Federal Government debt is currently
$630bn and is expected to climb to $1trn by 2026, creating budget problems and a
debt that future generations will need to pay.
Recent history predicts that no
political party will have the ability to initiate the structural tax changes
needed for post-COVID budget repair due to fear of voter anger.
It is in our best interest as a
community to contribute ideas on what should be done to raise more revenue, reduce
costs and produce common interest solutions. Let's put together some ideas to help
our governments make the hard decisions.Your ideas?
“At some point in the next term of government,
sooner rather than later, the treasurer of the day will have to lay out a
comprehensive program of budget repair, not simply a cursory exercise in good
housekeeping.” “It demands a set of hard rules and reforms that
will enable us to live within our means.”
(Tom Dusevic, The Australian)
Politicians have been unwilling to 'bite the bullet' due to fear of voter anger. This is a classical case for a Citizens Jury to
review all the facts and recommend a new revenue-raising structure that works
for the common good.