Australian Lefty on Politics, Governance, Science and Info Management

Costello’s In Denial

Posted by Dave Bath on 2007-12-04

Peter Costello (former Treasurer) has been saying how wonderful a treasurer he was given that the new ALP government has not been running around saying "budget black hole found".

He is either in denial or a huge hypocrite, because his beloved market, which he certainly trusts more than ALP politicians, is running around going "huge budget black hole", but referring to the more important black hole in the national debt rather than mere government debt.

It’s a wonder Costello isn’t saying "as soon as the ALP gets in we have the worst monthly trade deficit and the longest running trade deficit ever".  The economic intelligence of the Oz masses would probably believe it is the new ALP government’s fault.


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