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Ideas@TheCentre 18

Vol. 5 No. 18 (May, 2010)

Freedom quote of the week:

‘It is the duty of government to make it difficult for people to do wrong, easy to do right.’

- William E. Gladstone
  • How to reduce the budget deficit, without really trying
    Stephen Kirchner | 14 May 2010
    According to Treasurer Wayne Swan, the government is set to preside over the ‘most substantial fiscal consolidation in Australia’s modern history,’ leading the federal budget back into surplus by 2012–13. The OECD’s glossary of statistical terms defines fiscal consolidation as ‘a policy aimed at reducing government deficits and debt.’ But the policy measures in the government’s 2010–11 Budget make the budget balance worse, not better. The projected improvement in the budget bottom-line is more than fully accounted for by changes in forecasting assumptions. The government wants to claim credit for an improvement in the budget outlook that is entirely a product of its earlier forecasting errors.

  • HOIL no more
    Sara Hudson | 14 May 2010
    The federal budget’s ‘redirection’ of $56 million of unused capital from its failed Homeownership on Indigenous Land (HOIL) program to another housing scheme for Aborigines in cities and regional towns is the final nail in the coffin for many remote Indigenous Australians’ dreams of homeownership.

  • UK election report
    Peter Saunders | 14 May 2010
    On election night, academic Peter Hennessy excitedly told BBC viewers, ‘Today could be one of those days the British Constitution goes on heat.’ It turns out he was right.