That’s a good article. Another, and potentially more serious problem, is that by making a major issue of the (largely imagined) evils of all government debt the Coalition is locking itself into a de-facto policy of running continuous balanced or surplus budgets (rather than maintaining the bi-partisan consensus on balancing the budget over the course of business cycles). This would be a major problem if its the party in power next time there’s a recession…
Mike Rann on the comeback trail Peter?
That’s a good article. Another, and potentially more serious problem, is that by making a major issue of the (largely imagined) evils of all government debt the Coalition is locking itself into a de-facto policy of running continuous balanced or surplus budgets (rather than maintaining the bi-partisan consensus on balancing the budget over the course of business cycles). This would be a major problem if its the party in power next time there’s a recession…