The penny's dropped on Coalition savings

The ALP's campaign on the Coalition's 'budget black hole' has failed to consume voters. That's why Joe Hockey offered little extra to the electorate today.

Joe Hockey's $9 billion in savings have come very late in the election campaign but will make little difference in the final assessment of voters. That's because the main point of the Coalition’s costings is that the whole sums are based on revenue estimates that Joe Hockey knows are highly likely to be wrong.  

He simply took the Treasury-Labor Party estimates of revenue, which are very bullish in terms of resources and other revenues. That, plus the cost cuts that the Labor Party has announced made it easy for him.

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