The coalition’s federal budget last week is provoking all sorts of reactions, most of them negative. In my view the budget is a real mish-mash of ideas, from the eminently sensible (re-introducing indexation of the fuel excise) through to the plain daft (slashing foreign aid in order to spend the money building roads that will be congested in a few years.)
Some people’s reaction to the budget is somewhat questionable though. In regard to pensions the Abbott government is proposing to increase the pension age from 67 to 70, and change the indexation arrangement so that pensions are linked to CPI rather than average male earnings. There will be various views as to whether this is a good or bad idea, but for the International Youth & Students for Social Equality to assert in the pamphlet they handed to me at the shops this morning, that this amounts to a “complete dismantling of what remains of the age pension” … well that’s just laughable.