Federal

May 8, 2012

Media wrap: Labor’s ‘cash splash’ and rich ‘smash’

Crikey media wrap: Welcome to Wayne Swan's "cash splash" budget, as the papers have dubbed it, although it also promises to return the budget to surplus for the first time since the 1990s.

Amber Jamieson — Freelance journalist in New York

Amber Jamieson

Freelance journalist in New York

Welcome to Wayne Swan's "cash splash" budget, as the papers have dubbed it, although it also promises to return the budget to surplus for the first time since the 1990s. Here's a look at how the commentariat viewed Swan's 2012-13 budget:

The Australian: George Megalogenis,'Income taxes get Swan's surplus over the line'
"At some point, political parties and the electorate will have to come to an understanding. Either existing lines of government spending must be erased to make way for social spending to cater for an ageing population, or Australians will have to suck it up and pay more tax. Tony Abbott thinks government is just a shout or two away -- stop the new taxes, end the waste."
Paul Kelly, 'Wayne Swan's making a values judgment'
"Julia Gillard is right. This is a budget of redistribution that defines Labor values -- from higher to lower income earners, from defence to social policy, from corporates to households, from deficit to surplus."
Dennis Shanahan, 'Treasurer matches PM's breach of faith'
"At the height of the global financial crisis Kevin Rudd decided to use socialism to save capitalism; now that the crisis has passed, Wayne Swan has decided to use capitalism to save socialism."
Dennis Shanahan, 'Wayne Swan's cost of living double play'
"Tony Abbott is now faced with the invidious choice of opposing measures which will alleviate the cost of living pressures on families which he has campaigned on so relentlessly for years."
Peter van Onselen, 'Deputy Wayne Swan's bid to deliver political salvation for Julia Gillard'
"Political salvation is what Julia Gillard seeks and Wayne Swan has done his level best to make it happen in this year's federal budget. Relying on the treasurer to save the prime minister, what could possibly go wrong?"

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One thought on “Media wrap: Labor’s ‘cash splash’ and rich ‘smash’

  1. AR

    Paul Kelly, ‘Wayne Swan’s making a values judgment’
    “Julia Gillard is right. This is a budget of redistribution that defines Labor values — from higher to lower income earners, from defence to social policy, from corporates to households, from deficit to surplus.”
    And that is wrong, why Polonius?

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