You've gotta love the boy. Here he is gamely battling for that extra spin by having a go at Rudders and Swanee over the latest Intergenerational Report released yesterday.
Apparently the PM and Treasurer are guilty of elder bashing by pointing out that growing numbers entering retirement are posing a bit of a problem for a national economy which was traditionally coming off on a strong base of taxpaying workers.
Leader of the Coalition Opposition Tony Abbott hopes that I'll accept that he's my true blue friend, working flat out protecting me from Labor's nasty age discrimination.
"It's not seniors' fault that the government is under cost pressure. This idea somehow seniors are to blame for our economic problems, it is wrong, it is demeaning to great people who have worked hard for our country."sez our Tones.
Here's how Labor's 2010 intergenerational report basically assesses the aging of the population;
"Australia faces significant intergenerational challenges.
Population ageing will mean that there will be fewer workers to support retirees and young dependants.
This will place pressure on the economic growth that drives rising living standards.
At the same time, the ageing population will result in substantial fiscal pressures from increased demand for government services and rising health costs.
Australia's population will continue to grow over time but at slower rates
than in the past. A growing population will help manage pressures of the ageing population but will put pressure on our infrastructure, services and environment. This will require continued planning and investment ahead of time."
Here's how the Coalition's 2007 intergenerational report viewed the same issue;
Demographic and other factors will continue to pose substantial challenges for economic growth and long-term fiscal sustainability.
The projections in IGR2 show that over the next 40 years:
- the population will continue to increase in size but with a higher proportion of older people;
- economic growth per person will slow as the proportion of the population of traditional working age falls; and
- substantial fiscal pressures will emerge due to projected increases in spending, particularly in the areas of health, age pensions and aged care."
Australia, like most industrialised countries, is experiencing an ageing of its population. This is already beginning to place some pressure on government spending. However, much larger pressures are expected to emerge when the 'baby-boomer' generation starts reaching old age in the middle of the next decade.
By careful planning now, we will be better prepared to meet the future challenges of an ageing population.
Can't tell the chooks apart can you! Because the long term demographic shift exists and it will affect the economy.
Tony Abbott is showing what a bl**dy nong he really is in trying to run with this thought bubble for the next 24 hours and this particular greybeard would like to take his 'caring' and shove it down his dishonest pollie throat.