The hypocrisy is breathtaking. Peter Costello, now a "respected commentator," laments that Australia hasn't balanced a budget for 15 years.
But who laid the foundation for that structural deficit? Costello and John Howard. They squandered a once-in-a-generation mining boom and the proceeds from selling our public assets.
Instead of a sovereign wealth fund like Norway's to secure our future, they gave it away in permanent tax cuts and middle-class welfare. They sold gold at the bottom of the market. They left us vulnerable to the next crisis.
Now he lectures us on fiscal responsibility? The architect is blaming the builders.
#AusPol #PeterCostello #HowardGovernment #MiningTax #NorwayGotItRight #AustralianEconomy #Hypocrite
