Treasurer Wayne Swan blames revenue collapse on spending by John Howard
Sinking feeling ... John Howard spent recklessly by boosting 'middle class welfare', says the Treasurer. / File.
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- Labor pins deficit blame on John Howard
- 'Acted like mining boom would never end'
- $200 billion revenue shortfall
WAYNE Swan has promised help for the poor in a "very Labor" Budget tomorrow, but will also use the economic blueprint to demolish what he describes as John Howard's contentious system of middle-class welfare.
The Treasurer has also appealed to voters to accept that the global recession is so severe it has forced Labor to shift direction on key policies it took to the 2007 election campaign.
Two days before delivering his second Budget at a time of unprecedented global economic upheaval, Mr Swan yesterday told The Australian his efforts to deal with the recession-driven, $200 billion collapse in revenue had been complicated by a legacy of reckless spending by the previous government.
Well this is an interesting take on history Mr Swan. I didn't realise John Howard and the former coalition Government were responsible for the current economic situation in Australia.
Of course it has had nothing to do with the billions of dollars of surplus that this current Government has flounced about the country in what can only be described as Krazy-KRuddonomics...stimulating? No!
Give it up Swan! You will give Australian's a sad and sorry budget this year. Middle income earners, the stable work horses of this nation will be hit hardest, and few of the so-called election "promises" will be fulfilled.
Don't blame me! I didn't want this fiasco! Onya Kev!
Sylvestor
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