OPINION: There is a harsh lesson hiding in the drought debate
On the evidence to date, neither have the income tax cuts achieved what was hoped. People are not spending enough; many businesses are uncertain.
Mr Morrison and Treasurer Josh Frydenberg this week defended their position on the surplus as a giving a buttress against bad times. As it stands by its unwillingness to inject immediate stimulus, the Government is harking back to the Labor's action in the global financial crisis and what it condemns as overreach.
The period ahead will tell whether the Government's present refusal to stimulate the economy does indeed show the"cool and clear heads" that Mr Morrison boasts.
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