ScoMo delivers election lead balloon Budget

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You’ve got to love Chris Joye, salesman par excellence:

Treasurer Scott Morrison has delivered a brilliant, election-winning budget that could be a game-changer by tapping into deep community discontent with political weasel-words that for a decade have overpromised and undelivered, eroding trust in our leaders.

Australians no longer seem willing to be suckered by “cash splashes” and white elephants such as the NBN, knowing that the explosion in government debt from $53 billion in 2007 to $533 billion today to underwrite this largesse has to be repaid. And the most likely culprits are higher taxes and inferior services.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.