Victorians show deficit not inevitable: PM and Treasurer!

Comments on “Judicious regime oversees steady state”, by George Megalogenis, The Australian, http://blogs.theaustralian.news.com.au/meganomics/index.php/theaustralian/comments/judicious_regime_oversees_steady_state/

This is really a piece of excellent news, especially when we all have been submerged in the helpless rhetoric that we have been so familiar with, that our PM and federal treasurer have presented to us repeatedly over the past months that deficit will be inevitable, but blamed for international factors and they have nothing to do with it.

The contrasts between the Victoria budget and the budgets of NSW, Queensland and the Federal government (some are coming) are astounding! We should congratulate the Victorian government and applaud its remarkable performance over the past many years from both sides of politics. I think they deserve a Nobel prize for that.

Perhaps where our PM comes from could be an indication of how well he will perform during his prime ministership - Queensland. That would be unfortunate for Australians. But he has so far appeared to be in the race to overtake his State counterpart in budget management.

It is all the results of ideologies and popularism. It would be a real blessing for the Australian people if we always have PMs who manage the taxpayers’ money prudently. John Howard, notwithstanding his strong ideologies, compared much better to his successor in this area, perhaps by a factor of many times.