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Budget Blindness

One important thing that appears to be lacking in most budget commentaries, is real analysis or critique of the Government's overall vision or economic strategy. After almost nine years of controlling the purse strings, one would think that something would stand out as a planned outcome that had been well-articulated since 2008. Most commentators have just focused on the surface features of Steven Joyce's first effort; who gets what and the short-term political consequences. This approach just feeds the lolly scramble mentality and treats the budget as a moment in time rather than part of a bigger story.

The bigger story in this case is that this National Government has never delivered on the economic strategies it has promoted over its three terms in power. In 2008 it was mining and oil, to replicate the Australian economy of the time (never original thinkers); in 2011 it was the $11 billion motorway investment or the Roads of National Significance (RONS) that would rejuvena…

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