Economist Chris Richardson told
Inquirer when asked about next week’s budget: “I go immediately to Elvis: a little
less conversation, a little more action, please.”
We have a federal government attempting to address many significant
issues but with a very limited mandate due to the gaming tactics used in extracting
an electoral victory from a public who distrusts the political class.
The government needs to spell out the gravity of the gap
between public expenditure expectations and revenue streams – and establish a
citizen’s assembly to build a legitimate public mandate for the needed changes
in expenditure and revenue raising.