An added sting in Hockey's cuts

Joe Hockey's latest comments seem to foreshadow a range of cuts that prioritise election promises over sound economic policy.

Treasurer Joe Hockey wants to share the budget pain but cuts to essential services, and the absence of tax reform, will place the greatest burden on those least able to bear it. A fixation with meeting the government’s election promise to achieve a budget surplus could potentially result in a range of unnecessary and ill-conceived cuts at the May budget.

In a speech in Sydney yesterday, Hockey provided the clearest indication yet of what to expect in the May budget. Tough times are coming for Australians and everyone is going to feel the burden of spending cuts whether they deserve to or not.



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