Budget announced – no guts or glory

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The Coalition Government has announced the Budget

 

The Coalition has announced it’s 2017 Budget. Not everyone is happy (well, everyone has a gripe with it, I think). Andrew Bolt has slammed it as a ‘Labor budget’. In today’s Herald Sun, columnist Susie O’Brien has called it a ‘fairytale’.

I call it a toothless tiger. It’s clear to me that the Coalition are still scarred by the backlash against Tony Abbott and Joe Hockey in 2014. They aimed to cut welfare, even though much of it was knocked back in the Senate. Some cuts were made, including over $500 million dollars from Aboriginal health services. There was also a proposed plan for a six month freeze on New Start payments and compulsory interviews and ‘activities’ for Disability Support Pension recipients. Due to public backlash, Abbott and Hockey pedalled back on the Newstart  freeze, making potential recipients only wait for a month. There is also spending on education, health and infrastructure projects.

 

I call this year’s Budget a toothless tiger. Gutless really. Unlike Abbott/ Hockey, the Turnbull/ (Scott) Morrison Government went for the middle income earners, the banks and multinationals. The only group that has been targeted and fought back are university students, who will be forced to pay seven per cent more on their HECS – HELP loans, which will be due to be paid back when a graduate will earn just over $40,000 rather than $52,000 a year. Other than that, who, (at least theoretically), would protest the big four banks being targeted? Or multinationals? That’s what I mean by toothless tiger. They went for easy targets, with many concessions (railways, a new Sydney airport, etc). This has caused rumours on a possible election before 2019.

 

This Budget was gutless. While things like the tax cuts for small businesses are OK, there isn’t too much else to go on except to say that it’s infuriated traditional Coalition supporters. We’ll just have to wait and see what happens.

What did you think of the Budget announcement?

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