EDITORIAL: Big time spending

By: Chris Smith


The irony of it all, it seems not long ago the government was telling us that we have to tighten

The irony of it all, it seems not long ago the government was telling us that we have to tighten our belts and now…lets spend up big with $10.4 billion dollars plus another $11.6 million in the coffers.

So what’s in store according to the Prime Minister Kevin Rudd?

Australia's pensioners are set to receive about $5 billion in payments before Christmas in a plan to boost the economy.

Low income families and first-time homebuyers are also set for benefits under the $10.4 billion plan, a desperate bid to stem the slowing economic growth caused by the global economic crisis.

Single aged pensioners will receive a payment of $1,400, with couples receiving $2,100.
Families who are eligible for Family Tax Benefit A will be paid $1,000 for each child, as will those who have dependent children on other benefits such as youth allowance.

Rudd says the spending, to be taken out of the $22 billion Budget surplus, is necessary to boost positive economic growth and stave off the effects of the global credit crunch.

Isn’t it time to actually spend up big on things like infrastructure including roads, hospitals, public dentists, schools and public transport?

Spend the money where you will have the most beneficial long term returns and don't squander the opportunity.

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