We're afflicted with the same fiscal flab most governments struggle with | thetelegraph.com.au<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Jessica Irvine writes that Australia is faced with an aging population and spiraling health costs, but a free-spending government will leave us unprepared. Two veteran Budget forecasting groups, Deloitte Access Economics and Macroeconomics, have in recent days delivered their verdict on Mr Swan’s mid-year Budget update: It’s codswallop. The Federal Budget is not in surplus … <\/p>\n
Continue reading “Australia: Not fiscal cliff — fiscal flab”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,5],"tags":[142,1662,2300,3662],"class_list":["post-6157","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economy","tag-aging-population","tag-health-care-costs","tag-mid-year-budget-update","tag-welfare-spending"],"yoast_head":"\nAustralia: Not fiscal cliff - fiscal flab - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Australia: Not fiscal cliff - fiscal flab - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Jessica Irvine writes that Australia is faced with an aging population and spiraling health costs, but a free-spending government will leave us unprepared. 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National spending on transport infrastructure is in the process of soaring 73 per cent\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4983,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/07\/30\/federal-spending-cutbacks-slow-recovery-wsj-com\/","url_meta":{"origin":6157,"position":1},"title":"Federal Spending Cutbacks Slow Recovery – WSJ.com","author":"Colin Twiggs","date":"July 30, 2012","format":false,"excerpt":"BEN CASSELMAN and CONOR DOUGHERTY: Recent economic data show that long before the fiscal cliff hits, federal spending already is falling -- and taking a toll on the recovery.......State and local governments are projected to receive $20.8 billion in federal stimulus funds in the 2012 fiscal year, ending in September,\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5500,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/18\/this-is-no-way-to-run-a-government-gates-the-fiscal-times\/","url_meta":{"origin":6157,"position":2},"title":"\u201cThis is No Way to Run a Government!\u201d \u2013 Gates | The Fiscal Times","author":"Colin Twiggs","date":"September 18, 2012","format":false,"excerpt":"By JOSH BOAK Nothing has stumped Gates [former Secretary of Defense and CIA director Bob Gates -- who served eight of the last nine presidents], who oversaw the $700 billion military budget until last year, quite like the country's current Congressional gridlock and the government's ineffective efforts to stop runaway\u2026","rel":"","context":"In "US & Canada"","block_context":{"text":"US & Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6530,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/01\/02\/why-the-fiscal-cliff-deal-offers-little-to-celebrate-quartz\/","url_meta":{"origin":6157,"position":3},"title":"Why the fiscal cliff deal offers little to celebrate | Quartz","author":"Colin Twiggs","date":"January 2, 2013","format":false,"excerpt":"Gwynn Guilford writes: Most immediately worrisome is that [lawmakers] ......let a cut in the payroll tax (which pays for social security) expire. Though doing so will close the 2013 budget deficit by some $126 billion, it means that 160 million Americans -- including two-thirds of the lowest quintile of earners\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":7629,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/01\/fed-sticks-to-stimulus-plan-worried-about-fiscal-drag-reuters\/","url_meta":{"origin":6157,"position":4},"title":"Fed sticks to stimulus plan, worried about fiscal drag | Reuters","author":"ColinTwiggs","date":"May 1, 2013","format":false,"excerpt":"Pedro da Costa and Alister Bull at Reuters write: The Federal Reserve stuck to its plan to buy $85 billion in bonds each month to push down borrowing costs and prop up the economy, citing risks to growth from recent budget tightening in Washington. Read more at Fed sticks to\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6067,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/11\/07\/markets-worry-about-fiscal-cliff\/","url_meta":{"origin":6157,"position":5},"title":"Markets Worry About Fiscal Cliff","author":"Colin Twiggs","date":"November 7, 2012","format":false,"excerpt":"Michael S. Derby writes about the looming fiscal cliff: The central problem is the lack of change. President Barack Obama was reelected. Democrats retained control of the Senate, while Republicans held on to the House of Representatives. The fiscal cliff can only be resolved if lawmakers work together. \u201cReturning to\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6157"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6157\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}