The deterioration in the federal government’s fiscal position reflects a failure to adhere to a rules-based framework for fiscal policy to guide spending and tax decisions. This report reviews Australia’s experience with fiscal policy rules, highlighting their successes and failures. This experience is then applied to argue for a new framework of fiscal institutions and rules.
Multiculturalism began as a response to the White Australia policy and continues to enjoy public support. But a new, ‘hard’ multiculturalism has emerged which is determined to eliminate racism. Its narrow focus on managing diversity threatens the notion of a national culture as well as the liberty of every citizen.
The federal budget deficit has been described as an emergency. Cutting wasteful programs can save more than $20 billion a year, which will repair Australia’s bottom line in the short term and prepare us to meet the future challenges of rising health care costs, an ageing population, and expected slower economic growth.