billy blog ... some alternative economic thinking

We have been so busy that it has been hard to keep the Blog happening. However, I cannot avoid making a comment on the latest news. There are two very disturbing trends on the economic horizon in Australia at present. First, is the news from the Treasury (reported by the ABC news today) that the "The Federal Government has recorded a higher than expected budget surplus. Final budget outcome figures released by Federal Treasurer Peter Costello reveal an underlying cash surplus of $13.6 billion in the last financial year.The surplus is $4.4 billion higher than expected at the time of the  More ...