Economy

Apr 1, 2014

Fiscal fools: give us a break on the budget BS, Joe

Joe Hockey's pre-budget spinning has veered into outright falsehoods as he attempts to claim Labor has boobytrapped the budget. Bernard Keane and Glenn Dyer report.

We’ve now entered the traditional pre-budget softening-up period in which treasurers engage in expectations management ahead of the fiscal set-piece of the year in May. But even given that, Joe Hockey is treating us as complete idiots. The line Hockey has been pushing for some days now, and which he gave a big push to yesterday in a flurry of media appearances, is that not merely did Labor hide the level of deficits in the current budget cycle, but that it left a series of hidden spending commitments in the unpublished years beyond forward estimates. Hockey has been circulating a document to journalists portrayed in the media as a "Treasury analysis" that shows how "the Coalition inherited an unsustainable budget position" and Labor "hid [expenditure] from the public". Hockey would like us to see him as a budgetary innocent who has found himself in the middle of a fiscal minefield planted by Labor.

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50 comments

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50 thoughts on “Fiscal fools: give us a break on the budget BS, Joe

  1. barramundi

    Straight out of the costello playbook

  2. Tyger Tyger

    Asking Joe Hockey and this government not to lie, obfuscate and deceive is like asking the sun not to rise.

  3. ken shaw

    Liberal mumbo jumbo to get people to accept being screwed in the next budget

  4. Observation

    The Liberal party have become the experts at spinning a message without scrutiny from the public. They know how to get the average Joe to repeat their false message at the kitchen table and around the BBQ.

    Everything they are submitting to change is focused on the top down philosophy by feathering the nests of the rich so the plebs can fight over the scraps as we see in the examples in this report. One that is missed is the paid parental scheme. You will notice most of the reforms to help the underprivileged are being worn away and the Gonski report is being challenged …err sorry …reviewed at every step.

    They will push their unfair austerity measures and assist the rich until their political capital is exhausted.

  5. John Kotsopoulos

    Indeed, why Abbott being allowed to misrepresent the budget position when he has dismantled savings measures due to be implemented by Labor and has committed to rash spending measures of his own? These include his gold plated parental leave scheme and his costly and ineffective Soviet style central planning approach to dealing with climate change. Crying poor while using taxes to pay polluters to do things like carbon sequestration a process which scientists say is already being implemented is a joke, an expensive joke.

  6. Jamil Hanna

    Crikey is the only place brave enough to scrutinise the Liberals’ tactics of painting the picture of an economic armageddon.

    This is the only Western nation with a AAA credit rating after the GFC, right? The only nation not to go into recession?

    Please Joe, you’re a bad actor at worst.

  7. klewso

    “Where ya goin’ with the family cow, Joe?”
    “Someone told me there’s this place I can get a handful of magic beans for her!”

    [“Labor booby traps”? How much did Howard & Cosjello’s tax cuts and Iraq cost the deficit?
    Spot the booby?]

  8. mikeb

    The media will parrot this spin from Hockey and the tragedy is that most people will accept it as fact. Unfortunately only a small minority take time to read proper analysis pieces like that from Crikey.

  9. Steve777

    I find it easier to assume that any public statements by Abbott, Hockey, Pyne et al are half-truths, disinformation or outright lies unless corroborated by a reliable source (which excludes any News Corp outlet). I heard some of the interviews yesterday. It would seem that, inter alia, Joe Hockey is laying the ground for the Abbott Government’s backing out of more election commitments, including the NDIS. That plus, of course, blaming the Abbott Government’s ongoing failures on its predecessors.

  10. Mark Duffett

    “mining tax…only way of recovering some of the profits offshore owners of LNG and iron ore projects will make and ship overseas”

    So state royalties are going to be abolished?

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