Broken promises

Posted by Michael on May 17, 2009, 8:24pm, 276 views

When is a promise a promise? Never, according to Australian politicians.

Kevin Rudd promised to retain private health insurance rebates, but has withdrawn that promise.

It was about the only significant concession he made to the global economic downturn in the budget.

If the government’s response had been more drastic this one failed pledge might have been forgiven. However, it’s business as usual, apart from raising the pension age to 67 in 2023.

Access to superannuation is likely to follow the pension age upwards.

Earlier governments, Labor and Liberal, wanted us to save for our retirement. Now that our retirement has been delayed fewer people will be inclined to save as much.

A good quality of life can be expected between 60 and 70 for most people. Upwards of 67 it’s problematic.

John Howard had core promises and non-core. Kevin Rudd has kept promises and broken promises. What’s next?

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