Sunday, 24 December 2017

No Christmas gift for Turnbull Government from Newspoll and nothing under the tree for most of us

There were definitely no bright shiny ribbons on this Lib-Nats Christmas box as Australian Prime Minister Malcolm Bligh Turnbull, along with his ministers, senators and MPs, trailed in the 25th consecutive Newspoll.

In Daily, 18 December 2017:

Labor leads the Coalition by 53 per cent to 47, representing a national swing against the government of three per cent.

The poll of 1669 voters across the country, conducted for The Australian over the weekend, shows the Coalition has made no ground in the past two weeks with Labor maintaining a one-point primary vote lead of 37.

Nor was there a Christmas gift for average Australian families in this little budgetary effort by Messrs. Turnbull, Morrison and Cormann set out below.

Because the bottom line is that:
wages growth is expected to remain low; 
the national unemployment rate isn't predicted to fall below 5.25% in the foreseeable future; 
there are additional funding cuts in education;
so-called debt recovery from welfare recipients will continue with enhancements;
reductions in certain types of welfare payment also continue apace; 
tha taxation system remains skewed against ordinaty workers AND 
government gross debt continues to grow across the forward estimates while government revenue growth is somewhat subdued.

There is also no Treasury forecast that Morrison's promiseded 2020-21 $23 billion reduction of the 2018-19 projected $591 billion total gross government debt will actually happen.

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