The present federal government has a policy of the market will solve all problems: we will get rid of regulatory bodies and legislation. This would be good if it was right and it isn't. Private industry will not build roads, for example.
Getting rid of regulation on investment advisers was a mistake. Thankfully it was resurrected and defeated in the Senate. If it had stayed, advisers would have pulled the wool over the eyes of the poor in society - those who do not know how the system operates.
The government is trying to abolish the body that reviews charity organizations. Senate opposition will put an end to this. Why is the government wasting its time and taxpayers money throwing legislation at the Senate that clearly will not get through?
There is no debt problem in Australia contrary to the wild obsession put forward by the Coalition. Australia has only 17 per cent debt. this compares to over 90 per cent for most other Western countries.
The economy has had a dramatic fall in growth. This could be seen as due to spending cuts. However, there have been only small spending cuts. The national debt is higher now than it was under Labor. Blaming Labor would seem to be right, but Independents, Greens and the Palmer United Party are blocking radical changes.
Abolishing the carbon tax is seen as a win for the Coalition. This is only for the short term. There is no doubt it will be back when we have a labor government after the next election. Just the threat of cuts is offending voters right across the board. Putting it bluntly, Tony Abbott looks like a fool stumbling in the dark. Reason and common sense are not part of his arsenal. National debt is a furphy: people don't care about debt as long as they can earn an income.
✴ Science by Ty Buchanan ✴