Thursday, May 16, 2013

Julia Gillard on delivering a surplus

Like respect, credibility is earned not given, it doesn't just come with the territory nor title, even if that title is, Prime Minister.

In all cases. it must be earned and maintained.

In August 2011, Gillard says its incredible to think she won’t give us the surplus saying,

"...the Budget’s coming back to surplus ... There’s no credible analysis on our economic plan that it won’t come back to surplus".
July 2011, she adds,
"The budget will be back in surplus in 2013 as promised".
In May 2012, within the budget papers we read:
The Government is returning the budget to surplus in 2012–13, on time and as promised, with surpluses growing over the forward estimates.
In November 2012 we were still assured it would be a surplus, but just a few short weeks later in December it was suddenly going to be a $1.1 billion deficit.

Then by late April 2013, the PM told us it would now blow out to a $12.5 billion deficit.

And following on, just three weeks later, as Treasurer Swan spells out budget 2013 and we find it's a deficit of over $19 billion!

Otherwise said, around $7,000,000,000 went astray in 3 weeks.

Julia Gillard has done little to earn anything but a loathing for her incapacity, the folly of her ways.

Credibility you ask? Please spare me ...