The imminent Federal Budget will set the scene to see whether the government has a plan for the future economy, now that they have squandered the surplus.
Their problem is they made promises that appeared reasonable when they made them, but if kept would now appear to be unaffordable, when we are so deeply in debt. From a popularity point of view they have to keep their promises on raising the single pension, but it probably won't be $30.
One issue that has to be faced is the rising level of unemployment which could exceed 10%. Unemployment benefits are very low and are only intended for the transition period between one job and another for those who want work.
Workers will now face long term employment and their needs cannot be denied by any government looking for re-election. Promises will have to be dropped to accommodate them.