New South Wales

Mar 29, 2011

Busting the myth of Barry’s $4.5 billion black hole

The reports on Barry O'Farrell's $4.5 billion black holes are a load of statistical noise and rubbish.

Glenn Dyer — <em>Crikey</em> business and media commentator

Glenn Dyer

Crikey business and media commentator

It may be a record, the discovery of a budget black hole in NSW by newly minted Premier Barry O’Farrell as the morning papers and news broadcasts reported this morning.

But the reports on the black holes are a load of statistical noise and rubbish. The purported $4.5 billion black hole is only an estimate and in terms of the cumulative spending and revenue collections by the government, a “rounding error”.

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8 thoughts on “Busting the myth of Barry’s $4.5 billion black hole

  1. klewso

    Again with the tabloid media managing Coalition PR – joining the dots and colouring-in – to embellish perceptions of their preferred party in the general electorate – and “sod the news”.

  2. Dr_Tad

    Did anyone notice how minimal yesterday’s swearing-in ceremony was? Already the subliminal messages to prepare us for “austerity”.

  3. baal

    Perhaps Mr O’Farrell is preparing us for the drastic cuts he and his comrades would like to make in the standard Tory manner – see UK

  4. pedro

    I don’t know about rational, critical analysis from the media, but spinning it out past forward estimates certainly doesn’t give me confidence that O’Farrell’s government are any more honest than the last lot.

    Anyone see Pru Goward on The Drum yesterday, spinning it hard on the loss in NSW – literally parroting Abbott’s talking points – being due to the broken promise/Carbon Tax?

  5. klewso

    How is the general public going to get to know about this government’s short-comings if so much of the “news” has to come through a media with it’s conflict of interest, acting as the party’s spin doctors – influencing voter perceptions of “competence in government”? How many “other sources” are there left that can initiate such “investigations” that this mob will have to eventually join in as “more evidence” mounts when a “crisis” does arise?
    It’s not as though such “scenarios” will never eventuate – these are “politicians” after all.

    “Unfair”? Consider the resources these “news”papers dedicated to such things as the temper of coverage of (Howard’s) “Iraq”, “Children Overboard”, “Tampa”, “the Waterfront” – against “Utegate”, “Rudd’s tantrums” (no “Coalitionist”, ever does such things?), “Burke”, “Carbon/Mining taxes” and the way they were editorially portrayed – or virtually “ignored” when they were embarrassing for “their party’s” image.
    “Partisan politics” from a politicised tabloid media – with their priveleged market share.

  6. Harvey Tarvydas

    Dr Harvey M Tarvydas

    Great article Glenn Dyer.
    My voices, with great authority, inform me that he found the black-hole while searching for her broom.
    Doesn’t he know that someone so beautiful and regal doesn’t need one to fly.

  7. Matthew Brennan

    I’m sure lots of voters in NSW saw these headlines, laughed like drains and didn’t bother to read the report.

    Announcement of a “budget black hole” seems to have been part of the swearing in ritual of all new governments since Hawke was elected in 1983 (at least in my memory). I presume after the dance of outrage from the shock jocks there will then be the ritual junking of election promises. The swearing in ceremony will then be complete.

  8. Harvey Tarvydas

    Dr Harvey M Tarvydas

    Spot on! Hey don’t we always get sucked in.
    As you say “can’t aford our promises now” the true reason for finding a black-hole instantly.

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