David Leyonhjelm likes to do a fantasy libertarian budget every year, although it's hard to see why he bothers, since the details need never change when you're an ideologue who lives by simple rules (government is essentially bad; taxes must be absolutely minimal so that government must be tiny.)
One thing of interest, though, is how his libertarian policy is completely against government foreign aid (other than short term disaster aid), which presumably would mean leaving that field wide open to the big pockets of China - a country with internal policies which are pretty much the complete antithesis of what libertarians like that's actively seeking to spread its influence with foreign aid deals. Way to step back and let China buy its way into favour with all of our near neighbours, Senator Blofeld.
2 comments:
Doesn't understand that if you could sat just abolish the ABC you would not get all those savings. Sacked people are paid out not onlu in compensation but also superannuation , annual leave etc.
Starting point deficit appears to be about $9.5b which in essence is a balanced budget on cash accounting basis.
What he is talking about is a massive change in the structural budget which would be very contractionary. Hasn't learnt the lessons from Wayne Swan on that.
By the way you can pay back debt with a deficit. France did that from the end of WW2
"What he is talking about is a massive change in the structural budget which would be very contractionary. Hasn't learnt the lessons from Wayne Swan on that."
we are heavily in debt and doing somehting about it is contractionary, wonderful Homer
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