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Ryan Bridge: How much does $50 for some families cost the rest of us?
That’s the real question we should be asking ourselves this morning.
Remember, the Government’s running a deficit. A structural one.
They spend more than they earn in taxes.
The up to $400 million in yesterday’s package comes from the operating allowance. New money.
The Government claims this is like a cheque account, but that’s disputed.
The Taxpayer’s Union says given the fact the books are in the red, new spending is basically funded by borrowing. Therefore, it’s more like a credit card than a cheque account.
We do have a Budget in May where cuts will come.
But remember the forecasts for…
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