budget

The Socialist Alliance estimated in 2010 that its key policies for social justice and environmental sustainability would cost a minimum of $81-140 billion a year. Any budget devised by a party focused on putting people and the planet before profits would look significantly different to the “safe” yet largely austere budget the federal Labor government released last week.
At first glance, you might have mistaken London’s packed streets on November 10 for a Mardi Gras carnival. There young faces and large grins, combined with incessant whistle-blowing, trumpet-blasting and drum-beating. All mixed together to form the din of student protest. The noise took shape and all of a sudden burst from the centre of the crowd, picked up by everyone else: “No ifs, no buts, no education cuts” — the main chants of the 50,000 students marching forward from Westminster to the destination of the Milbank headquarters of the Conservative Party.
The Conservative Party, or Tories, has never really forgiven the British working class for demanding and winning the creation of the “welfare state”. Gains won included such things as free health care, council homes at affordable rents, and care for the elderly and vulnerable. From the Tories’ point of view, these are all things individuals should sort out for themselves. The modern state should provide the same level of social protection as was available to Queen Victoria’s subjects in the 19th century.
Labor Treasurer Wayne Swan’s third budget, delivered on May 11, continued the neoliberal austerity agenda of the previous Howard government. Delivered in the shadow of the Henry tax review, released by the government on May 2, Labor’s budget continues to grind away at social and environmental spending in the name of fiscal conservatism.