Sunday 1 February 2009

Bernard Keane on Turnbull & Bishop is my quote of the week


Bernard Keane writing an open letter to Malcolm Turnbull and Julie Bishop in Crikey (arriving via Peter Martin's blog) contains what has to be my favourite quotes this week.
The entire letter is well worth a read.

"But you seem determined to maintain the fiscal hairy-chestedness. As part of that, you like to maintain that when you were in Government, you were the height of fiscal responsibility.

That's complete bollocks and I'm sick of hearing it. The first two Howard Budgets were excellent. They cleaned up the profligacy of the last Keating budgets and began seriously implementing a small-government agenda of the sort a lot of us had been looking for for years. But after that, you dropped the ball. Subsequent budgets got slacker and slacker, especially once the mining boom kicked in. After 2001, your budgets got downright bad as you shelled out money to buy votes. After 2004, you were shovelling money out the door so fast slow-moving people were getting buried under it.

If you'd had just a little regard for the longer term you could have used the boom years to hand out tax cuts and built the surplus up further, or make a serious start on fixing our infrastructure, or get an ETS up and running so we had it built into our economy before the crisis hit.

But no, you died vomiting money to anyone registered to vote."

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