This should not come as a shock to either Abbott or Hockey. The contradictory messages they have been sending out to the electorate about cuts and increased spending have to stop.
Last week, in an unprecedented appearance before Cabinet, the head of the Reserve Bank, Glenn Stevens, and the new Treasury Secretary, John Fraser, presented the dire facts about the current budgetary situation. Taxpayers are presently borrowing almost $110 million a day just to pay interest on the previous Labor governments’ debt and growing deficit.
With Labor blocking even its own proposed reforms in the Senate, and the balance of power in the hands of delusional Green and incompetent PUPs, the budget may never return to surplus.