Iain Duncan Smith

Post #44 – Budgets, Brexits, Battlelines and Briefcases

There is a Civil War brewing. No I’m not referring to Yemen, Ukraine, the U.S or even the upcoming antics of Captain America. I’m referring to a Civil War over a quantitative expression of a plan for a defined period of time – better known as a budget.

Federal budgets are those funny things in politics that have the power to destroy – or further solidify – the career of the Chosen One that hands it down. A memorable budget is usually characterised by an image, a particular event, or a symbol. Take the example of the Abbott Government’s much-maligned 2014 budget, personified so eloquently in the grainy footage of then-Treasurer Joe Hockey and Finance Minister Mathias Cormann huffing down Cuban cigars. He was henceforth disparagingly referred to as ‘Smokin’ Joe‘, and his career prospects tanked along with the budget. The man many thought might be our future Prime Minister was undid by a shitty budget (more…)