. That more than 30 per cent fall in iron ore prices has had a big impact on the budget, as has a 15 per cent fall in thermal coal and a 20 per cent fall in wheat prices since the budget. As a result, the forecast decline in the terms of trade this year is the largest since records were first kept in 1959. moreOther than that he's telling a pack of lies. Killing off renewables and manufacturing industries, ripping $billions out of the economy, isn't exactly strong jobs growth. He's lying through his teeth now.
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