Wednesday, 28 January 2009



"The Federal Budget is buggered. The collapse in commodity prices will, with a lag, mean a collapse in company taxes. But it is not the short term implications of deficits which worry us. It is the longer term risk of chicken-hearted policymaking now that Canberra’s ‘rivers of gold’ are drying up. This nation has legitimate policy goals in education, infrastructure, Federal/State relations, climate change and water management. What it doesn’t have any more is the money to help achieve reforms in those areas." - executive summary.

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