Golden Rule: don’t borrow for handouts

The 2012-13 budget deficit will remain central to economic policy debate up to the federal election, though we won’t know its size or when any surplus is likely before the May budget. Even then, the budget numbers will be only estimates.

Prof Tony Makin writes a concise article about the Governments financial deficit. Read the entire article from The Australian here: http://www.theaustralian.com.au/national-affairs/opinion/golden-rule-dont-borrow-for-handouts/story-e6frgd0x-1226578235088