When it comes to economic management, it is important not to listen to what Labor says but look at what they do. NSW Labor’s inability to manage their super obligations for NSW public servants is another indication of how Australia’s economy would be managed under Kevin Rudd.
Despite their rhetoric, questions still remain today over whether or not NSW Labor will be able to adequately fund their own public servants super requirements.
According to 2006-07 state budget papers, the NSW Government is playing ‘three card shuffle’ with public servants super to make it appear as if they are making contributions to reduce unfunded super liabilities, rather than making actual contributions.
The NSW opposition has rightly questioned why the 2006-07 budget papers indicate that around $7 billion was moved between Government accounts to give the impression that a contribution had been made - all this in the aim of declaring the NSW budget in surplus.
This is the type of dodgy economic practices Labor has become famous for, which inevitably leads to government debt.
The very real risk facing Australians is that this is the type of flimsy economic strategies Kevin Rudd and Wayne Swan would use if they were elected to Government.
In stark contrast, the Howard Government established the Future Fund, which is well on track to service the super requirements of Commonwealth Public Servants. This will prevent future generations from having to bear the burden of funding these obligations.
Unfortunately Kevin Rudd, Wayne Swan, Stephen Smith and Lindsay Tanner have already said they will raid the Future Fund again and again to fund Labor’s big spending promises.
The bottom line is, Australia simply cannot afford Labor running our economy.