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Their concentration on revenue fails to realise that the real challenge is to grow the economy. How increase the pie so the pie gets bigger and the revenue grows automatically with it. Then we can have better health, better services, education and other areas. So you’ve got to ask why is this so? Why have we reached the situation? An email was sent to me recently which explains that the six leading ministers of the government from Mrs Gillard down have a collective work experience of 181 years, but only thirteen years in the private sector. If you take out those thirteen years, the number of years that were spent in trade unions and as lawyers, they’ve only got two years in the private sector out of 181. No years spent running their own business. No years spent starting their own business. No years spent as a director of a family business or a company. No years as a director of public company. No years in a senior position of a public company. No years in a senior position for a private company. No years working in corporate finance. No years in corporate business or restructuring. No years working in a bank. No years’ experience in capital markets. No years’ experience in stock broking. No years negotiating debt or negotiating business deals. No years running a small business. No years with the World Bank, International Monetary Fund, or OECD, and no years in treasury or finance. But these are the people who have placed Australia in a perilous debt position. This year's budget confirms that Labor is destroying Australia. Budget 2013 increases debt; produces more deficit; more taxes; confirms broken promises. How will families cope with higher costs and more taxes with no hope for the future and the destruction of Australian services? After decades of being misled Aussies wanted economic management that makes a difference in their lives. Labor and the Liberals have failed to provide any real alternative. If we believe Wayne Swan the total gross debt is to breach three hundred billion dollars, the ceiling in the forward estimates, while there has been five years of deficit Swan predicts there'll be two more years to come of deficits. The truth if things are not changed is that there’ll be twenty more years to come of deficit, but that's okay Swan won’t be there, he’ll be in a retirement home so by then so what does he care? Next year we’ll have a record net debt over 192 billion dollars. It's a record that will be broken if we rely on the two-party system. No road to surplus and no road to prosperity. The economy is doing well, the Aussie dollar is at one US dollar. It can't get better than this, but where is the prosperity? Where is it? Is it in the streets of Elizabeth in South Australia where people are struggling and worrying about their jobs? Is it in the Hunter Valley where the environment is destroyed and people are desperate because their marriages are breaking up? Is it in the Latrobe Valley where unemployment has reached 25 per cent? And we say that the economy is good; that our nation is prosperous, while our people out there suffer broken promises galore; no tax cuts. A politician is synonymous with a broken word in this country and that's what's wrong with the nation. Over 25 billion dollars more for Australians to pay in higher taxes over the next four years. This is a budget with few surprises and it's little to be enthused about. The Australian economy, while performing well compared to many international peers, is treading water in 2012 and 2013. It will continue to be a challenging year with lower real GDP, lower growth and higher unemployment. This will only be exacerbated by Treasury’s projection that new business investment as a share of GDP has peaked, formally signalling an end to the mining boom. The budget lays the groundwork for the well-publicised funding of the Gonski Report and funding of those reforms, The Last Sentry at the Gate: Clive Palmer & the 44th Parliament of Australia 209


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