Was just having a ponder before (as one does on a Sunday night) and was debating whether the current Labor government will be able to return the budget to surplus by 2012/13?
IMO - most certainly not. I don't think they could have ever achieved it under normal circumstances - and now with the catastrophe in QLD (which estimated costs are between 5 - 30 billion ) it would appear Gillard and CO have yet another slimy and easy way to weasel out of another promise.
Now you can all sit here and say "act of god"/ can't be helped etc - but think about this - if you really want this beloved government to achieve their goal - it is mostly certainly going to come through in the form of a rushed resource tax (how much more rushed can it get?) and most likely a rushed carbon tax. Wouldn't this be lovely for all? I can really see the people whinging about prices of EVERYTHING if some of the lovely Labor schemes were to come to fruition.
My heart goes out to QLD - it truly does - but sadly I think it will be a cheap get out of jail card for the government when it comes time to front the reality that they couldn't return the budget to surplus.