The John Hyde Archives

Historic archive of articles and newspaper columns written by former Australian politician John Hyde.

Fiscal Policy

The 1983 Budget

Budget  Fiscal Policy 

  • How much of the damage done by the previous budget can be undone.
  • Displaying fiscal responsibility will enable the govt to be re-elected.
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Unknown

Budget  Fiscal Policy  Monetary Policy 

  • A budget deficit is an unsatisfactory way to increase money supply.
  • The prime role of a deficit is to conceal politicians' expenditures so that they can appear to be better managers than they actually are.
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The Next Deficit

Politics  Fiscal Policy 

  • With each succeeding deficit, either interest rates or lost opportunities will be higher.
  • Easier for politicians to increase government spending rather than to decrease it.
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Brookings on Deficits

Budget  Monetary Policy  Fiscal Policy  Economics 

  • Aside from printing money, a govt deficit must be financed by bidding for the same funds that private investors seek.
  • Brookings' objection to a high budget deficit is that it will reduce economic growth by increasing consumption at the expense of investment.
  • Deficits allow govts to spend money that is not raised in taxes.
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The Sage of a Pipe Line

Fiscal Policy  Taxation  Politics 

  • Taxpayers are slugged with the cost of infrastructure projects when the government decides to build a "monument". *Q
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Cutting the Deficit

Fiscal Policy  Budget 

  • Any increase of public sector spending above the current level 44% GDP is not sustainable.
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Written on Turning Fifty

Fiscal Policy 

  • The reliance on credit by the current generation will cause future generations to be in debt.
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Oil Revenues

Welfare  Taxation  Fiscal Policy 

  • Revenue from the Bass Strait oil fields should be shared as widely as possible instead of being concentrated in unemployment benefits.
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Sir Hal Colebatch

Politics  Fiscal Policy  Protectionism 

  • He stood against: 1) protectionism, 2) excessive borrowing and 3) legislation that compelled price controls.
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The Trilogy

Fiscal Policy  Budget  Taxation 

  • The trilogy promises are: 1) reduction of the Federal budget, 2) no increase in tax revenue and 3) reduction of Federal budget outlays.
  • There is a need to increase investment to meet the trilogy.
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What Is the New Right?

Politics  Industrial Relations  Individual Rights  Taxation  Fiscal Policy 

  • Our wishes are to reduce union power, unfair business privileges, balance the government budget, reduced public expenditure and taxes, stopping the middle class from being ripped off, restore competiveness and protection of the family.
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The Premier's Plan

Politics  Fiscal Policy 

  • The premiers seem to be incurring disastrous debts in order to buy votes.
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The Laffer Curve

Taxation  Fiscal Policy 

  • There should have been greater expenditure cuts to compensate for tax cuts on the low and middle-income taxpayers.
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The Fiscal Problem

Fiscal Policy 

  • Public sector borrowing requirement must be eliminated and the Commonwealth must move quickly to a modest surplus with the States coming close to fiscal balance.
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The Deficit 1987

Economics  Taxation  Fiscal Policy 

  • When governments borrow rather than raise taxes, there are several consequences: 1) The young lose, 2) investments drop, 3) The country's credit rating suffers, 4) The police are required to force people to service the debt, 5) Foreign debt accumulates and 6) The government is tempted to inflate the currency.
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The Budget

Fiscal Policy  Taxation  Budget 

  • The government has already implemented all the tax cuts it can afford and avoiding the real issue of expenditure. A good budget that does not achieve surplus of a billion without new taxes is a bad budget
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Government and The Arts

Politics  Fiscal Policy 

  • Governments are more interested in social messages than in evaluation and revelation when it comes to funding the arts.
  • Another reason why the average man who isn't interested in the arts is forced to subsidise the arts is that civil servants and politicians fancy themselves to be part of the elite.
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The Liberal's Tax and Spending Policy

Taxation  Fiscal Policy  Politics 

  • The overall thrust of the policy is pro-employment but falls well short of solutions for the problems outlined. Nevertheless, it is a step in the right direction.
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Cut the Deficit and The Crap

Budget  Taxation  Fiscal Policy 

  • Tax cuts are highly desirable but only if a budget deficit is eliminated and government expenditure is reduced. A reduced deficit is a future tax cut.
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US Trade Deficit

Budget  Fiscal Policy  Business 

  • With a deficit, the best thing that our government can do is to get out of the way of entrepreneurs that can take advantage of chances to produce goods and services.
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Cutting Government

Budget  Fiscal Policy 

  • Any expenditure cuts should be done in a timely manner by people who are familiar with budget outlays.
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But for The Government's Help

Fiscal Policy  Currencies & Commodities 

  • The McCoil Report estimates a saving of at least $10 per tonne of wheat if there was no government intervention.
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Defence

Fiscal Policy  Defence 

  • Defence is an area where government activity cannot be privatised. Defence can be made more efficient by privatising some support services.
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Hayden's Pearls

Politics  Fiscal Policy  Monetary Policy 

  • Lax fiscal policies lead to tough monetary policies. There should be a balance between sufficient profit and employment. OECD countries need to exercise caution in subsiding trade and trade credits with Eastern European countries.
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The State Budget

Budget  Fiscal Policy 

  • When government use taxpayers' money, they get future generations of taxpayers into debt and they seldom use the monies as efficiently as the private sector. The government's issue is that it seldom a lack of specialist knowledge and a disregard for the public's opinion.
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Australian And United States Deficit

Budget  Economics  Fiscal Policy 

  • Both the US and Australia have penalised investing by spending consuming more and will cause a reduction in productivity and hamper long-term economic growth.
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The Election Result

Politics  Budget  Taxation  Economics  Fiscal Policy 

  • The election campaign extracted three promises from Bob Hawke: 1) no tax increases, 2) no increase in government expenditure without economic growth and 3) reduction in the budget deficit.
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