Gillard is playing with live wires

Julia Gillard's promise to cut electricity bills by 2015 is based on some truly presumptuous calculations. And any reduction won't happen until after the election year, during which bills will just keep rising.

Making promises to voters about cash benefits that you can’t keep is a dangerous political game. After Friday’s Council of Australian Governments meeting, the prime minister should start thinking hard about this.

Otherwise, when the next federal election arrives, she may find herself in a similar position to her predecessor Paul Keating, whose L-A-W tax cuts notoriously backfired on him when they failed to appear between 1993 and 1996.

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