Federal budget essay

AT WHAT COST?

The 8th liberal budget was delivered to Australia on the twelfth of May 2003, by treasurer Peter Costello with a untold debatable response from the public. Various factors form effected Costellos probable last shot at shaping Australias approaching, however how distinct is it really in comparison to the other 7 budgets produced by Australias highest taxing government?

Some of the major projections for Australia would be the boosted $15 jillion towards Australias National security which came at the serious sacrifice of our future generations commandment. In this time of terror and mayhem in the population it is a smart decision to increase the money for our defense reaction but to what extent and at what sacrifice?

The future of our ground is of course the young and upcoming children and with the current budget Australias form is in the direction of a classed society. When wealthy families have the gain over the less wealthy families to a higher(prenominal) education, respective(a) unwanted national consequences occur. Firstly, Australia will start on the dreaded track of the rich getting richer as they buy their education and inherit their wealthy parents assets and business, while the poor will regain it a lot more difficult to get forrad knowing about the large bill waiting for them.



How preempt the setting up of learning institution as businesss maybe have a fair outcome? As Mr Nelson has stated, we have finally set universities free by allowing them to set their have got fee. This will only result in dramatically higher annual H.E.C.S. fees that can leave those less wealthy and free-lance students with debts that will be daunting on them for years.

The current out of the question 6% of unemployed persons is another task that is always macrocosm thought about. The liberal Government forecasts that the unemployment rate...

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