Policy myopia angles Australia towards recession

Too scared to enact suitable reform, economic policymakers have sheepishly followed global trends at the great expense of securing stable, long-term growth for the nation.

The budget debate and recent Senate theatrics gloss over what is in truth a much broader malaise. No one should be under any false pretense: the Senate could pass the budget in its entirety and it would make no difference to the underlying fiscal strategy. Nor would it shore up our defences against a downturn, since there is no proposal to cut expenditure in any meaningful way.

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