Jul 01 · By Share·
For many years, I have been writing about the unsustainable nature of the welfare state. Over decades, successive governments have racked up debts to provide immediate benefits without thought for the future generations who have to pay it back. It has happened all over the world – including Australia.
Today, we have seen the first national financial consequences of such practice in a Western nation. As has been forecast several times recently, Greece has defaulted on the first of its loans. Put simply, Greece is broke.
Jun 24 · By Share·
Today, the process of amending the Australian Citizenship Act begins.
This will see Australian citizenship stripped from dual nationals who engage in activities or provide support to terrorist organisations. Currently, the Act allows for such action where Australians enlist with a foreign army at war with Australia so this new step identifies the changing nature of conflicts confronting the West.
Jun 18 · By Share·
There are many events that attract the attention of those inside the political beltway whilst barely registering a flicker of interest from the rest of the country.
To have the opposition playing petty politics with matters of national security is one such event.
Jun 10 · By Share·
Political life is never dull. It can be frustrating, infuriating and often unfair but it is never dull. The insatiable media appetite for controversy ensures that there is always a story somewhere.
Sometimes those ‘stories’ are manufactured faux outrage like the reporting of Joe Hockey’s comments on housing affordability. Here’s part of the transcript that created such a brouhaha so you can judge what he said for yourself.
May 27 · By Share·
A brief note today because it’s Budget estimates. This means I am locked in a room chairing the Finance & Public Administration committee from 9 am through until 11 pm all week.
My committee examines the Department of Prime Minister & Cabinet, the Department of Finance and also Indigenous agencies.
May 20 · By Share·
Last week the Senate agreed to my motion that it conduct an inquiry into food certification schemes in Australia.
This was prompted by the growing number of Australians who are concerned about the number of certification schemes and the lack of transparency in relation to labelling, cost to consumers, cost to business and suggestions that coercive tactics are being used to ensure compliance.
May 13 · By Share·
The Federal Budget was handed down last night and as always there is a lot of detail to get through. However, one of the headline acts was support for small business through a 1.5 per cent tax cut, the ability to claim sub-$20,000 purchases as tax deductions through accelerated asset depreciation.
This means that any purchase made by a small business - whether a company or private operator - up to the value of $20,000 can be instantly 'written off'.
May 06 · By Share·
With the Federal Budget set to be handed down next week, I suspect a lot of political skin will be riding on how it is received. All indications thus far suggest it will be designed to support the economy and protect jobs in a rather fragile environment.
Whilst there is always the usual sanctioned ‘leaks’ and media speculation, it is a fair guess that the country will run a large deficit next year – and for some years after that.
Apr 29 · By Share·
I like Julie Bishop. She is smart, personable, competent and politically savvy. She’s proven to be an excellent Foreign Minister and one day I hope she gets the opportunity to hold the top job.
Most recently, it was her address to the Sydney Institute earlier this week that marked her as someone who truly ‘gets it’.
Apr 22 · By Share·
Last week, I met with a group of self-made business men and women.
They were all financially successful yet seemed to have the balance right in respect to other aspects of their lives too. They had families, seemed to take their parenting responsibilities seriously, tried to keep fit and also pursued numerous philanthropic endeavours.