Bang goes the egalitarianism the coalition fostered.   It's back to the 'us and them' mentality of Liebor.

Woe is us.   

http://news.smh.com.au/rudd-promises-to-keep-tax-cuts/20080125-1o2f.html

Prime Minister Kevin Rudd has promised to deliver his election promise of about $31 billion in tax cuts despite inflation being at decade-high levels.

Mr Rudd said he took seriously his pre-election promises and the government's five-point plan would tackle inflation.

"It would be wrong to walk away from those commitments and we also made sure our non-tax commitments were very modest, costing much less than that being put forward by the government at the time, the Liberals," he told the Nine Network.

The prime minister said the government would take the pressure off the Reserve Bank to raise interest rates by targeting a budget surplus of $18 billion and establishing bodies such as Skills Australia and Infrastructure Australia.

"I said throughout 2007 that I was not going to put myself in a position, like my predecessors, of delivering public lectures to the Reserve Bank," Mr Rudd said.

Quote:


Dunno whether it is established that they are 'inflation creating?'

But fact is, DT, if he did not, you and your ilk would be complaining about broken promises.

Aussie wrote on Jan 29^th, 2008 at 9:12pm:


Even the loopy 'economists' agree with me that if you punch a lot of money ($31b) back into the hands of the mushrooms blindly stumbling into a Liebor led recession that there will be an inflationary effect on an economy driven by learner drivers.

Given the right circumstances of growth matching the cash (neutral outcome) there wouldn't be much of an impact.  But in a Liebor collapsed shrinking economy the effect will be substantial.  And it will.  This is another tactic to ensure we have a recession.  Liebor love them because they drive inflation and interest rates down artificially at the expense of the plebs.  They did it in the 80's/90's.

But my ilk and I are not concerned with 'broken promises', we are concerned the promises were made at all.   After all, Little Kevvy Liar has been crowing about inflation and pointing at everyone but him.  He reckons that it has been escalating since 2006.  Why then, in 2007, was he contributing to it by promising tax cuts at all?  If he knew of the inflation as early as 2006 why exacerbate it the following year?  

Does he think we are as stupid as him?  Does he think we will believe his lies if he says them often enough?

He's a loser.  That's why I voted Liberal.  I don't enjoy recessions.