The handout blowout that's costing the budget

The key problem with Labor’s budget is poor means testing. Until it’s fixed Canberra's budget pain will continue.

It was Labor’s misfortune to first win office 24 days after the stock market peaked in 2007 and then to just win again three years later as the 10-year commodity price boom was coming to an end.

That’s life: you don’t always get to choose your moment and it’s true that some elections are good ones to lose.

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