Dnarever wrote on Dec 19
th, 2015 at 9:02am:
Armchair_Politician wrote on Dec 18
th, 2015 at 9:46pm:
Why didn't Labor axe those tax cuts? They had ample opportunity
No government has the courage to wind back tax cuts. Though this is the obvious and best easiest solution.
In the first term it with the GFC and so many other things happening it was not obviously apparent that it was the cause of the problem.
The tax cuts were reliant on the booming economy, many made the assumption that when the GFC was tamed that the boom would re start. Had this occurred then the government income would have continued to cover the unaffordable tax cuts. Unfortunately Australia returned to a more normal economic level aligned with the long term averages. The tax cuts were based on an economic boom which had ended. This was not well understood till after 2010 at the earliest.
Ever since every government have been looking to cut expenditure and raise money in other ways.
Cuts to health education etc is the Libs attempt and now raising the GST etc. This has all been an attempt to cover up the errors made by Howard and Costello.
dna mining has kept this amazing country going for years and years....
I dont think anyway saw the boom going down as fast as it has.....you would have needed a crystal ball to see that far ahead.
its a double whammy...both price and sales at the same time taking a dive....A BIG DIVE....and no end in sight..
if someone had the crystal ball and said this trend will reverse in 2017... they could juggle the balls in the air...
however... that isnt the case....
you blame the Howard govt....
![Roll Eyes Roll Eyes](http://www.ozpolitic.com/yabbfiles/Templates/Forum/default/rolleyes.gif)
ok whats new
however if it wasnt for them we wouldnt have a GST...
what sort of mess would we have had then????>..
a million different taxes....
![Roll Eyes Roll Eyes](http://www.ozpolitic.com/yabbfiles/Templates/Forum/default/rolleyes.gif)
makes sense to some.