Frydenberg dances on grave of 300 dead Brazilians

Monday, 9 December 2019

Josh Frydenberg sure is an acccomplished liar (or maybe be believes his own drivel). He writes today:

The budget position has improved year-by-year, with our past three final budget outcomes $37bn better off than forecast. It is not luck that the budget is in balance for the first time in 11 years and we are delivering a surplus.

…So now is the time to pay down Labor’s debt. The country can’t keep kicking the can down the road.

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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.