Saul Eslake of Bank of America Merrill Lynch said the incoming Conservative government in Britain had faced a "budget crisis" and a "debt emergency" in 2010. The projected deficit was 10 per cent of gross domestic product, and net public debt was in excess of 60 per cent of GDP.
To apply similar terms to Australia with a prospective deficit of 2 per cent of GDP and net public debt of 15 per cent of GDP was "to abuse the English language".
Indeed.
But even if it was a budget emergency, why is the burden being born by the poor alone? Because the so-called "libs" are hostile to the poor. The budget emergency is confected, not real. And they're using it to rush through cuts to welfare dear to the hearts of the rabid right.
