Oh dear. Penny Wong is on Radio National this morning describing the revenue misses in the budget claiming that there was no “economist out there who anticipated what is happening in the economy would occur for as long as it is. That is that revenues would be so depressed for so long.”
Perhaps she should read MB. Just to pick out a few going back to 2010:
https://www.macrobusiness.com.au/2012/08/the-surplus-is-history/
http://www.macrobusiness.com.
http://www.macrobusiness.com.
http://www.macrobusiness.com.
http://www.macrobusiness.com.
http://www.macrobusiness.com.
http://www.macrobusiness.com.
http://www.macrobusiness.com.
I could go on.